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Business
Cash-strapped
Kakao Talk, Line struggling to find revenue models Social networking services (SNS) have cropped up like mushroom in Korea, but many have soon perished or lost their ground for a lack of solid and sustainable revenue model. The country’s leading SNS providers such as Cyworld, Kakao Talk, Line, and, My…
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Society
New monument set up on Dokdo
Stone symbolizes Korea’s sovereignty over easternmost islets Korea installed a monument on Dokdo, Sunday, to reaffirm its sovereign rights over the country’s easternmost islets and to repudiate Japan’s repeated claim over them. The stone monument inscribed with the name of President Lee Myung-bak, the first South Korean president to visit…
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Business
V-Society
How fraternity impacts business, politics Not many people knew about V-Society. Since its foundation in 2000 the fraternity of domestic business leaders and entrepreneurs has formed an extensive network of power, prosperity and position. Recently it was suddenly mentioned in the media and the trigger was Ahn Cheol-soo, a Seoul…
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IT-Science
Samsung, Apple fail to make up
Samsung Electronics and Apple have failed to reach compromise on their patent dispute in the court-ordered consultations between CEOs of the two firms. Now, their dispute is left to the jury to settle. The deliberations will begin Tuesday. Regarding the legal proceedings in San Jose, Calf., Samsung officials here said…
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Politics
Taking Japan back to past
Noda turns nationalistic on neighbors Japanese Prime Minister Yoshihiko Noda is a determining factor in Japan’s confrontational stance in dealing with historical disputes with Korea, China and Russia. The history of Tokyo’s militarism and its devastating effects are on many people’s minds. Experts say that Noda was conciliatory at least…
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Business
China’s hot money ebb away due to business slowdown
As China’s economic growth is slowing down, large amounts of hot money (international short-term fund for speculative purpose) leave for overseas. According to the latest statistics announced by The People’s Bank of China on Aug. 14, 3.9 billion yuan (674.4 billion won) among foreign reserves financial institutions within China possessed escaped…
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East Asia
Chinese Become Violent Over Island Dispute With Japan
Chinese look at overturned Japanese cars after an anti-Japan protest in Shenzhen, China’s Guangdong Province, Sunday, Aug. 19, 2012. Japanese activists swam ashore and raised flags Sunday on an island claimed by both Japan and China, fanning an escalating territorial dispute between the two Asian powers. <AP/NEWSis> news@theasian.asia
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West Asia
Syrian Gov’t Air Strikes Destroy Civilian Homes, Buildings
Syrians look for the bodies two girls thought to be under the rubble of a building hit by a Syrian government airstrike in Aleppo, Syria, Sunday, Aug. 19, 2012 Syrians salvage what they can of their belongings from a building that was hit during a Syrian government airstrike in Aleppo,…
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Culture
Muslims In Moscow Observe End Of Ramadan
Muslim men, bowing toward Mecca, perform Eid al-Fitr prayers that marks the end of the holy fasting month of Ramadan in Moscow, Russia, Sunday, Aug. 19, 2012. More than two hundred thousand Muslims gathered at Moscow’s mosques to celebrate the Eid al-Fitr. <AP/NEWSis> news@theasian.asia
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Culture
Muslims In Panama City Celebrate Last Day Of Ramadan
Muslim children participate in a prayer during the celebration of the last day of the fasting month of Ramadan, in Panama City, capital of Panama, on Aug. 19, 2012. <Xinhua=Mauricio Valenzuela> news@theasian.asia
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