Samsung, Hyundai take up half of top 30 firms’ income
Korea has seen a growing gap between a few leading performers and the rest of the pack amid the prolonged global economic slump. Samsung Electronics, Hyundai Motor and Kia Motors are projected to account for over half of net profits generated this year by the country’s top 30 listed firms according to analysts Tuesday. They […]
CEOs suspected of dodging audit
Questions are being asked about the recent swooping foreign trips of bosses of Korean conglomerates, for what their aides say is “business purposes.” It is particularly curious that such trips are taking place at a time when the nation-wide parliamentary audit of institutions is in progress. There is suspicion that these trips are smokescreens to […]
Singapore magnet for K-food business
All roads lead to Singapore. This is a maxim for many Korean food companies seeking successful overseas expansion. The country’s two leading bakery brands — CJ Foodville and SPC — have opened flagship stores in the city-state, testing their strength before moving on to its neighbors that include China, Vietnam, Cambodia, the Philippines and Indonesia. […]
Korea, Japan halt currency swap compact
Decision comes at low point in bilateral ties Korea and Japan will let their expanded currency swap arrangement expire at the end of this month amid a bitter diplomatic row. Policymakers both in Seoul and Tokyo claimed that the agreement between the two nations Tuesday was not a political decision. However, the comments are hard […]
Turkey deploys military vehicles along border with Syria
Turkey deployed additional tanks and missile defense systems to the Syrian border following five days of artillery exchanges with President Bashar al-Assad’s armed forces. The vehicles sent to Suruc town of the southeastern Sanliurfa province included a large number of tanks and missile defense systems, according to the report. Turkey and Syria have been exchanging […]
Homeless to become hoteliers
Homeless people in Seoul are about to get the chance of becoming hoteliers as one of the best hotels in the nation is offering an opportunity for training and employment. Seoul Mayor Park Won-soon and Sung Young-mo, CEO of the Westin Chosun Seoul, signed a memorandum of understanding (MOU) Monday at City Hall to provide […]
Sejong Institute withdrawal to leave Cia-Cia out in cold
A Korean teaching institute in Indonesia that taught the Korean alphabet or Hangeul to a small tribe using an aboriginal language has shut down. The King Sejong Institute said Monday that it withdrew from Bau-Bau, a city located on the island of Buton, after a year-long operation. The decision raises concerns that the Cia-Cia, an […]
Seoul-Beijing ties may get friendlier under Xi
Throughout the year, concern has risen over how current political changes will affect Northeast Asia, stirring the threat of new uncertainty in the region. With elections underway in Seoul and Washington and a new North Korean regime, such concerns are well-founded. Add a new element to the mix: A month from now, the Chinese Communist […]
Japan should put old colonial dreams behind
This is the sixth in a series of contributed articles by international and Korean experts shedding light on Japan’s claim on Korea’s easternmost islets of Dokdo and other affairs that prove Japan’s lack of remorse about historic misdeeds it has committed. ― E.D. Discussions often break down into confusing comparisons of ancient documents and lists […]
Foreign Hangeul experts honored
To mark Hangeul Day, Seoul will award medals to Korean language experts within and outside Korea. The culture ministry announced Monday a list of 10 medal recipients. The country celebrates Hangeul Day today. Receiving the highest honor is Lev Rafailovich Kontsevich, 82, an expert on Korean language and history from Russia. He is a leading […]
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