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Construction Orders in Middle East Decrease Due to Drastic Decline in Oil Prices
Oil for BuildingThe performance of the domestic construction and plant industry is declining, along with the orders of plants from major oil-producing countries, owing to a sharp decrease in the...
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Popularization of Electric Vehicles Taking Time in Korea
Slow ExpansionGlobal automakers say Korea is the optimum market for the popularization of electric vehicles because of its small territory, concentration of population in metropolitan areas, and...
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Public Energy Corporations Concerned over Low International Oil Prices
57 Trillion InvestmentThe Korea Gas Corporation (KOGAS), Korea National Oil Corporation (KNOC), Korea Resources Corporation (KRC), Korea Electric Power Corporation (KEPCO), and its subsidiary power...
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Korean Automakers’ Sales Increased Slightly in November
Auto TrendsHyundai Motor Company, Kia Motors, Renault Samsung Motors, Ssangyong Motors, and GM Korea sold and exported a total of 782,055 cars last month to record a 2.2 percent growth from a year ago...
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Japanese, Korean Entrepreneurs Meet amid Tense Political Times
Seven Year GatheringThe Federation of Korean Industries (FKI) and the Japan Business Federation (JBF) held the 24th Korea-Japan Business Council meeting in Seoul on Dec. 1. A total of 45 figures...
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KEPCO to Move ICT System Facilities to Naju Integrated ICT Center
Korea Electric Power CorporationThe Korea Electric Power Corporation (KEPCO) held an official starting ceremony to move its ICT facilities from its headquarters in Samsung-dong, Seoul to Naju...
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Navigation System Meets with Augmented Reality
Vivid Road GuideThinkware unveiled its navigation system, the Inavi X1 in which augmented reality (AR) is integrated with a cutting-edge driver system, during its launch event in Seoul on Dec....
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UHD Premium Set-top Boxes Use a Cloud Interface
Fast Channel TechCJ HelloVision announced on Dec. 2 that it released UHD premium set-top boxes, an improved version of existing UHD set-top boxes, that use a cloud interface and fast channel change...
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Korean Carriers Test Tri-band Carrier Aggregation
Last Revolution of LTETri-band Carrier Aggregation (CA), the last version of 4G, is likely to be commercialized soon. Three local mobile carriers and handset makers are stepping up efforts to get the...
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LG G3 Screen Considered Lower Quality than Chinese Entry Phones at 2.5x Price
Undercooked TechThe G3 Screen with LG Electronics' own application processor (AP) is suffering from sluggish sales, as it is widely acknowledged to deliver low performance for its price. The new...
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Economic Community Expresses Concerns over Government’s CO2 Emission...
CO2 Emission ControversyTwenty-eight economic organizations, including the Federation of Korean Industries (FKI), and 38 companies in the power generation and energy sectors released a statement on...
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Over 10% of Korean ICT Firms at Risk
Risky ICT FirmsProfits are going down.More than 10 percent of Korean information and communications technology (ICT) companies are in danger with their profitability, growth potential and debt...
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Samsung Electronics Sells Optical Material Business to Corning
Business ReshufflingSamsung Electronics announced on Dec. 2 that it is selling its entire optical material business to Corning. The objects of the disposal include Samsung Electronics Hainan...
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“Crowd Funding is Indispensable for Turning Brilliant Ideas into Business Items”
Crowd FundingFinancial Services Commission chairman Shin Je-yoon emphasized the importance of crowd funding for creative entrepreneurs.He visited the Seoul office of the Korea Exchange (KRX) on Dec. 2...
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Direct Trading Market between Won, Yuan Opens
Won/Yuan Direct TradeThe direct trading market between won and yuan opened on Dec. 1. The Ministry of Strategy and Finance and The Bank of Korea (BOK) are adopting many vitalization plans to quickly...
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Foreign Currency Reserves Fall for 4 Months Straight
Falling ReservesSouth Korea's foreign currency reserves fell for four consecutive months due to the strong dollar.According to the Bank of Korea (BOK) on Dec. 3, South Korea's foreign currency reserves...
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51.7% of Venture Companies Prefer IPOs to M&As
IPOsDomestic venture companies are somewhat negative about M&As.According to the survey on “Venture Management Status and Policy Tasks” conducted on 302 venture companies and 50 venture capital...
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Problems in Qualcomm Snapdragon Set Alarm Bells Ringing for Samsung, LG
Unexpected HurdleLocal smartphone makers are nervous at the prospect of a delay in the launch of new models next year, including the Galaxy S6 and the G4. It is unclear whether or not the supply of the...
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Alipay to Sell Transportation Cards to Chinese Tourists in Partnership with...
Transportation CardsAs Alipay, the largest online payment service provider in China, forges a strategic partnership with T-money, its entry into the Korean market is kicking into high gear.The Korea...
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Domestic, Foreign Mobile Ad Platforms Compete in Korean Market
Mobile AD CompetitionWith an increasing number of new business operators appearing in the local mobile ad platform market, local and foreign companies are likely to fiercely compete with each...
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