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Samsung, LG Show Contrasting Performances in Third Quarter
China FactorLG Electronics succeeded in boosting its profits in the global smartphone market in the third quarter, while Samsung Electronics’ plummeted. LG’s sales are much higher than Samsung’s, but...
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Mobile Web Content Market Shows Sharp Growth
Changing PlatformAccording to industry sources on Oct. 29, the mobile platform is emerging as a new content distribution channel, replacing traditional content distribution platforms.Videos are...
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Hyundai Motors Launches New Model, Aslan, Targeting 22,000 Sales Units Next Year
Lion SedanHyundai Motors launched the Aslan to compete with imported luxury cars.On Oct. 30, Hyundai held an Aslan launching event at Dongdaemun Design Plaza in Seoul. The company plans to sell 6,000...
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Consumer Damage from Foreign Airlines Increase Every Year
Get What You Pay ForThere are increasing amounts of complaints related to the service of foreign airlines.On Oct. 30, the Korea Consumer Agency reported that complaints related to airline services had...
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Aslan’s Fuel Economy Lower than Expected
Repeated ControversyHyundai Motor Company released the Aslan on Oct. 30. Not a few consumers, however, are dissatisfied with its fuel economy and design.The Aslan is a very important model for Hyundai...
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KONEX, KRX Gold Market Far from Profitable
Far From NormalityThe Korea New Exchange (KONEX) for venture firms and small and mid-size enterprises (SMEs) and the Korea Exchange (KRX) Gold Market for the legalization of the underground economy has...
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GM Korea Admits Error in Chevrolet Cruze Fuel Efficiency Measurement
Honest GestureGM Korea announced on Nov. 3 that it voluntarily corrected the gas mileage estimate of the 1,800 cc gasoline models of the Chevrolet Cruze and the Lacetti Premiere, and will provide cash...
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South Korea Obtains Order for Dutch Nuclear Reactor Project Worth 25 Billion Won
Nuclear Export to EuropeThe Korea Atomic Energy Research Institute (KAERI) Consortium, which received an order for an improvement project from Delft University of Technology in the Netherlands, is...
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IoT Promotion Adopted as ITU Resolution
Korean InitiativeAccording to the Ministry of Science, ICT and Future Planning, the agenda to promote the Internet of Things (IoT) industry initiated by Korea was adopted as International...
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Bank of Korea Governor Emphasizes Financial Cooperation among Asian Countries
Asian Financial Safety NetOn Nov. 3, The Bank of Korea Governor Lee Ju-yeol participated in the Future of Asian Finance Conference co-hosted by The Bank of Korea and the International Monetary Fund...
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Growing Number of Local SMEs to Start Beacon Business
Beacon BusinessAn increasing number of Korean companies are involved in Beacon business, which is considered to be one of the services of the Internet of Things (IoT). A Beacon is a wireless sensor...
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Samsung Working Actively on M&A Deals for Future Growth Industries like SSDs
Escaping CrisisSamsung Electronics is emerging as a big player in the global M&A market, as shown by its purchase of four foreign companies over the past six months. Over the period, the Korean...
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Sales of 5 Local Car Manufacturers Drop 2.3% Due to Strikes, Slow Exports
Automobiles in OctoberSales of five local carmakers have dropped because of labor strikes and slow exports. The sales of Hyundai Motors, which settled their strike early, increased, while that of Kia...
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Rumors about Establishment of Samsung Electronics Holdings Coming Back to the...
Management SuccessionIt is expected that the shareholding structures of Samsung Group subsidiaries will be simplified, while the third-generation owners’ influence will continue to increase, as the...
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iPhone Surpasses Galaxy in Smartphone Brand Value in China
Chinese Phone MarketThe China Brand Research Center released the China Brand Power Index (C-BPI) for this year on Nov. 4. On the list, Apple beat Samsung Electronics to take the foremost place in the...
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Hyundai Motor Group Facing Huge Fine in US Market
Fuel Efficiency ExaggerationThe Department of Justice and the Environmental Protection Agency (EPA) of the United States imposed a fine of US$100 million on the Hyundai Motor Group, mentioning that its...
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Banking Services without Precedent becoming Reality
Changing Banking MapThe Bank Wallet Kakao service makes its debut on Nov. 11. In addition, a number of new-concept banking services combining finance with information and communications technology...
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Petrochemical Firms Diving Head First into Water Treatment Market
Launching Water RaceKorean petrochemical companies are rushing into the water treatment market in neck-and-neck competition.Last month, Huvis, which is a joint venture of Samyang and SK Chemical,...
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Corning to Build R&D Center in Korea
Aggressive Investment in KoreaCorning will set up an R&D center in Korea late this year before making 10 billion won (US$9.3 million) annual investments for years to come.“We have continued our...
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Chinese Companies to Launch Low-cost Offensive to Dominate US TV Market
Threat to Samsung, LGChina, which has become a powerful nation in the smartphone area due to the huge popularity of Xiaomi Technology, is actively seeking to dominate the U.S. market with TVs, putting...
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