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Business
Winner’s curse?
Can Woongjin chairman save troubled group? With Woongjin Holdings applying for court receivership, Wednesday, attention is being paid to how Woongjin Group Chairman Yoon Seok-keum will weather the biggest crisis of his business career. It seems that there are few options for the chairman. Given that he decided to put…
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Business
Scientists aim to start stem cell therapy of Alzheimer’s by 2016
A team of Korean scientists are striving to develop a stem cell therapy for Alzheimer’s disease by 2016 based on their latest discovery of how to grapple with the degenerative illness. The team, led by professor Suh Yoo-hun at Seoul National University and RNL Stem Cell Research Institute head Ra…
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What defines real Gangnam style?
Korean rapper Psy is now credited for an ultra catchy tune and the Internet’s favorite dance. However, “Gangnam Style’’ in real-life appears to have more to do with department stores, expensive hairdos and golf than invisible horse riding, according to figures from the country’s biggest credit card company. Gangnam literally…
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Business
Ban on overexposure
Teen sexualization on TV faces stronger censorship Television censorship authorities will strengthen moves to prevent teenage pop stars appearing in revealing clothing amid growing concerns about the media’s portrayal of young women as sex objects. Entertainment companies have been facing criticism that they are driving the sexualization of young girls…
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Business
Yemenis Feel Their Lives Have Been Worsening
In this Sunday, Sept. 23, 2012 photo, a veiled Yemeni woman, center, walks at Souq al-Melh marketplace in the old city of Sanaa, Yemen. Women in Yemen are worse off now than a year ago, when they played a significant part in the country’s revolution that promised political and economic…
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Business
Spanish People Stand Up Against Government Austerity Measures
Protestors holds a banner reading: “Democracy” as they prepare to march to parliament to protest against austerity measures announced by the Spanish government in Madrid, Spain, Tuesday, Sept. 25, 2012. Spain’s Parliament has taken on the appearance of a heavily guarded fortress with dozens of police blocking access from every…
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Business
Military more popular with jobseekers
Joining the military is usually regarded as one of the less desirable careers. But with an ever-shrinking job market and an uncertain economic outlook, an increasing number of people are regarding a military career as a stable alternative. According to Mileaders, a Seoul-based private education center, interest in military service…
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‘Ahnomics’ in the making
Software guru may focus on helping small firms, reforming chaebol After a state of indecision for months, computer software guru and Seoul National University dean Ahn Cheol-soo has finally thrown his hat into the presidential ring. But just who is he and what does he stand for? Despite his immense…
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International lawyers in high demand
Domestic law firms are rushing to hire international lawyers to meet growing demand for qualified legal professionals eligible to practice law overseas amid rising legal disputes between Korean and foreign firms. Major Korean companies with global operations, including Samsung, are looking for law firms with experienced lawyers who can help…
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Business
Patent troll?
Experts criticize Apple’s move to triple damage payment from Samsung The patent hearing between Samsung Electronics and Apple in the U.S. on Sept. 21 is expected to be when the world sees the American technology giant turn into a patent monster. The firm is preparing to request record damages from…
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