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Samsung opens ‘innovation museum’
SUWON ― Samsung Electronics said Monday that it will open the Samsung Innovation Museum (SIM) at its headquarters in Suwon, Gyeonggi Province, on Thursday. The company said that the opening of the museum, the first of its kind in the industry, symbolizes the company’s tireless commitment to innovation. “The history…
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KT to reduct workforce by 25%
KT said Monday that it will cut its total workforce by up to 25 percent. The massive lay-offs are expected to save at least 700 billion won in annual expenses. “A total of 8,320 KT employees applied for the voluntary retirement program. We will terminate contracts with those employees before…
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One name, three stars
‘Soo-hyun’ increases hallyu craze In Korea, “Soo-hyun” is a common name like John or William in the U.S. and U.K. Three figures sharing the very ordinary name are now playing a crucial role in lifting Korean entertainers’ international profile to an extraordinary level. They are actor Kim Soo-hyun, actress Kim…
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Sunken ship’s captain avoids murder charges
The captain of the sunken ferry Sewol will unlikely face prosecution for a murder charge, Financial News said Sunday, citing judicial experts. The report quoted prosecutors and lawyers as saying the captain Lee Joon-seok, 69, who ditched the sinking ferry leaving behind passengers, will certainly receive heavy doses of penalty.…
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‘Golden-hour’ indecision doomed passengers
The transcript of radio communications between the sunken ferry Sewol and a maritime operator on Jindo Island shows how crewmembers on the ill-fated ship wasted the critical early phase of the disaster, known to rescue personnel as the “golden hour.” According to the transcript, released Sunday, the crewmembers apparently gathered…
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Search efforts pick up
Search-and-rescue teams secured more guide ropes onto the sunken ferry Sewol, Monday, gaining further access to the stricken vessel. State-of-the-art remotely-operated vehicles (ROVs) were brought in to look for more bodies. On the sixth day since the tragedy, the death toll stood at 87 as of 11 p.m. out of…
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Park likens Sewol skipper to murderer
President Park Geun-hye vowed Monday to punish all those to blame for the ferry disaster in which the death toll may eventually climb past 300. The Sewol, carrying 476 passengers, sank in waters off the southwestern coast, Wednesday. More than 200 people are still unaccounted for with the death toll…
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tobechecked
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East Asia
Foreigners embrace meaning of Dokdo
DOKDO —The field trip to Korea’s easternmost islets, Dokdo, can be challenging, to say the least. A trip starting in Seoul means traveling down to the port city of Donghae, Gangwon Province, taking a ferry to Ulleung Island in North Gyeongsang Province and then another two and half hours on…
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Korea wants to get MSCI’s developed market statues
Morgan Stanley Capital International (MSCI), the world’s leading provider of investment decision support tools, may include Korea on its list of developed markets this year, experts said Friday. They warned, however, that the country could face difficulties drawing funds from investors while competing with the U.S., Western Europe, Japan and…
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