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Sony Unveiled Wearable Smart Glasses at CES 2014
Wearable Japanese DevicesSony unveiled its SmartEyeglass prototype at the Consumer Electronics Show (CES) 2014 on January 7 (local time). It did not launch the wearable device during the press...
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Korean Army to Introduce FMS System for Export Promotion
Korean FMSMilitary authorities are planning to set up their own Foreign Military Sale (FMS) system for export purposes. The Pentagon’s FMS system, which is based on inter-government contracts, is used...
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Leading Sharing Culture with “Campaign for Sharing Hope 2014”
Hankook Tire CharityLeading international tire manufacturer Hankook Tire (CEO Seo Seung-hwa) has donated 1 billion won (US$938,000) to the Community Chest of Korea organizing the “Campaign for Sharing...
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MSIP Helps Startups to Launch Silicon Valley Offices
International ExpansionThe Ministry of Science, ICT and Future Planning (MSIP) successfully completed its first Global Startup Incubating Internship Program (GSIIP), providing 10 startup companies...
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The State, The Internet, and Cyber Security with Peter Singer, Part II
Asia Institute SeminarOn January 2, Dr. Emanuel Pastreich, director of the Asia Institute, sat down with Peter Singer, director of the Center for 21st Century Security and Intelligence and a senior...
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The State, the Internet, and Cyber Security with Peter Singer, Part III
Asia Institute SeminarOn January 2, Dr. Emanuel Pastreich, director of the Asia Institute, sat down with Peter Singer, director of the Center for 21st Century Security and Intelligence and a senior...
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Korea Develops Technology to Verify Authenticity of SNS Rumors
Rumor VerificationThe Korea Advanced Institute of Science and Technology (KAIST) announced on January 9 that a research team led by professor Cha Mee-young at KAIST successfully developed a technology...
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BOK Leaves Benchmark Interest Rate Unchanged for 8 Consecutive Months
Benchmark Interest RateThe Bank of Korea decided to keep interest rates on hold at 2.50% at a monetary policy committee meeting on January 9. As a result, the nation’s benchmark interest rate has been...
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Korea Exchange Considers Extended Trading Hours
Trading Time ExtensionThe Korea Exchange (KRX) plans to extend regular stock trading hours to revitalize the capital market and ease price limits on shares in after-hours trading. However, most of...
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BOK Forecasts 3.8% Economic Growth, 2.3% Consumer Price Inflation Rate
Economic ForecastThe Bank of Korea (BOK) predicts that the world’s 13th-largest economy will grow 3.8% this year. The forecast for this year’s economic growth rate is the same as the estimate released...
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Korean Gov’t Okays Int’l Schools in Jeju Island to Pay Dividends
Investment in EducationGovernment’s decision gives green light to attracting foreign educational institutionsThe Korean government said it plans to allow foreign educational institutions located in...
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Global Market for LTE-TDD Flourishing, but Korea Lagging Behind
LTE-TDD AdvancementWith the exception of Samsung, development of LTE-TDD service equipment is virtually non-existent in Korea. With US’s Sprint, Softbank of Japan, and India’s Bharti Airtel all...
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Lenovo Ranks First in Global PC Market
#1 PC MakerLast year, the global PC market shrank by 10%. However, Chinese PC maker Lenovo became the top-ranked PC maker in the world by increasing in revenue.Market research firm IDC announced on...
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Labor-Management Conflict Emerges Owing to Samsung-Corning Merger
Samsung-Corning MergerConflict between employers and workers of Samsung Corning Precision Materials (SCPM) has surfaced. Employees have expressed dissatisfaction with their transfer to Samsung...
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South Korea’s Share of Defense Cost to Reach $867 Mil, 5.8% Increase from 2013
ROK-US Military CooperationThe Ministry of Foreign Affairs announced the results of the ninth round of negotiations for the five-year Special Measures Agreement (SMA) between South Korea and the US on...
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Government Actively Seeks to Support Startup and Venture Ecosystem
Toward Virtuous CircleWith the government’s measures to create a virtuous circle out of the start-up and venture ecosystem in full swing this year, there is growing anticipation that this year will be...
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IBM Korea Carries Out Reshuffle to Beat Sluggish Sales
Restructuring of IBM KoreaIBM Korea will reorganize its mainframe and x86 server business units (BUs), which are showing poor performance these days. According to industry sources, IBM Korea is...
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Samsung Electronics Refutes Smartphone Security Vulnerabilities
Refutation on VulnerabilitySamsung Electronics made an official objection to the research results of the Ben Gurion University of Israel. The latter’s cyber security research institute claimed that it...
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The State, the Internet, and Cyber Security with Peter Singer, Part IV
Asia Institute SeminarOn January 2, Dr. Emanuel Pastreich, director of the Asia Institute, sat down with Peter Singer, director of the Center for 21st Century Security and Intelligence and a senior...
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Learning about the Corporate Culture of Samsung
GE Chairman’s RemarksGE Korea announced on January 13 that over 600 of GE’s top leaders from around the world had an opportunity to learn about Samsung’s competitiveness at their annual Global...
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