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Absence of Business Owners Blocking Investment
Foreseen ConcernInvestment by major business groups, which is very urgent for job creation and domestic consumption increases, is showing no signs of recovery amid the absence of the owners. They are...
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Korean Economy Increasingly Subordinate to China
Economic DependenceThe Korean economy’s dependence on China is accelerating in almost all fields ranging from trade to domestic consumption, finance, and real estate.According to the Bank of Korea,...
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KEPCO Report Wins Gold at LACP Vision Awards
Golden SustainabilityThe Korea Electric Power Corporation (KEPCO) won the gold award with its annual sustainability report at the 2013 League of American Communication (LACP) Vision Awards Annual...
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Employee Inventions: Who Owns, and Who Owes?
Legal ExaminationImagine that you are a computer programmer or software engineer at a leading technology company who dreams of breaking free from your cubicle of solitude and inventing the next “killer...
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Chinese Hackers Target Korean SMEs, Sell Personal Information on Chinese Web...
Lax SME SecurityChinese hackers reportedly stole and sold 20 million cases of the personal information of Koreans by targeting small and medium-sized enterprises (SMEs) that are vulnerable to hacking...
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Destiny of Pantech Again in Hands of Creditors
Close ShaveThanks to a decision by SK Telecom, KT, and LG U+ to extend the deadline for debt repayment, Pantech was able to avoid defaulting on debt. However, the debt-ridden company still has a long...
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Korean Research Team Develops Tech to Diagnose, Manage Diabetes with Sensors...
Better than GoogleA Korean research team has succeeded in developing a method to diagnose and manage diabetes by collecting and analyzing tears with sensors inserted into contact lenses.The Korea...
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Top 10 Countries for Korean Youth Employment
Best Countries for Korean YouthThe Presidential Youth Committee announced on July 24 the top ten countries worldwide for Korean youth employment. They are Germany, the U.S., Vietnam, Singapore,...
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Banks “Cannot” Take 120 Trillion Won Deposits
Excessive Cash FloodBig corporations who want to deposit their excessive cash are in conflict with banks who don’t want too much money.According to the financial sector on July 24, corporate deposits...
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Deregulation Seen as King Pin of Economic Reformation
Shortcut to Escape RecessionThe United Kingdom started a new regulation improvement system ‘one-in, one-out’ in 2011. When a new regulation is applied, one existing regulation which has equivalent...
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GDP Growth Limited to 0.6% in Q2
Shrinking EconomyThe Bank of Korea announced on July 24 that the real GDP of Korea increased by 0.6 percent in the second quarter of this year, which is 0.1 percentage points lower than earlier...
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Big Push Policy Put in Place to Boost Consumption, Investment
Strong DriveDeputy Prime Minister for Economic Affairs and Minister of Strategy and Finance Choi Kyung-hwan launched new expansionary macroeconomic policy for a household income increase. The big push...
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SK Hynix Showed Solid Performance in Q2
Highest Turnovers EverSK Hynix is expected to set a new annual sales record this year. It is planning to expand its solid state drive (SSD) business during the rest of this year, based on the stable...
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LG Electronics Shows Higher-than-expected Performance in Q2
Unexpected PerformanceLG Electronics announced Q2 earnings, greatly surpassing market expectations. The smartphone business unit, which had recorded losses for three consecutive quarters, showed...
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To Minimize Cyber Vulnerabilities, Look First at the Data You Keep
Cyber ProtectionRecent revelations about the scope of Chinese hacking attacks on Korean small and medium enterprises (SMEs), as mentioned in a recent article in this magazine, may have been surprising...
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Global Investors Rushing Back to Korean Stock Market
Coming BackForeign investors are returning to the Korean stock market on the expectations of the new economic policy of Deputy Prime Minister Choi Kyung-hwan, recovery of the Chinese economy, positive...
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Korean Gov't to Continue with Expansionary Economic Policy
Revised Economic PolicyThe Korean government will maintain its expansionary economic policy until next year, while reducing the burden on the corporate sector of greenhouse gas emission trading system...
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Samsung May Regain Market Leadership in Application Processors, Foundry
System SemiconductorsSamsung Electronics could see the recovery of its system semiconductor businesses, which has seen the most trouble in their semiconductor businesses. Samsung Electronics might be...
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Large Businesses Go Head-to-head in Solar Light, Smart Grid Markets
New Ground for CompetitionThe current top ten asset companies are entering various energy markets including solar light, secondary cells, smart grids, and fuel cells.These groups all point out that...
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Chinese Developers Eyeing Casino Sites in Korea, Australia
Chinese Casino InvestmentChinese real estate developers are turning their eyes to casinos in Korea and Australia, amid the slump in the Chinese realty market.According to a recent report of the Morning...
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