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Investor Meeting Sessions Held for Korean Startup Businesses in Europe
European Startup IRThe Global Startup Center of the Ministry of Science, ICT & Future Planning will hold demo day events in the Netherlands, Belgium, Luxemburg, and France from March 23 to 27 to...
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Samsung Maintains Top Smartphone Supplier Position in India in Q4 2014
Strong But UnstableAccording to market research firm IDC on Feb. 25, Samsung Electronics captured 22 percent of the Indian smartphone market in the fourth quarter of last year, which placed the company...
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Galaxy S Dual Edge to Have Weaker-than-expected Function Owing to Design
Form over FunctionThe popularization of curved displays, which are the first step toward flexible displays, is getting started through smartphones. Smartphones with curved displays that were first...
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Transparent Displays Becoming Reality
Transparent DisplaysAccording to market research firm IHS, the transparent display panel market is estimated to reach US$100 million in size this year, and to grow to US$87 billion in 10 years. At...
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Financial Fight for Asiana Airlines Heats Up
Buyout vs. BuyoutThe Shinsegae Group, a national retail giant, will fight with the Kumho Asiana Group to buy a controlling stake of Kumho Industrial. If successful, this move will be a major power...
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Samsung Electronics to Unveil 10 NM FinFET Process Technology
Nano CompetitionSamsung Electronics recently succeeded in developing a 14-nanometer FinFET process technology to attract Apple and Qualcomm, major customers of TSMC, as its customers. Under the...
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National Disaster Safety Communications Network Project to be Built Using PS-LTE
National Communications NetworkThe detailed plan for the national disaster safety communications network project worth over 2 trillion won (US$1.8 billion) was made public. However, there is increasing...
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US$25 Billion Will Disappear this Year Owing to Low Oil Prices
Low Oil PricesApproximately US$25 billion (27.5 trillion won) of overseas construction orders is expected to vanish due to plunging international oil prices. The overseas construction industry, which...
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Wage Peak Adopted by Major Business Groups
Wage Peak SystemAn increasing number of big businesses in Korea are adopting wage peak systems, with a retirement age extension scheduled to start going into effect in 2016. Those working for companies...
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Drones, Fintech Integral Components of Step 2
Regulatory ReformThe Korean government is relaxing regulations on fintech and unmanned aircraft, or drones, in hopes that they will create economic benefits and become part of the convergence industry....
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Samsung Electronics Freezes Salaries
Tightening All BeltsSamsung Electronics has decided to freeze the wages of its employees for the first time since 2009 due to the sluggish performance it recorded last year. Earlier, the Samsung Group...
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Korean Petrochemical Industry to be Most Affected by Korea-China FTA
Scapegoats of Free TradeThose in the petrochemical industry are unhappy about the provisionally-signed Korea-China FTA, because the synthetic resin and rubber imported from China wil be subject to...
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Samsung Begins Mass Producing Ultra-fast, Large Capacity Memory
Ultra-fast MemorySamsung Electronics has begun the era for ultra-fast memory chips based on Universal Flash Storage (UFS).Samsung announced on Feb. 26 that it started to mass produce 128 GB UFS-based...
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KT to Showcase LTE-H Technology with Samsung, Qualcomm at MWC 2015
First LTE-H DemoKT, Korea's second-largest mobile carrier, announced on Feb. 25 that it will demonstrate LTE-WiFi Link Aggregation or LTE-H technology at MWC 2015 in collaboration with Samsung...
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Samsung to Reveal Latest Network Technologies at MWC 2015
LTE Network DemonstrationSamsung Electronics announced on Feb. 26 that it will set up a separate booth for its network business at the MWC 2015 to be held in Barcelona, Spain in March, and unveil...
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Untangling the Financial Knot of the Samsung Group Almost Complete
Corporate Governance ReformSamsung Group has almost completed reorganizing its corporate governance, which is the first stage of structural changes in the group, along with the initial public offering...
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POSCO E&C Involved in Slush Fund Scandal
Overseas ScandalIt has been discovered an inquiry by the National Assembly on Feb. 26 that POSCO E&C executive members at an overseas construction site were internally punished in July last year...
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Household Debt Increased 6.6% to 67.6 Trillion Won Last Year
Household DebtThe Bank of Korea announced on Feb. 26 that the household credit balance increased by 67.6 trillion won (US$61.4 billion) to 1.089 quadrillion won (US$989 billion) between 2013 and last...
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Yuan-denominated Bonds Make Nice Shelter against US Interest Rate Hike
Fidelity’s RecommendationsFidelity Worldwide Investment manager Bryan Collins said that yuan-denominated bonds are one of the assets that will not be affected by a coming U.S. interest rate hike. He...
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South Korea Refuses North Korea's Unilateral Decision to Raise Wages for...
Wage Increase Request DeniedThe Ministry of Unification announced that it would refuse North Korea's unilateral decision three days ago to increase the minimum monthly wage of North Koreans working in...
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