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Foreign Capital Focusing on M&A Targets in Korean Financial Industry
M&As of Financial FirmsThe Fosun Group of China has shown much interest in the acquisition of Korean financial firms like Hyundai Securities and KDB Life Insurance.An increasing number of foreign...
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Government Nurtures Biotech Venture Firms in Cooperation with US NIH
Biotech Promotion The Ministry of Science, ICT and Future Planning announced on Sept. 16 that it selected 25 future leaders to participate in the Korea-U.S. Biotechnology Creative Economy Leader...
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Consolidation of Hana Bank, KEB Stalled
Unintended SnagThe plan for the earlier-than-scheduled consolidation between Hana Bank and the Korea Exchange Bank (KEB) is going awry, as the latter’s management is looking to punish 898 union members...
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Microsoft Seeks Position of Strength in Patent Fee Negotiations with Samsung, LG
Voluntary Corrective MeasureMuch attention is being paid to the reason behind Microsoft's sudden decision to carry out a “Consent Decision” procedure as the Korea Fair Trade Commission (FTC) is about...
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Tencent, Alibaba Compete for Investment in Korean, Chinese Markets
Investment CompetitionThe business expansion of China's two big Internet companies are having dramatic implications for the related industries in China and Korea.According to industry sources on Sept....
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Korea, China, Russia, Mongolia to Create Economic Cooperation Organization in...
Greater Tumen InitiativeKorea, China, Russia, and Mongolia have agreed to form an international organization for economic cooperation within the region of Northeast Asia. Accordingly, at the next...
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Unification of Korea to Create US$200 Billion of Economic Effects for...
Effects of UnificationMinister of Unification Ryu Gil-jae delivered a congratulatory speech at the international seminar for “analyzing benefits and costs of Korean unification for four surrounding...
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Government Connects Foreign Manpower Policies to Employment Rate Enhancement
Foreign Manpower PolicyLee Ki-kwon, minister of Employment and Labor, announced the ministry's intent to find solutions for a manpower shortage of small and medium-sized companies by connecting the...
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Samsung, Hyundai Motor, SK, LG Created Added Value of 140.2 Trillion Won Last...
Big Four ChaebolsThe added value created from the four big groups, Samsung, Hyundai Motor, SK, and LG, was 140.2 trillion won (US$134 billion) last year, which accounted for 9.7 percent of GDP. The...
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Pursuing Integrated Service Business Model for Incheon to be Korea’s Growth...
Mayor with a DreamA dreamer boy, who lived in a small town in Incheon, has returned home to serve its citizens as the mayor of the city. The boy is Yoo Jeong-bok, who was elected the Mayor of Incheon...
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Dreams of 4.5 Billion Becoming One Asia
2014 Incheon Asian GamesThe Incheon Asian Games kick off today, Sept. 19. Incheon City is focusing on overseas marketing and public relations with the opening around the corner.The Incheon Asian Games...
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Interview with Mayor of Flowering Center of Culture in Asia
Gwangju ACE FairBusinessKorea sat down with Park Chan-jun, director of this year's Gwangju ACE Fair, to speak about the cultural renaissance that Gwangju is fostering and its impact upon the rest of...
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1.8 Trillion Won Garolim Tidal Power Project on Verge of Suspension
Tidal PowerThe results of an environmental impact study that Garolim Tidal Power Plant Co., Ltd submitted will come out soon, but it is already causing controversy.Garolim Tidal Power resubmitted its...
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Line Promotes Products of Korean Small, Medium Companies in Thailand
Strong SME SupporterAn event took place to promote the sale of products made by Korean small and medium-sized enterprises (SMEs) in Thailand through its messaging app LINE, which is rapidly growing in...
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Google's Mobile OS Monopoly Encouraged by Reverse Discrimination
Concern over MonopolyAn increasing number of people are voicing their opinions that the main reason for Google's monopoly in the local ICT industry is the government's reverse discrimination against...
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Yozma Group, One Asia Investment Partners Cooperate to Set Up Venture Hub in...
New Venture HubThe Yozma Group signed an MOU on Sept. 18 with One Asia Investment Partners, a Singaporean asset management company, for joint investment and start-up support in emerging Asian countries...
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Orion Confectionery’s Sales Skyrocketing in Chinese Market
Success of LocalizationOrion is doing very successful business in China based on thorough localization. These days, its products are highly popular at not only big-box retailers but also neighborhood...
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Hyundai Motor Group’s Land Purchase Backfires in Stock Market
Unpopular DecisionHyundai Motor Group Chairman Chung Mong-koo is very satisfied with the group’s purchase of the Korea Electric Power Corporation (KEPCO) site in Samsung-dong, despite the high...
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Korean Oil Refining Companies Looking Forward to Import of U.S. Crude Oil
Import DiversificationKorean oil refining companies are trying to import more crude oil from the US to diversify their sources and move away from the Middle East.GS Caltex is about to finish the...
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Samsung Might Release Tizen Phones in India in November
Another Possible TrialAn executive at an overseas subsidiary of Samsung revealed that a new smartphone running the Tizen operating system (OS) will be rolled out in India. The Tizen OS, a new OS for...
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