Exodus?
Goldman, HSBC scaling back operations here The government’s move to turn Seoul into an Asia financial hub is going adrift as a growing number of foreign financial firms are moving to either pull out of Korea or scale back their operations here. Foreign players are suffering from poor business performances trigged by growing competition here […]
Lee Kun-hee’s firm business conviction contributes to success of Samsung
If Lee Kun-hee, the Chairman of SAMSUNG, Korea’s largest conglomerate were to provide his date, place and time of birth to an Indian astrologer, Mr. Lee may get very revealing insights to the course of events in his life. According to the Indian astrologers, the twelve planets impact lives of individuals depending on their position in […]
Samsung mobile products become more popular in Kathmandu
Number of the showrooms and shops of the Samsung products, especially the mobile phone sets, have increased in Kathmandu, the capital city of the tiny beautiful Himalayan country. When one passes through New Road, the downtown in Kathmandu, and other major markets of city these days, he can notice new bigger white signboards with Samsung […]
CJ saps aspiring small filmmakers
Vice Chairman Lee dominates in marketing, producing CJ E&M has become so dominant it leaves little room for small and independent moviemakers. The media giant accounted for a whopping 72.4 percent in audience share for domestic movies as of October, according to the Korean Film Council (KOFIC) Wednesday. “When combined with international releases, the rate […]
Alpensia under snowballing debts
Alpensia Resort, the main venue of the 2018 Winter Olympics, has been reeling from snowballing debts as it failed to sell vacation homes built along its golf course and condominiums there. The resort, located in PyeongChang, Gangwon Province, has been losing about 60 billion won ($55 million) annually over the past few years, despite revenue […]
POSCO aims to join global top 100 by 2020
Korean steel giant POSCO said Friday that it aims to rank within the top 100 in terms of global sales by 2020. The firm said it plans to strengthen its mainstay steel business by increasing output to 50 million tons annually. A 30 million ton-capacity mill in Indonesia will be completed in 2013. Facilities in […]
Will OECD data help Park?
Will the latest Organization for Economic Cooperation and Development (OECD) data have any relevance for the 2012 presidential election? The wealthy nations’ club said that Korean women suffered from the largest gender gap in wages among member countries. This signifies that they are discriminated against but it is still a moot point whether or not […]
Not worth it!
High-priced strollers by Stokke, Orbit rated poor Domestic demand for imported luxury strollers has increased rapidly in recent years but a quality assessment found they fail to live up to their reputation. Norwegian stroller maker Stokke and American brand Orbit sell their products at the relatively high price of around 1.5 million won ($1,380), 4.6 […]
Paris Baguette going global
SPC aims to increase bakery outlets to 3,000 in 60 countries by 2020 Bread is a staple food for Westerners and few doubt that the best-quality breads are baked in their countries. For Korean food and confectionery conglomerate SPC Group this is an image it hopes to shatter. The company’s Paris Baguette and Paris Croissant […]
Lee Gun-hee’s incessant innovation brings Samsung to success
Samsung School Book In our childhood, we considered ourselves the last generation of 1952 revolution. I was born in 1963, and then it was very clear that we live under the umbrella of values and slogans of Nasser revolution. Something we were proud of, as many are still, is that time was when Nasser built […]
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