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Smart Watches Compete with Surprising Designs
New Smart CompetitionHandset makers are actively seeking to find new growth engines following smartphones. The smart watch market is cited as the most favored new growth engine. Jung Boo-yeon, a...
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Smart Shoes Linked to Google Maps Point People in Right Direction
Wearable Technology EvolutionSmart shoes that vibrate to guide people in the right direction have been developed by an Indian firm.According to IT news site Betabeat on July 27 (local time), Indian...
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Steel Manufacturers Banking on Extra Strong, Light Automotive Sheets
Advanced SteelSteel companies such as POSCO and Hyundai Steel that are manufacturing automotive steel sheets are putting in a lot of effort to develop premium automotive steel sheets. As global...
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K-Food Show Promotes Fermented Food this Year
Fermented FoodsThe Korea Food Show 2014 will open from Sept. 2 to 5 at Exhibition Centers 1 and 2 of the Yangjae aT Center. It is being hosted by the Ministry of Agriculture, Food and Rural Affairs...
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Tech Financing Agency Assists IPOs of Blue-chip SMEs, Venture Companies
IPO PromotionThe Korea Technology Finance Corporation (KOTEC) announced on July 28 that they signed an MOU with Korea Exchange (KRX) to support the IPOs of strong small-sized and venture technological...
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Operating Profits of Samsung SDI in Q2 Reach Just 700 Million Won
Shabby PerformanceThe operating profits of Samsung SDI during the second quarter was 700 million won (US$681,996), turning into a surplus from a loss, but this is 97.8 percent less than the same period...
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Korea’s Status as Strong Shipbuilding Power Shaken
Shipbuilding CrisisThe Korean shipbuilding industry, which used to be the world’s best, has been shaken. China, once considered far below Korea, is aggressively chasing the country's industries, so...
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Korean Diesel Cars Leading Local Auto Market amid Offensives from Imported Cars
Diesel TrendThe sales of both local and imported diesel vehicles are increasing rapidly. As more and more consumers are getting sensitive to the economics of fuel efficiency, the market share of diesel...
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Big Data Used to Predict Vehicle Defects
Big Brother DataThe Korea Transportation Safety Authority has established a big data analysis system within this year for the multifaceted examination of vehicle defects, which are becoming more and...
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Electronics Subsidiaries of Samsung Group in Calm Before the Storm
Earnings Aftershock The Samsung Group's move aimed at spurring management innovation to overcome limits to growth has put Samsung subsidiaries on edge. As business restructuring and reorganization is...
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Beacon Brings Internet of Things Industry Era Closer
Core of Internet of ThingsBeacon, which is a short-distance location tracking technology, is emerging in the IT sector as a state-of-the-art advancement. Although the method was not recently developed,...
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Mirae Asset in Trouble for Coffee Bean Acquisition
Business ScandalTNPI, The Coffee Bean & Tea Leaf’s franchise company in China, recently sued Mirae Asset Chairman Park Hyun-ju. The case has been assigned to the Seoul Central District Prosecutor's...
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Economic Policy of New Deputy Prime Minister Characterized as Household...
Money to HouseholdsThe Korean stock market has been on a roll since the inauguration of Deputy Prime Minister Choi Kyung-hwan. His so-called Choinomics is being frequently compared to Abenomics, which...
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Naver Line Negotiates Investments with Softbank, Alibaba
Alliance for Global DominanceKorea’s number one portal Naver is in negotiations for investments and strategic partnership with Softbank of Japan and Alibaba Group of China. An executive at Naver said,...
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Top Five Export Industries in Korea Drowning in Sea of Chinese Oversupply
Overwhelming CompetitionThe export performances of the top five export industries are radically worsening due to the appreciation of the Korean won and oversupply from China. Hyundai Heavy Industries...
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Japanese Police Confirm Illegal Withdrawal of 27,000 Bitcoins
Bitcoin DisappearThe Mainichi Newspaper reported on July 31 that the Japanese police confirmed the wrongful withdrawal of 27,000 bitcoins, which is equivalent to 1.6 billion yen or US$15.7 million, out...
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R&D Investment for Next Year Exceeds 12 Trillion Won
Expanded R&D BudgetThe government is investing 1.039 trillion won (US$1.005 billion) in basic research next year, 4.2 percent higher than this year. This is the first time that more than one...
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Household Loan Increments Increased by 80% in June
Effect of DeregulationsThe amount of household loans showed a rapid increase in June on the expectations of housing market deregulation characterized by LTV and DTI adjustment.The Financial Supervisory...
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Korean Medical Institutions’ Efforts for Overseas Expansion Not Paying Off
Korean Hospitals Come HomeKorean hospitals have rushed into Asian and Middle Eastern countries since around 2000, when the popularity of Korean pop culture began to soar in these regions. However, an...
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Smart Innovation Center to Revitalize Ecosystem for Smart Media
Smart Media InnovationThe government is actively seeking to revitalize the ecosystem for smart media.The Ministry of Science, ICT and Future Planning (MSIP) announced that a smart media innovation...
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