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East Asia
Bakery war deepening
New rules to be unveiled against franchise expansion Tension is rising among the country’s bakery franchises because the government is expected to announce new regulations preventing further domestic expansion of their businesses. The Commission for Shared Growth for Large and Small Companies will publish the rules today despite strong opposition…
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East Asia
Chinese firms target fashion brands
A growing number of Chinese companies are expanding investment in Korean fashion brands to learn their marketing and design and to eventually develop a high-quality homegrown brand in China. Over the past few months, some cash-rich Chinese firms have taken over leading Korean brands, while others have established funds to…
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East Asia
Bullish Market Returns In Tokyo Stock Market Due To Expectation From New Leader
People walk by an electronic stock board of a securities firm in Tokyo, Thursday, Dec. 27, 2012. Asian markets have risen amid optimism that Japan’s new leaders will stimulate its sluggish economy. A man walks by an electronic stock board of a securities firm in Tokyo, Thursday, Dec. 27, 2012.…
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East Asia
Santa Claus from Finland in town
If you were one of those who decided to believe Santa Claus didn’t exist after one Christmas Eve when you saw your parents put gifts under the Christmas tree, here is somebody who can restore your childlike innocence. A white-bearded old man from Finland, wearing a symbolic red coat is…
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Imports of Japanese sake hit record high
Korea’s imports of Japanese traditional alcoholic beverage sake jumped to a record high this year amid growing demand for foreign liquors among local consumers, customs data showed Monday. Korea imported a record high of 4.1 million liters of sake during the January-November period, up 70.2 percent from the same period…
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East Asia
Aides to draw Park’s economic policy
People are now paying keen attention to what direction President-elect Park Geun-hye will steer the Korean economy that has been suffering from sluggish growth due to multiple downside risks both at home and abroad. Policymakers and business leaders are looking to what her economic policies will be. One way to…
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East Asia
What’s best way to ease hangover?
Year-end binge drinking renews rivalry in ‘cure’ drink market For many Korean company workers, December is a month of binge drinking. They stagger and sway through a variety of year-end parties day after day and in many cases are forced to drink beyond their limits. The year-end binging has drastically…
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East Asia
President-elect’s business network
Park has links with POSCO, Hanwha, GS With Park Geun-hye elected as the next president, market players are paying attention to how close her relationships are with domestic business leaders. Park has an extensive network within the business world. Companies with ties forged with the President-in-waiting include Korea’s biggest steelmaker…
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East Asia
Markets unlikely to be swayed by election
With the presidential election over, policymakers and investors are looking to how the results will affect the future course of financial markets, particularly the stock market. Analysts predict the stock market will receive a short-term boost on the elimination of political uncertainty and the anticipation of stimulative economic policies by…
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East Asia
SK Chairman Chey steps down from top post
SK Group Chairman Chey Tae-won has stepped down from the top post of Korea’s third largest conglomerate’s decision-making body to serve as a strategic stakeholder, the group said Tuesday. Kim Chang-geun, vice chairman of SK Chemical, was appointed to chair the group starting January, it said. “Chey, who has served…
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