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Korea Develops New Device-to-Device Communication Technology for Smartphones
Visual CommunicationThe Electronics and Telecommunications Research Institute (ETRI) announced on December 18 that it has successfully developed “visual communication,” a new type of Device-to-Device...
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Samsung Introduces GamePad for Android Devices in Europe
GamePadSamsung Electronics announced on December 17 that its GamePad and Mobile Console app for Galaxy devices were released in Europe.The most notable characteristic of the GamePad for Smartphones is...
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SK E&C Jointly Wins US$3.6 B. Contract for Petrochemical Plant in Egypt
Petrochemical Project in EgyptSK Engineering & Construction (SK E&C) announced that it obtained an order worth US$3.6 billion from Egypt-based Carbon Holdings to build a petrochemical plant in...
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Hyosung to Enlarge Propylene Plant with Investment of 280 B. Won
Expansion of Propylene ProductionHyosung Corp., a Korean maker of textiles and heavy machinery, announced on December 17 that it held a groundbreaking ceremony and started to enlarge its propylene...
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Will Ordinary Wage Issue Accelerate Exodus of Automakers from Korea?
Ordinary Wage TimebombThe Supreme Court ruled that a regular bonus is considered to be ordinary wages, but money for employee welfare such as vacation bonuses are not, because these are not considered...
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Bank of Korea and KDI Differing Opinions on Possible Deflation
Divided Outlooks on EconomyThe monetary authorities and a state-run research institute of Korea presented opposite predictions as to the possibility of deflation following a long period of low consumer...
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Strike by Railway Workers’ Union Showing No Sign of Settlement
Logistical DisturbanceThe general strike by the Korean Railway Workers’ Union entered its 10th day on December 18, exacerbating passenger and logistics transport problems. The operations of the subways...
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Samsung Electronics Files for Retrial against Additional Compensation Verdict
Continued Patent DisputeSamsung Electronics filed for a retrial against the US court’s November ruling that it pay an additional US$290 million to Apple. German patent blog FOSS Patents reported on...
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Government Pushes Forward World’s First Commercialization of 5G
Era of 5G5G, 1,000 times faster than Long Term Evolution (LTE), will be commercialized by the year 2020.The Ministry of Science, ICT and Future Planning (MSIP) announced on December 17 that it laid out...
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Could Government Pave the Way for Korean Game Firms’ Direct Presence in China?
Independent Presence in Chinese MarketThe Korean government is working to tackle Chinese trade barriers to the gaming industry through the Korea-China FTA.By default, it has not been possible so far...
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“Principle of Good Faith” Likely to Cause Continuing Legal Disputes
Ordinary Wage RulingThe Supreme Court stated on December 18 that wages paid for one’s work are regarded as ordinary wages provided that the payment is made on a “regular, uniform, and fixed basis.” The...
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SK Hynix Considers Upgrading DRAM Plants
Expansion of DRAM ProductionThe previous version of this article incorrectly stated that Hynix would build two new DRAM plants. However, Hynix contacted BusinessKorea to clarify that it has not...
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Indonesia Demands Korean Gov’t Vouch for Automobile Plant Construction Prior...
Korea-Indonesia CEPA in TroubleThe Indonesian government asked the Korean government to officially guarantee the construction of a Hyundai Motor Company plant in Indonesia as one of the conditions for...
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Government Invests 2 Tril. Won in 13 New Industry Engines for Five Upcoming...
13 New Growth EnginesThe Korean government selected 13 new industry engines, including wearable smart devices and self-driving cars, for concentrated R&D support. For five years to come, the...
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KIMM Develops Advanced, Energy-saving Seawater Desalination Technology
New Seawater Desalination TechnologyDoctor Kim Yu-chang’s research team at the Korea Institute of Machinery & Materials (KIMM) developed a new forward osmosis (FO) reverse osmosis (RO) hybrid...
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It’s Time to Go Shopping... in Korea!
Korea Grand Sale 2014With a simple SNS click, get your first-class flight ticket and deluxe suite! Offer valid January and FebruaryKorea’s biggest shopping festival, the Korea Grand Sale 2014, will be...
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Samsung Hires Apple’s Top Designer
Samsung’s CounteroffensiveThe Wall Street Journal (WSJ) reported on December 18 that Samsung has hired Apple’s top designer. According to the WSJ, Samsung hired Tim Gudgel, who has been a key designer...
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Could ChromeOS Become an Alternative to Windows?
Alternative OS to WindowsSamsung Electronics, LG Electronics, Asus, HP, and Dell are rolling out Chrome Operating System (OS)-based PC’s, but the lack of sufficient software support and compatibility...
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What Is This Year’s Top Seller?
Import CarsThis year’s marked increase of import automobiles has been fueled by the strong won and price cuts resulting from the FTA, and sales are rising rapidly at 20 percent. According to the...
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Raising Tensions in Korean Economy
US QE TaperingMany analysts point at Korea’s relatively healthy balance sheet and foreign exchange reserve as the reason that the tapering of quantitative easing (QE) will have little impact, but there...
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