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Korean firms out to fix booze problem

Korean firms out to fix booze problem

Observers paint election preview on macro-economic data It’s obvious that the economy will be of greatest concern to voters when they head to the polling booths come December to pick a new president. So observers could do much worse than break down the recent economy-related numbers when making their predictions on which candidate will end […]

Cho Yang-ho’s dream

Cho Yang-ho’s dream

Can Hanjin chairman acquire KAI this time? Hanjin Group Chairman Cho Yang-ho is seeking to transform Korean Air, the conglomerate’s flagship unit and the country’s largest carrier, into a leading international aerospace company by acquiring Korea Aerospace Industries (KAI). He also hopes to expand its hotel business to create synergy with the airline and other […]

Winner’s curse?

Winner’s curse?

Can Woongjin chairman save troubled group? With Woongjin Holdings applying for court receivership, Wednesday, attention is being paid to how Woongjin Group Chairman Yoon Seok-keum will weather the biggest crisis of his business career. It seems that there are few options for the chairman. Given that he decided to put the holding company under court […]

Scientists aim to start stem cell therapy of Alzheimer’s by 2016

Scientists aim to start stem cell therapy of Alzheimer’s by 2016

A team of Korean scientists are striving to develop a stem cell therapy for Alzheimer’s disease by 2016 based on their latest discovery of how to grapple with the degenerative illness. The team, led by professor Suh Yoo-hun at Seoul National University and RNL Stem Cell Research Institute head Ra Jeong-chan, said that their findings […]

What defines real Gangnam style?

Korean rapper Psy is now credited for an ultra catchy tune and the Internet’s favorite dance. However, “Gangnam Style’’ in real-life appears to have more to do with department stores, expensive hairdos and golf than invisible horse riding, according to figures from the country’s biggest credit card company. Gangnam literally translates as “south of the […]

Ban on overexposure

Ban on overexposure

Teen sexualization on TV faces stronger censorship Television censorship authorities will strengthen moves to prevent teenage pop stars appearing in revealing clothing amid growing concerns about the media’s portrayal of young women as sex objects. Entertainment companies have been facing criticism that they are driving the sexualization of young girls in society as they become […]

Military more popular with jobseekers

Military more popular with jobseekers

Joining the military is usually regarded as one of the less desirable careers. But with an ever-shrinking job market and an uncertain economic outlook, an increasing number of people are regarding a military career as a stable alternative. According to Mileaders, a Seoul-based private education center, interest in military service exams has increased dramatically in […]

‘Ahnomics’ in the making

Software guru may focus on helping small firms, reforming chaebol After a state of indecision for months, computer software guru and Seoul National University dean Ahn Cheol-soo has finally thrown his hat into the presidential ring. But just who is he and what does he stand for? Despite his immense popularity and the massive amount […]

International lawyers in high demand

Domestic law firms are rushing to hire international lawyers to meet growing demand for qualified legal professionals eligible to practice law overseas amid rising legal disputes between Korean and foreign firms. Major Korean companies with global operations, including Samsung, are looking for law firms with experienced lawyers who can help them settle disputes with rivals […]

Patent troll?

Patent troll?

Experts criticize Apple’s move to triple damage payment from Samsung The patent hearing between Samsung Electronics and Apple in the U.S. on Sept. 21 is expected to be when the world sees the American technology giant turn into a patent monster. The firm is preparing to request record damages from its Korean rival, according to […]

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