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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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Business
FTC fines Samsung for obstructing probe
Korea’s anti-trust regulator has fined technology giant Samsung Electronics 400 million won (about $354,000) for obstructing an investigation into whether collusion took place between the company and wireless operators to fix prices of mobile-phones, thereby defrauding consumers. It marks the biggest fine ever levied by the watchdog for such charges.…
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Business
Kakao the invincible under threat
Popular mobile messenger service Kakao Talk is available on iOS, Android and Blackberry operating systems. The most popular mobile messenger service in the country, Kakao Talk, recently put the IT industry on alert by announcing that it has 42 million subscribers. It has become a must have application for smartphone…
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Business
Korean companies urged to upgrade CSR
Participants are all ears during an international seminar about corporate social responsibility, organized by the Korea Social Responsibility Institute, at a Seoul hotel, Wednesday. Wayne Visser, an internationally-renowned corporate social responsibility(CSR) expert said Wednesday that companies need to change their traditional CSR concepts to more creative and transformative ways, which…
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Business
KORUS FTA: boon or bane?
A sign offering a 40 percent discount for American wines in celebration of the March 15 effectuation of the Korea-U.S. free trade agreement (KORUS FTA) hangs at the entrance of a wine store in an E-Mart outlet in downtown Seoul, Tuesday. The KORUS FTA will remove a 15 percent tariff…
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Business
Japan presence affects agencies’ shares
K-pop entertainment agencies see their fortune greatly affected by the success of their bands in Japan. Clockwise from top left are male band Big Bang, girl group Girls’ Generation and duo TVXQ. K-pop boy band TVXQ is on an 11-city, 26-concert tour in Japan that started February and runs through…
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Business
Good contents Needed for Korean Wave 4.0
The continued development of high quality contents and diversification in the means of using them are the key to continued success of the so-called Hallyu or the Korean Wave, said the participants in the panel session of the Asian Leadership Conference. The session, held Wednesday (Mar. 7) at Hotel Shilla, was attended by…
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Business
France, US, Chile wage wine war in Korea
The Korean love affair with wines has fluctuated wildly between highs and lows in recent years. Distributors now hope that the effects of relaxed retail regulations and free trade pacts with wine-making nations will put the relationship on firmer ground by making them more affordable. Wine consumption appeared to be…
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Korean tax office to gain access to Swiss bank accounts
The National Tax Service (NTS) said Thursday that it will be able to gain access to Swiss bank accounts held by Korean citizens, which it expects will help detect illegal slush funds and prevent overseas tax evasion. The tax office said the National Assembly ratified a revised treaty with Switzerland…
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