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Annual salaries of Korean tycoons revealed
Former SK Group Chairman Chey Tae-won received the biggest paycheck last year among listed firms’ CEOs and executives, earning 30.1 billion won from the group’s four affiliates, according to the firms’ business reports filings, Monday. Chey received the biggest paycheck as he served as a director of the board of…
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East Asia
Samsung SDI plans to acquire Cheil
Samsung SDI, the battery making unit of Samsung group, will acquire electronics materials affiliate Cheil Industries, the company said Monday. “SDI plans to acquire Cheil by offering Cheil shareholders 0.44 SDI share for each Cheil share,” SDI and Cheil said in a joint statement, early Monday. The plan is subject…
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East Asia
[Books] An Afghan Odyssey from Within
A Fort of Nine Towers: An Afghan Family Story By Qais Akbar Omar | Farrar, Straus and Giroux | 2013 Unlike many books on Afghanistan written by foreigners and Afghan expatriates, A Fort of Nine Towers is a memoir of native Afghan Qais Akbar Omar. Omar presents a rare first…
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East Asia
S. Korea blasts Japan for history distortion at UN debate
South Korea blasted Japan’s distorted view of history at a U.N. Security Council open debate on “War, its lessons, and the search for a permanent peace,” on Jan 29. 2014. China and North Korea also voiced criticism over Japanese Prime Minister Shinzo Abe’s recent visit to the Yasukuni Shrine. Below…
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East Asia
[Asia Round-up] China’s shadow banking
Editor’s note: Followings are summaries of editorials from major Asian media on current issues. China’s shadow banking The so-called “Fragile Five” have been scrambling to raise interest rates to curb inflation: Turkey, South Africa and India have all done so. This matters to Malaysia though its economy is fairly resilient.…
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East Asia
[Asia Round-up] Taiwan’s challenges over its sovereignty
By the NUMBERS Taiwan’s challenges over its sovereignty The debate over Taiwan’s sovereignty, status as a nation-state or part of China is being rekindled with its recent loss of diplomatic ties with Gambia. Many speculate about Taiwan’s position and role in the international community. In light of this, Taiwan’s “soft…
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East Asia
[Asia Round-up] Samuragochi’s shameful deception
Editor’s note: Followings are summaries of editorials from major Asian media on current issues. Samuragochi’s shameful deception The deception by the supposedly deaf composer Mamoru Samuragochi is twofold. Takashi Niigaki, a lecturer at Toho Gakuen School of Music, disclosed he had ghostwritten 20 music scores credited to Samuragochi for the…
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East Asia
Confederation or instant unification
Over the last few months we have seen a number of signals which indicate that Marshall Kim Jong Un, the young North Korean dictator, is really serious about changing his country. Most likely, he wants to turn his country into a mini-China, where cutthroat capitalism will be practiced under the…
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East Asia
[Photo Break] Learn from enemies!
Learn from enemies! In the practice of tolerance, one’s enemy is the best teacher. – The Dalai Lama
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East Asia
China’s conditions to accept a ‘unified Korea’
Recent months have seen an unusual amount of noise and a sense of crisis in Northeast Asia, a region in which nationalist passions have not run this high for decades. Sino-Japanese relations have hit a nadir, while US commitments to Japan have been strongly confirmed. While South Korea’s President Park…
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