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Samsung to Increase Tizen-based Smart TVs
IoT BlueprintAs Samsung Electronics is planning to supply SUHD TVs this year, it started to sketch out a blueprint to dominate the Internet of Things (IoT) platform.According to Samsung on Feb. 10,...
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Samsung, LG Represent Nearly 40% of Global LCD TV Market
Dominant PlayersThe combined share of Samsung and LG Electronics in the worldwide LCD TV market was reportedly 37.7 percent last year. Five Chinese companies were in the top 10, following the two...
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Low-priced Lenovo Tablets Enjoying Tremendous Popularity in Korea
Lenovo Gust in KoreaLenovo's low-priced tablets are immensely popular in Korea. The Chinese PC maker has emerged as a challenger in the local tablet market, which has been dominated by Samsung...
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ICT Exports Reach US$14.15 Billion in January Due to Strong Semiconductor Sales
Semiconductor PowerThe export of information and communications technology (ICT) products hit a record high in history in January, propelled by the shipment of semiconductors.The Ministry of Science,...
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IDG Capital to Assist in Korean Venture Firms’ Business in China
Incubator of Baidu, TencentThe Small & Medium Business Administration (SMBA) signed an MOU with IDG Capital on Feb. 10 to raise a Korea Venture Fund worth 100 billion won (US$91 million). The Korea...
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Amid Global 2% Net Fund Asset Decrease, Korean, Chinese Funds Increased
Only ExceptionsThe global fund amount dropped in the third quarter of last year, with the only exceptions being Korea and China. The Korea Financial Investment Association announced on Feb. 10 that the...
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Another Venture Consortium Aims to Strike 500 M&A Deals
Medicine or Poison?After Yellow Mobile, which was formed by 60 venture firms, another consortium has been created by 12 start-ups. As a result, the industry is paying a lot of attention to whether or...
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Korean Train Line Launched with Heated Carriage Floors
West Gold TrainThe Korea Railroad Corporation (KORAIL) has launched the “West Gold Train,” which has cars with an underfloor heating system similar to Korean “ondol.” Ondol is a traditional Korean...
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Export Price Index Drops to 82.71 in January, Lowest in 28 Years
Export Price DropExport prices dropped to the lowest level in January in 28 years, raising concerns over the profitability of exporters which are suffering a strong won and global oil price...
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CJ Group to Lead National Cultural Creation Convergence Belt Project
Cultural ConvergenceThe government and CJ Group are jointly pushing ahead with a project to build the virtuous cycle into the cultural content industry. Hosting the launch ceremony for the project...
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Korea Exposed to Foreign Exchange Speculators
Warning against SpeculationLIG Investment & Securities said on Feb. 11 that Korea could become a target of foreign exchange speculators if it is slow to defend the value of its currency. According...
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Major Business Groups’ Investment Estimated to be Over 34 Trillion Won
34 Trillion Won PlusThe combined investments of leading Korean business groups for this year are estimated to be 34.4 trillion won (US$31.0 billion).Samsung Electronics, for example, is kicking off the...
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Samsung, LG Display to Make 4 Trillion, 1 Trillion Won Investments Each in...
Investment in OLEDSamsung Display and LG Display have both established plans to make 4 trillion won (US$3.6 billion) and 1 trillion won (US$901 million) investments each into their respective OLED...
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Foreign Investors Fully Enjoying Bullish KOSDAQ
Bullish KOSDAQAccording to financial data provider FnGuide, foreign investors enjoyed an average gain of 30.56 percent in the KOSDAQ this year to outperform institutional (23.02 percent) and individual...
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Local Airlines to Put New Planes into Service
Brand New AircraftKorean Air and Asiana Airlines are set to strengthen their competitiveness by introducing state-of-the-art next-generation aircraft. According to an industry source on Feb. 11, Asiana...
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Tech Developed to for Non-invasive Microscopic Brainwave Measurements
Non-invasive Brain MeasurementsA Korean research team has successfully developed a technique to make a new material that can measure brainwaves without making an incision into a patient's scalp. A...
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Korea’s Direct Investment Overseas Reached US$35 Billion Last Year
Overseas Direct InvestmentKorea’s foreign direct investment dropped last year for 3 consecutive years. While investment in China showed a two-digit decrease, investment in the U.S. sharply increased...
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LG’s Three Home Appliances Prove Environmental Sustainability Competitiveness...
Proven CompetitivenessLG Electronics’ two high-performance double oven range models (LDG3036ST, LDE3037ST) received a Sustainability Certification from the Association of Home Appliance Manufacturers...
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KDB to Make Inroads into Australian Financial Market in Earnest
Finance CooperationAfter the launch of “integrated KDB,” Hong Ky-ttack, chairman of the Korea Development Bank (KDB Bank), has started finance marketing for the first time. Hong is planning to give...
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LS Industrial Systems Completes Construction of Japan’s Largest Solar Plant
Largest Solar Plant in JapanLS Industrial Systems (LS IS) has completed a 40 MW photovoltaic power plant in Mito City, Japan, in just 19 months. This is the largest solar power plant currently in...
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