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iPhone 6, iPhone 6+ Korea Online Pre-Orders End in 30 Minutes
Sales ShockKT announced on Oct. 24 that it began taking pre-orders for the iPhone 6 and iPhone 6+ on the same day, and online pre-orders ended 30 minutes later, with 50,000 customers having applied.The...
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Hyundai Motors’ Avante Breaks Sales Records with 10 Million Globally
10,005,032The Avante, a quasi-medium size car of Hyundai Motors, has exceeded the accumulated global sales of 10 million for the first time for a Korean car. The company announced on Oct. 28 that...
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New Apartment in Pyongyang Costs US$100,000
North Korea Real EstateThe Worker’s Party of Korea, the North Korea’s state-owned newspaper, posted a picture of a fancy night view of Pyongyang Changjon Street on the second page of their Sept. 29th...
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Shinhan Bank Peeped into Customer Accounts Even after New President Took Office
Ongoing IllegalityIt has been claimed that Shinhan Bank President Seo Jin-won illegally looked into the accounts of the acquaintances of former Shinhan Financial Group President Shin Sang-hoon, even...
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Korea’s Startup Environment Shows Significant Improvement
Environment for StartupsThe Small and Medium Business Administration announced on Oct. 29 that Korea jumped 17 notches to 17th place between 2013 and 2014 in the business establishment category of the...
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Samsung Falls to 3rd Most Innovative Company This Year
Falling InnovationSamsung, which snatched the runner-up position from Google in BCG’s 2013 global innovation survey, fell to third place this year.On Oct. 28, the Boston Consulting Group released its...
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LG’s Smartphone Business Achieves Best Quarterly Sales in 5 Years
Highest Quarterly PerformanceLG Electronics’ smartphone business has led the company to achieve good performance in the third quarter. On Oct. 29, LG Electronics reported that the third quarter sales...
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Lotte Group Hiring More Former Government Figures than Other Chaebols
Hiring Lobbying PersonnelAccording to the Fair Trade Commission (FTC), a total of 1,215 reports on the violation of the Fair Trade Act were filed between 2009 and the end of September this year against...
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Korea Under Increasing Pressure to Choose between G2 Asia-Pacific Strategies
Squeezed KoreaKorea is at a dilemma between the U.S. vs. China hegemonic rivalry in the Asia-Pacific economic bloc. It is under increasing pressure to choose sides as the G2 countries’ Asia-Pacific...
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Korea’s Business Environment Ranks 5th in the World
For the BetterThe Ministry of Strategy and Finance announced on Oct. 29 that Korea ranked fifth this year on the World Bank Doing Business Index, reaching a new high and joining the top 10 for four...
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Korea Records Current Account Surplus for 31 Consecutive Months
Continuing Trade SurplusKorea recorded a current account surplus of US$7.62 billion last month, increasing the amount of the surplus by US$420 million from the preceding year. The cumulative surplus...
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Suspicions over Unfair Business Practices of Google Mentioned in...
Unfair PracticesSuspicions over Google's unfair business practices and the government's reverse discrimination against local IT companies were mentioned in the ongoing parliamentary audit.“Owing to the...
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Korea Exposes Helplessness in Penetrating Indian Market
No Strategies for Indian MarketAs the Indian economy is receiving a lot of attention with Modinomics, famous for the slogan “Make in India,” the Chinese and Japanese governments are stepping up efforts...
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Korea, LAC Finance Leaders Meet in Busan
IDB-IICIDB-IIC Annual Meeting of the Boards of Governors will be held in BEXCO, Busan from March 26 to 29, 2015. It is being co-hosted by the Ministry of Strategy and Finance and the Inter-American...
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Samsung SDI Fails to Make a Breakthrough, Despite Consolidation with Cheil...
No ResultsSamsung SDI recorded a net current loss of 12.9 billion won (US$12.2 million) in the third quarter along with sales of 1.8918 trillion won (US$1.7908 billion) and operating profits of 26.2...
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Debts on the Rise in Corporate, Household Sectors Alike
Korean Economic LandminesCorporate and household liabilities are posing a threat to the national economy. The government has come up with various policy measures since the beginning of this year to...
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Samsung SDI, Samsung Card, KCC to Sell Their Cheil Industries Shares
For Liquidity or Governance?Samsung SDI, Samsung Card, and KCC decided to sell their Cheil Industries (former Samsung Everland) shares partly in step with the initial public offering of Cheil...
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US Puts an End to Quantitative Easing
Effects on KoreaThe United States stopped its quantitative easing policy, and market participants are paying keen attention to its potential impact on the Korean economy. Experts’ consensus is that...
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LG Display Unveils New Full HD Smartphone Display with 0.7mm Bezels
Credit Card ThicknessLG Display unveiled a new full-HD smartphone display with 0.7 mm bezels, narrower than the thickness of a credit card, taking one step forward in competition for a high-resolution...
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Korean Research Team Develops Cervical Intraepithelial Neoplasia Vaccine
New Cancer VaccineThe Ministry of Science, ICT and Future Planning (MSIP) announced on Oct. 30 that a Korean research team led by Sung Young-chul, professor of the Department of Life Sciences at Pohang...
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