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Employment of Highly Educated Youth in Blue Collar Jobs Stirring Controversy
Reverse DiscriminationThe employment of university graduates in blue collar positions is emerging as a hot issue in various industries. The controversy was triggered in May, when the National Human...
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Major Mobile Messengers Expanding Their Dominant Platforms into Games,...
Messenger Service ExpansionAs domestic and foreign mobile messenger companies are expanding platform businesses, their “superpower” status might become even stronger.Major global mobile messenger...
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Demand for Cross-border Movement of Professional Manpower Increasing in FTA...
Core FTA IssueThe Korean government is planning to carry out a commissioned study on the import of professional manpower such as consultants, engineers and lawyers and its impact on the domestic job...
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New Transfer Technology Developed to Accelerate Commercialization of Graphene
Dream MaterialThe Ministry of Science, ICT and Future Planning announced on August 11 that Korea University mechanical engineering Professor Han Chang-soo, the Korea Advanced Institute of Science and...
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IT Companies Trying to Escape from Google’s Influence in Mobile Market
Independence from GoogleGlobal IT companies are accelerating the development their own operating systems in order to keep Google in check. This is because they are increasingly concerned over the...
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Korean, Chinese Capital Markets Becoming Closer-knit
Capital ExchangeExchange between the capital markets of Korea and China is picking up speed as they consider each other to be highly-attractive markets.Investors in Korea are looking forward to a high...
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Amazon, Microsoft Encroaching on Local Cloud Market
Cloud CompetitionAs global cloud companies including Amazon and Microsoft are considering building data centers in Korea, an upheaval in IT industry is expected.According to sources in the industry on...
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IoT Market to Reach US$7 Trillion by 2020
Changing ParadigmThe Internet of Things (IoT) market will grow rapidly for the next six years. Over US$5 trillion in growth is expected.Especially as it is linked with primary and secondary industries...
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Smart Watches Able to Make Calls, Surf Web, and Use Messengers Emerging as...
Smart Watch InnovationThe “Innovation in Hand” idea of smartphones is now rapidly switching to the “Innovation of Wrist” idea of smart watches. A new wearable IT ecosystem is being formulated.As global...
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Naver, Kakao Competitively Expanding O2O Frontier
Neck-and-neck RaceKakao will launch “Yellow ID,” a marketing service for small and medium businesses, from August 20. This is a direct challenge against Naver, which is already dominating the market...
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Showtime for Overseas Korean Entrepreneurs
Motherland Reaching OutThe 13th World Korean Business Convention will be held for three days from Sept. 24 to 26. This year, it will be held in the Busan Exhibition & Convention Center, or BEXCO....
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Fitch Rates Market Share of Samsung Smartphones to Drop to 25%
Cloudy ForecastFitch Ratings, a global credit rating company, forecast on August 12 that the sales-based market share of Samsung Electronics’ smartphones, which reached its peak of 31 percent last...
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Wage Differentials Widen between Big Corporations, Small Companies
Increased PolarizationAfter the global financial crisis, the polarization between big corporations and small companies has gotten more intense. The wage differential between big corporations and small...
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Over 100 Billion Won Loss Expected in Refineries This Year due to Iraqi Civil...
Damages to Refinery BusinessRefineries are reducing crude oil imports from Iraq, but it costs several billion dollars more to substitute relatively cheap Iraqi crude oil with crude oil from other...
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Pantech, Forerunner of First Venture Generation, Filing for Court Receivership
Fall of Venture MythPantech is under court receivership after suffering from serious financial difficulties due to an inability to succeed in the smartphone market.Pantech announced at a board meeting...
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Hyundai Motor Introduces Strategic i20 in India, Europe
Strategic CarHyundai Motor introduced its new i20 in India and Europe simultaneously. The i20 is the strategic model of a small hatchback developed in 2008 to target European and Indian consumers who...
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Samsung Electronics Launches ATIV Book M
11.6 Inch LaptopSamsung Electronics released the ATIV Book M on August 12.The 11.6 in laptop can be used for up to eight hours once fully charged. The white body frame is decorated with a leather-like...
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KT Participates in Brain Map-making Project in Preparation for Healthcare...
New BusinessKT, which recently picked healthcare as one of its five future-oriented convergence services, participates in connectome research for the first time in the private corporate sector....
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Casinos, Tourist Hotels, Medical Corporations Opened for Service Industry...
Doors Wide OpenDeputy Prime Minister and Minister of Strategy and Finance Choi Kyung-hwan unveiled his third policy package for the stimulation of domestic consumption on August 12. “The common goal of...
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Earnings Shock Hits Korean Stock Market in Q2
Won EvaporationThe combined operating profits of 102 listed Korean companies that announced their profits for the second quarter were found to be approximately 3 trillion won (US$2.9 billion) less than...
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