Korean conglomerate Samsung reported a second straight quarter of falling operating profits. Operating profits fell 3.3% from this time last year. This was primarily due to sluggish high-end phone sales and increasing competition from Chinese handset makers. Financial experts also look to Samsung’s over-reliance on handset sales and are saying that the company should look for a different growth model.
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Yesterday, Obama returned 9 Korean royal seals during his visit with President Park Geun-Hye. He then became the first US President to tour Gyeongbok Palace, the famed royal residence of the Joseon Dynasty. The Korean government has been making extra efforts to locate and recover missing cultural treasures in recent years.
Three of the seals were state seals and the other six were ceremonial seals. The three state seals were used directly by former kings of the Korean Empire and Joseon Dynasty. The Hwangjejibo seal, dating back to 1897, was used by King Gojong after establishing the first post-Joseon kingdom. It is known as the Seal of the Emperor.
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