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North Korea likely to delay rocket launch
North Korea is “readjusting” the launch of its long-range rocket scheduled for this month, citing “unspecified problems” found during preparations. “Our scientists and technicians are seriously examining readjusting the launch time of the satellite,” a spokesman of the North’s Korean Committee of Space Technology was quoted as saying by the…
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East Asia
Kim Yu-na reigns on her return
Despite a nearly two-year absence from competitive skating, Kim Yu-na was great on her return. The 22-year-old picked up where she left off Saturday in the short program at the NRW Trophy in Dortmund, Germany, posting the season’s highest score with a near-flawless performance. Kim, who claimed the figure skating…
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East Asia
Generation shift
Galaxy, women, foreigners keywords in year-end promotions Samsung Group has geared up for a generation shift by promoting talented young individuals and females to executive positions in an apparent attempt to support Lee Jay-yong, the only son of chairman Lee Kun-hee, who was promoted to vice chairman Wednesday. On Friday,…
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East Asia
Where is Korean economy heading?
Foreign economists expect rebound to be possible in second half The outlook for the Korean economy has been murkier than ever due to lingering uncertainties caused by a myriad of downside risks, such as the prolonged eurozone debt crisis, concerns over the U.S. fiscal cliff and sluggish corporate investment here.…
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East Asia
Bottom line comes first
Korean firms need to focus more on fundamentals Korean companies have a more pessimistic outlook than their global counterparts about the world economy and the likelihood of its improvement, a sentiment that is affecting to further depress merger and acquisition (M&A) activities as well. According to Ernst & Young’s latest…
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Doctor gets 20 years for killing wife
The Seoul High Court confirmed its original verdict on a doctor charged with strangling his pregnant wife to death, sentencing him to 20 years in prison Friday. The Supreme Court had earlier returned the case to the high court for reexamination, citing a lack of concrete evidence _ it will…
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East Asia
Korean iPhon Lovers Stand In Line For Buying New Model In Seoul
Customers wait in line from early morning to buy Apple’s iPhone 5 at a mobile phone shop in Seoul, South Korea, Friday, Dec. 7, 2012. Apple Inc. began selling the iPhone 5 in South Korea on Friday. Clerks prepare to display a poster of an Apple’s iPhone 5 at a…
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East Asia
Healing essays top bestselling list
As the economic woes continue to grip the nation, readers have sought for relief from books. This year, the largest number of readers chose “Things Can Be Seen When You Stop” by Ven. Hyemin, which includes inspirational lessons and wisdom. Kyobo Bookstore, the nation’s largest book retailer, has conducted its…
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East Asia
Retailers leave China for Southeast Asia
Department stores, discount store chains and other retailers, which rushed to set up presence in China over the past few years, are increasingly turning their eyes to Vietnam and other rapidly growing Southeast Asian nations. Some retailers have decided to downsize their operations in the world’s second largest economy, with…
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East Asia
Tears, good or bad for candidates?
After the successful 2002 tear-jerker, candidates appeal to voter emotion Tears of politicians have been viewed as a weapon to touch the hearts of voters over the past decade after Roh Moo-hyun benefitted from a 2002 presidential TV advertisement featuring his tears. Recently, both Park Geun-hye of the Saenuri Party…
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