Will K-pop continue to stay on top?
Is K-pop for real or the fluke of the century? While it’s difficult to call an imposter a $3.2 billion industry that has doubled its global sales in each of the past three years, production companies admit to concerns that their strength in highly produced, one-size-fits-all music is beginning to be duplicated by others. And […]
Credit card use tops 60% of spending
Koreans’ credit card usage accounted for more than 60 percent of the nation’s total private spending as more people use plastic to pay for goods and services, according latest data, Monday. According to the Credit Finance Association, a lobby group of credit card issuers, a total of 1.1 trillion won of goods and services was […]
SK chairman stresses Korea-China harmony
SK Group Chairman Chey Tae-won has pledged to expand in China and contribute to improving ties between Korea and the world’s second largest economy. “We should not forget how the Korea-China relationship was forged two decades ago and how it has improved to today’s level,” Chey said in a congratulatory speech during an international seminar […]
‘India is black swan’
A noted global economist said Wednesday that India and Australia are the two nations most vulnerable if their economic bubbles burst, forecasting that the global economy, particularly emerging countries, will further decline in the future. Andy Xie, former chief economist at the Asia Pacific office of Morgan Stanley, pointed out that the solid performances of […]
Knockoff Galaxy S3 to go better than genuine one in China
Knockoff Galaxy S3, similar with genuine smartphones not only in appearance but also in functioning, will be on sale in China just one month after Galaxy S3 of Samsung Electronics began to be marketed. The name of Galaxy S3 knockoff smart phone is ‘HDC Galaxy S3’, whose size and external appearance are almost same including user interpace(UI) of […]
Property-rich celebrities saddled with huge debt
Celebrities are envied for owning expensive buildings in rich neighborhoods. Some may live in the lap of luxury but behind the gaudy exteriors a closer look at the books shows not all is necessarily well and good. Bad luck seems to have some stars sinking in debt with sky-high mortgages due to plummeting real estate […]
Samsung, Apple shares ‘decoupling’
The stock prices of Samsung Electronics and Apple, which used to move in similar patterns, have started to decouple. The world’s two leading smartphone manufacturers have moved in an opposite direction since early June with Apple shares jumping about 5 percent with Samsung’s plunging about 9 percent. The results can be seen unusual as the […]
Smartphones reshape retail landscape
The growing use of smartphones has entirely changed lifestyles in the 21st century, expanding to online shopping and changing the landscape of the retail industry. According to data from the Korea Online Shopping Association (KOLSA), monetary transactions via mobile online shopping totaled 3 billion won in 2009 when there were only 750,000 smartphones users at […]
2,000 Samsung workers apply to eat with Lee
More than 2,000 Samsung employees have bid for a private lunch with Samsung Electronics Chairman Lee Kun-hee, who will only see 10 of them sometime in September, Samsung Group said. The winners will be selected in consideration of age, sex, type of duty and office ranks, according to company officials. Samsung gathered applications from its […]
Some big firms to face cash flow problems
Several big firms are tightening their cash flow as a result of the eurozone crisis, coupled with the lack of a strong recovery in the U.S. market and a lackluster performance by the Chinese economy. Adding to the strain are weak domestic demand and a property market slump, online stock information provider FN Guide said […]
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