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Controversy Stirring over Material, Quake Resistance of Korean Atomic Power...
Falling ShortGreenpeace pointed out that a substandard material is used in some nuclear power stations in Korea. The Korea Hydro & Nuclear Power Corporation, in response, said that the same...
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Chinese Phones Struggle in Korean Market
Disappointing PerformanceChinese smartphone makers, which sell two out of ten smartphones worldwide, are struggling in the Korean market.According to industry sources on Dec. 3, Huawei Korea introduced...
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Google Showcases New Voice Services
Voice FeaturesGoogle Korea held a media event of Voice on Mobile at its headquarters in Seoul on Dec. 4, officially announcing new voice-based features such as voice answer and action functions with an...
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Mid to Low-priced Phones to Comprise Over 50% of Global Smartphone Market...
Changing MarketCompetition between smart device makers is expected to be more intense next year, with mid-range and low-cost smartphones accounting for more than 50 percent of the global smartphone...
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Latecomer Zum Challenges Google in Korean Search Market
Search Engine CompetitionWith the better-than-expected performance of Zum this year, a latecomer in the local search market, competition for third place in the local search market is likely to heat...
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Domestic Smart Device Market Size Likely to Shrink for 2 Years
Shrinking MarketMarket research firm IDC Korea announced on Dec. 4 that this year’s domestic supply and sales of smart connected devices, including smartphones, tablet PCs and non-tablet PCs, are...
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Rumors Circulating about Recycled AMOLEDs in Samsung Handsets
Recycled Components?Samsung Electronics refuted the argument that recycled AMOLED screens are used in Galaxy smartphones.“There is a rumor that we have used recycled AMOLED display panels in our...
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Indian IT Genius becomes Executive Member of Samsung Group
Star of SamsungPranav Mistry, manager at Samsung Electronics’ research institute located in Silicon Valley, was promoted to a managing director position on Dec. 4. Such a promotion of a non-Korean at...
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GM Korea Facing a Financial Crisis
Challenge to GM KoreaGM Korea’s sales are on the decline to the point of making the company worried about keeping its place in the Korean market. The labor-management disputes in the company are...
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Smaller Shipbuilders Leaving Offshore Plant Sector
Focusing on Merchant VesselsSmall Korean shipbuilders are withdrawing from the offshore plant industry one after another due to their deteriorating profitability.According to sources in the industry on...
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Samsung to Provide Android 5.0 Lollipop Update for Galaxy S5
Lollipop UpgradeSamsung Electronics announced that it will provide the Android 5.0 Lollipop update for the Galaxy S5 introduced by three local mobile carriers starting on Dec. 5.The company is going to...
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SK Telecom Develops World's First Global Standard IoT Platform
IoT PlatformSK Telecom announced on Dec. 7 that it completed developing the industry's first open-source oneM2M-based Internet of Things platform.oneM2M is the largest standardization body for...
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Local Tokenization Depends upon Foreign Tech
Simple PaymentsAs the simple payment market is rapidly growing, there is increasing attention towards a payment card technology called tokenization, which makes it possible to safely store and manage...
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Market Share of iPad Falls to 20%
Fall of iPadAs the market share of the iPad, which is considered to be the epitome of tablets, has continued to decline, the industry is paying attention whether or not its share will fall below 20...
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LG to Showcase 4G Smart Watches
4G Smart WatchesLG Electronics is going to unveil its 4G smart watch, tentatively named the G Watch R2, next year.With LG's scheduled release of the 4G smart watch following the launch of the Gear S by...
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Financial Services Commission Names Fintech as Major Task for Next Year
Financial TechnologyThe Financial Services Commission (FSC) has decided to nurture the financial technology (fintech) industry next year as one of its major priorities. Previously, the FSC made a plan...
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Memory Semiconductor Market to See Double Digit Growth Next Year
Memory ChipsThe memory semiconductor market is projected to post double-digit growth next year. As a result, the top-ranked Samsung Electronics and SK Hynix, which is in third place, are expected to...
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China Beats Korea in 6 Major Industries
Outdone by ChinaThe Federation of Korean Industries announced on Dec. 8 that Korea has been outstripped by China in the six industrial fields of smartphones, automobiles, shipbuilding and marine...
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Korean Chemical, Steel Industries Challenged by Chinese Products
Most ThreatenedConcerns are rising over the impact of the Korea-China FTA in the domestic petrochemical industry, as the Korean market is wide open while Korean companies’ export to the Chinese market...
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Large Number of Initial Public Offerings Scheduled for Next Year
IPOs on StandbyThere are 177 companies, including 39 major corporations, slated to go public in Korea next year.According to KTB Asset Management, the 177 include 100 to be listed on the Korea...
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