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Galaxy A5 to Target Chinese Mid to Low-end Market
New Racehorse in ChinaThe first images of Samsung Electronics' Galaxy A5 have been leaked. The Korean tech giant is planning to accelerate the launch of a new offensive to dominate the mid-range and...
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Korean Research Team Develops Nanoscale Auxiliary Electrodes for Displays
Luminescence TechThe Ministry of Education and the National Research Foundation (NRF) announced on Sept. 22 that a research team led by Joo Byung-kwon and Park Young-wook, professors at the School of...
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5 Aviation Techs Localized to Give 32.8 Billion Won of Import Substitution...
Aviation TechnologySince its establishment in 2013, the Innovation Center for the Convergence of Aviation and IT has successfully localized five technologies and commercialized three techniques. Thanks...
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Canada’s Shale Gas Technology to be Shared with Korea
Energy Tech CooperationCanada will transfer its advanced shale gas and oil sand development techniques to Korea. At the same time, Korea and Canada will carry out geological surveys and share research...
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Korea’s Suicide Rate Increased Last Year; More than Twice OECD Average
Dark SideIt has been found that 39.5 Koreans killed themselves per day on average last year. In particular, suicide was the leading cause of death for those in their teens to 30s.Specifically, a total...
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Labor Union of Hyundai Heavy Industries Poised to Go on Strike
First Strike in 20 Years?The labor union of Hyundai Heavy Industries is expected to take its first strike in 20 years. The union will vote on the strike from Sept. 23 to 26.The National Labor Relations...
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10 Million iPhone 6, iPhone 6 Pluses Sold during First Weekend
Record SalesApple sold more than 10 million units of the iPhone 6 and iPhone 6 Plus worldwide during the first weekend after the launch, achieving its highest-ever first weekend result. “The sales of...
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Subscribers of Bank Wallet Kakao Exceed 500,000
Explosive SubscriptionOn Sept. 23, Kakao announced that the number of KakaoPay subscribers have exceeded 500,000 people, only 19 days after the launch of its mobile payment service.As a KakaoTalk...
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KakaoTalk Stock Trading Service Coming Soon
Evolving Social TradingSocial trading, stock trading linked with social networking services (SNS), is evolving. A stock trading service via the Stock Plus for the Kakao application started in August,...
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Naver Gives up Listing LINE within the Year
Naver’s IntentionNaver, the company behind messaging app LINE, has announced that it will not list LINE on the stock exchange within the year. So, there is a lot of speculation for the reason why the...
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15 Trillion Won Evaporated This Year
Shipbuilding Industry CrisisThe aggregate market value of Korean shipbuilders, which are struggling in the middle of the recent decline in the number of new orders, has decreased by close to 15...
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Samsung Electronics’ Poor Performance Raising Concerns over Entire Local...
KOSPI CrisisThe Samsung Electronics share price hit a record low in 26 months with its operating sales for the third quarter of this year estimated at below 5 trillion won (US$4.8 billion). Securities...
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DSME Holds Ice Bucket Challenge with Business Partners
Cold IceDaewoo Shipbuilding & Marine Engineering (DSME) held the DSME Ice Bucket Challenge event on Sept. 18. Jointly planned by the ordering bodies and DSME, the event was joined by DSME...
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Korea Ranks among Top 12 Countries in Internet Penetration Rate
IT PowerOn Sept. 22 (local time), the Daily Mail reported on an Internet user map that was made public. The map that contains information about the number of Internet users and Internet penetration...
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Decreased Investment in ICT Manufacturing Creates Worries about Losing Growth...
Dark ShadowsA noticeable decrease in investment is casting dark shadows on growth prospects for local ICT manufacturers and electric, mechanical, and equipment companies. In the past, those companies...
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Samsung Fell to #4 Smartphone Maker in China in August
Crisis in ChinaChinese smartphone vendors are increasing their global market share at an alarming rate.According to sources in the financial investment industry on Sept. 24, four Chinese companies –...
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Pantech Announces Sale of Its Business
Pantech SelloffPantech, which filed for court receivership, announced the disposal of its business on Sept. 24.As the Seoul Central District Court recently approved an application form to announce the...
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Ultra-strong Super Fiber Developed for Diverse Applications
Superstrong FiberHanyang University professor Kim Sun-jung’s research team has developed a graphene-carbon nanotube hybrid fiber that is at least 12 times stronger and more flexible than general...
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Korean Companies Come Back Home from Overseas Operations
Operational U-turnTwelve Korean companies that are doing business abroad signed an investment agreement with five local governments in Korea on Sept. 24 to return to their home country. According to...
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Caffe Bene Starts Business in Downtown Ho Chi Minh City
Overseas AdventureCaffe Bene (CEO Kim Sun-kwon) opened its first cafeteria in Vietnam in the Dong Khoi Street, one of the busiest streets in Ho Chi Minh City.The opening ceremony was attended by the...
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