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Conglomerates’ Internal Reserves Significantly Increased Despite Taxation Policy
Increasing Internal ReservesIn the past six months, the internal reserves of the 10 major business groups increased by more than 29 trillion won (US$26 billion), and cashable assets by 5 trillion won...
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Top 10 Stock Market Events of the Year
Year's Top EventsThe Korea Composite Stock Price Index (KOSPI) fluctuated between 1,850 and 2,100 points this year, while continuing to suffer from adverse conditions such as a weak yen and plummeting...
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Samsung Group Owners’ Equity Value in Cheil Industries Reaches 6.4 Trillion Won
Big Money Gained from IPOThe combined equity value of Samsung Electronics Vice Chairman Lee Jae-yong and his family members in the recently-listed Cheil Industries amounts to 6.4 trillion won (US$5.8...
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Korean Government Makes Large Investment in Game Industry
Promotion of Game IndustryThe Korean government will invest at least 230 billion won (US$209 million) for the next five years to promote the growth of the game industry.It is also planning to create a...
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Prosecutors Ban LG Electronics CEO from Traveling Abroad
Continuing Rough and TumbleThe prosecution has reportedly imposed bans on international travel for Cho Seong-jin, CEO of the Home Appliance Unit of LG Electronics, and will request an arrest warrant...
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Samsung Group Wage Freeze to Extend from Executives to Employees
Poor Performance ConsequencesThe Samsung Group is expected to freeze or cut wages for 10 percent of its employees after the company decided to freeze wages for about 2,000 executives due to a huge drop...
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FSC Chairman Pushes Ahead with Establishing Internet Specialized Banks Next Year
Internet BankingInternet specialized banks are expected to appear sometime next year. Also, regulations on capital for electronic financial businesses will be eased in order to help Information...
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Korea's Per Capita GDP to Overtake Japan's in 2016
Surpassing JapanSouth Korea's per capita GDP in 2016 will outstrip that of Japan with nearly US$40,000 of purchasing power.“South Korea's GDP per capita will reach almost the same level of Japan next...
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Korea Lacks Core Tech to Propel Space Rocket
Core ProblemJo Kwang-rae, head of the Korea Aerospace Research Institute (KARI), cited space rocket propulsion technology as the greatest and most difficult challenge that the institute faces at a...
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Google, Samsung Start to Compete for Global Dominance in IoT Market
IoT DominanceNest Labs purchased by Google and SmartThings acquired by Samsung Electronics have already started to fight for global dominance in platforms for the Internet of Things (IoT). Therefore,...
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Confidential KHNP Documents Leaked Again
No Sensitivity, No ResponseConfidential documents of the Korea Hydro & Nuclear Power Corporation, such as power plant drawings, have been exposed to the public on the Internet again. This is the...
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Recent Nuclear Power Plant Hacks May be from North Korea
Hacking ThreatA hacker that disclosed confidential documents relating to atomic power stations in Korea threatened that more documents would be handed over to other countries and that secondary...
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KOSPI Lost 4% This Year
Losing DynamicsAccording to the Korea Exchange, the Korea Composite Stock Price Index (KOSPI) closed at 1,929.98 points on Dec. 19 to lose 4.05 percent compared to the end of last year.Meanwhile, stock...
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Major Law Firms Seek Growth, Mid-Sized Ones Focus on Specialization
Opening Legal MarketThe domestic legal service circle is busy seeking survival strategies in the face of the full opening of the legal market. Large law firms are setting out to enlarge themselves by...
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LG Display Unveils “Art Slim” UHD TV Panel, Slim as a Smartphone
Thinnest, Lightest YetLG Display announced on Dec. 29 that it launched ultra-thin LCD panels for TV called “Art Slim,” based on its technical excellence. The company is planning on unveiling the Art...
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Coupang to Accelerate Growth and Make New Records
Skyrocketing Sales GrowthCoupang (President Kim Bum-suk) has announced that it surpassed a monthly turnover of 200 billion won just 4 years since it started its services in Aug. 2010, recording 205.6...
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Number of Foreign Tourists Skyrockets Due to Hallyu Boom
Double-digit GrowthAccording to data from the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization (KTO), the number of foreign tourists visiting Korea surpassed 10 million in...
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KAIST Develops Method to Fold DNA Nanostructures in 10 Minutes
Building NanostructuresKorean scientists have developed a new method to build nanostructures within 10 minutes using DNA. A research team led by Professor Yoon Tae-young of the Physics Department of...
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LF Sonata Hybrid Sales Boom Amid Low Oil Prices
Hyundai’s HybridsHyundai's LF Sonata Hybrid, which was launched in middle of December, recorded accumulated contracts of 1,174 units as of Dec. 26, eight days after the launch.This figure is about 70...
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Samsung Electronics to Show New Household Appliances at CES 2015
Innovative Home AppliancesSamsung Electronics is going to show a lot of new products at CES 2015 in Las Vegas on Jan. 6, 2015.The Active Wash is an innovative laundry machine that does even pre-washing...
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