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East Asia
CJ saps aspiring small filmmakers
Vice Chairman Lee dominates in marketing, producing CJ E&M has become so dominant it leaves little room for small and independent moviemakers. The media giant accounted for a whopping 72.4 percent in audience share for domestic movies as of October, according to the Korean Film Council (KOFIC) Wednesday. “When combined…
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East Asia
Alpensia under snowballing debts
Alpensia Resort, the main venue of the 2018 Winter Olympics, has been reeling from snowballing debts as it failed to sell vacation homes built along its golf course and condominiums there. The resort, located in PyeongChang, Gangwon Province, has been losing about 60 billion won ($55 million) annually over the…
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POSCO aims to join global top 100 by 2020
Korean steel giant POSCO said Friday that it aims to rank within the top 100 in terms of global sales by 2020. The firm said it plans to strengthen its mainstay steel business by increasing output to 50 million tons annually. A 30 million ton-capacity mill in Indonesia will be…
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East Asia
Will OECD data help Park?
Will the latest Organization for Economic Cooperation and Development (OECD) data have any relevance for the 2012 presidential election? The wealthy nations’ club said that Korean women suffered from the largest gender gap in wages among member countries. This signifies that they are discriminated against but it is still a…
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East Asia
Not worth it!
High-priced strollers by Stokke, Orbit rated poor Domestic demand for imported luxury strollers has increased rapidly in recent years but a quality assessment found they fail to live up to their reputation. Norwegian stroller maker Stokke and American brand Orbit sell their products at the relatively high price of around…
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Business
Paris Baguette going global
SPC aims to increase bakery outlets to 3,000 in 60 countries by 2020 Bread is a staple food for Westerners and few doubt that the best-quality breads are baked in their countries. For Korean food and confectionery conglomerate SPC Group this is an image it hopes to shatter. The company’s…
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West Asia
Lee Gun-hee’s incessant innovation brings Samsung to success
Samsung School Book In our childhood, we considered ourselves the last generation of 1952 revolution. I was born in 1963, and then it was very clear that we live under the umbrella of values and slogans of Nasser revolution. Something we were proud of, as many are still, is that…
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South East Asia
[Indonesia Report] Indonesia’s energy consumption grows highest in the world
Indonesia Ministry of Energy and Mineral Resources claimed that the growth of Indonesia’s energy consumption is higher than any other countries in the world. According to Kompas.com’s report, Directorate General of Renewable and Conservation Energy released a report on the growth rate of Indonesia’s energy consumption in recent years reached to…
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East Asia
Cure-all in the making?
RNL Bio founder Ra Jeong-chan regards stem cells as fountain of youth A research team at Chungbuk National University carried out experiments with dozens of mice over the past few years to learn what effect stem cells had on lifespan. A score of them lived their average span of around…
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East Asia
Busan logistics hub in Northeast Asia
Busan Port has emerged as a maritime logistics hub in Northeast Asia, attracting large numbers of multinational freighters. Thanks to its state-of-the-art loading and unloading facilities operational 24 hours a day, a skilled labor force and attractive incentives provided to shipping firms, it has become a must for global shipping…
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