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Jeju Energy Corporation to Construct 230MW Wind Power Generation Complexes on...
Carbon-free IslandBy 2020, Jeju Energy Corporation (JEC) is expanding its currently-operating wind power generating facilities on Jeju Island.The JEC is planning to construct offshore wind generation...
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LG, Samsung Concurrently Unveil System Air Conditioners at 2015 AHR
Innovative Air ConditionersLG Electronics and Samsung Electronics are participating in the 2015 Air-Conditioning Heating Refrigerating (AHR) Expo, which is being held in Chicago from Jan. 26 to 28,...
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Samsung SDS Operating Profits Increased by 17% to 593.4 Billion Won Last Year
Enhanced PerformanceSamsung SDS has announced that its sales last year increased by 12.1 percent to 7.8977 trillion won (US$7.33 billion) compared with the figure of 7.0468 trillion won (US$6.54...
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Samsung Electronics Narrows Gap with First Place in Global Semiconductor Market
Runner-up PositionSamsung Electronics occupies the runner-up position in the global semiconductor market, while SK Hynix has become the top-ranked semiconductor company in China.According to market...
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Chinese, Japanese OLED Display Makers Challenge Korean Companies
Challenging Korean OLEDThe penetration of Chinese and Japanese firms into the global OLED display market, which is dominated by Korean companies, is threatening Korean industry.According to industry...
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Lamborghini’s Tauri 88 Phone to be Sold for US$6,000 in Korea
Ultra-high-priced SmartphoneTonino Lamborghini's US$6,000 smartphone is expected to be introduced to Korea in the first half of this year. High-priced imported phones haven't been sold in the nation so...
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Apple Follows Samsung Closely in Smartphone Market
Apple’s DashMajor overseas media outlets such as the Wall Street Journal quoted data released by market research firm Canalys, saying that Apple is expected to report its highest-ever quarterly...
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Lowering US Dollar-based Import Settlement Hits Five Quarter Low
Dollar-based Trade RatioThe Bank of Korea announced on Jan. 27 that the U.S. dollar-based import settlement decreased by 0.7 percentage points from the previous quarter to 83.8 percent in the last...
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50% of Samsung Mobile Phones Made in Vietnam
Samsung Made in VietnamSamsung Electronics is currently manufacturing 50 percent of its mobile phones in Vietnam and only 8 percent in Korea.At present, Samsung Electronics is running six mobile phone...
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Nexon’s Hostile Takeover of NCSoft Becoming Increasingly Likely
From Friend to OwnerOn Oct. 14, 2014, Nexon bought 0.38 percent more of NCSoft shares. At that time, the former explained that the purchase was for investment purposes. However, market insiders...
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SK Hynix’s Operating Profits Exceeded 5 Trillion Won for the First Time Last...
New RecordSK Hynix made 5 trillion won (US$4.6 billion) of operating profits last year, a new record for the company. This record breaks the previous record, which was set just last year.SK Hynix...
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Inter-Korean Trade Tops US$20 Billion Yearly
US$20 Billion MilestoneAccording to the Korea International Trade Association, the trade between South and North Korea increased 104 percent to US$2.34312 billion last year, breaking the US$2 billion...
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Alibaba to Assist in Korean Firms’ Online Business in China
Cooperation with AlibabaAlibaba will provide information and assistance to help Korean small firms make their way into China. Deputy Prime Minister Choi Kyung-hwan and Alibaba Chairman Jack Ma recently...
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Hyundai Motor Group Concentrating on Hydrogen Fuel Cell Vehicle Development
Global Fuel Cell LeaderThe Hyundai Motor Group is planning to rank second in the global eco-friendly car market by 2020. To this end, the company is focusing on hydrogen fuel cell vehicle R&D at...
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IBM Korea Predicted to Lay Off Employees Again
On-going RestructureAccording to industry sources, IBM Korea is splitting its four divisions – covering hardware and system technology, software, global technology services, and global business...
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LG Display Surpasses 1 Trillion Won in Operating Profits 2 Years Running
Consecutive ProfitsLG Display announced on Jan. 28 that it reported quarterly operating profits of 625.8 billion won (US$572.4 million) and 8.3419 trillion won (US$7.6290 billion) in sales in the...
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SK Telecom, Nokia Jointly Lay Groundwork for 5G Commercialization
Preceding 5GSK Telecom announced on Jan. 28 that it has successfully commercialized enhanced Inter-Cell Interference Coordination (eICIC) in partnership with Nokia, paving the way for the 5G era.eICIC...
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Huawei Commits to Providing All Solutions for Korea’s Disaster Safety...
Aggressive HuaweiHuawei held an event at the Lotte Hotel, Seoul on Jan. 28 to demonstrate Public Safety-LTE (PS-LTE) technology, officially announcing its intent to be involved in the Korean...
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Korean Government to Make Extensive Change of e-Banking Regulations, Policies
Wide Open to Industrial CapitalThe daily limit on person-to-person transactions using mobile money transfer services like Bank Wallet Kakao will increase from 500,000 won (US$457) to 2 million won...
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Tens of Thousands from 170 Countries to Visit the City of Light
Gwangju 2015 UniversiadeMonday Dec. 15th marked a significant point in the build up to the Universiade Gwangju 2015, being exactly 200 days before the start of the games. While the big day is getting...
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