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Renault Samsung Motors Develops Magnesium Sheets for Vehicles
Magnesium MaterialsRenault Samsung Motors announced on August 28 that they succeeded in developing magnesium-based sheet metal for vehicles together with POSCO, and will be the first car company in the...
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Korea Emerging as a Strong Patent Country for Medicines
Medical Patent PowerKorea is becoming a strong patent country for medicine and medical supplies.The number of patent applications for medicine and medical supplies is decreasing in many countries...
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Airfares in Korea 14th Most Expensive
Airfare ComparisonsAirfares in Korea are the 14th most expensive among 51 countries around the globe.The Wall Street Journal analyzed the transportation price index of 51 countries worldwide done by...
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Korean Won Steadily Appreciating against Dollar, Yen
Forex MarketAs the expectations about additional economic stimulation, or quantitative easing, of the European Central Bank (ECB) has lowered, this effect is reflected in Korea's foreign exchange...
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Facebook Stops Providing Gaming Service in Response to Government's Demand...
Facebook's ArroganceFacebook is at loggerheads with the Korean government over the classification of games on its web site and Facebook-connected mobile games. In response to the government' demand for...
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Exports Step Backwards in August for 1st Time in 3 Months
International TradeDue to partial strikes of the automobile industry including Hyundai-Kia Motor, exports declined last month.The Ministry of Trade, Industry and Energy announced on Sept. 1 that...
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Expansion of uberX, Business with Private Automobiles, Just a Matter of Time
Uber TaxiThe Ministry of Land, Infrastructure and Transport requested the city of Seoul to intensively control uberX on August 29, by insisting that this service is violating the current Passenger...
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LG Display Completes LCD Panel Plant in Guangzhou, China
8.5-gen LCD PanelsLG Display has completed and started producing from its first overseas LCD panel manufacturing facility. The industry cluster covering the production of panels, modules, and finished...
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DSME, Samsung Heavy Struggling for Second Spot in Global Shipbuilding Sector
Neck-and-neck CompetitionDaewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries are vying fiercely for the second spot in the global shipbuilding market, while Hyundai Heavy...
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Samsung to Invest 10 Trillion Won in Future Growth Engines
Huge Regional InvestmentSamsung Electronics' investment in future growth engines will swing into high gear.Samsung is going to inject at least 10 trillion won (US$9.8 billion) into the Godeok...
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Unlimited Number of Movies, Dramas Available on Mobile Devices with Small Money
Olleh TV MobileOn Sept. 1, KT Media Hub announced that it has released a “prime movie pack” on Olleh TV Mobile. It is now possible to watch 10,000 movies and drama series via mobile devices.The prime...
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Samsung Heavy Industries Merging with Samsung Engineering
Restructuring AcceleratedSamsung Heavy Industries and Samsung Engineering are merging to become a super-large plant company. The merger is expected to mark the end of the subsidiary reorganization of...
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Korean Robots to Invade America Next Month, Heading Straight for the Elderly
Unstoppable InvasionOn Oct. 8 of this year, Korean robots will invade the U.S, ruthlessly hunting down delicious meals and then hand-delivering them to elderly Americans in a joint commercial test...
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Samsung’s Vietnam Project Making Rapid Progress, Including Shipyard Construction
Global Strategy TestbedSamsung Heavy Industries recently sent its staff to Vietnam in preparation for the construction of a new shipyard.The company is planning to build a dockyard in the Khanh Hoa...
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SK Group’s Heiress Joins the Navy
Noblesse ObligeChey Min-jeong, the second daughter of Chey Tae-won, CEO of the SK Group, has been selected as a military cadet in the Navy. This is the first time for a woman from a “chaebol family” to...
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Security Threat to Cloud Environment Surfacing
Cloud VulnerabilitiesAn increasing number of experts are voicing their opinions that a thorough investigation and full preparation for security threats are needed when changing existing IT...
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SK Hynix Develops 4x Faster Next-gen Mobile DRAM
Next-gen Mobile DRAMSK Hynix announced on Sept. 3 that it has succeeded in the development of the industry's fastest mobile DRAM chip, dubbed the Wide IO2 mobile DRAM.The newly-developed model is one...
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Healthcare Information Technologies Performing Very Well in Overseas Markets
Healthcare TechThe healthcare IT of Korea has expanded to global markets such as the Middle East, Asia, and Africa, and is performing very well overseas. Especially since the number of the cases in...
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World Economic Forum Ranks Korea 26th, Lowest in 10 Years
National CompetitivenessKorea was ranked at 26th place at the Global Competitiveness Report 2014 by the World Economic Forum (WEF), one level lower from the previous year.Especially, the rank of the...
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BASF Speeds Up Flexible Semiconductor R&D in Korea
Strong Presence in KoreaBASF has set up an R&D center in Korea to work on semiconductor and display products for flexible devices. The company is planning to come up with first-generation flexible...
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