Naver losing grip in Korea
Portal firm’s growth potential ebbing away as it sticks to comfort zone Naver, Korea’s biggest Web portal, is losing its grip on the domestic market. The local search giant is being cornered, needing to diversify its business portfolio amid a rapid rise of social networking services (SNS), according to market analysts. Though Naver is still […]
Plenty of bang for buck
Samsung Electronics chalks up record profits on mobile sales Samsung Electronics posted its best quarterly operating profit during the first three months of this year and is expected to improve on it during the seasonally-favorable second quarter. The world’s biggest supplier of flat screens, memory chips and smartphones reported 45.27 trillion won Friday in first-quarter […]
Creativity mixed with a dose of realism
A recurring argument seems to be that Korea is not a creative nation. There are numerous commentaries criticizing Korea for producing students who can memorize huge chunks of information but cannot express their ideas and there are various media outlets that disparage Korean companies for not being innovators. While being subjected to such reports, we […]
Imported beef’s safety
Has government learned no lessons from 2008? Upon the report of another case of mad cow disease found recently in the United States, many Koreans recall events four years ago. Unfortunately, they will likely continue to compare 2012 with 2008, given the lamentable lack of change in the government’s behavior in dealing with the foremost […]
Russia more flexible than China on N. Korean defectors
North Korean loggers in Russia successfully arrived here earlier this month with help from the South Korean Embassy in Moscow. It shows the contrasting stance between Russia and China in dealing with the defectors from their neighbor. According to government sources and comments made by Kim Hee-tae, head of a North Korean human rights religious […]
Main opposition party in feud over collusion
Former Prime Minister Lee Hae-chan and Rep. Park Jie-won of the main opposition Democratic United Party (DUP) clashed with their political rivals Thursday over the allegation that the two political heavyweights had a secret pact for party leadership posts. The two were on a collision course with their archrivals due to allegations that they agreed […]
Samsung Electronics reports 81% surge in Q1 net
Samsung Electronics Co., the world’s largest maker of computer memory chips, said Friday that its first-quarter earnings surged 81.3 percent from a year earlier, fueled by strong sales of its Galaxy smartphones. Net profit amounted to 5.04 trillion won ($4.44 billion) in the January-March period, compared with a net income of 2.78 trillion won the […]
Masdar project to complete UAE’s miracle
The United Arab Emirates is emerging as a key destination for travelers from around the world with year-round sunshine, pristine beaches and spectacular sand dunes. Such a natural environment, large oil and gas reserves and a cosmopolitan lifestyle make the UAE an excellent place to live and work. Ever since the establishment of the UAE […]
Tourists flock to Myeong-dong
Cosmetics most popular product among Chinese, Japanese Seoul’s Myeong-dong shopping district is the most popular tourist attraction among Japanese travelers, while Dongdaemun (east gate), another giant shopping area in the capital, is the most sought-after location among Chinese visitors, a survey showed Thursday. Inbound travelers from the two neighboring countries constituted more than half of […]
‘Korea, US cut secret beef deal’
Lawmaker claims gov’t complied with US demand for softer stance An opposition lawmaker alleged Thursday that the government promised the United States not to discontinue American beef imports even if a new case of mad cow disease was reported in a secret deal made in 2008. Rep. Park Joo-sun of the main opposition Democratic United […]
Media in Tie-up with The AsiaN 
Trump, Kim, and the Three P’s of Summit Diplomacy: 
