LG Electronics bounces back
Operating profits jump 120% LG Electronics, the nation’s second largest electronics manufacturer, bounced back in the second quarter riding a robust wave of TV and home appliance sales. Despite earlier negative forecasts amid sluggish handset sales, the firm’s operating profit for the April-June period increased by 120.5 percent to 349 billion won ($302.95 million) from […]
Busan horse park becomes tourist spot
Horse parks operated by the Korea Racing Authority (KRA) have become a family-oriented leisure destination for both Korean and foreign tourists as they offer a wide array of fun-packed events for people of any age. Currently, there are three such theme parks. Those in Seoul and Jeju are well known, drawing hundreds of thousands of […]
S. Korean dramas gain hold in NK
It’s no longer just South Korean dramas causing a stir in North Korea: America’s “Desperate Housewives” and “Sex and the City” are also being circulated in the isolated state. This was unveiled by Rep. Yoon Sang-hyun of the ruling Saenuri Party, who in a report Monday shed new light on the widening array of pop […]
‘One-source, multi-use’ strategy will boost hallyu
Korea should adopt a “one-source, multi-use” strategy to make “hallyu,” or the Korean cultural wave, a sustainable global trend, former Vice Culture Minister Yoo Jin-ryong said Wednesday. Yoo, as the first dean of the Catholic University of Korea’s Hallyu Graduate School, which will open in late August, will lead its efforts to promote the globalization […]
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 […]
[Indonesia Report] Flood at Padang leaves hundreds of evacuees
Padang, the capital of Indonesian’s West Sumatra Province hit by flash flood Tuesday (July24) evening, left hundreds of people evacuated from their homes. Casualties are not yet being confirmed. Previously, Indonesian local media, Tempo.com as cited in The Jakarta Globe reported 8 people missing. Later another local media, Kompas, quoted Fauzi Bahar, mayor of Padan, as denying […]
Korean women marrying Western men on the rise
Korean women who marry Western men from such countries as the United States and Australia, are on the rise. The number of Korean women who marry Chinese and Japanese men during the last three years, has diminished whereas Korean women who marry Western men such as Americans, Canadians, Australians and British are on the rise steadily, according to the […]
Infinite exude ambience of ordinary
The seven members of K-pop group Infinite appeal to fans with their ordinary boy-next-door looks. After a somewhat lackluster debut in 2010, the group topped the charts with “Be Mine” in 2011 and “The Chaser” in 2012. They not only boast of meticulous dance moves but also high-quality synthesizer pop numbers by noted songwriters. Offstage, […]
Infinite, lean and hungry
when someone is in hot-pursuit of their dream, the hunger, the ardor, the positive energy of pursuit they emanate are undeniable. These qualities can work like magnets for success — and that’s what is happening for the relatively new K-pop group Infinite. The seven members — Lee Sung-jong, 19, Hoya, 21, Lee Sung-yeol, 20, Nam […]
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 […]