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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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Business
Babyboomers forced to retire earlier
Kim Seong-ho, born in 1961, will never forget the day his boss asked him to take an early retirement package earlier this year. The 52-year-old Korean baby boomer (those born between 1955 and 1963), who is now unemployed, used to be a production manager at a small industrial plant in…
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Business
Important milestone
Korea aims to reach $10 bil. in food exports After reaching the $10 billion plateau in exports in the late 1970s, Korea has chalked up fast growth in overseas shipments to become the world’s ninth country to top $1 trillion in trade last year. Korea Agro-Fisheries & Food Trade Corp.…
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Business
All in!
Even Hyundai Motor Group Chairman Chung Mong-koo couldn’t remain on the sidelines, disclosing the carmaker’s strategically significant model, which it is looking to build as an iconic brand. Kia Motors took the wraps off the much-touted luxury sedan K9 Wednesday with Chung in attendance. It marks the first time in…
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Business
New stem cell therapy succeeds
A Korean medical team said Wednesday that it had succeeded in greatly improving the condition of three paralyzed patients by injecting their own stem cells into the injured parts of their spinal cords. Headed by Jeon Sang-yong of Asan Medical Center in Seoul, the team treated 10 patients suffering general…
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Business
Why is Google popular with workers?
Jobseekers here used to pick a company that offered high salaries and generous benefits even if they had to work through the night and come to the office on weekends. But these days, they are increasingly putting greater priority on other aspects of their careers. Many job hunters look to…
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