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Amore Pacific Laneige Water Sleeping Pack Chosen as World-class Goods
World Class BeautyThe Laneige Water Sleeping Pack of Amore Pacific was chosen as a world-class good.World-class goods are chosen by the Ministry of Trade, Industry and Energy among those that rank...
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COUPANG Raises US$300 Million from World's Biggest Asset Manager BlackRock
Biggest InvestmentThe e-commerce company COUPANG (Ceo Kim Bom-seok) has just raised US$300 million from investors on Dec. 11 led by the world's biggest asset management company, U.S.-based...
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Cheil Industries Hits the Jackpot in Public Offering
Another Samsung JackpotCheil Industries, a affiliate company of Samsung Group, recorded a subscription deposit of approximately 30 trillion won (US$27.2 billion) and a competition rate of 194.9 to 1...
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Korean Cosmetics Products Extremely Popular with Chinese Tourists
Extreme PopularityChinese tourists are sweeping luxury cosmetics products in Korean department stores and duty-free shops.Korean cosmetics companies are planning to increase their production volume,...
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Smoking to be Banned in All Coffee Shops, Restaurants
No SmokingSmoking and vaping are to be prohibited in every restaurant and coffee shop in Korea from next year.Any business or person violating the regulation will be subject to a fine of 1.7 million...
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Release of Galaxy S6 Edge in the Air
No ReleaseSamMobile predicted on Dec. 10 that the Galaxy S6 Edge may not be put on the market.According to the Dutch blog, Samsung Electronics is currently releasing various derivative models of the...
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K-9 Self-propelled Gun to be Exported to Poland
Armor ExportSamsung Techwin is going to sign a contract within this month to export 120 units of the K-9 self-propelled gun to Poland.According to the contract, Samsung Techwin will export only the...
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Stock Value of 30 Conglomerate Owners Increased 16% this Year
Contradictory MovesMarket research firm CEO Score said on Dec. 11 that the combined stock value of the 30 major business group owners and their families increased by more than 15.5 trillion won...
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Hyundai Motor Chairman Hopes to Position Company as Global Green Car Maker
Long Way AheadIn the second half of the year meeting of top executives representing Hyundai and Kia operations abroad on Dec. 15, Chung Mong-koo, chairman of Hyundai Motor Group, said, “We cannot be...
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DSME Wins Order from Europe for 6 LNG Carriers Worth 1.3658 Trillion Won
Another VictoryDaewoo Shipbuilding and Marine Engineering (DSME) maintains its good performance in the liquefied natural gas (LNG) carrier market. It is continuously making successes in getting orders...
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Korea Midland Power in Long-term Cooperation with Carbo One
Cooperation with RussiaThe Korea Midland Power Corporation signed an MOU with Carbo One (CEO Alexey Danilov) in Russia for long-term bituminous coal purchases and preferential coal supplies.According...
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Chaebol to Strengthen Management Training for Their 3rd Generations
3rd Gen DefectIn light of the incident centering on then-Vice President of Korean Air Cho Hyun-ah, an event which was eventually dubbed “peanut turnover,” major conglomerates seem to have started...
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Korean Startup Environment Scores 55 Out of 100
Environment for StartupsThere is a mix of both worries and expectations in how Korean startup founders look at the domestic startup environment.According to the result of the survey conducted on...
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Dropping Oil Prices Adding to Oil Refineries’ Inventory Losses
Inventory LossesKorean oil refineries’ inventory valuation losses are snowballing, as international oil prices are plummeting.According to the Korea National Oil Corporation, the WTI futures price has...
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Accounting Transparency of Korean Companies Falling Short of Expectations
Great ExpectationsIn a recent survey conducted by the Financial Supervisory Service, 674 certified public accountants, accounting professors and corporate executive members in accounting jobs rated...
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Korea’s Per-capita GNI Shows 394-fold Increase over 60 Years to Exceed...
400-fold IncreaseThe Bank of Korea announced on Dec. 15 that Korea’s per-capita GNI increased 394-fold from US$67 to US$26,205, the eighth-highest in the world, and its nominal GNI increased...
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Fintech Development, Venture Capital Promotion to Accelerate Next Year
Financial Policy FocusesThe Korean government’s financial policy for next year focuses on deregulation, laying the groundwork for future growth and risk management.The government is going to relax...
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Remembering ‘The Forgotten War’
Old AlliesLondon’s New Korean War MemorialLONDON -- “With gratitude for the sacrifices made by the British Armed Forces in defence of freedom and democracy in the Republic of Korea.”With this simple...
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Samsung's Smartphone Market Share Fell Below 30% in Q3
Shrinking Market ShareSamsung Electronics' share of the global smartphone market fell below 30 percent in the third quarter of this year. In contrast, Apple, Huawei, and Xiaomi Technology narrowed the...
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Open Alliance for IoT Standards Established
OCEANThe Ministry of Science, ICT & Future Planning held an inauguration ceremony for the Open Alliance for Internet of Things Standards (OCEAN) on Dec. 16 at the COEX convention center, Seoul,...
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