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Korea Smart Card Launches Call Taxi Service in New York, New Jersey
Smart Call TaxiKorea Smart Card announced that it has launched myTown Taxi, which is a mobile call taxi service, in New York and New Jersey in early October. The company set up T-money America, its...
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Hyundai Motor Group Supports Students Applying Their Ideas to Autonomous Cars
Autonomous VehiclesThe finals of The 12th Future Automobile Technology Competition hosted by Hyundai Motor Group were held at the ITS test circuit of Traffic Safety located in Hwaseong-si, Gyeonggi-do...
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Major Korean Companies to Release 28 Trillion Won for Investment
Active InvestmentsSixteen major companies, including Samsung Electronics, will start large-scale investment projects totaling 28.4 trillion won (US$26.6 billion) from the second half of this year until...
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Korean Gov't Finally Getting Rid of ActiveX Security Plugin Requirement in...
IT-Finance ConvergenceThe Financial Services Commission will support financial technology (fintech) companies by simplifying regulations on e-banking, and organizing a cooperation scheme for IT and...
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Tech to Drastically Reduce the Manufacturing Costs of Solar Cells Developed
Solar Cell TechThe Korea Institute of Energy Research (KIER) announced on Oct. 6 that its research team successfully developed a new method to cut manufacturing costs in half while maintaining the...
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Success in Creating Induced Pluripotent Stem Cells
Customized Stem CellsA Korean research team is the first to succeed in creating Induced Pluripotent Stem Cells (iPSCs), which do not cause cancer, through electromagnetic radiation. This is a...
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Amount of Foreign Exchange Reserves Decreases by US$3.1 billion in September
Super DollarThe amount of foreign exchange reserves declined by the largest amount ever in two years and four months as the dollar-converted amount of Japanese yen, euro and British pound decreased due...
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New Tourism Products Must be Developed for Chinese Tourists
Chinese Tourist SatisfactionChinese tourists are the most attractive customers for the Korean tourism industry. Korea is the largest tourist destination for them, too. Still, some of them are feeling...
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Home CCTV Market Heating Up
Home Networking CompetitionAn increasing number of companies are focusing on the home CCTV market with the number of double-income couples and single-person households on the rise. Kids, pets and...
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Samsung Electronics Not Hurrying in 3D Printer Business
3D Printer ValueSamsung Electronics decided not to start the 3D printer business in the next 10 years.According to industry sources, Samsung Electronics is regarding 3D printers for domestic use as...
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Samsung Display, LG Display Compete in OLED Market with Different Strategies
Final WinnerSamsung Display is concentrating on small flexible OLED panels, while LG Display is going with large OLED panels for TV use. Much attention is being paid to which one will be the winner of...
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Social Commerce Companies Drowning in Red Ink
Mired in DeficitsKorean social commerce sites like TMON and Wemakeprice are suffering from operating losses each year. The main reason is that they are conducting cutthroat competition against each...
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Korea, Cote d'Ivoire Sign MOU for Economic Cooperation Including US$3.4...
Ivory SummitPresident Park Geun-hye met with Cote d'Ivoire President Alassane Ouattara in Seoul on Oct. 7, asking for assistance and cooperation for Korean companies’ US$3.4 billion SOC projects in...
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Images of Galaxy A3, A5 Revealed
New GalaxyPictures of Samsung Electronics' mid to low-range phones Galaxy A3 and A5 were revealed by Android Mexico. These products are scheduled to be released next month and sell for about US$400 per...
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Samsung Electronics’ Sales, Profits Dropped for 2 Consecutive Quarters
Samsung of CrisesSamsung Electronics’ operating profits for the third quarter of this year dropped to 4.1 trillion won (US$3.8 billion), which is a three-year low. Quarterly sales plummeted by over 20...
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Signs of Discord Seen between Two Leaders of Korean Economy
Policy DiscordDeputy Prime Minister Choi Kyung-hwan and Bank of Korea Governor Lee Ju-yeol are showing signs of discord in economic policy management. The former is pushing for an additional key rate...
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Additional Letters of Intent to Buy Pantech to be Received
Rough SaleSamjong KPMG, which is in charge of the sale of Pantech, is going to accept additional letters of intent to take over the handset maker, which filed for court receivership.“The deadline for a...
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Milk Music, KakaoPay, Telegram Shake IT Market Owing to Deregulations
Deregulation EffectsMilk Music, KakaoPay, and Telegram emerged as mobile services that can attract hundreds of thousands or even millions of subscribers in the blink of an eye. Users are flocking to...
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Korean Venture Capitalist Invests 2 Billion Won in Bitcoin Start-up
Investment in BitcoinK-CUBE Ventures, an investment firm specializing in start-ups, announced on Oct. 7 that it invested 2 billion won (US$1.8 million) in Bitcoin start-up Devign Lab.Devign Lab...
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Chic Editor of Billboard Mentions Qualitative Change of K-Pop
Advice to K-Pop “Half of the top ten news reported by The Hollywood Reporter (THR) is related to K-Pop. The world is getting more and more interested in Hallyu content.”Janice Min, co-president of THR,...
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