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North Korea has launched its first online shopping mall
North Korea launched its first online shopping mall, called Okryu, on Apr. 1. / Yonhap North Korea has launched its first online shopping mall, the regime’s state-controlled media reported Tuesday. The Korean Central News Agency (KCNA) said the North opened the shopping mall, called Okryu, last Wednesday, offering various items…
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More Korean farmers are turning to online shopping
/ Yonhap According to online retailer auction, sales of agricultural equipment rose about 200 percent last year from 2013. “More young people have returned to farming, and they tend to buy machinery online,” a company spokesman said. The company’s sales surged 378 percent last month from the same period last…
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‘Gangnam Style’ expands YouTube’s view limits
K-pop singer Psy’s megahit “Gangnam Style” has drawn unexpectedly high view counts on YouTube, so much so that Google had to reform the system to expand the maximum limit. The music video surpassed 2.26 billion views as of Wednesday, which exceeds the online video provider’s view counter. YouTube-owned Google had…
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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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