Bracing for Xi Jinping era
Korean firms advised to rechart China strategies Korea Inc is widely expected to face fiercer challenges from Chinese rivals during the era of Xi Jinping who has just been elected by the ruling communist party there to lead the world’s second largest economy for the next 10 years. With the new Chinese president vowing to […]
Retail war deepens
Lotte plans to build giant outlet in Busan The country’s two largest retail giants will face off again in Busan. Lotte, the biggest retail chain, and its major rival Shinsegae have engaged in fierce competition for years to gain the biggest slice in industries such as department stores, discount stores and outlet malls in Seoul […]
Samsung plans not to sell Google TV in Korea
Samsung Electronics said Wednesday that it has no plans to sell sets supporting Google’s Web TV service in Korea. The move came as the TV service has received a lukewarm response in key markets such as Europe. “We got less attention for our Google TVs in Europe. Samsung doesn’t have any plans to release them […]
[Indonesia Report] Weakening of Indonesian currency serves cause for concern
![[Indonesia Report] Weakening of Indonesian currency serves cause for concern](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2012%2F11%2F0828412620X310.jpg&q=90&w=160&h=106&zc=1 "[Indonesia Report] Weakening of Indonesian currency serves cause for concern")
Indonesia Rupiah is becoming weaker in the last few weeks. IDR exchange currency to US Dollar keep experiencing pressure. Kompas.com published an article pointing out the concern on IDR currency devaluation, saying, “The rise of global negative sentiment seemed to leave no room for the rupiah to strengthen.” Kompas.com raised a question of when Indonesia Rupiah […]
KT, SKT may face credit downgrade
SK Telecom and KT, the country’s two leading wireless service providers, may face a credit ratings downgrade in the near future due to their excessive marketing war for new customers, Moody’s Investors Service said Tuesday. The global ratings agency also said E-Mart and Lotte Shopping, Korea’s two retail giants, have been placed under its negative […]
African connections
The government announced Tuesday that it plans to boost Korea’s trade with African countries with a goal to increase bilateral trade to $80 billion by the year 2020. The Ministry of Strategy and Finance said that it had a new set of measures that will boost economic support for African nations while benchmarking frontrunners such […]
‘Don’t alienate chaebol’
Regulator dubs `democratization of economy’ talks populist The nation’s chief financial regulator has called on the three presidential candidates to stop bashing chaebol and find ways of addressing economic polarization from a broader perspective. “We are mature enough to talk about the democratization of economy,” Financial Services Commission (FSC) head Kim Seok-dong said in an […]
Is Hyundai treated fairly?
A series of class action lawsuits have been filed or are being prepared against Hyundai Motor and its sister automaker Kia Motors for overstating the fuel economy of 13 of their vehicles sold in North America during the past two years. Although the two automakers quickly admitted to the misconduct and promised to reimburse owners […]
Nuclear policies up in the air
This is the last in a three-part series analyzing the latest issues confronting the country’s nuclear power plants. ㅡ ED. Whoever wins the presidency in the Dec. 19 election will seek to apply the brakes to the Lee Myung-bak administration’s increasing reliance on nuclear power as a source of electricity, analysts said Monday. All three […]
Iran workers warn Daewoo protests aren’t over
The leader of Iranian electronics maker Entekhab Industrial Group’s (EIG) labor union has vowed another major protest in front of the Korean Embassy in Tehran “very soon” if their return of deposit demands from Daewoo Electronics’ creditors are not met. “I can say as the representative of the labor union, if the down payment for […]
![[Novel] The Road to Shamawes ⑯](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2013%2F08%2FAshraf-2novel-news_9601.jpg&q=90&w=300&h=0&zc=1 "[Novel] The Road to Shamawes ⑯")
