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‘Macquarie pursuing excessive gains’
NGOs call for probe of ‘unfair’ subway deal costing taxpayers A civic coalition called for a full-scale investigation Tuesday to clear suspicions surrounding Macquarie’s investment in 2005 in the construction of Subway Line 9. It says then-Seoul Mayor,Lee Myung-bak, who is now President, was behind the contract that they claim…
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Unhappy ending for all the king’s men
If Choi See-joong had ever wondered what his worst day as a public figure would feel like, he definitely found out Monday night. It was just months ago that the 75-year-old former journalist carried himself like one of the most powerful and influential men in Korea that he was. He…
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Business
Free fall slide
LG Chem, Kumho Petro tumble in stock market The local stock market has been highly volatile over the past few weeks amid lingering woes over the eurozone’s debt crisis and a slow recovery by major economies, including the United States. In this unstable market, domestic companies have shown quite contrasting…
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Business
Reinventing business model
SK chairman to maximize synergy among affiliates SK Group Chairman Chey Tae-won is stepping up efforts to reinvent the group by redesigning its business portfolio and creating synergy among affiliates under new business line-up. The group’s recent takeover of Hynix Semiconductor, now SK hynix, was the first step for the…
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Society
The reasons why singles don’t marry
Why don’t they marry? Is it because of money? Losing a sense of self-respect may be the bigger reasons for it. The people who don’t are called the “generation of three abandonments” dating, marriage and childbirth. “Unable to marry” has now been added to them. Many people attribute the…
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Japan solidifies ties with India
Japanese Foreign Minister Koichiro Gemba(L) shakes hands with Indian Foreign Minister S.M. Krishna before addressing a press conference in New Delhi, India, Monday, April 30, 2012. <AP/Newsis> This week, Japan’s Foreign Minister Koichiro Gemba and his unusually large team, comprising seven other ministers, left New Delhi with a great deal of…
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South East Asia
Major news in Thailand on May 1: Fears of rice fraud rises
Top news in <Bangkok Post> : Fears of rice fraud rises news@theasian.asia
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East Asia
A Rocket Killing Two Birds With One Stone
XICHANG — The Long March-3B rocket carrying two satellites blasts off from the launch pad at the Xichang Satellite Launch Center in Xichang, southwest China’s Sichuan Province, on April 30, 2012. China successfully launched two satellites into space Monday morning, the 12th and 13th of its indigenous global navigation and…
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West Asia
Are Iranians Indifferent To Politics?
TEHRAN — People walk past an electoral poster of candidates for the upcoming second round of parliamentary election in central Tehran, Iran, April 29, 2012. Iran’s upcoming second round of parliamentary election is slated for May 4, when the candidates will contest for the remaining 65 seats in the parliament.…
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World
Season Of Fountains In St. Petersburg
ST. PETERSBURG–A general view of the fountains is seen in the photo taken at the Peterhof Palace near St. Petersburg, Russia, on April, 29, 2012. The season of the fountains of the Peterhof Palace was opened to the public from Sunday. Every year tourists from all over the world flock…
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