Using culture as hook
Companies’ growing efforts to attract global talent Today, talent from around the world flows into the ever-intense labor market, but local employers’ satisfaction with new employees seems not so high and vice versa. In a recent survey by Incruit, a job search website, hiring managers gave an average of 6.7 out of 10 in evaluating […]
Evolution in Las Vegas
Can Sin City become future role model for Korea’s leisure industry? If a portion of the Las Vegas Strip, a 6.8-kilometer road packed with some of the world’s most extravagant hotels and casinos, is to be replicated in Korea, the plan would face fierce opposition. Gambling addiction and huge profits taken by foreign companies are […]
Why do coffee shops keep popping up?
Restaurants, and other self-run retail businesses are struggling to make ends meet as households tighten their purse strings to cope with slower income growth and a sluggish job market. But one retail sector has been immune to this prevailing trend. Riding high on Koreans’ increasing appetite for freshly-brewed, premium coffee, both foreign and local coffee […]
Hyundai Motor to hold job fair for suppliers
Hyundai Automotive Group, Korea’s second largest conglomerate, plans to organize a series of large-scale job fairs to help its small-and medium-sized parts suppliers secure talented workers. This is also expected to provide millions of young job seekers here with a good opportunity to find work. The world’s sixth-largest automaker said Monday that it will hold […]
Global race for ‘rare earths’
Korea’s effort to find new sources making little headway Global tension over rare earth metals — often identified as rare earths — has intensified as the United States, European Union and Japan recently teamed up and took it up a notch in pressuring China over persistent trade disputes. Last month, the trading power players filed […]
Google succumbs on privacy policy
Google succumbed to the request by telecommunications regulators here to tweak its privacy policy for Korean users to abide with local laws. The announcement by the Korea Communications Commission (KCC) Thursday marked a critical moment for the U.S. Internet giant as it has been serious about avoiding country-specific rules and implementing the same conditions to […]
North Koreans eager to learn int’l business norms
If North Korea, as in the eyes of some casual observers, is totally sealed off from the outside world, it would follow that there would be little interest there in, say, the intricacies of the global economy. But according to Choson Exchange (CE), a Singapore-based non-profit group that runs business workshops in Pyongyang, interest in […]
Men’s ever-growing grooming needs
Consumers with deep pockets and cultural shift drive markets “No shame: get a free eyebrow touch-up and makeup for men” A blackboard sign said standing in front of a cosmetics shop named Manstudio. Located at the center of a bustling, hip street of Hongdae in Seoul, it is the first local cosmetics shop specifically for […]
BRICS summit held in New Delhi
From left to right, Brazil’s President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma join hands during the group picture for the BRICS 2012 Summit in New Delhi, India, Thursday, March 29, 2012. Heads of States of the five nations are meeting […]
Imported strollers sell for double original prices
Seo Hyun-jin, 30, will become a mother in two months. She recently went shopping for a stroller at a department store but left empty-handed. She said she was shocked by the prices of imported strollers. “They were much more expensive than I expected,” she said. “Strollers from well-known imported brands such as Stokke or Orbit […]
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