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Korea asked to invest more in mobile patents
Mobile technologies are delivering huge benefits to consumers in Korea, small- and medium-enterprises (SMEs) and the local economy as a whole. However, the government should be more aggressive and invest more in patents. The Boston Consulting Group (BCG) said in its latest analysis that incentivizing technology innovators through strong patent…
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‘Hallyu’ content website opens in Chinese
A website providing cultural contents on Korea from shopping to travel and leisure opened in Chinese, Tuesday. Korea DMC (short for Destination Management Company), a service company providing in-bound travel-related contents for tourists, launched an online service called “Korea Top 10” (www.koreatop10.com). The website provides information on Korean celebrities, news…
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LG Uplus vows to lead 5G, IoT at new Yongsan office
LG Uplus’ new headquarters building in Yongsan, central Seoul. LG Uplus said Sunday it will shore up efforts to develop fifth-generation network and Internet of Things (IoT) technologies at its new headquarters in Yongsan. “LG Uplus has changed from the past when it was busy keeping up with other carriers…
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NK harder nut to crack than Iran, say experts
North Korea will prove to be a harder nut to crack than Iran, according to political analysts. This view follows a deal reached between Tehran and a group of world powers led by the United States on the Middle eastern nation’s nuclear program. The U.S. has already hinted at adopting…
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S. Korea to propose talks with N. Korea on Kaesong wages this week
South Korea will propose talks with a North Korean agency in charge of an inter-Korean industrial complex early this week to resolve disputes over wages for the North’s workers, officials said Sunday. In February, Pyongyang announced unilaterally that it will raise the minimum wage for its workers at the Kaesong…
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East Asia
An America that does not know China
Before China opened its doors to the world, the author has already foreseen the China that we see now, but was left worrying at a trance, thinking that, “China’s transformation to a capitalist system is inevitable. Now, what should we do?” This has been the common concern amongst the elite…
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East Asia
[Survey] Which city captures your heart?
Tourists of the world are all heading to Asia. About 200 million tourists visit Asia annually and based on the combined statistics of the ASEAN countries, about 100 million tourists visit Southeast Asia. A huge increase of migrants from other countries can be seen as well. Many are attracted by…
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Business
China’s Alibaba Committed to Help Empower Small Businesses in India
China’s e-commerce giant Alibaba’s executive chairman Jack Ma committed that would help empower small businesses in India, when he met with Indian Prime Minister Narendra Modi on Monday (March 30, 2015) in New Delhi. Modi also noted “Had a very good meeting with Jack Ma”. Modi reportedly is keen to…
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Business
Global Use of the Renminbi is to Fall
Use of the renminbi in global payments fell in March. The Chinese currency broke into the top5 most used payments currencies last year, overtaking the Canadian and Australian dollars. But in February, renminbi use dropped to 1.8% of global payments from 2.2%, nudging it back down to 7th in the…
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Chinese Property Developers Suffer Big Price War
Chinese property developers are forced to sacrifice profits to boost sales, as the downturn in the housing market saddles. Most of the record were listed steady rise in revenue, but sharp declines in profit for many are a symptom of aggressive price-cutting. Agile Property, increased 8% in 2014, but profits…
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