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CJ O Shopping Targets Global Insurance Market with Cigna
Insurance Expertise ExportCJ O Shopping is exporting its methods for selling insurance products to an overseas joint corporation, which will be established before the end of the year, by partnering...
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Low-cost Airlines Occupy Over 50% of Domestic Flight Market Share
Getting BiggerLow-cost airlines occupied more than half of the share of domestic flights for the first time last year.According to the statistics from the Korea Airports Corporation on Jan. 19, the...
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Korean Financial Firms’ Exposure to Switzerland Somewhat Limited
Financial Blow DodgedThe Financial Supervisory Service said on Jan. 19 that Korea is relatively free from the financial instability radiating from Switzerland, adding that Korean financial companies’...
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RCEP Predicted to be Concluded within This Year
RCEP vs. TPPDeputy Minister for Trade Choi Kyung-lim at the Ministry of Trade, Industry and Energy said on Jan. 19 that the member countries of the Regional Comprehensive Economic Partnership (RCEP)...
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Galaxy S6 Expected to Have Beastly Technical Specifications
Most Powerful Phone Yet?The Galaxy S6, which is scheduled to be showcased in March, is rumored to have 4GB of RAM, the first time for a mobile device. In addition to a 64-bit processor, the new model...
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Apple Decides to Purchase 70% of Mobile AP A9 from Samsung
Romance of NecessityApple's dependence on Samsung Electronics for mobile phone parts is growing. Previously, the U.S. tech giant curtailed the purchase of components for mobile phones made by the...
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Is Google-Samsung Alliance Breaking?
From Friends to FoesThe partnership of Samsung Electronics and Google seems to be falling apart.First, Samsung's Tizen-powered Z1 will compete with Google's Android One in the Indian market.The two...
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Google’s Monopolistic Tyranny Going Too Far in Domestic Mobile App Market
Google ArroganceIt has been said that Google’s monopolistic tyranny in the domestic mobile application market is going too far. According to application developers, their apps are removed from Google...
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Korea Lagging Behind in Online Trade
Deficit in Online TradeKorea is in the red in online trade. These days, the size of e-trading is growing at an explosive pace worldwide. The European Union is planning to triple the ratio of e-commerce...
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Ssangyong Motors, GM Korea Moving in Opposite Directions
Opposite DirectionsAccording to industry sources, Ssangyong Motors sold 141,047 cars last year, including 72,011 in overseas markets, to show a 3.2 percent drop from a year ago. Although it attained a...
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Samsung Electronics’ Curved Monitor Wins Eye Comfort Award
Comfortable MonitorSamsung Electronics announced on Jan. 21 that its curved SE790C (model name: S34E790CS) monitor has been validated by TÜV Rheinland, a leading international certification...
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Financial Supervisory Service to Help Fintech Firms Enter Financial Market
Support for Fintech FirmsFinancial Supervisory Service Governor Zhin Woong-seob said at a forum on Jan. 21 that his agency would provide more assistance so that fintech companies can grow themselves...
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Domestic Bitcoin Startups Coming Out With Fintech Fever
The FeverDomestic start-ups related to bitcoin are coming down with fintech fever. But first, they are planning to expand the size of the market, increasing the number of their partners which accept...
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SK Stops Operation of Chemical Plant in Singapore to Cope with Oil Price Drop
Chemical Plant ShutdownThe Jurong Aromatics Corporation (JAC) in Singapore, which major shareholder is the SK Group, is altering its facilities in view of the recent drop in oil prices. The JAC uses...
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Samsung Electronics Invests US$10 Million in Israeli Venture Firm
Sensor Tech InvestmentSamsung Venture Investment has invested US$10 million in Early Sense, an Israeli venture firm producing medical sensors.According to industry sources, Early Sense recently raised...
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National Pension Service Diversifying Stock Investment Targets
Investment DecreaseThe National Pension Service (NPS) decreased its investment in the top 30 Korean business group shares by approximately 2.6 trillion won (US$2.4 billion). Samsung and Hyundai Motor...
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Korean, British Gov'ts to Work More Closely on ESN Standardization
Cooperation for StandardizationKorea and Britain agreed to closer cooperation for 3rd Generation Partnership Project (3GPP) standardization, so they can build anti-disaster communication networks with...
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Google Chrome Expected to Surpass 30% of Local Market Share
Popularity of ChromeChrome's share of the Korean web browser market is expected to exceed 30 percent this year. Hence, the industry is paying attention to whether or not it will cause a change in the...
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Tech Developed to Produce Platform for Stomach Ulcer Treatments Using...
Light-driven Response PlatformA Korean research team has successfully developed a technology to make a platform that can facilitate drug-metabolizing enzyme activities using light. The technique is...
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National, Local Gov'ts to Encourage IoT, Big Data
Hyperconnected SocietyNational and local governments will together make a 5.2094 trillion won (US$4.7993 billion) investment this year in informatization projects for the Internet of Things (IoT), big...
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