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Tension runs high at state colleges

Tension runs high at state colleges

Professors outraged over scrapping of direct vote to pick president Professors of state-run universities are up in arms over the government’s move to deprive them of the right to choose presidents of their own schools. Tension is escalating between professors and school authorities at some regional colleges since the prosecution raided the offices of several […]

3-way battle

3-way battle

KB, AIA, Manulife to vie for ING’s Korean unit The contest to buy ING Group’s Korean insurance unit has turned into a three-way battle as Canada’s Manulife Financial is expected to join the main bidding scheduled for July 16. KB Financial Group and Hong Kong’s AIA Group were considered the only main candidates after they […]

NK mystery lady prompts media swirl

NK mystery lady prompts media swirl

Rampant speculation over a young woman seen with North Korean leader Kim Jong-un showed no sign of abating, Wednesday, with a wave of reports reflecting international curiosity over her emergence and its implications for the regime. Foreign and domestic media outlets and officials have pored over images released by Pyongyang of the woman seated beside […]

[India Report] Flood affects over 2.4 Mil. people in Assam

[India Report] Flood affects over 2.4 Mil. people in Assam

Flood is something which is very much familiar to the people of Assam in India. But it was the most devastating in years. The death toll climbed to 125 while there is no trace of 97 peoples. Lives of 2.4 million people are reported to be affected by the flood this year. 4,540 villages with more […]

Yu-na to hold ice show in August

Yu-na to hold ice show in August

Kim Yu-na will stage an ice show in August, her agency announced Tuesday. The 21-year-old reigning Olympic champion, who decided last week to extend her competitive career to the 2014 Winter Olympics after a two-year break, will host “All That Skate Summer 2012,” scheduled to run from Aug. 24 to 26 at the Olympic Gymnastics […]

Buddhist sect spreads temple cuisine

Buddhist sect spreads temple cuisine

Korea’s Buddhist temple cuisine is becoming more popular among healthy eaters within and outside Korea. Reflecting the trend, the main theme of the largest Korean Buddhist sect’s visit to New York last month was food. It organized a two-week promotional campaign to highlight and raise awareness about temple cuisine, one of the highlights of the […]

Why is Incheon Airport up for sale?

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. […]

Samsung takes crucial win over Apple

Samsung Electronics scored a critical win in its battle with Apple over intellectual property and design yet was still left nursing a bruised ego. In a ruling against Apple, which has been accusing its Korean rival of copying its smartphones and touch-screen tablets, Judge Colin Birss of the British High Court declared that the design […]

It will get worse

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

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 […]

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