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Four Leading Financial Groups’ H1 Performances Expected to Show Contrast
Contrasting PerformanceIt is predicted that KB Financial Holdings and the Woori Financial Group recorded at least double-digit growth in the first half of this year from a year earlier, unlike Shinhan...
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Major Corporations to Refrain from Aggressive Expansion in Second Half
Conservative PositioningLeading Korean corporations picked risk management and concentration on the basics, instead of external growth, as their business strategy for the second half of this year.The...
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China Trying to Restructure US-Japan-centered Global Economy
Global StrategyThe economic revival strategies of China are getting into shape as it changes the current economic paradigm of the Asia-Pacific region through a Free Trade Agreement (FTA) with Korea and...
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Vice Chairman Lee Jae-yong of Samsung Electronics Taking Charge of All...
Acting ChairmanLee Jae-yong, vice chairman of Samsung Electronics, is officially expanding his management territory. He is moving fast but very silently to enhance his external activities and take care...
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Expected Annual Salary of Male College Graduates 26% Higher than Females'
Expected SalariesThe average expected salary of college graduates who are currently looking for jobs is approximately 25 million won (US$24,715).Career portal Jobkorea conducted a survey of 621 male...
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Samsung to Start Crisis Management with 3 Strategies
Crisis ManagementSamsung Electronics has declared the goal of crisis management for the latter half of this year, and decided to push forward with three strategies. The three measures are aimed at...
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Subsidiaries of Foreign Companies Exempt from Being Regulated as Limited...
Controversy of FairnessMost of the foreign software companies in the nation were excluded from this year's study on software companies, because they did not disclose information as limited liability...
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New Economic Team in Strong Pursuit of Growth
Change of Economic PolicyPrime Minister and Strategy & Finance Minister candidate Choi Kyung-hwan said, in the written answer for his confirmation hearing, that his economic team’s foremost goal is...
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Auto Industry on Verge of Striking
Summer StrikesThe labor union of Renault Samsung Motors has decided to go on strike. That of Hyundai Motor Company is likely to do so next month as well, about a difference of opinion on the scope of...
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Korea Falling Behind in EV Market Growth
Backward EV PolicyThe Korean government’s policy for electric vehicle (EV) promotion is regressing due to a lack of budget. The Ministry of Environment, which is in charge of creating EV charging...
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Samsung SDI May Give Up Solar Energy Business after Just 3 Years
Sad Solar Cell SalesSamsung SDI’s solar cell energy business has flopped. The company acquired the business from Samsung Electronics for 161.3 billion won (US$159.8 million) back in July 2011. But the...
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Armed Robbers Steal Phones, Computers Worth US$36 Million from Samsung’s...
Brazilian TheftAbout 20 armed men raided Samsung Electronics' factory in Brazil during the night shift, according to civil police in São Paulo state on July 7 (local time). The plant is located near...
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Debt-ridden Pantech to Enter Court Receivership
Collapse of Venture MythThe three mobile carriers have refused to agree on a debt-for-equity swap worth 180 billion won (US$177 million) requested by the creditor banks of Pantech, which is currently...
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Joint Research Team including Koreans Discovers Extreme Energy Hot Spot in...
Origin of Cosmic RaysAn international joint research team composed of 125 Korean, US, Japanese, and Russian scientists discovered where extreme energy cosmic rays come from.On July 8, Hanyang...
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Local Steel Market on Verge of Dominance by Chinese Steel
China’s ThreatThe Korean steel market outlook is getting worse. Korean steel companies expected to gain some advantages upon the restructuring of the Chinese steel industry, but the production and...
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Interest in Chinese Bonds Skyrocketing Thanks to President Xi Jinping’s Visit...
Xi Jinping EffectAfter the Korea-China summit, investors are showing high interest in Chinese bonds. Yields on Chinese bonds are higher than Korean bonds and the cost of investment such as commissions...
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Top Ten Multi-Level Marketing Companies Make Lion's Share of Sales Revenue,...
Pyramids on PyramidsThe top ten pyramid scheme companies, such as Amway Korea, are far ahead of other multi-level marketing companies in terms of sales revenue and support allowances, accounting for...
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Renault Samsung Motors’ Opportunity for Business Stabilization Disappearing
Losing ChancesRenault Samsung Motors, one of the companies representing the regional economy of Busan City, is about to lose its first chance for business stabilization in three years due to the labor...
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Korea Needs to Overhaul Tax Systems to Attract Foreign Investment
Backwards Tax SystemSingapore cut its corporate tax rate from 20 percent to 17 percent in 2009 in order to attract more foreign investment through tax cuts. In two years of time, Singapore was picked...
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BAND Games Secures 250 Game Developers as Business Partners
Gaming Platform CompetitionCamp Mobile's BAND Games has forged a partnership with many game developers, and it is actively seeking to overtake KakaoTalk's gaming platform in market share.After BAND...
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