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Korean Re Volunteer Group Works at Typhoon Ravaged Region in the Philippines
Volunteer ActivitiesKorean Reinsurance Company (Korean Re) visited Haiyan again, a typhoon-stricken region in the Philippines, and participated in damage recovery work for local residents, just as they...
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DSME Obtains US$200 Million LNG Carrier Contract
US$200M LNG ContractDaewoo Shipbuilding & Marine Engineering (DSME) has signed a contract with Mitsui OSK Lines to build an LNG carrier. The eco-friendly ship is 297.2 meters in length and 46.4...
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Samsung to Release Wireless Access Point for Corporate Use
Wireless AccessSamsung Electronics is going to introduce an outdoor wireless Access Point (AP) for corporations, named WEA453e. The Korean tech giant, which already released 9 types of indoor APs,...
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Korea Ranks 16th in National Brand Value
National Brand ValueBrand Finance released its annual national brand power report for 2014 on Feb. 12. According to it, Korea’s brand value increased 29 percent year-on-year to US$997 billion. Although...
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Korea-Japan Currency Swap Likely to Expire with No Extension on Feb. 23
Pride FightThe Korea-Japan currency swap has been a hot-button issue every time before its expiration. When former President Lee Myung-bak visited Dokdo on Aug. 15, 2012, bilateral relations cooled...
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Samsung Electronics Embarks on Project to Wean Itself from Qualcomm
Independence from QualcommAccording to industry sources on Feb. 11, Samsung Electronics' system LSI business is stepping up efforts to develop a high-performance single-chip solution with the...
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Microsoft, Google, Apple Intensify their Monopolistic Positions in Korea
Deepening MonopolyLast year, Microsoft, Google, and Apple were found to monopolize ecosystems for computer and mobile devices, and a software ecosystem in the country, including web browsers, using...
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Competition for 10 NM Class Mobile AP Expected to Heat Up
10 NM CompetitionCompetition for 10-nanometer-class application processors (APs) is intensifying. Like Samsung Electronics, Intel is also mounting a serious challenge to the world's number one AP maker...
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Korean Semiconductor Makers Account for 70.4% of Global DRAM Market in Q4 2014
Market DominanceAccording to semiconductor e-commerce site DRAMeXchange on Feb. 12, the combined share of Samsung Electronics and SK Hynix in the global DRAM market reached a record high of 70.4...
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Samsung Electronics Seeking to Prosper with 50 Hidden Champions
Nurturing Hidden ChampionsSamsung Electronics selected 13 business partners as this year’s hidden champions. It is going to choose 50 such companies before the end of this year to concentrate its...
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CJ E&M to Hold KCON in Japan in April
Hallyu ConferenceA Hallyu (Korean Wave) convention will be held in Japan this year, put on by KCON. This will be the first time that a Hallyu convention will be held outside of Los Angeles.CJ E&M...
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Korean Solar Companies Benefit from Anti-dumping Restrictions on Chinese...
Reflective BenefitTrade frictions regarding solar power parts between China and the U.S. have positive impacts on the domestic solar companies. According to the industry on Feb. 16, the U.S. government...
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Ildong Pharmaceutical Acquires Patent on Production Method of Ultra-high...
Patent on ExpertiseIldong Pharmaceutical has recently acquired a U.S. patent on the method for the production of ultra-high molecular weight hyaluronic acid using fermentation. The company has received...
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Korea-Japan Currency Swap Agreement Expires
Korea-Japan FinancesThe Ministry of Strategy & Finance and the Bank of Korea announced on Feb. 16 that the US$10 billion currency swap agreement between Korea and Japan would expire as planned on...
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Samsung to Finally Mass Produce 14 nm Mobile Application Processor
Exynos 7 OctaSamsung Electronics will start to mass produce its new mobile application processor (AP) using its 14 nm class process technology. What is noticeable is that the success or failure of the...
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Foreign Equity Ratio in Banking Sector Reaches New High
Dividend EffectForeigners’ equity ratio in Korean financial companies has hit a new high. It is being said that this is because they invested more in the companies for more dividends after the...
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Specific Classification Needed for Financial Companies to Invest in Fintech...
Investment in FintechFinancial companies’ investments in fintech companies will be allowed starting next month. Still, the issue of the classification of fintech companies remains to be handled. In...
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Four National R&D Projects Begun for Future Growth
National R&D ProjectsThe Ministry of Trade, Industry & Energy announced on Feb. 16 that it kicked off four national industrial R&D projects ahead of the nine others scheduled to start...
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Tech Developed to Make Lunar Rover Capable of Operating in Extreme Environments
Korean Lunar ProbeOn Feb. 16, a research team led by Dr. Gang Sung-cheol at the Korea Institute of Science and Technology unveiled a prototype of a lunar rover, which is planned to be on the moon...
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EPIC Sports Festival Coming to Gwangju
2015 Summer UniversiadeThe 28th Summer Universiade will be held in Gwangju and all across Jeolla Province from the 3rd to the 14th of July 2015. Under the slogan “Light up tomorrow,” the global sports...
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