Restructuring in full swing
POSCO sells non-core assets; SK decentralizes POSCO, SK and other large business groups here, which have seen their bottom lines deteriorate, have begun taking preemptive measures to better cope with worsening business conditions at home and abroad. Some conglomerates are rushing to dispose of non-core units to raise much-needed cash in anticipation of more unfavorable […]
Convenience store republic of Korea
24-hour shops multiplying at rapid rate but that doesn’t mean their business is thriving These are dreadful times for small businesses but convenience stores seem to be defying the odds as they begin to cover Korean streets like a blanket. Still, it’s debatable whether thriving is the right word to describe the increase in 7-Elevens […]
Japanese Gov’t Employs One Way Or Another To Fend Off Faltering Economy
People inspect flat-panel TVs at a discount store in Tokyo Friday, Oct. 26, 2012. Japan’s Cabinet approved a 423 billion yen ($5.3 billion) economic stimulus package on Friday, moving to fend off recession amid signs the recovery in the world’s third biggest economy is faltering. The decision coincided with news of a 0.1 percent fall […]
‘Gangnam Style’ means business
Seoul conference to discuss potential of Korea’s pop culture exports Korea’s meteoric rise as an economic power has been driven by exports of televisions, mobile phones, cars and ships. It bears further watching as to whether soap operas, movies and music will prove to be the next big thing in the country’s expanding export lineup. […]
Korea 8th in business environment
Korea ranked eighth on the ease of doing business list this year, unchanged from a year ago, remaining in the top-10 list for two consecutive years, the finance ministry and the World Bank said Tuesday. The country was second in terms of enforcing contracts, showing that its judicial system provides effective commercial dispute resolution, a […]
‘Unification costs will depend on NK wages’
South Koreans just can’t decide whether they want their country to unify with the North or not. One moment they get starry eyed imagining a bigger country with more political and economic clout but the next they worry about the enormous price tag attached to the combined country and social reshaping. A former German policymaker […]
Dr. Lee – woman pioneer
Leading gynecologist builds network of hospitals, research centers This is the third in a series of interviews with prominent women leaders in the country’s financial and business sectors. Sponsors for this series include the Industrial Bank of Korea, Women in Innovation and Korea Network of Women in Finance. – ED. Entering the Global Campus of […]
Doha Bank ready to finance Korea builders
Doha Bank Group CEO Raghavan Seetharaman said that the bank will step up efforts to finance Korean builders seeking to get the upper hand in the Arabian Gulf region where huge business chances are awaiting them. In an interview with The Korea Times Thursday, the head of the third-largest Qatari lender by assets said that […]
Supergiant Offshore Oilfield In Kazakhstan Ready To Pump Oil From 2013
This August 2012 photo provided by North Caspian Operating Company, NCOC, shows Kashagan offshore oilfield in western Kazakhstan. The supergiant field, which is believed around 13 billion tons of recoverable oil, is expected to begin producing its first crude in 2013 after many years of delays. <AP Photo/North Caspian Operating Company> In this Oct. 11, […]
Psy most sought-after model for advertisers
Psy, a 35-year-old chubby rapper and also a father of twin baby girls, has become the country’s most sought-after model for corporate advertisers these days, with his global hit “Gangnam Style’’ and comical horseback riding dance sweeping the planet. Companies that have signed Psy to promote their products have hit a sales bonanza on the […]
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