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Goodbye Korea
9 April 2014 - 6:47pm
Multinational companies are expanding their support into other emerging Asian markets while reducing support for and organizations in Korea, due to Korea’s slowing IT growth. The “Exit Korea” trend...
Impending Disaster
9 April 2014 - 6:36pm
In light of Microsoft (MS) ending its Windows XP support, a voice is being raised that an alternative Operating System (OS) is needed and a consensus is forming that we should no longer depend on one...
Pilgrims gather for the Ashura ritual in Karbala, Iraq, on Jan. 19, 2008. The 10-day event commemorates the death of Imam Hussein, the grandson of the prophet Mohammad, 1,300 years ago. Inset: Map of Karbala in Iraq.
Construction Abroad
9 April 2014 - 6:23pm
According to the data, local companies’ overseas plant order amounts have surged this year. The Ministry of Trade, Industry and Energy announced on April 7 that the first quarter posted overseas...
Innovation of Corporate Governance
9 April 2014 - 5:53pm
The Samsung Group is in pursuit of seamless innovation. The recent mergers between Samsung SDI and Cheil Industries, and Samsung General Chemicals and Samsung Petrochemical, which were determined in...
The thermoelectric module, when attached to someone's arm, can produce electricity from body heat.
Revolution in Charging Technology
9 April 2014 - 5:27pm
A Korean research team has developed a new technology to power wearable devices with body temperature, with wearable devices emerging as a next-gen platform following smartphones.  The Korea Advanced...
Ulsan, a city in the southeastern area of South Korea, is home to a lot of refinery infrastructure.
Earning Shocks
9 April 2014 - 5:12pm
Major Korean oil and chemical companies are expected to record an earnings shock in the first quarter of this year. Securities companies forecast that oil refiners’ operating profits have dropped by...
The corporate headquarters of several of the most well-known conglomerates, or chaebol, in Korea.
Joint Growth
9 April 2014 - 3:56pm
The 30 major business groups in Korea, including Samsung, Hyundai Motor, SK, LG, POSCO, Lotte, Hanwha, and GS, spent 1.7161 trillion won (US$1.6475 billion) this year for the purpose of joint growth...
Ordinary Wage
9 April 2014 - 3:43pm
The labor world and employers are about to have the final talks over the shortening of working hours to 52 hours a week and the scope of ordinary wages.  The Environment and Labor Committee of the...
ODA Assistance
9 April 2014 - 3:34pm
Korea ranked 16th out of the 27 member countries of the Development Assistance Committee (DAC) of the OECD on the list of official development aid (ODA) providers.  The Ministry of Strategy and...
Dokdo Island as it looked on Jun 28, 2008. (Photo by Meojjin Mandu via Wikimedia Commons)
Sovereignty of Dokdo
9 April 2014 - 3:10pm
The National Geospatial-Intelligence Agency (NGA) of the United States designated the Dokdo Islands as a part of the territory of Korea.  What is drawing attention is the fact that it used all of the...
The Hyundai Busan container ship, run by Hyundai Merchant Marine, unloads at the Port of Los Angeles on November 2, 2013. (Photo by Corey Seeman via flickr)
Foreign Trade Dependence
9 April 2014 - 3:01pm
The ratio of exports and imports to the gross national income (GNI) of Korea is on the decline, although it has remained over 100 percent for three consecutive years.  The ratio is a type of...
President Park Geun-hye and Australian Prime Minister Tony Abbott at a joint press conference after a summit in the Blue House on April 8.
Korea-Australia FTA
9 April 2014 - 9:37am
South Korea’s Trade, Industry and Energy Minister Yoon Sang-jick and Australia’s Trade Minister Andrew Robb signed a bilateral free trade agreement (FTA) in Seoul on April 8. The pact will take...

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