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East Asia
‘Gangnam Style’ signals bright future for Korea
Psy is becoming an international star through his sensational song “Gangnam Style,” a Billboard hit which has spawned a dance craze. On the surface, it is just a passing fad but many people say that the rise of the Korean singer on the global scene suggests that Korea is moving…
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East Asia
Mega leisure hub in sight
Incheon to turn two islands into comprehensive leisure complex Korea will create a comprehensive cultural, tourism and leisure complex on a site near the Incheon International Airport, three times bigger than Macao, in a bid to attract more wealthy Chinese tourists. The large-scale development project, designed to turn two islands…
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South East Asia
[Indonesia Report] Indonesia achieves record economic growth in 2012
Indonesia has achieved a record economic growth in the period from January through September 2012 with export of more than US$ 1 billion per month. In 2012, Indonesia export to non-conventional countries raises sharply. Indonesia Central Statistic Bureau’s Chief, Suryamin, told Vivanews.com that in September Indonesia has recorded a trade surplus of US$ 552,9 million, compared…
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East Asia
Restructuring in full swing
POSCO sells non-core assets; SK decentralizes POSCO, SK and other large business groups here, which have seen their bottom lines deteriorate, have begun taking preemptive measures to better cope with worsening business conditions at home and abroad. Some conglomerates are rushing to dispose of non-core units to raise much-needed cash…
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East Asia
Convenience store republic of Korea
24-hour shops multiplying at rapid rate but that doesn’t mean their business is thriving These are dreadful times for small businesses but convenience stores seem to be defying the odds as they begin to cover Korean streets like a blanket. Still, it’s debatable whether thriving is the right word to…
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East Asia
Japanese Gov’t Employs One Way Or Another To Fend Off Faltering Economy
People inspect flat-panel TVs at a discount store in Tokyo Friday, Oct. 26, 2012. Japan’s Cabinet approved a 423 billion yen ($5.3 billion) economic stimulus package on Friday, moving to fend off recession amid signs the recovery in the world’s third biggest economy is faltering. The decision coincided with news…
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East Asia
‘Gangnam Style’ means business
Seoul conference to discuss potential of Korea’s pop culture exports Korea’s meteoric rise as an economic power has been driven by exports of televisions, mobile phones, cars and ships. It bears further watching as to whether soap operas, movies and music will prove to be the next big thing in…
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East Asia
Korea 8th in business environment
Korea ranked eighth on the ease of doing business list this year, unchanged from a year ago, remaining in the top-10 list for two consecutive years, the finance ministry and the World Bank said Tuesday. The country was second in terms of enforcing contracts, showing that its judicial system provides…
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‘Unification costs will depend on NK wages’
South Koreans just can’t decide whether they want their country to unify with the North or not. One moment they get starry eyed imagining a bigger country with more political and economic clout but the next they worry about the enormous price tag attached to the combined country and social…
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East Asia
Dr. Lee – woman pioneer
Leading gynecologist builds network of hospitals, research centers This is the third in a series of interviews with prominent women leaders in the country’s financial and business sectors. Sponsors for this series include the Industrial Bank of Korea, Women in Innovation and Korea Network of Women in Finance. – ED.…
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