Economics of ramyeon
Instant noodle sales booming amid slump It is obvious that businesses face a harder time selling their goods when the economy is bad as consumers tighten their purse strings. But ramyeon makers are an exception to this norm as people with lighter wallets tend to eat more instant noodles as a cheaper alternative. Ramyeon producers […]
Chaebol exert bigger clout on bourse
Samsung Electronics, Hyundai Motor and Korea’s other top corporations have successfully taken advantage of the 2008 global financial crisis as a golden opportunity to emerge as a major player on the international stage. Samsung is now the world’s largest smartphone maker, edging out Apple and other global technology giants, while Hyundai and its affiliate Kia […]
‘Samgyetang’ to be exported to America
Korea has paved the way for its signature energy-boosting “samgyetang” (chicken stew with ginseng) to be exported to the United States as the traditional food passed a quarantine inspection on sanitation levels and other requirements. The Ministry of Foreign Affairs and Trade (MOFAT) said Monday that U.S. inspectors visited facilities of two processed samgyetang makers […]
Korea aims to breed 100,000 horses by 2022
The Korea Racing Authority (KRA) said Monday that it will breed up to 100,000 horses by 2022 and build more race tracks to make the horse industry a new growth engine. Under a plan dubbed “KRA’s Vision 2022 for the New Century,’’ the state-run racing organizer added that it would generate over 1.3 trillion won […]
Will K-pop continue to stay on top?
Is K-pop for real or the fluke of the century? While it’s difficult to call an imposter a $3.2 billion industry that has doubled its global sales in each of the past three years, production companies admit to concerns that their strength in highly produced, one-size-fits-all music is beginning to be duplicated by others. And […]
Credit card use tops 60% of spending
Koreans’ credit card usage accounted for more than 60 percent of the nation’s total private spending as more people use plastic to pay for goods and services, according latest data, Monday. According to the Credit Finance Association, a lobby group of credit card issuers, a total of 1.1 trillion won of goods and services was […]
SK chairman stresses Korea-China harmony
SK Group Chairman Chey Tae-won has pledged to expand in China and contribute to improving ties between Korea and the world’s second largest economy. “We should not forget how the Korea-China relationship was forged two decades ago and how it has improved to today’s level,” Chey said in a congratulatory speech during an international seminar […]
‘India is black swan’
A noted global economist said Wednesday that India and Australia are the two nations most vulnerable if their economic bubbles burst, forecasting that the global economy, particularly emerging countries, will further decline in the future. Andy Xie, former chief economist at the Asia Pacific office of Morgan Stanley, pointed out that the solid performances of […]
Knockoff Galaxy S3 to go better than genuine one in China
Knockoff Galaxy S3, similar with genuine smartphones not only in appearance but also in functioning, will be on sale in China just one month after Galaxy S3 of Samsung Electronics began to be marketed. The name of Galaxy S3 knockoff smart phone is ‘HDC Galaxy S3’, whose size and external appearance are almost same including user interpace(UI) of […]
Property-rich celebrities saddled with huge debt
Celebrities are envied for owning expensive buildings in rich neighborhoods. Some may live in the lap of luxury but behind the gaudy exteriors a closer look at the books shows not all is necessarily well and good. Bad luck seems to have some stars sinking in debt with sky-high mortgages due to plummeting real estate […]
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