Globalization of Korean art
Challenges facing local contemporary art community The last two decade has seen the explosion of the Korean wave or “hallyu” around the world. Today, hallyu is a global phenomenon that encompasses every major aspect of Korean culture, including its music (K-pop) and food (hansik). Recent reports note that Korean cultural exports reached over 4.5 trillion […]
Asia’s demographic woes
Asia is aging. Current projections indicate that the working population in most Asian countries will decline over the coming years, if they haven’t started already. In response, calls for greater investment became louder so greater efficiency can compensate for the reduction in raw labour inputs. This is certainly an ideal solution. But the magnitude of […]
Samsung, Sony team up on OLED
Sony is seeking to purchase Samsung Electronics’ next-generation advanced organic light-emitting diode (OLED) flat-screens for its new line of TVs. Sony wants its Bravia televisions ― to be marketed as early as next year ― to have Samsung’s OLED screens, officials of the Korean technology firm told The Korea Times, Sunday. “Bravia OLED TVs will […]
Snapshot of Korean CEOs
Here is something that corporate CEO hopefuls here should remember ㅡ if they want to be successful, they need to be male, Seoul-born, have graduated from Kyunggi High School and Seoul National University (SNU) with a major in engineering. They are also required to spend 27.7 years working for the same company and turn 59 […]
Korea sets up global alliance in forestation
Despite increasing demand for timber in line with development in China and India, importers complain of difficulties in securing sufficient amounts due to stiff logging regulations. From the perspective of timber exporters, they counter that logging has exploited forests posing serious environmental threats. Korea has discovered a way to satisfy both sides at the same […]
Is Korea second-tier market for Apple?
Apple’s new iPad was finally released in Korea on Friday. But the much-awaited item seems to be generating as much resentment as excitement due to its late arrival. The device made its debut last month in 10 countries, including the United States, Australia, Canada, France, Hong Kong, Japan, Singapore and the United Kingdom. Included in […]
Medical town due in Jeju
The Jeju Free International City Development Center (JDC) broke ground Tuesday for the Jeju Healthcare Town which it expects to be built by 2015. It will be constructed on the Donghong-dong, Topyeong-dong sites in Seogwipo in the Jeju Special Self-governing Province and will be the first medical town in Korea to provide a variety of […]
Samsung, Apple may make up
Top executives of Samsung Electronics and Apple will soon meet to seek a compromise on the patent war that has lasted more than a year. “Samsung can confirm that our CEO Choi Gee-sung will meet Apple CEO Tim Cook, though the exact time and place haven’t been decided yet,” said a Samsung spokesman, Wednesday. The […]
Lee Kun-hee vows to fight in family feud
Samsung Electronics Chairman Lee Kun-hee said Tuesday that the nation’s most-powerful industrial conglomerate won’t seek a peace treaty with his relatives over the ongoing family feud over a portion of their father’s fortune. “There will be no compromise with my relatives and the issue associated with a portion of my father’s fortune had already […]
Lotte eyes water purifier business
Lotte Group announced Friday that it is considering throwing its hat into the ring to acquire Woongjin Coway, the country’s biggest manufacturer of water and air purifiers. The announcement came as the Korea Exchange asked the retail giant to confirm the rapidly spreading rumors that it has taken steps for the acquisition. “At a group […]
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