‘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
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. […]
Let civic groups handle injustice
Capitalism suggests minimal state intervention in the market. The basic assumption of a free market economy has been challenged here after economic injustice issues such as the clash of interests between mom and pop stores and large retailers run by conglomerates happened. Corporations’ business activities have undercut the profits of owners of small stores, pushing […]
Household debt continues to climb
Financial authorities see Korea’s household debt mountain growing steeper in the coming months as banks continue to exploit the demand from families struggling to keep up with the rising costs of living. Amid increasing concerns that the historically high level of personal indebtedness is posing a serious threat to the country’s financial stability, the Financial […]
Indonesia-US cooperate in developing ‘unconventional gas’
Indonesia and the United States on Monday agreed to cooperate in developing “unconventional gas” in Indonesia as the country will learn from its counterpart about technology to develop non fossil fuel. Evita Legowo, director general of Oil and Gas in the Ministry for Energy and Mineral Resources, said in the U.S.-Indonesia Energy Investment Roundtable, that […]
Sindh province of Pakistan expects US $8 billion Korean investment
Sindh, the southern province of Pakistan, expects 7 to 8 billion US dollar investment in different sectors including energy, food, tourism and communication up to 2020 from Republic of Korea, as a large number of Korean companies are keen to invest here. Several Korean companies are already here executing different projects, said Mr. Zubair Motiwala, […]
Message from the UN Secretary General
It gives me pleasure to convey greeting to the Asia Journalist Association on the launch of AsiaN. This new on-line news service begins work at a time when Asia has emerged as one of the new leaders of the global economy. The region’s prosperity and investment around the world continue to lift missions of people […]
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