Yeosu not expo-ready
Shortage of hotels, inadequate transportation threaten world fair Yeosu Expo organizers aim to achieve the ambitious goal of drawing 10 million visitors to the small southwestern port city in South Jeolla Province during the three-month event. They say they are ready for the largest global event ever hosted by the coastal city with 105 countries […]
CEO Min seeks to invigorate Kookmin
KB chief sees turnaround for BCC in coming years The rap sheet on KB Kookmin Bank was simple: A big, but boring bank that punches below its weight and gets routinely beaten by quicker rivals in new markets. The company’s response to its reputation problem was to hire a CEO who raps. The KB Kookmin […]
Going global
We’ve reached a tipping point in how the world works. The largest economy in the world is no longer the economy of any one country — it is the economy of the global trade of goods and services. Countries making an impact in the world of global trade are those connected to the global mainframe, […]
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 Jeonju, North Jeolla Province. Under […]
Important milestone
Korea aims to reach $10 bil. in food exports After reaching the $10 billion plateau in exports in the late 1970s, Korea has chalked up fast growth in overseas shipments to become the world’s ninth country to top $1 trillion in trade last year. Korea Agro-Fisheries & Food Trade Corp. CEO Kim Jae-soo expects the […]
All in!
Even Hyundai Motor Group Chairman Chung Mong-koo couldn’t remain on the sidelines, disclosing the carmaker’s strategically significant model, which it is looking to build as an iconic brand. Kia Motors took the wraps off the much-touted luxury sedan K9 Wednesday with Chung in attendance. It marks the first time in three years for the 74-year-old […]
New stem cell therapy succeeds
A Korean medical team said Wednesday that it had succeeded in greatly improving the condition of three paralyzed patients by injecting their own stem cells into the injured parts of their spinal cords. Headed by Jeon Sang-yong of Asan Medical Center in Seoul, the team treated 10 patients suffering general paralysis with the stem cell-based […]
Why is Google popular with workers?
Jobseekers here used to pick a company that offered high salaries and generous benefits even if they had to work through the night and come to the office on weekends. But these days, they are increasingly putting greater priority on other aspects of their careers. Many job hunters look to find employment at a place […]
‘Future of economy hinges on women’
Softening growth rates, collapsing consumer spending and a workforce aging dog years have been fueling apocalyptic talk about the future of Korea’s economy. So why amid the growing alarm over the unraveling of the Korean success model does the country permit itself to dramatically underutilize its highly-educated women, asks the head of a leading private […]
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 real estate agents in order to be able to own a […]
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