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East Asia
Bottom line comes first
Korean firms need to focus more on fundamentals Korean companies have a more pessimistic outlook than their global counterparts about the world economy and the likelihood of its improvement, a sentiment that is affecting to further depress merger and acquisition (M&A) activities as well. According to Ernst & Young’s latest…
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The best, oldest K-pop
When Kim Ki-duk, winning director of this year’s Venice Film Festival Golden Lion award, sang “Arirang” instead of giving a thank-you speech, he showed what the song means to most Koreans. “I just wanted to tell the world that this song is ours by singing it on the international stage…
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Doctor gets 20 years for killing wife
The Seoul High Court confirmed its original verdict on a doctor charged with strangling his pregnant wife to death, sentencing him to 20 years in prison Friday. The Supreme Court had earlier returned the case to the high court for reexamination, citing a lack of concrete evidence _ it will…
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East Asia
Korean iPhon Lovers Stand In Line For Buying New Model In Seoul
Customers wait in line from early morning to buy Apple’s iPhone 5 at a mobile phone shop in Seoul, South Korea, Friday, Dec. 7, 2012. Apple Inc. began selling the iPhone 5 in South Korea on Friday. Clerks prepare to display a poster of an Apple’s iPhone 5 at a…
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East Asia
Healing essays top bestselling list
As the economic woes continue to grip the nation, readers have sought for relief from books. This year, the largest number of readers chose “Things Can Be Seen When You Stop” by Ven. Hyemin, which includes inspirational lessons and wisdom. Kyobo Bookstore, the nation’s largest book retailer, has conducted its…
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East Asia
Retailers leave China for Southeast Asia
Department stores, discount store chains and other retailers, which rushed to set up presence in China over the past few years, are increasingly turning their eyes to Vietnam and other rapidly growing Southeast Asian nations. Some retailers have decided to downsize their operations in the world’s second largest economy, with…
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East Asia
Tears, good or bad for candidates?
After the successful 2002 tear-jerker, candidates appeal to voter emotion Tears of politicians have been viewed as a weapon to touch the hearts of voters over the past decade after Roh Moo-hyun benefitted from a 2002 presidential TV advertisement featuring his tears. Recently, both Park Geun-hye of the Saenuri Party…
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‘NK prepares to fuel rocket’
North Korea was making preparations to begin fueling a long-range rocket Friday, ahead of a launch planned for as early as Monday, reports said. Regional players began bracing for the move, with Washington deploying two destroyers to the area to monitor the launch and Tokyo issuing an order to shoot…
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East Asia
Everyone is a winner
Recipients of multicultural youth awards announced Hwang Min-woo, a dance prodigy with a Vietnamese mother, and nine other nominees were named winners in the 1st Korea Multicultural Youth Awards, Friday. The Korea Times organized the event to promote diversity and support talented children from multiethnic families with the Ministry of…
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East Asia
Year-end Soju War
Liquor makers engage in fierce marketing battle Domestic soju makers are waging a full-scale war against one another in order to get the upper hand during the peak season. The heated competition comes as Koreans consume larger volumes of soju, traditional distilled liquor, in December compared to other months as…
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