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Politics
USFK offers apology for handcuffing of Koreans
The U.S. Forces Korea (USFK) apologized Sunday for the handcuffing of three Korean civilians by American troops during a dispute over parking outside a U.S. Air Force base in Pyeongtaek, Gyeonggi Province. USFK Deputy Ccommander Lt. Gen. Jan-Marc Jouas, said in a news conference, “I have ordered a full investigation…
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Korean-Chinese being targeted for crackdown
130 rounded up in June alone A major crackdown is under way targeting Korean-Chinese here their advocates said Sunday. This could spook them into hiding and lead to a spike in illegal immigrants. Since January, the Ministry of Justice has detained about 1,500 Korean-Chinese laborers who used forged identities to…
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Let whales live safely
Seoul should retract whaling plan immediately Korea’s proposal to resume hunting whales for scientific research has provoked strong protests both at home and abroad. After most countries reacted angrily to the plan unveiled last week at the annual conference of the International Whaling Commission (IWC) in Panama, the government stepped…
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People
Eximbank CEO calls lenders ‘domesticated’
The head of one of the nation’s state-run lenders said that Korean banks should revamp their business models so as to better serve retail customers and play a bigger role in helping Korean companies overseas. He stressed that leading domestic lenders, such as KB Kookmin, Shinhan, Woori and Hana, should…
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Senior citizens’ poverty woes
Senior citizens, who spearheaded the country’s economic miracle from the ashes of the 1950-53 Korean War, are now struggling with financial hardships in their later years. With the approaching retirement en masse of the country’s baby boomers ― those born between 1955 and 1963, the poverty problem of the elderly…
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Immigration process for investors to be shortened
More foreign investors are expected to enjoy a shortened immigration process from Monday, as the financial authorities in cooperation with the justice ministry plan to expand the scope of beneficiaries of the finance investor express card system. Financial Hub Korea (Fn Hub Korea) said they have revised the system to…
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Galaxy S3 LTE phones to hit shelves Monday
The long-term evolution (LTE) model of Samsung Electronics’ Galaxy S3 will be available nationwide from Monday. The Suwon-based firm announced Friday its highest quarterly operating profit as of yet of 6.7 trillion won thanks to global sales of the handsets. The three domestic mobile carriers _ SK Telecom, KT and…
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IT-Science
Kakao Story tops Facebook
Kakao Story has topped Facebook to dominate the mobile social network service (SNS) market in Korea only three months after its launch. According to a survey of 13.95 million smartphone users using Google’s Android Operating System (OS) released Thursday by market research agency Nielsen KoreanClick, Kakao Talks’ SNS held 49.1…
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Business
Chaebol bosses’ stock wealth rising
Leading chaebol bosses are combining to make more in the stock market than the gross domestic product (GDP) of Bahrain, according to figures from a local think tank. The report by the Korea CXO Institute shows that the combined value of stocks held by the corporate owners of the country’s…
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Building Blogs of ASEAN Social Bonding
Abroad, my sentimental friend Abdul Razak, a fair-skinned Indonesian, liked to quip that he is an Asean Man. He says: “When I am in Singapore I passed for a Chinese; in Vietnam as a Vietnamese, in Philippines as a Filipino, in Laos as a Laotian; in Thailand as a Thai…
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