• East Asia

    Doha Bank ready to finance Korea builders

    Doha Bank Group CEO Raghavan Seetharaman said that the bank will step up efforts to finance Korean builders seeking to get the upper hand in the Arabian Gulf region where huge business chances are awaiting them. In an interview with The Korea Times Thursday, the head of the third-largest Qatari…

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  • Central Asia

    Supergiant Offshore Oilfield In Kazakhstan Ready To Pump Oil From 2013

    This August 2012 photo provided by North Caspian Operating Company, NCOC, shows Kashagan offshore oilfield in western Kazakhstan. The supergiant field, which is believed around 13 billion tons of recoverable oil, is expected to begin producing its first crude in 2013 after many years of delays. <AP Photo/North Caspian Operating…

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  • Business

    Psy most sought-after model for advertisers

    Psy, a 35-year-old chubby rapper and also a father of twin baby girls, has become the country’s most sought-after model for corporate advertisers these days, with his global hit “Gangnam Style’’ and comical horseback riding dance sweeping the planet. Companies that have signed Psy to promote their products have hit…

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  • LG Uplus, Google team up for new TV service

    Korean mobile carrier LG Uplus Corp. and U.S. tech giant Google Inc. said Tuesday they plan to launch a new program incorporating the two companies’ television services. The program, called “u+tv G,” will combine the No. 3 mobile carrier’s existing Internet Protocol (IPTV) service with the Android giant’s “Google TV”…

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  • USFK mail used as drug supply line

    The U.S. military postal system is being used as a supply channel for new kinds of drugs entering Korea, according to an opposition lawmaker Monday. To put the brakes on the runaway rise in drugs sent here, it is crucial the Korea Customs Service (KCS) steps up surveillance and inspections…

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  • Business

    ‘Testosterone is the problem’

    If it was called Lehman Sisters, there would have been no global financial crisis in 2008 and the U.S. investment firm would still be around, says Korea International Finance Institute CEO Kim Sang-kyung. Kim, regarded as godmother of women in the financial industry, resorts to the theory of balance to…

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  • Business

    Sense and sensitivity

    Does it matter that Kim called Japanese crown prince royal instead of imperial? TOKYO – World Bank President Jim Yong Kim arrived in Tokyo to share ideas with policymakers on how to lift the global economy out of the gutter. However, the Korean-American physician, who took the helm of the…

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  • IMF calls for cooperation in Northeast Asia

    TOKYO ― International Monetary Fund (IMF) Managing Director Christine Lagarde expressed concerns Thursday that the political wrangling between Korea, Japan and China is posing a further threat to the world’s already fragile financial health. “We would hope at the IMF meetings that longstanding differences concerning territorial matters can be resolved…

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  • Business

    NH hits globalization path

    Chairman plans to open more overseas branches, beef up project financing NH Nonghyup Financial Group Chairman Shin Dong-kyu said Thursday the group will start actively taking part in overseas project financing and opening branches overseas. “Nonghyup initially didn’t even think of eyeing the global financial business after a previous loss…

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  • Dokdo row hurts biz with Japan

    A growing number of retailers, travel agencies and other businesses catering to Japanese tourists or selling goods in Japan have begun feeling the pinch of deteriorating diplomatic relations with the world’s third largest economy. Since President Lee Myung-bak made an unprecedented visit to Dokdo in August, bilateral ties between the…

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