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Competition in O2O Getting Fierce among Internet Service Providers
O2O CompetitionThe Internet industry is expected to see fierce competition next year in the market of Online to Offline (O2O) that connects things on the Internet to things in the real world.According...
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CJ Bibigo London Branch Found in Michelin Guide for Two Years in a Row
Bibigo in LondonCJ Foodville announced that the Soho, London branch of its Bibigo restaurant has appeared in the Michelin Guide London 2015. This is the second time since last year that Bibigo was...
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Jonga Jip Brand of Daesang FNF Wins First Kosher Mark in Korea
First Kosher MarkDaesang FNF announced that its Jonga Jip kimchi brand has been certified kosher.The kosher mark is a food safety standard in North America and Europe. Qualifying for the mark is...
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Seoul Incheon International Airport Enters GT Hall of Fame
Most HonorableThe Incheon International Airport Corporation won the Best Overall Airport in the World prize at this year’s Global Traveler Tested Reader Survey Awards. The awarding ceremony took place...
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National Pension Service Sells HSBC Building in London
Overseas ProfitsThe National Pension Service (NPS) announced that it sold the HSBC headquarters building, located in Canary Wharf, London, on Dec. 5 to the Qatar Investment Authority, and made a profit...
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North Korea Records Per-capita GNI Less than 1.4 Million Won in 2013
Two KoreasThe annual growth of North Korea’s per-capita gross national income (GNI) hit a seven-year low last year, and the income divide between the two Koreas reached a record high.According to the...
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Korean Chemical Companies Concentrating on Green Products
Throwing Off Chinese PursersKorean chemical companies are focusing on eco-friendly products in order to leave Chinese rivals behind. They are striving to seek new growth opportunities with high...
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Attraction of Foreign Patients by Insurers Anticipated to be Facilitated
Way OutInsurers’ attraction of foreign patients is expected to pick up speed, as new Korea Life Insurance Association Chairman Lee Su-chang declared that he would help them create new business...
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Missha Opens 4th, 5th Overseas Branches Simultaneously
Increasing Overseas PopularityAble C&C, which runs brand shops Missha and Apieu, recently opened the fourth overseas Missha in Naucalpan, Mexico and the fifth one in Claveria, Mexico City.Mostly...
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Aekyung Group Opens Novotel Ambassador Suwon
Completed MallThe Aekyung Group will hold the grand opening of the super deluxe hotel Novotel Ambassador Suwon on Dec. 18.The Novotel Ambassador Suwon is located at Maesan First Road, Paldalgu, Suwon...
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Court Rules Hyundai Rotem Responsible for KTX Defects
Train DefectsHyundai Rotem, the manufacturer of the high-speed KTX-Sancheon train, will have to pay large compensation to Korail, the national railroad operator, for financial damage caused by defects...
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LG Life Sciences to Enter China with Ovulation-inducing Drug Follitrope
Female Infertility TreatmentLG Life Sciences Ltd. (CEO Jung Il-jae) is set on taking over the markets in China and Japan with a new independently-developed product.The company has recently signed an...
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Lotte Group Apologizes For Accidents in 2nd Lotte World Mall
Increasing Safety ConcernsThere has been a series of accidents at the 2nd Lotte World Mall in Seoul, including the death of a worker at the construction site and accidents in the facility’s cinema and...
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Sony Caves to Hackers Threatening Another Sept. 11, Delays “The Interview” Movie
Successful Terror AttackSony Pictures has decided to not premiere “The Interview” this Chrismas season, after several movie theaters have said they would not show the movie due to terrorist concerns....
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Hankook Tire Expands Businesses through Aggressive M&As
Light and ShadowThe domestic automobile industry is expressing concerns over Hankook Tire’s decision to take over Halla Visteon Climate Control Corp. (HVCC).According to sources in the industry on Dec....
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KT, Ericsson Develop Tech to Maintain HetNet with CA
KT-Ericsson CooperationKT announced on Dec. 16 that it has successfully developed and demonstrated technology to maintain the Carrier Aggregation (CA) of HetNet, which is acknowledged to be core...
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SK C&C, Mozido to Enter Global Fintech Market
Alliance for FintechSK C&C will target the global mobile commerce market in partnership with a U.S. company to go head to head with Paypal, Alipay, and Apple Pay in the financial technology...
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Import Car Recalls Reach Two-Thirds of Their Annual Sales
Shadow of Riding HighRecalls for imported cars have increased over twofold compared to last year. While their high fuel economy and price competence gained by the Free Trade Agreements (FTAs) are...
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Machinery Industry to Slowly Recover Next Year amid Remaining Risk Factors
Slow RecoveryThe machinery industry (excluding shipbuilding) is expected to enjoy the slow recovery of production and export in 2015, thanks to the continuing improvement in economic performance of...
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Exports of Semiconductors Reach New High of US$60 Billion Yearly
US$60 Billion ExportsSouth Korea’s semiconductor exports reached over US$60 billion yearly for the first time.The Ministry of Trade, Industry & Energy (MOTIE) reported that as of Dec. 18, the...
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