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IT-Science
Samsung SDI strikes energy deal in Germany
Samsung SDI, said Wednesday that it signed a memorandum of understanding (MOU) with German-based KACO for the cooperation of mutually-interested businesses and to supply SDI’s fine-tuned energy storage system (ESS) solutions. The agreement came during SDI’s CEO Park Sang Jin’s participation of an industry forum in Munich, Germany. Under the…
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IT-Science
M&A frenzy
SK hynix takes over US LAMD to bolster NAND flash business SK hynix has been in the limelight in the global M&A market after taking over two foreign companies in the past month, a move seen as SK Group’s attempt to foster the chipmaker as its growth engine. The bold…
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Column
Positive developments in Asia
“The most economically vibrant region in the world,” is how China Premier Wen Jiabao immodestly but accurately described Northeast Asia at the recent Beijing summit. Financial fixation on Europe has led to shortchanging positive developments in Asia. Businesslike Beijing discussions last month are useful for enervated Europeans in need of…
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Column
Korean lessons for eurozone
Looking at Europe’s stumbling efforts to deal with the eurozone’s sovereign debt crisis, I can’t help but make comparisons with how Korea dealt with its severe economic woes during the 1997 Asian financial crisis. And I think Korea’s response then offers important lessons now to Greece and Europe’s other debt-ridden…
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West Asia
Major news in Jordan on June 21: Protest at Parliament over passing elections law
Top news in <Ammon>: Protest at Parliament over passing elections law Dozens of activists and opposition parties members on Wednesday protested in front of the Parliament over endorsing the 2012 draft law to be discussed by the Senate House soon. They threw tomatoes at the parliament building in Alabdali area…
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West Asia
Major news in Yemen on June 21: PM affirms full support for Yemeni women
Top news in <Saba>: PM affirms full support for Yemeni women Prime Minister Mohammed Salem Basindwa asserted on Wednesday his strong support for Yemeni women and their participation in forge Yemen’s future. During the women local conference held in Aden, Basindwa underlined the importance of women’s participation in the national…
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Society
Drought feared to worsen food shortages in N. Korea
Experts predict that the dry spell in North Korea will worsen food shortages by affecting cereal and vegetable crop production in the already poverty-stricken nation. They said the corn that was planted between mid-April to early May will be one of the crops most severely affected by the lack of…
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Society
Taxi drivers stage massive strike
Cabbies threaten additional action in latter half About nine out of 10 taxis were at a standstill Wednesday, as drivers staged a massive strike, calling for a pay rise and recognition of taxis as public transportation. The drivers threatened to launch additional action in the latter half of the year…
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Society
‘1965 treaty didn’t settle all issues’
Japan’s accountability for occupation remains outstanding This is the third of a series of interviews regarding how Japan should take responsibility for its colonial rule in Korea; and the 1965 Treaty on Basic Relations between Republic of Korea and Japan ― ED. A Japanese expert on Korea-Japan relations said Tokyo’s…
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Business
Small biz struggle to make ends meet
Poor self-employed emerge as time bomb Korea’s self-employed population is swelling like a balloon due to a decaying job market that has sidelined millions of people and forced them into starting their own businesses. With economic activity squeezed to a pulp, there is a rapidly growing intersection between low-income earners,…
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