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Tripartite Movements of Korea, China, Japan in OLED TV Market
OLED TV StrategiesThree different approaches by Korea, China, and Japan towards the technology of Organic Light Emitting Diode (OLED) TVs are being spotlighted.In Korea, two market leaders, Samsung and...
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Korea Ranked 14 in Nominal GDP in 2013
GDP RankKorea ranked 14th in the economic scale in the world for five years in a row. According to the World Development Indicators of the World Bank published on July 13, Korea’s nominal GDP totaled...
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4 out of 10 Smart Phones Expected to be Flexible in 2018
Future of SmartphonesIt has been predicted that flexible smart phones will account for 40 percent of the global smart phone market in 2018.According to market research firm DisplaySearch, the ratio of...
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Banks, Credit Card Firms Competing to Win over Mobile Payment Customers
Mobile Payment CompetitionBanks and credit card companies are in a showdown in the mobile payment market. Banks are releasing debit payment services with credit card firms taking the initiative using...
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Korean Economy’s Excessive Dependence on Certain Business Groups
Excessive Dependence EconomyThe electronics and automobile industries, two of the most important pillars of the Korean economy, are wavering due to the saturation of the smart phone market and strikes...
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Welcoming Ceremony Held for Next Generation of Cyber Security Leadership
Best of the BestThe Ministry of Science, ICT and Future Planning and the Korea Information Technology Research Institute (KITRI) selected 130 talented trainees in information security for the third...
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Telecoms, Banking Industries Conduct Psychological Warfare on Banking Platform
Banking Platform CompetitionThe telecommunication and banking industries are competing with each other to upgrade an accredited certificate with a safer platform. They are seeking to remedy the...
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Samsung, LG Modify Product Line Strategies for Smartphones
Strategy ChangesSamsung and LG Electronics have modified their strategy for smartphones to overcome the crisis of the smartphone market.According to industry sources on July 14, Samsung has changed its...
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Korean Research Team Develops Tech for Early Diagnosis for Highly Contagious...
Possible Early DiagnosisThe Korea Advanced Institute of Science and Technology (KAIST) announced on July 16 that a research team led by Jung Ki-joon and Lim Sung-gab, professors of the Department of...
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Secret Bunkers of Combined Forces Command Exposed on Google Earth
Secret Facility ExposedThere is growing controversy over the exposure of Command Post (CP) TANGO, which is the primary warfighting headquarters of the Combined Forces Command (CFC), on Google Earth.The...
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Samsung, Qualcomm May Sign Manufacturing Agreement for Application Processors
AP Consignment ProductionThere is a growing possibility that Samsung Electronics and the world's number one AP maker Qualcomm will sign a contract for application processors (APs). If the deal is...
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Apple, IBM Bury the Hatchet for the 1st Time in 30 Years
Alliance BackgroundIBM and Apple announced on July 16 that they would cooperate with each other in the enterprise mobile software field. According to their plan, IBM is going to release its enterprise...
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Global Enterprises Engaged in Patent Litigation with Different Goals and...
Patent LitigationGlobal IT and electronics giants are demanding royalties on and filing lawsuits against Korean companies, using their patents and intellectual property rights as a sort of...
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“Annual Sales Revenues of Manufacturers to Drop 28% Maximum due to Emission...
CO2 Blow to RevenuesThe annual sales revenues of Korean manufacturing companies are expected to drop by a minimum of 8 to 29 trillion won (US$7.8 to 28.1 billion), when the emission trading system...
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Only Renault Samsung Smiles at Korean Won Appreciation
Beneficiary of Won AppreciationThe long-term appreciation of the Korean won creates different situations for Korean automakers. The sales profits of Hyundai-Kia Motors, GM Korea, and Ssangyong Motor...
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“Three-way Trap for Korean Economy"
Korean EconomyChoi Gyung-hwan, the Deputy Prime Minister for Economic Affairs and the Minister of Strategy and Finance analyzed that Korean Economy has stumbled into a three-way trap of low growth, low...
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Korean Government to Develop 50 Innovative Biotech Companies by 2020
“Blue Chip” IndustryThe Korean government will expedite the industrialization of stem cell biotechnology, develop gene therapy, and create a new converged market for information communication...
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10,000 New Jobs to Be Created in Local Energy Sector
Blueprint of Energy IndustryThe Korean government proposed a blueprint to explore six new energy businesses and create a 2.08 billion won (US$2.01 million) market by 2017, along with more than 10,200...
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Controversy Brewing over Utilization of National Funds for Economic Stimulation
Pump-PrimingExperts are expressing concerns over the government’s attempt to stimulate the national economy by encouraging corporations and households to take out loans.Some examples are funds, such as...
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ETFs Absorbing Funds from Equity Fund Market
Fund ShiftsFunds are flowing into the ETF market as global fund management companies such as Fidelity, Amundi, and BlackRock are lowering the fees. Meanwhile, the equity fund market is losing its...
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