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Korea Exchange Expected to Accelerate Export of IT Infrastructure with...
New Start for Seoul BourseThe Korea Exchange (KRX) was released from the public institution list on Jan. 29, so it is now free from direct government control, including budget compilations and audits...
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Daewoo E&C Operating Profits Reach 415.5 Billion Won Last Year, Highest in...
Highest Profits EverDaweoo Engineering and Construction (Daewoo E&C) achieved the largest sales and operating profits last year since the financial crisis in 2008.Daewoo E&C reported on Jan. 29...
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CJ Cheil Jedang Aims for Methionine Market Worth 5 Trillion Won
Bio-fermentation MethionineCJ Cheil Jedang has started producing L-methionine in its plant. Earlier, the company and France-based Arkema jointly invested US$400 million (437.4 billion won) in the...
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First 4DX Cinema in Western Europe Opens in UK
4DX Cinema in LondonA 4DX theater opened in London, the U.K. 4DX is a new latest motion picture technology hoping to to lead the global film market. Along with the UK cinema chain Cineworld, CJ 4DPLEX,...
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KAI Aims at 10 Trillion Won of New Orders, 3 Trillion Won of Sales This Year
Emphasis on ExportKorea Aerospace Industries (KAI) aims to reach 10 trillion won (US$9.1 billion) worth of new orders and 3 trillion won (US$2.7 billion) of sales as this year's business goal.On Jan....
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Qualcomm Indirectly Confirms Rumors about Breakup with Samsung
Chicken Instead of PheasantQualcomm is getting a lot of attention since implying a breakup with Samsung while explaining future earnings estimates in its Jan. 29 briefing on 2014 fourth quarter...
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Samsung, LG to Invest 45 Trillion Won Altogether This Year
Preparation for FutureSamsung and LG Electronics will invest 45 trillion won (US$41 billion) combined towards R&D and facilities expansion this year. The number is about 12 percent of the Korean...
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Samsung, Apple Occupied Top Spot Simultaneously in Q4 2014
Same Same, but DifferentApple achieved its highest-ever quarterly figures in the fourth quarter of last year, thanks to the huge popularity of the iPhone 6 and iPhone 6+. Consequently, it became the...
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POSCO, Hyundai Steel Shake Off Difficulties
Better Than ExpectedPOSCO and Hyundai Steel, the two most prominent companies in the local steel industry, performed better than expected in 2014, despite oversupply in the global market and inflows of...
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2015 Goesan Int’l Organic Expo, Industry Fair in September
ISOFAR 2015 GoesanThe 2015 Goesan International Organic & Industry Fair will be co-hosted by 3 organizations: Chungcheongbuk-do, or North Chungcheong Province, which set its 2020 policy objective...
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Korean Air Chairman Cho Yang-ho Stresses Communication, Flexibility
Changing Corporate CultureIn the wake of Cho Hyun-ah, former vice president of Korean Air Lines, being put on trial on charges of compelling a taxiing plane to return to its gate, and assault against a...
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Samsung Targets B2B Market in Latin America by Acquiring Brazil's Largest...
Strengthening Printer BusinessSamsung Electronics has bought Simpress, the largest printing solution provider in Brazil.On Jan. 30 (local time), the Korean tech giant purchased a 100 percent stake in...
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Korean Government to Closely Monitor Monopolistic ICT Firms like Google, Apple
Against Unfair TradeThe Korea Fair Trade Commission (FTC) will create a task force for ICT this year and closely monitor SNS service providers and operating system providers.The country’s anti-trust...
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Tech Developed to Make Graphene Batteries 10x Smaller, Same Strength
Graphene BatteriesA Korean research team has successfully developed a technology to make a sponge-like electrode material using graphene and a polymer, leading to a graphene battery. The...
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Noise #1 Complaint for Imported Car Owners, Engine for Domestic Car Users
Different ComplaintsThe engine was identified as the most frequent consumer complaint about domestic vehicles, and noise about imported vehicles, respectively, by car owners in Korea.According to...
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Hyundai Motor Group 8.8% of Global Auto Market Last Year
Global Market ShareThe Hyundai Motor Group sold 7.712 million cars around the world in 2014, recording 4.7 percent growth from a year ago.The sales volume is equivalent to 8.8 percent of the global...
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Institutional Investors’ Shareholder Engagement Increasingly Demanded
Active Voices NeededVoices calling for a more active role from institutional investors in exercising stockholder rights are on the rise. The role of institutional investors, which are responsible for...
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Korea Representing 3.35% of Global Export Market
Int’l Trade PerformanceAccording to the Institute for International Trade of the Korea International Trade Association, Korea’s export growth surpassed the global average trade growth each year between...
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Japanese, Chinese Capital Exerting Increasing Influence in Korean Financial...
Yen, Yuan InfluxForeign capital is expanding its scope of business in Korea to banking, insurance, and securities as well as lending and savings banking, with their Korean counterparts bound by...
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Small, Medium Securities Firms Subject to M&As with Change in Korea Exchange...
Restructuring Securities IndustryThe Korea Exchange is planned to be classified as a non-public institution for the first time in six years. This is expected to help smaller securities firms’ business...
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