Why is Incheon Airport up for sale?
The Lee Myung-bak administration and the government are facing a strong backlash in their attempts to sell Incheon International Airport and privatize one of the world’s most modern and profitable transport hubs. Many people are scratching their heads as to why the government is stubbornly sticking with its immensely unpopular initiative of selling the airport. […]
It will get worse
Korea faces greater downside risk in 2nd half The Korean economy will face greater downside risks in the second half of this year, with exporters having a harder time shipping goods overseas due to the prolonged European debt crisis and other external negatives, the Korea Chamber of Commerce and Industry (KCCI) said Tuesday. The lobby […]
Bahk criticizes chaebol bashing
Strategy and Finance Minister Bahk Jae-wan expressed concerns Tuesday over the deafening chaebol bashing and welfare speechifying ahead of the December presidential poll. Bahk accused political parties of myopia and backwardness, and defending the country’s economic policies in support of big businesses. Talking to reporters on the sidelines of the Yeosu World Exposition, Bahk said […]
IBM Korea under investigation
Tech firm suspected of dumping products on sales agent The nation’s antitrust regulator has begun investigating IBM Korea for allegedly dumping its software products on a sales agent. In addition, the company banned the agent from selling the stockpiled products of another software firm the former took over. KSTEC, the sales agent in question, had […]
[Indonesia Report] Samsung hits new sales record in Indonesian market
![[Indonesia Report] Samsung hits new sales record in Indonesian market](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2012%2F07%2FP1050300-800x498.jpg&q=90&w=160&h=106&zc=1 "[Indonesia Report] Samsung hits new sales record in Indonesian market")
Samsung, one of world’s largest electronic companies, perceived opportunity to expand its market in Indonesia. Country with more than 230 million population, growing economy with GDP of 6,5 percent in 2011 and large market for electronic consumers makes Indonesia a potential market for the South Korea’s giant electronic company. UK based research company, ResearchBuyer.com, reported […]
AMCHAM to face tax audit
After slapping the European Union Chamber of Commerce in Korea (EUCCK) with a huge fine over unpaid taxes, the National Tax Service (NTS) is highly likely to conduct a tax audit against commerce representatives of other countries, sources said Monday. While tax authorities are vague about their next actions, they are talking about other foreign […]
Celebrities’ shopping malls punished for false hype
Popular Internet shopping malls owned by entertainers were slapped with hefty fines for running fraudulent promotional campaigns to lure customers and for refusing to process legitimate refund claims, the fair trade regulator said Monday. The Fair Trade Commission (FTC) said six shopping malls were found guilty of violating the fair trade law and they were […]
Smartphones intimidate elderly
Park Hyung-tae recently bought a Galaxy Note from Samsung Electronics, but it’s hard to imagine the 69-year-old using it without assistance from his children. “It’s very complicated to use. All I can do without the help of my children is make and receive calls and send text messages,” he complained adjusting his glasses. “Another problem […]
Immigration process for investors to be shortened
More foreign investors are expected to enjoy a shortened immigration process from Monday, as the financial authorities in cooperation with the justice ministry plan to expand the scope of beneficiaries of the finance investor express card system. Financial Hub Korea (Fn Hub Korea) said they have revised the system to allow more overseas investors to […]
Chaebol bosses’ stock wealth rising
Leading chaebol bosses are combining to make more in the stock market than the gross domestic product (GDP) of Bahrain, according to figures from a local think tank. The report by the Korea CXO Institute shows that the combined value of stocks held by the corporate owners of the country’s top 30 business groups reached […]
![[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")
