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Politics
Hypocrites!
Series of fraudulent acts taint credibility of leftist party Rep. Lee Jung-hee, the baby-faced 43-year-old who jointly leads the leftist Unified Progressive Party (UPP), issued a formal apology Thursday for fraudulent candidate selection of proportional representatives in the April 11 National Assembly elections. The party, led by Lee and three…
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Society
Baby boomers going bust
Plight of Koreans over 50 poses serious threat to financial stability The Korean story of decaying family finances is beginning to resemble an old wedding saying: There’s something old and something new, definitely something borrowed and all is blue. As the country faces a disastrous vortex of historically high household…
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Business
All in!
Even Hyundai Motor Group Chairman Chung Mong-koo couldn’t remain on the sidelines, disclosing the carmaker’s strategically significant model, which it is looking to build as an iconic brand. Kia Motors took the wraps off the much-touted luxury sedan K9 Wednesday with Chung in attendance. It marks the first time in…
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Business
New stem cell therapy succeeds
A Korean medical team said Wednesday that it had succeeded in greatly improving the condition of three paralyzed patients by injecting their own stem cells into the injured parts of their spinal cords. Headed by Jeon Sang-yong of Asan Medical Center in Seoul, the team treated 10 patients suffering general…
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Korea, China will start FTA talks
The Ministry of Foreign Affairs and Trade announced the start of free trade agreement (FTA) talks with China, the nation’s largest trading partner, Wednesday. “Beginning the negotiations is a historical step for both nations,” said Trade Minister Bark Tae-ho during a joint press conference with China’s Commerce Minister Chen Deming…
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Business
Why is Google popular with workers?
Jobseekers here used to pick a company that offered high salaries and generous benefits even if they had to work through the night and come to the office on weekends. But these days, they are increasingly putting greater priority on other aspects of their careers. Many job hunters look to…
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Left-wing minor party apologizes for election irregularities
A left-wing minor party leader issued a public apology Thursday for suspected vote rigging and other irregularities in the party’s selection of candidates for last month’s parliamentary elections. Lee Jung-hee, one of four co-leaders of the Unified Progressive Party (UPP), said in a meeting with party officials she “would assume…
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Business
‘Future of economy hinges on women’
Softening growth rates, collapsing consumer spending and a workforce aging dog years have been fueling apocalyptic talk about the future of Korea’s economy. So why amid the growing alarm over the unraveling of the Korean success model does the country permit itself to dramatically underutilize its highly-educated women, asks the…
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Politics
Incompetent!
Foreign ministry runs out of tricks to deal with big powers Does Korea have diplomacy it can call its own? If so, the next question would be what has the Ministry of Foreign Affairs and Trade been doing. Whenever a diplomatic row surfaces, it cites strategic ambiguity or quiet diplomacy,…
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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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