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East Asia
Firms step up guard against crisis
The heads of Korea’s top four conglomerates are placing priority on exploring new markets, improving product quality and leading market trends this year in order to secure an edge in the increasingly competitive global marketplace. In a New Year message, Samsung Electronics Chairman Lee Kun-hee urged the country’s largest business…
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East Asia
Banking groups brace for ‘Ice Age’
Financial CEOs to focus on risk management Chief executives of financial companies vowed Wednesday to tackle the challenges of low economic growth and declining interest rates. Describing the 2013 financial industry as an “Ice Age,” heads of the nation’s four largest financial groups ― Woori, KB, Hana and Shinhan ―…
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tobechecked
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East Asia
Three culinary arts students introduce kimchi to world
Do kimchi and buses mix? For three culinary science students from the tourism college of Kyung Hee University, the answer is yes. Ryu Si-hyeong, 29, Kim Seung-min, 29, and Jo Seok-beom, 25, have remodeled their “kimchi bus” and driven some 50,000 kilometers across Europe and North America to promote Korean food…
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East Asia
Who will shine in biz circle in 2013?
With most firms completing year-end reshuffles, attention is now on who will lead their respective conglomerates to the top in Korea’s growing industries. Electronics duopoly Samsung and LG Electronics and automobile giant Hyundai Group have the best outlook for the new year with the longest standing businesses among local players…
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East Asia
New leaderships to reset NE Asia relations
Park to move cautiously amid regional spats, analysts say With the election of Park Geun-hye as the next president, South and North Korea, Japan and China have all elevated new leaders in a series of rapid-fire transitions. Northeast Asia’s political perfect storm is here, and analysts warn the confluence of…
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Invitation to President-elect
“I regard a rising India as a factor of peace and stability in the world and expect her role to get bigger progressively” observed Madame Park Geun-hye when I called on her last May, soon after she had led her party to an impressive victory in the National Assembly elections.…
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East Asia
NK leader calls for better ties with South
North Korean leader Kim Jong-un emphasized improved inter-Korean relations during a rare New Year’s address, Tuesday, and vowed to spur “radical” improvements in his country’s outdated economy. In the first such address since 1994, when Kim’s late grandfather Kim Il-sung spoke, the young leader urged Seoul to reaffirm its commitment…
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South Asia
A Bomb Goes Off In Karachi, Killing Two People And Injuring 35 Others
People wheel an injured man at hospital in Pakistan’s Karachi on Jan. 1, 2013. At least two people were killed and 35 others injured on Tuesday evening as a bomb went off in a busy area in Karachi. Cameramen film a vehicle damaged by a motorcycle bomb in Pakistan’s Karachi…
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Society
A Ukrainian Carries A Torch During A Rally To Remember Stepan Bandera Who Stood Up Against Soviet Regime
A Ukrainian nationalist carries a torch during a rally in downtown Kiev, Ukraine, late Tuesday, Jan. 1, 2013. The rally was organized on the occasion of the birth anniversary of Stepan Bandera, founder of a rebel army that fought against the Soviet regime. Poster at background right reads: “Bandera will…
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