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Mobile Advertising Soon to Pass Internet Ads in Korea
Mobile advertising has been expanding fast in South Korea on the back of robust user demand and a growth in mobile payment, with its size to soon eclipse the Internet-based market, data showed today....
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Samsung Considering Raising its Dividend Payout
South Korean tech giant Samsung Electronics Co. said today it is considering raising its dividend payout for the year by up to 50 percent in order to boost shareholder value and join a drive to help...
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Prosecutors Raid LG Electronics Over Washing Machine Scandal
Prosecutors yesterday raided the headquarters of LG Electronics as a part of their ongoing investigation into allegations that some of its executives vandalized washing machines of rival Samsung...
View ArticleBusiness Maker Profile: Air France KLM’s Yu-Ming Sie
Haps talks with the 39-year-old Dutch native Yu-Ming Sie, commercial director of Air France KLM in Korea. Poll your average job seeker worldwide, and the boxes you’d likely find checked for the ‘ideal...
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Government Urges Gas Industry to Lower Fuel Prices
The government today pressured the local oil and gas industry to further cut petroleum prices. It comes as it pushes to pass on the benefit of tumbling global oil prices to consumers. The push,...
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Used Car Dealer Sales Tricks Exposed
Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent...
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Busan Center for a Creative Economy & Innovation Opened
Busan Metropolitan City, Lotte Group and the Ministry of Science, ICT and Future Planning held an opening ceremony for the Busan Center for a Creative Economy & Innovation at BEXCO on March 16,...
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Qingdao ICC to Open at BIFC in June
Qingdao Industrial and Commercial Center of China will open on the 53rd floor of Busan International Finance Center in June 2015. The Qingdao Industrial and Commercial Center in Busan will be...
View ArticleSouth Korean Exports Take Big Plunge
South Korea’s Ministry of Trade, Industry and Energy announced Monday that the country’s exports took their biggest fall in almost six years, fueling concerns that a slump in overseas sales is...
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Thinking about Sending Money Home? Hold That Thought
If you’re thinking of transferring money back home to pay off debt, to invest or for whatever reason, you might want to hold off for awhile longer as the South Korean won continues to fall against the...
View ArticleSome Good Economic News: Jobless Rate Declines
Some good news regarding the Korean economy: unemployment is down. According to Statistics Korea, the jobless rate dropped to 3.4 percent last month, down from 3.7 percent in July. All that glitters is...
View Article“Luna”, Korea’s New Midrange Smartphone Option
A collaboration between Korea’s less well-known IT vendor TG&Co, mobile carrier SK Telecom and Foxconn, a Taiwanese manufacturing company has produced a less expensive new smartphone called “Luna”....
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Most Expensive Apartment Rent in Korea? Prugio WorldMark in Seoul
Got a little extra money to spare to upgrade your living situation? Then Prugio WorldMark Towers in the Jamsil area of Seoul is your spot to pay the most expensive rent in Korea. According to the Korea...
View ArticleThailand Buys T-50 Trainers from Korea
Korea Aerospace Industries, South Korea’s lone aircraft manufacturer, has inked a $110 million deal with the government of Thailand to export trainer jets for use by the Thai military. The agreement...
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Apple iPhone 6s Available in Korea Starting Oct. 23
Apple’s latest iPhone 6s series will be available for purchase through Korea’s three mobile carriers on Oct. 23, with pre-orders are expected to start on Oct. 16. The devices have been available in the...
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ASEAN + 6 Meet About Trade Pact in Busan
Trade officials from ASEAN and six dialogue partners are in Busan this week to revive a regional free trade deal that has nearly stalled. The week-long meeting is for the Regional Comprehensive...
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Foreign Automakers Won’t Offer Refunds Despite Tax Cuts
Major foreign brands selling cars in South Korea have decided not to offer any refunds to their customers despite the government’s recent tax cut, claiming that it has already been reflected in their...
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Another Car Accident Claims 4 More Lives
Another traffic accident has killed four and seriously injured the 64-year-old driver of the car. It was when five family members were on a summer vacation to the beach. The Nambu police station said...
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KEB Hana Bank Simplifies Money Transfer With Text Messaging Service
In an effort to increase convenience, KEB Hana Bank has launched the country’s first text banking service allowing user to send money or check account information via text messages. The system, which...
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Korea Losing Ground to China as Top TV Producer Globally
According to the latest numbers from industry tracker IHS Technology, China’s share of the world television market hit a record high in the third quarter of 2016 — sharply narrowing the gap with top...
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