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Samsung Electronics Wins Back First Place in LTE Phone Market in Q2
Global LTE MarketSamsung Electronics regained the top spot in the global LTE mobile phone market. According to market research firm Strategy Analytics, Samsung Electronics sold 28.6 million LTE...
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Kaesong Industrial Complex Suffering from Insufficient Workers with North...
Labor ShortageA year has passed since Kaesong Industrial Complex restarted. Although the Complex escaped from the worst crisis of the cutoff of economic cooperation between South Korea and North Korea,...
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Auto Black Box Makers Eye Overseas Markets
Market SaturationThe auto black box market, which used to be easy for start-ups to enter, appears to be in the doldrums. The market seems to be entering its adulthood, as a large number of companies...
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Inflation Rate Below 2% for 21 Consecutive Months
Omen of DeflationLow prices are continuing to raise the possibility of deflation in Korea. According to the OECD and Statistics Korea, the consumer price inflation rate has remained below 2 percent for...
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Textile Industrial Complex Dedicated to Korean Enterprises to be Built in...
Vietnamese Love LetterThe Vietnamese government is planning to build an industrial complex dedicated to Korean textile companies ranging from fashion clothes manufacturers and vendors to yarn and...
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KOICA Launches e-Government ODA Projects in Eight Countries
ODA ProjectsThe Korea International Cooperation Agency (KOICA) announced on August 24 that e-government official development assistance (ODA) projects are launched between this month and October in...
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Samsung Electronics to Soon Unveil Virtual Reality Headset
Virtual Reality HeadsetSamsung Electronics’ virtual reality (VR) headset, the Gear VR, has received its telecommunication equipment certification in Korea. The company is expected to unveil the product...
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Koreans Work Second-longest Hours in OECD
Working HoursIt has been found that Koreans work 393 hours more per year than their counterparts in the OECD member countries on average. The length of working hours is approximately 1.6 times that of...
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Korea, Vietnam Sign Provisional Amendment to Double Tax Avoidance Agreement
International TaxThe Ministry of Strategy and Finance announced on August 25 that the Korean and Vietnamese governments provisionally signed a revised double tax avoidance agreement during the fourth...
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SK E&C Solely Signs 2.6 Trillion Won Canada Oil Sands Plant Construction...
Overseas Contract JackpotSK E&C has solely won a deal for the largest oil sands plant construction project worldwide in Canada.Sk E&C announced on August 25 the conclusion of the official...
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Apple Increases Use of Samsung DRAM Despite Patent Disputes
No ChoiceApple needs Samsung again. Apple has been decreasing the use of Samsung components due to patent disputes that have been lasting for three years, but has recently increased the purchase of...
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Amount of Unfair Patent Penalties against Korean Companies Skyrocketing
Unfair Patent PenaltiesKorean companies are paying foreign tech firms hundreds of billions of won in penalties a year due to unfair patent license agreements. Experts point out that the awareness of...
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K-OTC Kicked Off to a Good Start
Trading Unlisted SharesThe Korea Financial Investment Association (KOFIA) Over-the-Counter Market recorded 177.923 million shares in trading volume and 353.02 million won in trading amount on its first...
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Telecommunication Charges Getting Lower after Deregulation
Regulation ParadoxDeregulations over leading players in the telecommunication market, including SK Telecom, will trigger positive effects such as lowered telecommunications charges and better service...
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Korean Industry Demanding Measures against Patent Offensives by Nokia, Microsoft
Defensive StanceThe local electronics industry is demanding stricter conditions for the approval of Microsoft's purchase of Nokia by the Korea Fair Trade Commission (FTC). The demand is attributable to...
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Korean Research Team Develops Tech to Make ECR Ion Source Device
Heavy Ion AcceleratorA Korean research team has successfully developed an electron cyclotron resonance (ECR) ion source device, paving the way for heavy ion accelerators. As a result, the localization...
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Samsung Losing Grip on Local Compact Camera Market to Sony
Losing #1 PositionSamsung Electronics' camera business is reportedly struggling, as shown by the fact that it lost its top spot in the Korean compact camera market for the first time in nine years....
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Korean Research Team Develops Core Chip to Prevent Multi-vehicle Collisions
Accident Prevention TechA Korean research team has successfully developed a method to can prevent large-scale chain-reaction car crashes by generating warning messages when vehicles in front suddenly...
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KakaoTalk Stock Trading Available for iPhone Next Month
Stock Trading via SNSFrom mid-September, iPhone users can trade stocks through Stock Plus for Kakao, a stock-trading app linked to KakaoTalk.As KakaoTalk stock trading services, which are integrated...
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Retirement Pension Fund Managed by Companies to be Introduced
Private PensionsAll employees of companies with more than 300 of them are required to be registered for a retirement pension by 2016, and this will be expanded to all companies by 2024. Retirement...
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