LG Display Holds Ceremony to Celebrate Installation of 8th Gen OLED...
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA-Â LG Display held on August 1 a ceremony to install an eighth-generation OLED production line at its Paju P9 plant. This was...
View ArticleJuly Exports Grow 2.6% Despite Negative Factors
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA-Â July exports have turned to a positive growth in only a month, largely thanks to a rise in exports to the EU and a lull in...
View ArticleJuly Consumer Prices Rise 1.4% from a Year ago
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- The Korea Statistical Office said on August 1 that the July consumer prices have risen 1.4 percent from a year ago, largely...
View ArticleBanks under Pressure to Close Unprofitable Branch Offices
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Major commercial banks are in a dilemma on whether to close unprofitable branch offices.Although they are under pressure to...
View ArticleUniConverse Purchases Korean Air Shares
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- UniConverse, the company owned by the third-generation scions of the Hanjin Group founding family, has purchased shares of...
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Daewoong Pharmaceutical Acquires China's Liaoning Baifeng
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Daewoong Pharmaceutical said on August 1 that it would acquire Liaoning Baifeng, a Shenyang (Liaoning Province)-based...
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IKEA Gets Approved to Enter Korea
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com)SEOUL, KOREA- IKEA, the world's largest seller of ready-to-assemble furniture and home accessories, has been given an approval to open...
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Dongwon F&B Announces Milk Price Freeze
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- As the government puts a brake on milk prices, milk suppliers and supermarket operators are fretting over the mounting loss....
View ArticleJuly Air Passenger Number at Incheon Airport Hits 3.3 Mil.
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- The number of air passengers who passed through Incheon International Airport during the month of July was 3,317,306, the...
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Asiana Airlines Opens Second Aircraft Hangar Near Incheon Airport
Friday, August 2nd, 2013Korea IT Times (info@koreaittimes.com)SEOUL, KOREA- Asiana Airlines said on August 1 that it has opened a second aircraft hangar in Woonseo-dong near Incheon International...
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The World's First Wireless Electric Bus to Debut in Gumi
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com)SEOUL, KOREA- The world's first wireless electric bus will be in operation on the road. The Ministry of Land, Infrastructure, and...
View ArticleNAND Prices Fall as Smartphone Growth Slows
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Amid worries over a slowdown of the smartphone market, the prices of NAND flash memory chips, a core component of...
View ArticleGov't Sets 2014 R&D Budget at 17.4 Tril. Won, up 1.5%
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- The government has set its 2014 R&D budget at 17.40 trillion won, up 1.5 percent from the previous year's 17.14 trillion...
View ArticleSamra Midas Group Likely Win Korea Line Bidding
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- In a bidding war to acquire Korea Line, a shipping company under a workout program, Samra Midas Group has become the most...
View ArticleSamsung Eng. Price Soar on Rumor of Samsung C&T's Equity Purchase
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Samsung C&T said on August 2 that it would soon clarify the rumors that it is taking a stake in Samsung Engineering.At...
View ArticleCommercial Banks' 2Q Net Profit Plunges 48% to 1.1 Tril. Won
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- The second-quarter net profit for 18 commercial banks in Korea has shrunk to 1.1 trillion won, almost a half of that a year...
View ArticleSanta Fe and K9 Win "Cars of the Year" Awards in Middle East
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Hyundai and Kia said on August 2 that their Santa Fe and K9 models won the cars of the year awards in the Middle East. Kia...
View ArticleDaewoo Int'l to Move into Tight Oil Business in Canada
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Daewoo International will set out to develop "tight oil" fields in Canada. Tight oil is a petroleum play that consists of...
View ArticleU.S. ITC Postpones Ruling on Samsung-Apple Patent Infringement Dispute
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- The U.S. International Trade Commission said on August 1 that it would postpone a decision on whether some of the mobile...
View ArticleMajor Korean Oil Refiners' Import Prices Compared
Monday, August 5th, 2013Korea IT Times (info@koreaittimes.com) SEOUL, KOREA- Korea National Oil Corp. said on August 4 the average per-barrel import price of crude oil for S-Oil for the first half was...
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