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Will Samsung Electronics Play Semiconductor Chicken for a 3rd Time?
Semiconductor ChickenThe global memory semiconductor market, which has been restructured into an oligopoly through two games of chicken, might break down. Samsung Electronics, currently going through...
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Crude Oil from Africa Surging to Decrease Dependency on Middle East
Oil Import DiversificationAfrican crude oil accounted for 2.55 percent of Korea’s imports as of June this year, jumping up from 0.88 percent last year.Imports of African crude oil are surging. Imports...
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Pope Francis Leaves Deep Resonance in Korean Society
100 Hours StayPope Francis’ visit to Korea left a lasting resonance in the country. The public is asking the leaders of society to change themselves to follow the example of the pope. The voice calling...
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Major Labor Unions Still Nursing Anachronistic Idea of Job Inheritance
Retrograde ThinkingAutomakers’ labor unions are pushing ahead with their strike plans in spite of the ongoing economic recession, and some unions of major companies are even going so far as to demand...
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Samsung Builds Mobile Phone Factory in Indonesia to Compete against...
Securing Price CompetitivenessSamsung Electronics is building a mobile phone manufacturing plant in Indonesia in a bid to improve its price competitiveness by expanding overseas production and better...
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No Educational Institution Left Behind
Disrupting EducationEducational institutions of all levels are facing unprecedented challenges in responding to disruptive innovation in the education sector. At this point, we’re still only at the...
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GE Participates in KF-X Project
Jet ProjectGE Korea President Kang Sung-wook said on August 21 that his company will share its expertise in the aviation industry with the Korean government and enterprises so as to lead the growth of...
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Chinese IT Giants Adding 1.3 Billion People to the Internet
Creation from ImitationIt is hard to find anyone who reads newspapers or books at subway stations, airport terminals, and train stations in Beijing, China. Even employees over the age of 50 play games,...
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Nanomissile Developed to Cure Liver Cancer
Nano Medical TechnologyHyeon Taek-hwan, director of the Center for Nanoparticle Research at the Institute for Basic Science, announced on August 21 that his research team newly discovered triptolide,...
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SK Hynix Begins to Mass Produce NAND Flash Memory in China
New NAND ProductionSK Hynix's factory that assembles semiconductor chips in Chongqing, China, has commenced full operations. As a result, it will be possible to process an increasing number of products...
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GM Korea Leaves Renault Behind, Chasing Kia Motors on Strike
Competitive AdvantageGM Korea is aiming to catch the reflected benefits from a strike at a competing company. In particular, GM Korea has a strategy to boost sales by launching four vehicle types...
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Decoupling Exacerbating Global Economic Instability
Decoupling EconomyThe global economy is becoming more and more unstable due to the ongoing decoupling between major economic blocs. The United States and Britain are recovering at a...
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Samsung, LG Electronics to Launch 10 Mass Market Smartphones This Year
CountermeasuresIt is expected that Samsung Electronics and LG Electronics will release an increasing number of derivative smartphone models in the latter half of this year.In Korea, the Terminal...
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New Type of Solar Cell Developed for Wearable Devices
Woven Solar CellsThe Korea Electrotechnology Research Institute announced on August 21 that Dr. Cha Seung-il and Dr. Lee Dong-yoon at the Nano Convergence Technology Research Center have developed a...
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Personal Information Protection Act Deterring Growth of Big Data Sector
Obstacles to Big DataInformation and communications technology (ICT) industry experts point out that the Personal Information Protection Act is hindering the development of the big data industry and...
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Constant Hacking Leads to Making Fakes in China in Just One Day
China’s Easy ImitationSouth Korea is receiving cyber threats to the extent that the county is in the runner-up position after the U.S. The main reason behind this phenomenon is drawing a lot of...
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LG Display to Supply Flexible OLED Displays for iPhone 6, iWatch
Alliance with AppleLG Display is expected to greatly increase total shipments of flexible OLED displays this year, thanks to the launch of Apple's iWatch.According to market research firm...
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Subscribers of LINE Expanding Globally Towards 500 Million
Challenge to Global PlatformKorean messaging app Line is likely to see its total subscribers surpass 500 million much sooner than expected. Initially, the figure was believed to be achievable by the...
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Partial Service Normalization of Line, Kakaotalk in China No Thanks to...
Banned MessengersAfter two months in which people in China were unable to access the full features of Korean messaging apps KakaoTalk and Line, most services have reportedly been brought back online,...
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LG, Samsung’s TVs Praised, but Don’t Sell
Meaningless PraiseNew York-based consumer electronics retailer Value Electronics invited experts last weekend to evaluate new TV products from Samsung Electronics, LG Electronics, and Sony.The contest,...
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