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Column
Korean Central News Agency and ‘Comrade Mr Miller’
In April 2014, North Korean border guards at Pyongyang international airport were treated to an unusual sight: a 24 year old American named Matthew Todd Miller tore up his North Korean tourist visa and submitted his American passport while requesting an asylum in North Korea. This event was promptly reported…
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East Asia
Oil money rushing into Korean stock market
Recently, oil money has been rushing into Korean stock market. According to Financial Supervisory Service as of 23, foreign investors bought 2.79 trillion won worth Korean stocks. They sold 3.18 trillion won worth stocks for the first quarter, but in the second quarter, they turned into net buyers by purchasing…
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East Asia
Hyundai Engineering and Construction Co. won new contract from Singapore firm
Hyundai Engineering and Construction Co. in 22th revealed that the company formed a consortium with other companies such as Samsung C&T and Japan’s Penta-Ocean Construction and won $775 million worth contract in Singapore. JTC Corporation, a Singapore’s public company, ordered this contract. This contract is a project about constructing a…
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East Asia
Demand for Korean cosmetics increases rapidly in Asia
Due to the popularity of Korean wave ‘Hallyu’ such as K-POP, cosmetics made in South Korea are selling very well. According to KOREA CUSTOMS SERVICE as of 22, monthly sales of cosmetics on June are $152 million which is the highest since January, 2000. By countries, China bought $44.8 million,…
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East Asia
Hana Financial Group done well in the first half
Hana Financial Group’s net profit for the first half year increased by 91.2 billion won or 17.6% increase compared to the same period in the last year. Hana Financial Group in 18th announced that its net profit for the second quarter is 417.4 billion won and the total net profit…
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East Asia
Korean Air heiress becomes Children’s book writer.
Cho, Hyun-Min, the executive vice president of Korean Air and Cho, Yang-ho (Hanjin Group chairman)’s daughter, published a children’s storybook on Wednesday. The book’s title is ‘Jini’s Dazzling World Adventure – Okinawa, Japan.’ The main character is Jini, a 12-year old girl who wants to be a flight attendant. She…
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East Asia
Accumulated earnings of Samsung and Hyundai Motors increased more than double.
Accumulated earnings of ten biggest conglomerates in Korea are doubled in 5 years. CEO SCORES, the website that evaluates company’s manageability, released the new report evaluating 10 biggest conglomerates and their 81 listed companies. The report stated that the total accumulated earnings of following companies were 515.9 trillion won. This…
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East Asia
Sharp increase in imported beer sales in Korea
The amount of imported beers in Korea of the first half of 2014 recorded the highest since 2000. According to KOREA CUSTOMS SERVICE as of 16th, the total amount of imported beers in Korea is 53,618 tons which is 29.2% higher than that of previous year. This means that about…
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