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Korea Now Holds Net International Assets
More Capital than DebtKorea has become a net international asset country for the first time in history. According to the Bank of Korea’s tentative International Investment Position for September...
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Korean Companies Taking Lead in EV Battery Market
More PowerAn increasing number of carmakers such as Nissan and Daimler are opting for Korean battery manufacturers’ products instead of doing the lithium-ion secondary battery business on their own....
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International IoT Standardization to be Led by Korea
Internet of ThingsThe Korean Agency for Technology and Standards of the Ministry of Trade, Industry and Energy announced on Nov. 20 that Korea became the chair of the Internet of Things (IoT)...
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Korean Research Team Develops Black Box for Computer Server Security
Anti-hacker BoxA Korean research team has successfully developed new black boxes for computers that can record and store hackers' activities, after two and a half years of research and development, and...
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Korean Research Team Develops Encoder for UHD Broadcasting
UHD EncoderThe Electronics and Telecommunications Research Institute (ETRI) announced on Nov. 19 that it has completed the development of a high-efficiency video encoder, which compresses 4K ultra HD...
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South Korea Ranks 2nd in Asia in Amount of Foreign Currency Bonds
Risky Foreign Currency FundsThe amount of foreign currency bonds issued by South Korea is the second largest following China among East Asian countries, and the Asian Development Bank (ADB) warned that...
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Companies Earned Only 39 out of 1,000 Won as Profits Last Year
Low Corporate ProfitabilityLast year, the net profits of domestic companies dropped to the lowest level since the financial crisis in 2008. The rate of sales increases has slowed rapidly after 2010....
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Why is Samsung Delaying Android 5.0 Lollipop Update?
Unusual MoveWith Android 5.0 Lollipop rolling out to Android devices, many people in the industry are wondering why Samsung Electronics hasn't provided the Android 5.0 Lollipop update yet, three weeks...
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iPhone 6 Features Flood of Components Made by Samsung
New HoneymoonSamsung Electronics and its affiliates are supplying an increasing number of components for the iPhone 6. After Samsung and Apple withdrew all patent infringement lawsuits last August,...
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Korea Investment Corporation to Focus on Alternative Investment
Alternative TrialsKorea Investment Corporation (KIC) President Ahn Hong-chul held a press conference on Nov. 24 and apologized for the corporation’s investment in Merrill Lynch in 2008. The KIC had...
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Household Liabilities Piling Up
3 Months of ChoinomicsIt is estimated that the combined debt of Korean households will reach 1.1 quadrillion won (US$993 billion) at the end of this year. The amount increased by no less than 22...
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ETRI Develops Advanced Radio Direction Finding Techniques
Radio Direction FinderThe Electronics & Telecommunications Research Institute (ETRI) succeeded in developing key techniques for a third-generation radio direction finder on its own.The institute...
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KDB, IBK to Attract Foreign Venture Investment with Global Partnership Fund
Foreign Venture InvestmentThe Korea Development Bank and the Industrial Bank of Korea announced on Nov.r 25 that they launched the Global Partnership Fund worth a total of 80 billion won (US$72.3...
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Korea, US Evaluate Current State of FTA
KORUS FTAThe Ministry of Trade, Industry and Energy announced on Nov. 25 that it had a high-level meeting for the implementation of the KORUS FTA in Washington D.C. on Nov. 24 (local time), along with...
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Korean Economy Forecasts Secular Stagnation Next Year
Structural StagnationThe Federation of Korean Industries recently carried out a survey with 38 economists, and announced on Nov. 25 that 44.7 percent of them picked secular stagnation, or structural...
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Hyosung to Build World’s Finest Carbon Fiber Manufacturing Cluster
Large Scale Carbon ClusterHyosung completed the construction of a carbon fiber manufacturing plant with an annual capacity of 2,000 tons in Jeonju, North Jeolla Province, last year. The company is...
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Samsung, Hanwha Groups Agree to Big Deal in Defense, Petrochemical Sectors
2 Trillion DealThe Samsung Group is selling Samsung Techwin, Samsung Thales, Samsung Fine Chemicals, and Samsung Total to the Hanwha Group so as to withdraw from the petrochemical and defense...
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Xiaomi to Mount Serious Challenge to Samsung, Apple with 100,000 Won Tablet
Xiaomi’s ChallengesXiaomi Technology, which nabbed third spot in smartphone rankings with low-priced phones, is now targeting the low-priced tablet market. According to overseas media outlets and...
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Samsung Electronics to Buy Back Shares
Stock Price StabilizationSamsung Electronics will repurchase treasury stocks worth approximately two trillion won, a record high in its history, in order to stabilize its stock price and promote...
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10Gbps Internet Speeds Possible with Korean Technology
LocalizationA Korean research team has succeeded in developing next-gen optical networking equipment that can deliver 100 times faster 10Gbps Internet service. As a result, it will be possible to...
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