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Business
We remember
It has been a year since Apple founder Steve Jobs died at the age of 56 after a long battle with cancer. Arguments are ongoing as to whether the innovation and dramatic changes in living habits and culture he initiated will continue. Early evidence from Korea, a nation fascinated with…
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Business
New cars ready to hit road
Foreign brands aggressively seeking bigger market shares Consumers here have tightened their purse strings but they seem to be open to buying imported cars. Foreign brands seem to be aware of this spending pattern and are poised to unveil new models to snap up a bigger slice of the pie.…
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Business
Darkest days in Korean history
People suffered greatly under brutal Japanese colonial rule This is the ninth of a 10-part series of Korean history from its mythological, ancient beginning until the present day. This project is sponsored by several companies and public agencies including Merck Korea, eBay Korea, Daewoo Securities and Korea Post. ― ED.…
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Business
Korean firms out to fix booze problem
Observers paint election preview on macro-economic data It’s obvious that the economy will be of greatest concern to voters when they head to the polling booths come December to pick a new president. So observers could do much worse than break down the recent economy-related numbers when making their predictions…
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Business
Cho Yang-ho’s dream
Can Hanjin chairman acquire KAI this time? Hanjin Group Chairman Cho Yang-ho is seeking to transform Korean Air, the conglomerate’s flagship unit and the country’s largest carrier, into a leading international aerospace company by acquiring Korea Aerospace Industries (KAI). He also hopes to expand its hotel business to create synergy…
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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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