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Business
Global race for ‘rare earths’
Korea’s effort to find new sources making little headway Global tension over rare earth metals — often identified as rare earths — has intensified as the United States, European Union and Japan recently teamed up and took it up a notch in pressuring China over persistent trade disputes. Last month,…
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Business
Google succumbs on privacy policy
Google succumbed to the request by telecommunications regulators here to tweak its privacy policy for Korean users to abide with local laws. The announcement by the Korea Communications Commission (KCC) Thursday marked a critical moment for the U.S. Internet giant as it has been serious about avoiding country-specific rules and…
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Politics
North Koreans eager to learn int’l business norms
If North Korea, as in the eyes of some casual observers, is totally sealed off from the outside world, it would follow that there would be little interest there in, say, the intricacies of the global economy. But according to Choson Exchange (CE), a Singapore-based non-profit group that runs business…
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Business
Men’s ever-growing grooming needs
Consumers with deep pockets and cultural shift drive markets “No shame: get a free eyebrow touch-up and makeup for men” A blackboard sign said standing in front of a cosmetics shop named Manstudio. Located at the center of a bustling, hip street of Hongdae in Seoul, it is the first…
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Business
Spanish Workers Vent Their Anger Out on Street
A demonstrator walks during the general strike in Barcelona, Thursday, March 29, 2012 as trash burns in the street. Spanish unions angry over economic reforms are waging a general strike, challenging a conservative government not yet 100 days old and joining other troubled European workers in venting their frustration on…
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Politics
BRICS summit held in New Delhi
From left to right, Brazil’s President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma join hands during the group picture for the BRICS 2012 Summit in New Delhi, India, Thursday, March 29, 2012. Heads of States of…
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Business
Imported strollers sell for double original prices
Seo Hyun-jin, 30, will become a mother in two months. She recently went shopping for a stroller at a department store but left empty-handed. She said she was shocked by the prices of imported strollers. “They were much more expensive than I expected,” she said. “Strollers from well-known imported brands…
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Business
World Bank chief-nominee to tour 7 nations
Korean-born Dartmouth College President Jim Yong Kim, who has recently been nominated by U.S. President Barack Obama to lead the World Bank, will soon visit Korea, according to the U.S. Treasury Department Tuesday. The visit is part of an 11-day global tour to win over skeptics in Africa, Asia and…
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Business
Where does Kakao Talk go from here?
Above is a screen shot of Kakao Story, a social networking service launched by the country’s most popular mobile messenger service Kakao Talk. The company has been expanding the business scope based on the huge user base. Kakao Talk, a mobile messenger application downloaded by almost all smartphone users here,…
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Business
For Korean women, glass ceiling is more like concrete
“Glass ceiling” is a universal term for describing the barriers preventing more women reaching the top echelons of the corporate world. But to many working women in Korea, who have experienced the limitations to their opportunities as being blatant and often unbreakable, the ceiling has to be looking more like…
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