-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Culture
Round-up Of Wild Horses In Spanish Festival
A man grabs a wild horse during the traditional round-up of wild horses in Sabucedo, north-western Spain Saturday July 7, 2012. The round-up and breaking-in of the wild horses, where the mainly young men of the village get a chance to demonstrate their skills, originates from the 16th century. <AP/NEWSis>…
Read More » -
Society
[India Report] Travel Kashmir Only With Proper Dress: Jamaat-e-Islami
A far-right and Islamist political party, Jamaat-e-Islami, has proposed for a dress code for all the tourists including foreigners, who come to visit Kashmir on 5th July 2012. This hard line Islamic group of Kashmir so demanded that, all visitors, especially the foreigners must follow the recommended dress code while…
Read More » -
South East Asia
Exhibition Of Housing Materials In Ho Chi Minh City
Visitors stroll around the International Exhibition of Construction, Building Materials, Housing and Interior Decoration in southern Ho Chi Minh City, some 1,130 km south of capital Hanoi, in Vietnam, July 5, 2012. <Xinhua/Dinh Tung> news@theasian.asia
Read More »