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Kenya to emulate Korea’s development model
‘We need Koreans’ technology, experience and energy,’ envoy says Korea’s relationship with Kenya and, by extension, with the African continent, is poised to take a leap forward. Korean-Kenyan investment and trade surged in recent years and could jump still higher with direct flights set to begin in June _ that…
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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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Heavy debtors borrow more to apply for rehabilitation program
A 29-year-old single working woman, surnamed Kim, who found herself in excessive debt, sought a way of breaking through the debt problem she faced such as pressure from debt collectors of banks and heavy burden of up to 40 percent in interest on loans from secondary banking institutions. Kim turned…
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Let’s set mad cow facts straight
The first case of mad cow disease in the United States was discovered in a Holstein dairy cow in Washington State on Dec. 23, 2003. In memory of the 2008 candlelit protests that were triggered by concerns about the safety of U.S. beef, over 3,000 gathered in Cheonggye Square, central…
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AJA issues statement on World Press Freedom Day
On the occasion of the World Press Freedom Day which fell on Thursday (May 3), the Asia Journalist Association (AJA), represented by Ivan Lim, issued a statement in which it said “we would like to applaud the journalists doing their best to convey the truth to their readers.” It continued that “as…
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Society
Baby boomers going bust
Plight of Koreans over 50 poses serious threat to financial stability The Korean story of decaying family finances is beginning to resemble an old wedding saying: There’s something old and something new, definitely something borrowed and all is blue. As the country faces a disastrous vortex of historically high household…
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Foreign buyers line up to purchase houses in Turkey
Wealthy people from the Middle East are lining up at the doors of real estate agents to buy houses in Turkey, Environment and Urban Development Minister Erdoğan Bayraktar said on Tuesday. As stated by the minister in Trabzon following a meeting on Sunday, rich buyers from countries such as Iran, the United Arab Emirates and Saudi Arabia have made down payments to contractors and…
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Society
The reasons why singles don’t marry
Why don’t they marry? Is it because of money? Losing a sense of self-respect may be the bigger reasons for it. The people who don’t are called the “generation of three abandonments” dating, marriage and childbirth. “Unable to marry” has now been added to them. Many people attribute the…
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OECD head urges Korea to reform labor sector
Reform of the labor market would be indispensable for sustainable economic development and social cohesion in Korea, the top official of the Organization for Economic Cooperation and Development (OECD) said Friday. Angel Gurria, secretary general of the OECD, said the country should revise its long-hour working system to give more…
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Society
Reserve forces in South Korea and China
Chinese reserve forces, at right, and Korean reserve forces, at left, are under training at their training camps. South Korea’s reserve forces wee established on April 1, 1968 after the North Korean commando troops attacked the Chong Wa Dae, the official residence of the President, two and half months earlier. Members…
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