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Business
‘Gori No. 1 reactor is safe to operate’
The No. 1 reactor of the Gori nuclear plant in Busan should resume operations to meet surging electricity demand amid the scorching heat wave gripping the nation, according to the state-run operator of Korea’s 21 atomic reactors. There has been a growing call for the reactor to be made operational…
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Hackers leak personal details of 9 million wireless users
Millions of mobile phone users face a potential security breach after hackers gained access to their personal data from telecommunications giant KT, police said Sunday. This provided a damning reminder that the country’s computer security defense is as porous as Swiss cheese. Investigators at the National Police Agency’s cyber terror…
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Business
Renault Samsung boasts of quality services
Renault Samsung Motors (RSM) has set a milestone by topping the annual Customer Satisfaction Index for 10 straight years through 2011 in the survey by automotive research firm Marketing Insight. The automaker is also found to have received the least complaints in terms of after-sales customer services, according to a…
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Business
Conrad challenges Lotte, Shilla Hotel
“Watch out Lotte and Shilla! Here we come.’’ This is the message sent out by Nils-Arne Schroeder, general manager of the Conrad Hotel Seoul, which will open in Yeouido in November. He said the Hilton Hotel Group’s premier luxury brand will steal guests from Lotte and Shilla, as well as…
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Business
Samsung offers retirement solutions
Samsung Securities said Wednesday that it offers unique solutions for managing assets after retirement. The brokerage house said that it will focus on Korean baby boomers, set to retire soon. According to data from Statistics Korea, the nation’s baby boomers, referring to people born between 1955 and 1963 following the…
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Business
Busan horse park becomes tourist spot
Horse parks operated by the Korea Racing Authority (KRA) have become a family-oriented leisure destination for both Korean and foreign tourists as they offer a wide array of fun-packed events for people of any age. Currently, there are three such theme parks. Those in Seoul and Jeju are well known,…
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Business
Economics of ramyeon
Instant noodle sales booming amid slump It is obvious that businesses face a harder time selling their goods when the economy is bad as consumers tighten their purse strings. But ramyeon makers are an exception to this norm as people with lighter wallets tend to eat more instant noodles as…
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Business
Chaebol exert bigger clout on bourse
Samsung Electronics, Hyundai Motor and Korea’s other top corporations have successfully taken advantage of the 2008 global financial crisis as a golden opportunity to emerge as a major player on the international stage. Samsung is now the world’s largest smartphone maker, edging out Apple and other global technology giants, while…
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‘Samgyetang’ to be exported to America
Korea has paved the way for its signature energy-boosting “samgyetang” (chicken stew with ginseng) to be exported to the United States as the traditional food passed a quarantine inspection on sanitation levels and other requirements. The Ministry of Foreign Affairs and Trade (MOFAT) said Monday that U.S. inspectors visited facilities…
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Business
Korea aims to breed 100,000 horses by 2022
The Korea Racing Authority (KRA) said Monday that it will breed up to 100,000 horses by 2022 and build more race tracks to make the horse industry a new growth engine. Under a plan dubbed “KRA’s Vision 2022 for the New Century,’’ the state-run racing organizer added that it would…
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