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Foreign firms’ remittances cause red faces
Branches of some multinationals send more than their net profits in dividend payments to their head offices. According to the Financial Supervisory Service (FSS) Monday, IBM Korea and Philip Morris Korea’s dividend ratios stood at 115.1 percent and 111.6 percent, respectively. This means IBM paid 133 billion won and Philip…
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PM’s China trip reveals President’s priorities
Prime Minister Chung Hong-won’s visit to China is seen as an indication of closer Korea-China ties. But observers question whether this could come at cost to the Korea-U.S. alliance. Chung finished his five-day visit to China, Sunday, which included a meeting with his Chinese counterpart Li Keqiang. “President Park Geun-hye…
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State agency sues cigarette firms
The National Health Insurance Service (NHIS) filed a 54 billion won damages lawsuit against three cigarette makers — KT&G, Philip Morris Korea and BAT Korea — Monday. This is the first suit to be brought by a state-run agency here. In the case filed with the Seoul Central District Court,…
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Spy master exonerated
Two NIS officials indicted in evidence fabrication case A special prosecution team confirmed Monday that a number of spy agency officials fabricated evidence to frame Yu Woo-sung, a former Seoul government official who posed as a North Korean defector, for espionage. National Intelligence Service (NIS) Director Nam Jae-joon and two…
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South Asia
Sindh through Centuries
Korean, Japanese, Indian, American, German and other research scholars explore hidden aspects of Great Indus Civilization Around 25 foreign research scholars from South Korea, Japan, India, USA and Germany joined local historians and scholars at 3-day International Seminar on ‘Sindh through Centuries’ from March 24 to 26, 2014 at Karachi,…
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Samsung boss receives biggest dividend payments
Last month’s executive pay disclosure painted a rather incomplete picture of who earns how much in Korea’s business world because it exempts non-board member executives from disclosure. However, dividend payment data helps present a clearer picture. While the income of Samsung Electronics Chairman Lee Kun-hee remains unknown, dividend payment data…
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Korean kids vs Jewish kids
Inquisitive mind key to successful education; experts Korean and Jewish moms have a single-minded devotion to their children’s success and put an overwhelming emphasis on education as a means to achieve it. Korean students have been at the top of international tests measuring the performances of 15-year-olds in math, reading…
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South Asia
African presence in Sindh
Prof. Adams B. Bodomo, hailing from Ghana, who headed the Department of African Studies at University of Hong Kong and University of Vienna, Austria, and also a visiting professor at Ansted University, Malaysia, rightly said over a decade ago during a lecture that despite not-so-tenuous historical, cultural and linguistic connections…
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Banks to promote films, dramas
Korea’s major lenders are expanding their support for the content and entertainment industry, which has taken off with the popularity of hallyu worldwide. The state-run Industrial Bank of Korea (IBK) plans to lend a total of 750 billion won during the 20142016 period to nurture the culture and content industry,…
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Who are most charitable stars?
Some celebrities become social inspirations beyond popularity Hollywood star Angelina Jolie, known as one of the most philanthropic celebrities, once said that she “opened her eyes” when she saw people from the war-ravaged region while filming “Lara Croft: Tomb Raider” in Cambodia in 2001. Since then, she has turned into…
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