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Korea’s Trade Conditions Show Improvement After Five Months
Trade ConditionsTrade conditions have improved for the first time in five months for Korea, as the recent decline in international oil prices caused the import price to fall more than the export...
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Koreans Want UN Secretary General as Next President
Potential Presidential CandidatesFigures outside the Assembly are increasing their presence for the next Presidential election. The people’s increasing interest in them is mainly because of their...
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M&As in Securities Industry Showing No Progress
Slow Financial M&AsThe disposal of major securities companies such as Hyundai Securities and KDB Daewoo Securities, as well as that of minor firms, are taking more time than expected, despite the...
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Conclusion of TPP on the Horizon
Trans Pacific PartnershipU.S. Secretary of Commerce Penny Pritzker said on Oct. 23 that the conclusion of the Trans-Pacific Partnership (TPP) is around the corner. She said so at a luncheon meeting...
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Foreign Companies Stiffening Offensives in Local Industrial Robot Market
Industrial RobotsForeign companies are expected to accelerate their offensives in the local industrial robot market. European companies are targeting the South Korean robotics market, where 10,000...
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South Korea on Top in Economic Sector, but Middle in Labor, Social Sector
Unbalanced GrowthSouth Korea showed top-level global competitiveness in manufacturing and trade, but indexes in labor and the social sectors were at a significantly lower level compared to developed...
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State-owned Energy Companies Keep Spending Money on Unprofitable Overseas...
Unwise InvestmentsThe Korea National Oil Corporation (KNOC) and the Korea Gas Corporation (KOGAS), Korea's state-run energy development companies, are planning to invest 4.28 trillion won (US$4.06...
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Deputy Prime Minister Denies Responsibility for Takeover of Harvest
Harvest ScandalDeputy Prime Minister and Minister of Strategy and Finance Choi Kyung-hwan said on Oct. 24 that he had received no reports at all from former Korea National Oil Corporation (KNOC)...
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State-owned Energy Companies to Sell Overseas Assets Worth 6.3 Trillion Won
Losing BusinessesDemocratic United Party lawmaker Baek Jae-hyun, who is a member of the Trade, Industry and Energy Committee of the National Assembly, said on Oct. 26 that six state-run energy...
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Imported Cigarettes Shunned by Consumers in Korean Market
Bumpy Road AheadImported cigarettes are losing ground in the Korean market due to the price hike last year, and the non-smoking trend of those in their 20s and 30s. According to the Korea Tobacco...
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Apple Continues to Neglect Korean Customers
Apple’s ArroganceApple is continuing to keep its investment in Korea to a minimum, despite Korean consumers’ enthusiasm for the iPhone 6 and iPhone 6 Plus.Apple announced on Oct. 26 that it is going to...
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Hyundai Motor Group Fares Better than Expected in Q3
Pretty GoodThe Hyundai Motor Group succeeded in recording a 9 percent global market share in the third quarter of this year in spite of the appreciation of the won and its strike.According to industry...
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Samsung Electronics’ New Businesses Falling Like Dominoes
IT Giant DegradationSamsung Electronics recently told its clients in North America and Europe that it will shut down its LED business in these regions.The company has maintained its overseas LED sales...
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Copied Feasibility Study Loses Korea Exchange Millions in Laos Investment
Pathetic ConductThe Korea Exchange’s feasibility study report for its investment in the Laos Stock Exchange was completely copied from a Cambodian report. This misinformation has cost the Korea...
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Samsung Electronics Vice Chairman Purchases Shares of Samsung Group’s...
New Management PreparationsSamsung Electronics Vice Chairman Lee Jae-yong is looking to acquire shares of Samsung Life Insurance and Samsung Fire & Marine Insurance.Industry experts and the...
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Domestic Car Market Losing Growth Momentum
Local Market SaturatedAccording to LMC Automotive’s recent report, the global car sales volume is estimated to reach 86.47 million units this year to record a 2.4 percent year-on-year growth. It is...
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Number of Temporary Workers Breaks 6 Million Mark
Increasing Temporary WorkersThe number of temporary workers in Korea has exceeded six million, but their pay and working conditions are showing few signs of improvement.According to the government’s...
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Major Korean, Japanese Financial Firms Cooperate for Kazakh Power Generation
Kazakhstan Energy ProjectSamsung Securities and Mizuho Bank are working together for the Balkhash Coal-fired Power Plant Project in Kazakhstan. The goal of the project is for Samsung C&T to supply...
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Government to Run 11 Problem-Solving Task Forces
Creative Economy RevitalizationThe Ministry of Science, ICT and Future Planning (MSIP) announced on Oct. 28 that it will operate 11 problem-solving task forces to revitalize the creative economy and...
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Political Circles Supporting Requests by Terrestrial Broadcasters
Wavering Frequency Band PolicyWith the parliamentary audit already kicking off, an increasing number of people mainly in political circles are calling for classifying the 40 MHz band in the 700 MHz...
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