Home » Archives by category » All » News » Economic (Page 101)

KORUS FTA: boon or bane?

KORUS FTA: boon or bane?

A sign offering a 40 percent discount for American wines in celebration of the March 15 effectuation of the Korea-U.S. free trade agreement (KORUS FTA) hangs at the entrance of a wine store in an E-Mart outlet in downtown Seoul, Tuesday. The KORUS FTA will remove a 15 percent tariff on U.S. wines. Korean automakers […]

Japan presence affects agencies’ shares

Japan presence affects agencies’ shares

K-pop entertainment agencies see their fortune greatly affected by the success of their bands in Japan. Clockwise from top left are male band Big Bang, girl group Girls’ Generation and duo TVXQ. K-pop boy band TVXQ is on an 11-city, 26-concert tour in Japan that started February and runs through April. It is expected to […]

Good contents Needed for Korean Wave 4.0

Good contents Needed for Korean Wave 4.0

 The continued development of high quality contents and diversification in the means of using them are the key to continued success of the so-called Hallyu or the Korean Wave, said the participants in the panel session of the Asian Leadership Conference. The session, held Wednesday (Mar. 7) at Hotel Shilla, was attended by Miyuki Hatoyama, wife of former […]

France, US, Chile wage wine war in Korea

France, US, Chile wage wine war in Korea

The Korean love affair with wines has fluctuated wildly between highs and lows in recent years. Distributors now hope that the effects of relaxed retail regulations and free trade pacts with wine-making nations will put the relationship on firmer ground by making them more affordable. Wine consumption appeared to be hitting new peaks when Lehman […]

Korean tax office to gain access to Swiss bank accounts

The National Tax Service (NTS) said Thursday that it will be able to gain access to Swiss bank accounts held by Korean citizens, which it expects will help detect illegal slush funds and prevent overseas tax evasion. The tax office said the National Assembly ratified a revised treaty with Switzerland earlier this week that permits […]

Naver: online chaebol?

Naver: online chaebol?

American Internet giant eBay has been controlling Korea’s electronic commerce markets through its affiliates Auction and Gmarket, but it remains to be seen whether local search king Naver could give it a run for its money. Search giant looks to launch open market service Naver, Korea’s near omnipresent portal accounting for over 70 percent of […]

Samsung mum on Apple ahead of critical rulings

Samsung mum on Apple ahead of critical rulings

It seems that Samsung Electronics is beginning to mince its words about its high-profile intellectual property fight with Apple ahead of crucial rulings in Germany. It was just months ago that the Korean technology giant had expressed bullishness in its legal battle with Apple, which doubles as its friend in parts but foe in finished […]

‘Samsung worker accused of shadowing CJ chairman’

CJ Group has claimed that a Samsung employee has been following its chairman around, demanding an apology from Samsung. Samsung declined to comment until the police conclude an investigation. CJ officials said Thursday that CEO Lee Jay-hyun’s guards caught a 42-year-old worker of Samsung C&T Corp., who they claim had been tailing the CEO for […]

‘Tesco supermarkets create more jobs than mom-and-pop stores’

‘Tesco supermarkets create more jobs than mom-and-pop stores’

Lawmakers have recently attempted to regulate discount chains’ efforts to set up convenience stores in city centers as well as residential areas in the name of protecting mom-and-pop stores and ordinary people. However, Home plus Chairman Lee Seung-han said in a recent interview with The Korea Times that its neighborhood Home plus Express supermarkets are […]

Pororo aims to be world’s beloved icon

Pororo aims to be world’s beloved icon

Strategic marketing grabs global children Standing next to a Pororo statue, Ahn Ye-eun, 4, was jumping nonstop with excitement at a Pororo-themed park in Shindorim, southern Seoul. “She’s been speechless ever since she got here, she’s probably thinking she’s dreaming now,” said Yoo Jung-ran, 60, a grandmother who babysits Ahn and her brother, Hyun-sung, 7. […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone