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Korean Dramas Blocked on Chinese Internet Leads to Local Web Drama Production
Alternative DevelopmentBecause Korean drama shows including “The Heirs” and “My Love from the Stars” are extremely popular in China through the Internet, the Chinese government is trying to regulate...
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Traditional Banking Models Are Disappearing
Internet BanksThe development of digital banking is reshaping the banking industry at a fast pace.These days, face-to-face banking is being rapidly replaced by micro-payments using free mobile...
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Korea Looking to become Yuan Hub in Asia
Hub for YuanIt is expected that Korea and China will allow direct transactions between the won and the yuan after the bilateral summit meeting on July 3. In addition, the two parties are discussing the...
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Pyongyang, Washington, Tokyo Feeling Discomfort at President Xi Jinping’s...
Changing Power BalancePolitical conditions in Northeast Asia are fluctuating again ahead of Chinese President Xi Jinping’s state visit to Korea. The neighboring countries appear to be disapproving of...
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Putin Vetoing 12.87 Trillion Won Yamal LNG Carrier Project with DSME
Bulldozed by PutinA red light has flashed for Daewoo Shipbuilding & Marine Engineering (DSME) on the Yamal LNG Carrier Project. Last July, DSME had acquired an advance order for building 16 LNG...
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Korea, China Agree on Won-Yuan Direct Exchange Market Worth 13.5 Trillion Won
Korea-China SummitSouth Korean President Park Geun-hye and Chinese President Xi Jinping agreed to settle the Korea-China FTA negotiation within this year at the summit on July 3. Currently, two...
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President Xi Jinping Ignites Full-scale Investment in Korea of Over US$7 Billion
Huge InvestmentThanks to the visit from President Xi Jinping, many Chinese entrepreneurs with a keen interest in Korean investment have come to Korea. They represent many Chinese corporations and will...
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Korea Recorded US$366.5 Billion in Foreign Currency Reserves in June
Foreign Currency ReservesKorea's foreign-exchange reserves reached an all-time high for 12 consecutive months, and the nation is likely to overtake Brazil in the sixth spot in the near future. The...
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Troubled Pantech May Go into Court Receivership
Pantech’s FatePantech, which is currently under a debt-workout program, is now faced with the biggest crisis since its foundation. Due to the remote possibility that mobile carriers that asked for a...
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Samsung to Build Display Module Factory in Vietnam by Investing 1 Trillion Won
Investment in VietnamSamsung Display is going to build a facility that produces display modules for mobile devices in Vietnam, with an investment of 1 trillion won. As a result, Samsung will be able to...
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Ferrari Focusing on Korean Market
About FaceThe Ferrari California T made its debut in Korea on July 2 at the Beyond Museum located in Cheongdam-dong, Seoul. “We did not concentrate on the Korean market until as recently as a few years...
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North Korea Resorting to Japan, Russia against Closer Sino-Korean Partnership
Jealous DiplomacyNorth Korea is trying to be closer to Japan and Russia in response to the summit talks between South Korea and China.The Japanese government announced on July 3 that it will lift some...
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Functional Food Product Makers Adopting New Materials Competitively
Diet ProductsCompetition among health care food manufacturers is heating up over the use of new materials. Until recently, one of the main ingredients of functional food products specialized in weight...
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Korean Government Committed to Manufacturing Innovation Based on Convergence
Expansion of Converged ManufacturingThe government accelerates convergence in the manufacturing sector and sets the stage for innovation of the industry.The Ministry of Trade, Industry & Energy had...
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Samsung Electronics May Perform Far Below Expectations in Q2
Possible Earnings ShockThere is growing concern that Samsung Electronics' operating profits may decrease to the 7 trillion won level in the second quarter. According to sources in the financial...
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SK Planet Reports Kakao to Anti-trust Regulator for Monopoly, Unfair Business...
Unfair TradeKorea’s top mobile messenger service provider Kakao and four mobile coupon providers are at loggerheads over the fact that Kakao has just launched its mobile coupon service. Thus, SK Planet...
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New Orders for Korean Shipbuilders in Sharp Decrease amid Chinese Share...
Declining OrdersAs new orders for Korean shipbuilding companies declined significantly, Korea became market number three, far behind China. Even Japan beat Korea last month.According to the...
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“Cooperation of Korea-Tumen River Economy Belt to Expand”
Complementary DevelopmentThanks to General Secretary Xi Jinping’s recent visit to Korea, the Korea-China FTA negotiations are to be conclusively settled within this year. This could boost the economic...
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Which Korean Products have 20%+ Global Market Share for 5 Years Straight?
Global Dominant ProductsAmong Samsung Electronics' eight top-ranked products, Samsung TVs and DRAM reportedly surpassed 20 percent in market share for five consecutive years.According to the...
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Can Reunification be Creative?
Asia InstituteA focused group of Koreans and internationals gathered at Seoul’s Citizen’s Hall for an Asia Institute seminar on creative approaches to the challenge of reunifying the Korean Peninsula...
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