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22% of Married Korean Women Quit Their Jobs
Government Policy Not Working Women are still quitting their jobs in Korea because of childbirth and childcare, despite many government policies such as free child care to reduce this social...
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People in Their 30s Leading Imported Car Market
Imported Car LoversKoreans in their 30s are increasing their presence in the imported car market. Automakers such as Volkswagen, Toyota and Peugeot are trying to better win them over as well, with...
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SIS Chosen as Top 100 Innovative Company
Global Innovative CompanyLS Industrial System (LSIS) was named one of the Top 100 Innovative Companies selected by the global consulting group Thompson Reuters on Nov. 26.LSIS has been awarded for four...
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Korean Consumers Prefer Higher-priced Goods
Price BubbleIt has been found that Korean consumers pay up to 10 times more expensive prices for the same products than non-Korean consumers do. According to the Seoul Economic Daily, this was...
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Korea, China Should Compliment Each Other in Internet Industry
Korea-China IT CooperationKorea has to take an active role in order to establish complementary relations with China in the Internet industry.According to a recent report released by the Korea...
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Won to Dollar Rate Surge Worries IT Equipment Importers
Deteriorating CompetitivenessExchange rate fluctuations are worrying IT equipment importers. The stagnant IT market and exchange rate volatility are negatively affecting their businesses.According to...
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R&D Craze in Biometric Credit Cards
Biotech/Finance ConvergenceResearch and development efforts for biometric credit cards, which confirm a user's identity in financial transactions using fingerprints or iris scanners, are being actively...
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Russia Asking Both Koreas for Greater Economic Cooperation
Cooperation between KoreasRussia is making an aggressive proposition to South Korea for capital attraction and joint investment in North Korea.According to the government, Russian Deputy Prime Minister...
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Hyundai Engineering Wins 3 Trillion Won Construction Order for Gas Processing...
Gas Plant in UzbekistanHyundai Engineering received an order to build a super-sized gas processing facility, worth 3 trillion won (US$2.7 billion). This is the biggest construction order since the...
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New Stock Market Development Plan Below Expectations
Korean Dow JonesSamsung Securities said on Nov. 27 that the Financial Services Commission’s measures for stock market development announced on the previous day fell short of expectations.“The plan’s...
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LF Sonata Hybrid Records Higher Gas Mileage than Camry Hybrid
Hybrid CompetitionThe Korea Energy Management Corporation announced on Nov. 27 that Hyundai Motor Company’s LF Sonata Hybrid, running on 16-inch tires, recorded gas mileage of 18.2 kilometers per liter...
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Big Businesses Set Out to Help Venture Firms
True CooperationThe Federation of Korean Industries (FKI) presented the major corporations’ measures for the promotion of venture firm growth on November 27 at the Creative Economy Expo held at the...
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Business Group Owners Rarely Registered as Directors of Subsidiaries
Influence without ResponsibilityLess than 10 percent of conglomerate owners in Korea are registered as directors of their business groups. This means that it is not easy to hold them accountable for...
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Shadow Deepens in Korean Economy amid 32 Consecutive Month Surplus
Economic ShadowSouth Korea posted a current account surplus for 32 consecutive months in October, surpassing US$9 billion. If this trend continues, South Korea will record the greatest surplus in...
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Korean Economy Losing Momentum
New Normal EraThe Korean economy is entering a so-called new normal state characterized by low growth, low consumption, and low unemployment. Unfortunately this will inflict increasing financial pain...
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Samsung Closely Follows Intel, with SK Hynix in 5th Place
Narrowed GapSamsung Electronics is catching up with Intel in the global semiconductor market, thanks to a positive trend in the sales of memory semiconductors.According to market research firm IHS...
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Samsung, Apple, Google Release New Tablets
Tablet WarIT companies like Samsung Electronics, Apple, and Google are introducing new tablets for the peak season.Samsung released the Galaxy Tab S Broadband LTE-A, an upgraded version of the 10.5...
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Only One Drop of Blood Necessary to Diagnose Alzheimer's
Easy Diagnosis of Alzheimer'sA Korean research team led by Dr. Kim Young-soo at the Korea Institute of Science and Technology has successfully developed a way to diagnose Alzheimer's disease from only...
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New Economic Measures Expected in North Korea Next Year
Northern EconomyKyungnam University's Institute for Far Eastern Studies has predicted that North Korea will launch a new economic policy on or around its Workers Party anniversary on October 10,...
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Toyota Releases MIRAI Hydrogen Fuel Cell Sedan for Consumers
Mass Market, Zero EmissionsToyota will release the Mirai in Japan on Dec. 15. The company is planning to sell the hydrogen fuel cell sedan mainly in eight regions, including Tokyo, where hydrogen fuel...
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