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Uranium Enrichment Clause to be Included in Amended Korea-US Atomic Energy...
Non-proliferationNegotiations to amend the Agreement for Cooperation between the Korean and U.S. Governments concerning the Civil Use of Atomic Energy are about to be wrapped up in four years and five...
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Number of Venture Firms in January Exceeds 30,000, with Increasing Venture...
Venture BoomStarting a business is getting popular under creative economy policy initiatives, and thus a growing number of start-ups related to the ICT sector are being established. According to the...
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Korea Has Highest Comparative Advantage in Ships
Highest Competitive ProductAccording to data on Korea's competitiveness in its major products compiled by Shinhan Investment Corp and UN Comtrade on Feb. 8, ships (special vessels excluded) were 9.4 in...
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Korean Oil Companies Accelerate Efforts to Wean Themselves from Middle East
Away from Middle EastThe weight of imported Middle Eastern oil posted an all-time low in 2014, exceeding prior lows in 2010, 2011, 2012, and 2013 combined. The phenomenon is largely attributable to...
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Korea's Total Corporate Tax Weight 2nd Highest in OECD
2nd Highest TaxesThe weight of the corporate tax amount in the national total tax is the second highest among Organization for Economic Cooperation and Development (OECD) nations in 2013.The portion of...
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Prices of Overseas Flight Tickets Reversed amid Dropping Oil Prices
Reversed PricesOverseas flights provided by Korean Air and Asiana Airlines are generally more expensive than those of foreign airlines, but the price gap is disappearing and even reversing in an...
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KOSDAQ Perks Up Based on Growth Potential
Growing Technical MarketStock investors are focusing more on the KOSDAQ since the index broke the 600 point mark for the first time in six years and eight months. The securities analyst consensus is...
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This Year to See 33 Trillion Won Deficit, Largest since Financial Crisis in 2009
Fiscal DeficitThe Hyundai Research Institute said on Feb. 8 that Korea is likely to record a fiscal deficit of at least 33.4 trillion won (US$30.5 billion) this year. This is the highest amount since...
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Korean Banks Rushing to Southeast Asian Markets
Seeking More ProfitsKorean banks are focusing on overseas Asian markets, including the Philippines and India, so as to cope with the current low interest rate trend by means of their economic growth...
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Samsung Spying on Living Rooms Hurts Smart TV Brand Image
Gross Privacy ViolationsU.S.-based tech media outlets like The Daily Beast, Techcrunch, and Gizmodo are all buzzing about Samsung TVs, but not in the good way. This time they are talking about...
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Korea Investment & Securities, KDB Daewoo to Become Main Beneficiaries of KRX...
Korea Exchange IPOThe initial public offering (IPO) of the Korea Exchange (KRX), which was de-listed as a public institution last month, is drawing a lot of attention in the stock market. When the KRX...
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South Jeolla Province Facing Undisclosed Penalty for Not Holding F1 Race
F1 DisasterFormula One Management told the F1 Organizing Committee of South Jeolla Province to pay a penalty for not holding an F1 race this year. The specific amount of the penalty has not been...
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Samsung Considers Withdrawing Smartphone Business from Japan
Withdrawal from Japan?Samsung Electronics chose Japan as the first country in which to release the Galaxy Note Edge in October 2014, where YOUM technology was used on both sides of the phone. The...
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New Tech Brings Era of
Angstrom Era ImminentA Koran research team has successfully developed a technology to manufacture semiconductors smaller than 1 nm within a large area. A research team headed by Ahn Jong-ryeol and Dr....
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Taxi Heat Storage Units to Save Seoul 1.8 Billion Won
Win-Win SavingsThe Seoul City Government announced on Feb. 9 that it will pursue an initiative to reduce air pollution by installing heating devices on taxi that can work even when the engine is...
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Telecoms Operators Concentrating on Fintech
Next MarketplaceKorean mobile carriers are reforming their fintech services, such as mobile payments, while working on an increasing number of new fintech technologies and products. This year, fintech...
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Korean Scientist to Lead Humanoid Robot Development for U.S. Navy
Disaster Prevention RobotUCLA professor Dennis Hong leads the development of more practical and functional humanoid robots for the U.S. Navy. The professor announced on Feb. 9 that the Office of Naval...
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Building Prices of New ships Likely to Drop in Heated Competition
Heated CompetitionJapanese shipyards have won 14 shipbuilding contracts, equivalent to 991,000 CGT, last month to record a market share of 45.9 percent and beat their Korean and Chinese rivals. The...
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Information Sessions Held for Korean Startup Businesses in US
One Stop Startup SolutionThe Ministry of Science, ICT and Future Planning announced that it will kick off information sessions in Seoul, Daejeon, Daegu, and Busan from Feb. 9 to provide information to...
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Suicide Costs South Korea 6.48 Trillion Won Per Year, Socially Speaking
Social Cost of SuicideThe yearly social losses due to suicide have been calculated to be 6.4769 trillion won (US$5.9118 billion) in South Korea.On Feb. 9, the Health Insurance Policy Research Institute...
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