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Society
Chef lambasts gov’t K-food policy
Leo Kang says culture should be simultaneously promoted The globalization of Korean food is currently a national obsession. The government is aggressively pushing promotional campaigns and events across the world for what it has branded as “K-food.” Ministries have established think tanks and financed various studies and research in pursuit…
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Business
Korea enters low-growth era
GDP expected to grow slower than world average The Korean economy is entering a low-growth era, with its gross domestic product (GDP) expected to grow slower than the world average in the coming decade due to the stagnation of its twin growth engines of exports and domestic demand. Exports are…
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Alcohol ban sought in public places
The government plans to prohibit drinking and advertising of alcoholic beverages in designated public places in an effort to reduce potential alcohol abuse. The Ministry of Health and Welfare said Monday it will draft guidelines to impose fines of up to 3 million won ($2,580) for drinking in school zones,…
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Koreans to train Sri Lankan Korean lanaguage teachers
The education ministry said Monday it will send a team of five Korean language teachers to Sri Lanka to train some 100 teachers chosen by the Sri Lankan government. The Sri Lankan teachers will teach Korean language and literature at local schools after completing lessons with the Korean teachers, the…
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IT-Science
Fastest 10 million seller?
Samsung chief touts Galaxy S3 The head of Samsung Electronics’ handset division said Monday that the Galaxy S3 will become the fastest 10 million seller in the company’s history, expecting that it will see better results in the second quarter despite a worsening business environment. However, he denied allegations that…
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People
Irish scholar traces Dasan’s Christianity
An Irish scholar characterized Jeong Yak-yong (1762-1836), a Korean philosopher and prolific writer often referred to by his pen name Dasan here, as a secret Catholic because he could not speak about his Christian beliefs in public. “In no uncertain terms, Dasan lived during a period of religious terror,” Kevin…
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Business
Hyundai Motor chairman calls for emergency mode
Hyundai-Kia Automotive Group Chairman Chung Mong-koo Monday urged heads of the group’s overseas branches to find ways of minimizing any impact the eurozone debt crisis could have on the group’s sales across Europe and other regions. “We should prepare for measures in advance to cope with the possibility that the…
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Seoul, Moscow to discuss 6-way talks today
A senior Russian nuclear negotiator will hold talks in Seoul today to discuss how to handle North Korea amid ongoing tensions over its nuclear program, officials said. Grigory Logvinov, deputy chief envoy to the stalled six-party talks on Pyongyang’s nuclear program, will meet with Lim Sung-nam, Seoul’s top nuclear envoy…
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Business
LG CNS, HP team up for China business
LG CNS, a local provider of technology solutions, said Monday that it has struck a business tie-up with U.S.-based Hewlett-Packard (HP) to boost the Korean firm’s profile in China. In a statement, LG said it signed a non-binding memorandum of understanding (MOU) with HP for closer collaboration on smart-related businesses…
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Uncertainty lingers on future of Hi-Mart
MBK Partners, the country’s largest private equity fund (PEF), has been selected as the preferred bidder for Hi-Mart ahead of retail giant Lotte Group. But analysts say it would have been better for the country’s largest electronics retailer to be acquired by Lotte because the marriage would create much-needed synergy…
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