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Real-time Information on Bitcoin Market to Be Available Online in Korea
Bitcoin TradeA system where buyers and sellers can check the trading volume and closing price of bitcoins in real time will be made public in Korea. According to sources in the financial industry on...
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Korea to Revise Wireless Charging Technology Standards
Wireless ChargingThe National Radio Research Agency (RRA) announced on December 23 that it will revise the standards for equipment that use radio waves on December 24. The RRA said that the revision...
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114.6 Bil. Won Fine Imposed on Foreign Auto Parts Makers for Price-fixing
Foreign FinesThe Korea Fair Trade Commission (FTC), the country’s anti-trust regulator, announced on December 23 that it imposed fines worth 114.6 billion won (US$108.0 million) on local units of...
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Will Galaxy Gear 2 Appear at CES 2014?
CES 2014Samsung and LG Electronics will unveil their products at CES 2014, the world’s largest consumer electronics show in Las Vegas, Nevada from January 7 to 10.Apparently, the possibility that...
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Ban on Cross-share Holdings Expected to Be Enacted Soon
Cross-share HoldingsIt seems that the law banning cross-share holdings, which was not expected to pass the National Assembly before the end of this year, will be able to make it through the National...
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Seoul City to Build Korean Traditional Music Hall Near Donhwa Gate
New Traditional Music HallThe Seoul Metropolitan Government said on December 23 that it will build a music hall specifically dedicated to performing Korean traditional music at a site across from...
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Facebook Considering Building IDC in Korea, Facing Hurdles
Facebook in KoreaFacebook Asia is reportedly conducting a review to build its Asia Internet Data Center, or IDC, to accommodate its rapidly-increasing number of Asian users. According to industry...
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Apple Taking Swing at Samsung with China Mobile
Alliance with ChinaApple will enter the world’s biggest market for mobile telephony, China, with the aid of China Mobile. Apple will duke it out with Samsung’s latest LTE phones, which are scheduled...
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New Malignant Code Infecting PCs and Android Devices
Warning of Malignant CodeESTsoft, a Korean application software development company, announced on December 24 that it discovered a new piece of malignant code that infects both computers and Android...
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Korea to Build Ecosystem for R&D Cooperation
Nurturing of Bio-refineryExperts from the biochemical industry and research centers will construct an ecosystem for open R&D cooperation to foster the biomass-based biochemical industry. The Korea...
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LG Develops “Home Chat” Service via Smartphone
Developing IoT PlatformIt will soon be possible to control and monitor household appliances by chatting.LG Electronics announced on December 25 that it has successfully developed the Home Chat service...
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Policy Loans for Overseas Infrastructure Development Will Increase to 400...
Global Infrastructure FundThe Ministry of Land, Infrastructure and Transport (MOLIT) announced on December 25 that it is scheduled to finalize an agreement on December 26 between policy-oriented...
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Korea’s Steel Exports Dropped This Year
Steel IndustryIt has been found that Korea’s steel exports decreased this year, for the first time in four years, along with the domestic demand. The Korea Iron & Steel Association announced on...
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Record High Amount of Foreign Currency Bonds Maturing in 2014
Foreign BondsIt has been found that US$30.7 billion worth of foreign currency-denominated bonds issued by Korea reach maturity next year. The amount is the largest in history. Under the circumstances,...
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Growing to Over 30 Tril. Won amid Absence of Strategic Investors
Explosive M&A MarketThe local M&A market is growing explosively as mid-sized conglomerates put their subsidiaries on sale due to liquidity risks, and the government accelerates the disposal of...
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Global Internet Giants Make Huge Profits, Ungrateful
Trifling Social ContributionsPublic discontent and a critical voice are growing, directed at global Internet companies such as Facebook and Twitter, which are enjoying mounting profits in Korea but are...
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Imported Cosmetics Prices to Increase, Leading to Domestic Brands Price Hikes
Cosmetics PricesAmid the recent increase in food prices, prices of imported cosmetics will also rise from January next year. The phenomenon is likely to affect the price of local cosmetics brands, and...
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Sony, Panasonic Halt Joint Development of Large OLED TVs
Japanese TV AllianceThe Wall Street Journal (WSJ) reported on December 25 (local time) that Sony and Panasonic have decided to call off their alliance in technology for OLED panels for large-screen TVs...
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Supercomputers Employed for Personalized Cancer Treatments
Int’l Cooperation in Genome ResearchAn international cooperation system for cancer genome research has been set up for personalized cancer treatment, prediction, and prevention. The National Institute...
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Biomedical Firms Yield Good Results This Year
KOSDAQ IPO MarketIt has been found that the biomedical companies listed on the KOSDAQ market this year enjoyed a significant gain in average stock price in contrast to semiconductor...
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