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Hyundai Motor Company’s Ordinary Wage Lawsuit Causing Confusion
Ordinary Wage ConflictsThe court ruling on the ordinary wages of Hyundai Motor Company employees has been postponed due to the differences in the regular bonus payment criteria applied to the workers...
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Benchmark Interest Rate Fixed at 2.0%
No Better ChoiceThe Bank of Korea held a Monetary Policy Committee (MPC) meeting on Nov. 13 to fix the key rate at 2 percent. The central bank had lowered the rate in August and October but did not do...
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Impressive Entries Seen at KAIST Wearable Computer Competition
Wearables CompetitionThe 2014 Wearable Computer Competition was held at the Korea Advanced Institute of Science and Technology (KAIST) on Nov. 13. A wearable computer refers to an electronic device...
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Global IT Giants Break Promises to Build R&D Centers in Korea
Empty PromisesFor many years, global IT companies like Intel, IBM, Ericsson, and Google haven't kept their promises to establish and run research and development (R&D) centers in Korea. Hence,...
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YotaPhone 2 Features Korean AMOLED Screen
Russian SmartphonesA Russian smartphone that appeared in the Asia-Pacific Economic Cooperation (APEC) summit in Beijing has been the talk of the town.Russian President Vladimir Putin gave his Chinese...
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Starbucks' Double Standards in WiFi Requests Too Much Personal Information
Strange KT PolicyCoffee shop chain Starbucks is raising controversy over requesting excessive personal information to only Koreans who want to use KT’s Olleh wireless network service in Starbucks...
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Korea Continues to Deliver Its Position on Internet Governance
Discussion LackingDiscussion over Internet governance issues surrounding the world's cyberspace is expected to continue amid a failure to find a definite answer. As such, South Korea is going to form...
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Korean Life Expectancy Increases, but Low OECD Rank in Retirement Preparations
Gangnam LifestyleThe life expectancy of South Koreans has gradually increased to join the middle ranks among OECD nations, but the country still ranks low in preparation for later life.According to the...
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Koreans Replace Cell Phones Most Frequently among OECD Countries
Mobile Phone Life CycleKorea has set a new record in the handset replacement cycle three years in a row.As of April this year, 77 percent of mobile phone subscribers have reportedly replaced their cell...
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Samsung Makes Bid for Mobile System Semiconductors
Focusing on System ChipsSamsung Electronics unveiled several system semiconductors used in the Galaxy Note 4. The company is planning to strengthen the brand image of Exynos by showcasing a single-chip...
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Apple Tops North American Smartphone Market in Q3
Jockeying for TopAccording to market research firm Strategy Analytics, Samsung Electronics’ smartphone market share in North America fell from 36.2 percent to 24.8 percent between the second and third...
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LG Electronics’ Heater/Air Conditioners Receive Good Reviews in Australia
Good News for LGLG Electronics announced on Nov. 17 that its large-capacity heater/air conditioners topped the performance test carried out in Australia by monthly consumer magazine Choice.The test was...
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Kia Motors Releases New K9
The New K9Kia Motors launched The New K9 and The New K9 Quantum on Nov. 17.“The New K9 Quantum comes with various novel techniques, a more sophisticated design and the eight-cylinder Tau 5.0 GDI...
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Chinese Display Panel Manufacturers Showing Rapid Growth
Chinese ChaseChinese companies are posing a significant threat to Korean display panel manufacturers. The former are raising their market share at a fast pace thanks to the increasing demand in the...
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China Taking Place of Japan in Korea’s International Trade Relations
Shift in Trade WeightThe focus of Korea’s international trade is shifting from “export to the U.S. and import from Japan” to “both export and import to and from China.” This is likely to become even...
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Korean Household Debt Posing Heavier Burden than Ever
Increasing Household DebtThe current debt burden on Korean households is heavier than that on American households during the sub-prime mortgage crisis of 2008. In particular, the burden on low-income...
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Software Development Highly Dependent on Imported Hardware
Software DependenceThe problem of software development in Korea relying heavily on imported equipment should be addressed for the balanced development of the domestic information and communications...
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Mirae Asset Global Investments Highly Successful Abroad
Great Overseas PerformanceMirae Asset Global Investments announced on Nov. 18 that the size of the funds run by its 12 overseas subsidiaries in the United States, Hong Kong, and India increased by...
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CJ O Shopping Debuts in China via Alibaba
Alliance with AlibabaCJ O Shopping is planning to open a special shopping section in China’s Dongfang CJ (www.OCJ.com.cn) and Tianmao (www.Tmall.hk), an online B2C shop run by Alibaba, to operate its...
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Security Vulnerabilities of iPhones Found by Koreans
iPhone VulnerabilitiesRaon Secure announced on Nov. 17 that its security technology research team won the grand prize at this year’s Pwn2Own by detecting vulnerabilities in iOS8.iOS is designed to...
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