Korea-Japan military pact draws fire
The government’s envisioned military accord with Japan is being heavily criticized by the main opposition party and civic groups amid lingering animosity over Japan’s brutal military rule (1910-1945) and its move to become a nuclear power. Seoul said it will sign the General Security of Military Information Act (GSOMIA) with Tokyo today, which will allow […]
Diet is tricky for stomach cancer patients
Stomach cancer is the most common cancer in Korea and kills about 10,000 people every year. It is the most prevalent carcinoma among men (20.7 percent of all cancer cases in 2008) and the third most common in women after thyroid and ovarian cancer (10.7 percent). Experts point to the salty Korean diet, high alcohol […]
Hyosung eyes new growth engines
Hyosung Group has been built on a dual-pillar of textiles and chemicals but is now looking jump on the green technology bandwagon for future growth. Hyosung spokesman Kim Jun-sik said renewable-energy will become a larger part of the company’s business portfolio. And carbon fiber will be a key focus in efforts to strengthen its position […]
LG takes over British fuel cell firm
LG Group has a reputation for being passive and tentative in merger and acquisitions (M&As). It remains to be seen whether the company’s acquisition of a well-known British fuel cell firm is an exception to this or a sign of previously-unseen ambition. LG announced Thursday that it has acquired 51 percent of Rolls-Royce Fuel Cell […]
SK Group committed to sustainable growth
Sustainability is a buzzword frequently used by business leaders and CEOs of global companies since the 2008-09 global financial crisis changed the world’s economic landscape. Firms that are sustainable have something in common. They are more innovative and adaptive to change. In addition, they maintain resiliency over time, creating economic value and contributing to environmental […]
Samsung SDS inks health care deal in US
Samsung SDS announced Thursday that it has struck a 10-year contract with CHRISTUS Health, a major hospital network in the United States. Upon the agreement, the Samsung Group affiliate will sell its electronic medical record (EMR) solutions to CHRISTUS Health. CHRISTUS Health is an international Catholic, faith-based, not-for-profit health system comprising almost 350 services and […]
President’s brother to be summoned
Lee Sang-deuk faces bribery allegations The prosecution said Thursday it will summon the elder brother of President Lee Myung-bak, a former ruling party lawmaker, next Tuesday to question him on allegations of bribe-taking from two suspended savings banks. The Central Investigation Bureau at the Supreme Prosecutors’ Office said it has decided to question Lee Sang-deuk, […]
AJA-JTO sign MOU to promote tourism in Jeju Island
The Asia Journalist Association (AJA), represented by Ivan Lim, and the Jeju Tourism Organization (JTO), headed by Yang Yong-kun, signed the memorandum of understanding (MOU) in a ceremony at Jeju Welcome Center Thursday (June 28) to promote tourism in the resort island in connection with its selection as one of the New 7 Wonders of Nature last year. In the ceremony, […]
Turkish PM: We’ll teach aggressors lesson
Turkey has no intention of attacking anyone, but will “teach those who dare to test the limits of its might,” Prime Minister Recep Tayyip Erdoğan said on Wednesday as he introduced Turkey’s first domestically produced training jet to the public in a show of the nation’s increasing defense capacity. Erdoğan did not refer to Syria […]
Annan invites Turkey to Geneva meeting on Syria
UN envoy Kofi Annan has invited Turkey to the upcoming Geneva meeting of world powers to find ways of ending the violence in Syria. Annan said on Wednesday that the action group for Syria will convene at the ministerial level in Geneva on Saturday. US Secretary of State Hillary Rodham Clinton and Russian Foreign Minister […]
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