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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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Business
Volvo Group launches UD Trucks in Korea
Volvo Group launches UD Trucks in Korea UD Trucks, the Japanese subsidiary of Volvo Group, the leading global maker of commercial trucks, announced the launch of its Korean business Wednesday, aiming to get a significant slice of the market for midsized trucks. The launch came as part of efforts for…
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Business
Will pension fund have more sway in chaebol?
Will pension fund have more sway in chaebol? Korea’s jumbo pension fund now controls a significantly larger chunk of chaebol than their chairmen, industry figures showed Wednesday. Whether it decides to pull its weight in corporate decision-making processes, however, remains to be seen. According to figures from Chaebul.com, a researcher…
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Business
CJ partners with SOHO China
CJ Group formed a partnership with China’s biggest real-estate developer SOHO China Tuesday to facilitate expansion of its food business in Asia’s largest market, industry insiders said Monday. An official representing CJ Foodville, they said signed an agreement with a counterpart from the Chinese developer in Beijing, Tuesday. Under the…
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Entry barrier lowered on foreigner-only casinos
The government lowered the entry barrier for foreign investors seeking to operate casinos in free economic zones (FEZs), Tuesday. Until now, foreign investors were required to make an investment of at least $300 million up front to build a hotel or convention center before seeking permission to run a foreigner-only…
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Samsung advertisement strikes back at Apple
Samsung Electronics has struck back at Apple, not in their multiple courtroom fights over patents, but through newspaper advertisements. The Korean company has released an ad campaign in newspapers both here and in the United States, directly comparing its Galaxy S3 with Apple’s iPhone 5, under the tagline “It doesn’t…
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