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HP CEO's Visit Puts Struggling HP Korea on Edge
HP Korea RestructuringAside from the x86 server business, Hewlett-Packard (HP) Korea is not performing well in big data, security, or cloud services. Hence, the company is nervous at the HP CEO's...
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Korean Research Team Develops Blood Test for Alzheimer's
Enhanced Testing MethodA Korean research team has successfully developed a method to diagnose Alzheimer's disease via blood tests.A research team led by Dr. Kim Young-soo from the Center for...
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Korean Smartphone Makers See Sharp Decrease Caught between Apple and Xiaomi
Sharp DecreaseKorean manufacturers’ smartphone exports dropped by 35.5 percent year-on-year last month due to the release of Apple’s iPhone 6 and a rapid sales decline in China and the ASEAN region.The...
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Former Semiconductor Company Workers File for Occupational Disease Compensation
Occupational DiseaseNineteen workers and bereaved family members of workers who contracted incurable diseases such as leukemia during their service in electronics companies filed for industrial...
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RMB Clearing Bank Opens in Seoul
New IncomeAn RMB clearing bank has officially opened in the Euljiro district of Seoul. The Bank of Communications of China held its opening ceremony on Nov. 6, attended by Bank of Korea Governor Lee...
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Korean Gov't to Call Weak Yen into Question at G20 Summit
Weaker YenThe Korean government is going to include its stance and concerns regarding the potential damage from Japan’s quantitative easing policy in a communiqué at the G20 Summit scheduled for Nov....
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Korean Investors Have Lost Their Way
750 Trillion WonThe public subscriptions prior to the initial public offering of Samsung SDS that finished on Nov. 6 attracted 15.5 trillion won (US$14.2 billion) from individual investors with a...
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JEC Becoming Pivot of Jeju as Carbon-free Island
Regional New Growth EngineThe Jeju Energy Corporation (JEC) has been supporting new and renewable energy development and distribution to improve “energy welfare” for residents in the region....
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SHI to Build FLNG Worth US$2 Billion at Equatorial Guinea Gas Field
Equatorial GasSamsung Heavy Industries (SHI) obtained an order worth US$2 billion for a floating liquefied natural gas (FLNG) ship to develop a gas field on the coast of Equatorial Guinea.According to...
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Successive Summit Talks Held at APEC Meeting for New Breakthrough in...
Turbulent Northeast AsiaDuring the APEC summit in Beijing, President Park Geun-hye is meeting with Chinese President Xi Jinping and U.S. President Barack Obama to discuss mutual cooperation with the...
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Korean Elected as President of ITU Board of Directors
ITU Board ChairmanMin Won-ki, president of the International Telecommunication Union (ITU) Plenipotentiary Conference 2014, has been elected to head the ITU Board of Directors for 2015.The three...
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Court Recognizes Brain Tumor as Industrial Accident from Samsung Electronics
Industrial SufferingOn Nov. 7, the Seoul Administrative Court ruled in favor of the plaintiff in an industrial accident lawsuit filed against the Korea Workers' Compensation & Welfare Service by...
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Hyundai Motor Company Increasingly Shunned by Foreign Investors
Turning AwayAccording to the Korea Exchange, foreign investors owned 44.37 percent of Hyundai Motor Company as of Nov. 6, which is a four-month low.The shareholding ratio of foreign shareholders in the...
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More than 10% of Korean Companies High Risk
Risky Listed CompaniesTwelve percent of the companies listed on the Korean stock market have been in chronic insolvency for three consecutive years.Korea Institute of Finance senior researcher Lee...
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Korean Automakers’ Production, Exports Fell Significantly Last Month
Shrunken PerformanceAccording to the Ministry of Trade, Industry and Energy, Korea’s automobile production for October this year decreased by 14.3 percent from a year earlier to 364,680 units. The...
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Official Conclusion of Korea-China FTA Around the Corner
Approaching 1.3 Billion PeoplePresident Park Geun-hye and President Xi Jinping announced the de facto conclusion of the Korea-China FTA in Beijing at their summit talks on Nov. 10, about 30 months from...
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Korea-China FTA Opening New Chapter of Bilateral Economic Ties
New Economic AllyThe Korea-China FTA concluded on Nov. 10 is highly meaningful not only as an economic breakthrough but also as diplomatic momentum on which the two countries can continue cooperating...
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Regulations on Fintech Companies Need to be Eliminated
Throwing Opportunities AwayVenture firms and venture capital industry experts are pointing out that government regulations are hindering the development of financial technology, or fintech, companies....
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Samsung Heavy Industries Receives Order for 2 Offshore Plants
US$700 MillionSamsung Heavy Industries (SHI) received an order to build two offshore plants worth altogether US$700 million (760 billion won).On Nov. 10, SHI said that it obtained orders for the...
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Seoul, City with Fastest Internet Speed, Ranks 12th in ICT Maturity
Speed Vs. MaturitySeoul ranked 12th in the penetration and usage rates of information and communications technology (ICT) among 40 major cities in the world.Networked Society Lab under Ericsson...
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