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Samsung Electronics to Invest 24 Trillion Won in Semiconductor, Display...
Samsung Conference CallSamsung Electronics, which is struggling owing to the limits of the smartphone market, is trying to overcome the crisis by heavily investing in B2B businesses such as...
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World's First Bendable TVs
TV InnovationSamsung Electronics announced on July 31 that it will release the industry's first 78-inch bendable UHD TVs that allow will people to enjoy both a flat and curved screen.The new model...
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Tablet PCs Differentiate, Challenge Smartphones with Wider Screens
Tablet PC StrategyTablet PC manufacturers such as Samsung Electronics and LG Electronics are introducing wide-screen products. As smartphones with screens larger than 5 inches are increasing, 7-inch...
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Pantech Escapes from Brink of Collapse
Keys to SurvivalAs telecommunications companies recently agreed to postpone the repayment of accounts receivables from Pantech, and creditors of Pantech decided to restart the workout (corporate...
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Microsoft to Sue Samsung for Violation of Smartphone OS License
Android OS LawsuitMicrosoft's lawsuit against Samsung Electronics over Android royalty payments has caused alarm among Android phone manufacturers. In particular, Microsoft's move is expected to...
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Petrochemical Industry to Increase Benzene Exports
Changes of Export StrategyAs certain products such as paraxylene (PX) are oversupplied these days, petrochemical companies are rapidly shifting their export strategies. Some companies stopped producing...
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Rich Koreans Withdrawing Huge Amounts of Won from Banks
Exodus of MoneyA lot of wealthy people in Korea have been withdrawing billions won from banks recently, a so-called “exodus of money.” This money exodus started one or two years ago, and has been...
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LG’s G Vista Phablet Launched in US Market
Popular PhabletLG Electronics announced on July 31 (local time) that it released the G Vista, a 5.7-inch phablet, in the United States via Verizon Wireless.The G Vista shares the same design cue with...
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Big Businesses Struggling with Reputation Management Abroad
Brand Risks AboardSamsung Electronics temporarily stopped its business with Dongguan Shinyang Electronics last week, one of its partner firms located in Guangdong Province, after the Child Labor Watch...
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SK Innovation Accelerating Development of Shale Gas, Oil Sands
Energy PioneerSK Innovation Vice Chairman Koo Ja-young announced that his company would aggressively participate in the development of non-conventional natural resources in the United States....
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Popularity of Kia Motors’ Soul, Sportage on the Rise in US Market
Good Record in USKia Motors America announced on August 1 (local time) that it sold 52,309 vehicles in the United States in the preceding month to post sales growth of 6.7 percent from a year earlier...
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Pandora TV Provides World’s First Internet-based UHD Broadcasting Service
Ahead of YouTubePandora TV will launch its own ultra HD broadcasting service late this month. The idea is to show off its advanced technology as a video platform representing Korea to increase its...
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Amway Korea Flaunts Regulations, Receives Slap on the Wrist
Multi-level ShadyAmway Korea (CEO Park Sae-joon), the largest multi-level marketing company, received correctional orders from the Fair Trade Commission (FTC) for flaunting the regulations set for...
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Seedstars Awards Krowdpop as South Korean Startup Winner
Winning VentureSeedstars World (SSW) held its regional startup contest Seedstars Seoul at D.CAMP, a Seoul-based gathering space for venture companies made by members of the Korea Federation of Banks....
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Samsung to Make Full-scale Expansion into Online-to-offline Market Worth 300...
O2O BusinessSamsung Electronics is actively seeking to get into the Online-to-offline (O2O) business.O2O is an emerging business model combining online shopping and front line transactions, and global...
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Childhood Obesity Can Be Solved with BT, ICT
Obesity TreatmentThe problem of obesity of children and teenagers in Korea is going beyond a personal matter and has emerged as a social issue. A Korean research team is addressing the issue by...
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Luxury Cosmetics such as SK-II Less Effective in Fighting Wrinkles than...
Undeserved PricesSK-II Stem Power Cream, which costs 129,000 won (US$125), is actually less effective at fighting wrinkles than ordinary lotions. And Soseonbo Cream of Sulhwawoo and Lift Cream of...
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Shipbuilding Industry to Promote Specialized Vessels for Shale Gas
Niche MarketKorea’s three biggest shipbuilding companies are promoting LNG and LPG gas vessels to meet the increasing demand and break through the recent recession.Shale gas is natural gas that is...
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Korea Shows Widest Gender Wage Gap in OECD
Gender DiscriminationThe male-female wage gap is wider in Korea than in any other OECD member country for over 10 years, and the gap is widening with time.According to the organization, the wage...
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Prices of Domestic, Foreign Auto Components to be Disclosed
Price DisclosureThe prices of all automobile components, including those of imported vehicles, are being released on the Internet.The Ministry of Land, Infrastructure and Transport announced that...
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