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East Asia
Major changes in regulations this year
Increase of childcare subsidy All Korean households with children aged between three and five will be given 220,000 won ($203) per child every month, under the government’s plan to expand public welfare benefits and reduce the financial burden of childcare on families. The subsidy reflects concern about the rapid increase…
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East Asia
Korea is no longer country for young men
During the carefree days of the 1980s and early 1990s, Korean youngsters carried an unmistakable sense of entitlement, enjoying the luxury of passing on job offers for one with a bigger paycheck. The millions of young people toiling in the decimated job market of today are shocked into realization that…
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East Asia
Firms step up guard against crisis
The heads of Korea’s top four conglomerates are placing priority on exploring new markets, improving product quality and leading market trends this year in order to secure an edge in the increasingly competitive global marketplace. In a New Year message, Samsung Electronics Chairman Lee Kun-hee urged the country’s largest business…
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East Asia
Banking groups brace for ‘Ice Age’
Financial CEOs to focus on risk management Chief executives of financial companies vowed Wednesday to tackle the challenges of low economic growth and declining interest rates. Describing the 2013 financial industry as an “Ice Age,” heads of the nation’s four largest financial groups ― Woori, KB, Hana and Shinhan ―…
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South East Asia
[The AsiaN Video for Indonesian] 2 Bulan Penting Dalam Transisi Presiden Korea Selatan
Halo, saya Meidyana Rayana. Berikut adalah berita dari dalam negeri Korea Selatan. Dalam politik Amerika, dikatakan bahwa keberhasilan pemerintahan baru sering tergantung pada apa yang dilakukan dalam 100 hari pertama. Sebaliknya, di Korea, 67 hari pertama dari pemilihan hingga pelantikan sebagai presiden dapat menentukan nasib suatu pemerintahan baru. Sejak pemilihan…
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East Asia
Memory of Kim Jong-il on the occasion of the first anniversary of his demise
One year has passed since the untimely demise of Marshall (posthumously promoted to Generalissimo) Kim Jong-il. Thus it is probably an appropriate time to say a few words about the deceased dictator, and perhaps to focus less on his shortcomings and focus more on the nicer parts of his personality…
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East Asia
13 wishful actions Asian leaders hoped to take this year
1. Could I have a dream that Mr. Xi Jinping, general secretary of the Central Committee of the Communist Party of China; President-elect of the People’s Republic of China, will play a greater role in the global peace of the yellow continent and the world? Shops and houses are filled with Chinese…
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East Asia
Three culinary arts students introduce kimchi to world
Do kimchi and buses mix? For three culinary science students from the tourism college of Kyung Hee University, the answer is yes. Ryu Si-hyeong, 29, Kim Seung-min, 29, and Jo Seok-beom, 25, have remodeled their “kimchi bus” and driven some 50,000 kilometers across Europe and North America to promote Korean food…
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East Asia
Who will shine in biz circle in 2013?
With most firms completing year-end reshuffles, attention is now on who will lead their respective conglomerates to the top in Korea’s growing industries. Electronics duopoly Samsung and LG Electronics and automobile giant Hyundai Group have the best outlook for the new year with the longest standing businesses among local players…
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East Asia
We won’t stop here
The Korea Times has conducted a major renewal changing its whole appearance ranging from design and typeset to size of font and layout. It is a beginning of a journey we are inviting our readers to take with us ― our journey of perpetual change and constant reinvention. The overhaul,…
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