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Koreans to train Sri Lankan Korean lanaguage teachers

The education ministry said Monday it will send a team of five Korean language teachers to Sri Lanka to train some 100 teachers chosen by the Sri Lankan government. The Sri Lankan teachers will teach Korean language and literature at local schools after completing lessons with the Korean teachers, the ministry said. The training program […]

Fastest 10 million seller?

Fastest 10 million seller?

Samsung chief touts Galaxy S3 The head of Samsung Electronics’ handset division said Monday that the Galaxy S3 will become the fastest 10 million seller in the company’s history, expecting that it will see better results in the second quarter despite a worsening business environment. However, he denied allegations that an S3 exploded after over-heating […]

Irish scholar traces Dasan’s Christianity

Irish scholar traces Dasan’s Christianity

An Irish scholar characterized Jeong Yak-yong (1762-1836), a Korean philosopher and prolific writer often referred to by his pen name Dasan here, as a secret Catholic because he could not speak about his Christian beliefs in public. “In no uncertain terms, Dasan lived during a period of religious terror,” Kevin Cawley, a Korean Studies professor […]

Hyundai Motor chairman calls for emergency mode

Hyundai Motor chairman calls for emergency mode

Hyundai-Kia Automotive Group Chairman Chung Mong-koo Monday urged heads of the group’s overseas branches to find ways of minimizing any impact the eurozone debt crisis could have on the group’s sales across Europe and other regions. “We should prepare for measures in advance to cope with the possibility that the Eurozone crisis has an impact […]

Seoul, Moscow to discuss 6-way talks today

A senior Russian nuclear negotiator will hold talks in Seoul today to discuss how to handle North Korea amid ongoing tensions over its nuclear program, officials said. Grigory Logvinov, deputy chief envoy to the stalled six-party talks on Pyongyang’s nuclear program, will meet with Lim Sung-nam, Seoul’s top nuclear envoy to discuss ways forward following […]

LG CNS, HP team up for China business

LG CNS, HP team up for China business

LG CNS, a local provider of technology solutions, said Monday that it has struck a business tie-up with U.S.-based Hewlett-Packard (HP) to boost the Korean firm’s profile in China. In a statement, LG said it signed a non-binding memorandum of understanding (MOU) with HP for closer collaboration on smart-related businesses such as smart factories, smart […]

Uncertainty lingers on future of Hi-Mart

MBK Partners, the country’s largest private equity fund (PEF), has been selected as the preferred bidder for Hi-Mart ahead of retail giant Lotte Group. But analysts say it would have been better for the country’s largest electronics retailer to be acquired by Lotte because the marriage would create much-needed synergy for both retail-oriented entities. They […]

2,000 truckers go on strike

2,000 truckers go on strike

Some 2,000 unionized truck drivers went on strike Monday, raising fears that the country’s cargo transportation will suffer serious disruption if prolonged. No major disruptions were reported at major ports, but the Korean Cargo Transport Workers’ Union has threatened to block traffic coming in and out of them. The government vowed to take stern measures against […]

Social Media and the Arab Spring

[The East-West Wire] SEOUL — Speaking at a pace that mirrored the speed of a Twitter feed, Riyaad Minty, head of social media for Al Jazeera, shared lessons from the Arab Spring with more than 300 journalists at the East-West Center’s 2012 International Media Conference on 22 June at Yonsei University in Seoul . To […]

Property market swooning

Property market swooning

The government has introduced new policies to stimulate the housing market seven times in the past 18 months in an unapologetic display of desperation and kitchen-sink policymaking. But the ongoing dearth of transactions has critics wondering whether officials have been operating on a dead patient. To get across the sorry state of Korea’s property market, […]

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