• Business

    Making headway in world scene

    BMW Korea has emerged as a frontrunner of the German-based automaker’s units across the world not only in terms of sales but also in terms of corporate social responsibility (CSR) programs. BMW Korea CEO Kim Hyo-joon said that the global organizations of BMW are ready to copy the Seoul-based company’s…

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  • Business

    Yeosu Expo officially begins

    The 2012 Yeosu Expo, which will run for 93 days until Aug. 12, officially kicked off Saturday morning. The official opening ceremony was held in front of the digital gallery of the exhibition hall under the presence of the expo committee and Yeosu city officials. At the opening ceremony, the…

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  • Business

    Empty talk

    Big firms playing dumb to challenges of aging population A workforce aging in dog years has been fueling apocalyptic talk about the future of Korea’s economy. Nonetheless, the country’s biggest corporations continue to display a maddening inability to think beyond the next quarter. Policymakers like Strategy and Finance Minister Bahk…

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  • Business

    Hyundai set to beat Volkswagen in market cap

    As far as market share is concerned, Hyundai Motor Group is the world’s No. 5 player. But when it comes to market capitalization, it is closing the gap on the runner-up spot. As of the end of Tuesday, the combined market capitalization of Hyundai Motor Group’s top two brands ―…

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  • Business

    $100 billion encounters

    KB chief to meet Gates, Buffett at CEO summit KB Financial Group Chairman Euh Yoon-dae will discuss international management trends and economic issues next week along with about 100 guests, which will include two of the world’s three wealthiest people. The nation’s top financial group said Wednesday that Euh will…

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  • Business

    Still under construction

    With 2 days to go before opening, Yeosu Expo unprepared YEOSU — With the grand opening of the Yeosu Expo slated for Saturday, exhibition halls and other facilities are unfinished, littered with tools, electric cords and others, casting doubt on whether the international event’s long-awaited opening will take place on…

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  • Business

    Misfortunes strike Naver

    NHN, the Internet search company that runs Naver, is weathering a sea of troubles, including corporate fund embezzlement and a massive brain drain. The two factors indicate that the firm’s management is losing its grip, experts said. According to NHN Tuesday, one NHN official is suspected of embezzling about 3.6…

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  • Business

    Yeosu not expo-ready

    Shortage of hotels, inadequate transportation threaten world fair Yeosu Expo organizers aim to achieve the ambitious goal of drawing 10 million visitors to the small southwestern port city in South Jeolla Province during the three-month event. They say they are ready for the largest global event ever hosted by the…

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  • Business

    CEO Min seeks to invigorate Kookmin

    KB chief sees turnaround for BCC in coming years The rap sheet on KB Kookmin Bank was simple: A big, but boring bank that punches below its weight and gets routinely beaten by quicker rivals in new markets. The company’s response to its reputation problem was to hire a CEO…

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  • Business

    Going global

    We’ve reached a tipping point in how the world works. The largest economy in the world is no longer the economy of any one country — it is the economy of the global trade of goods and services. Countries making an impact in the world of global trade are those…

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