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World Bank chief-nominee to tour 7 nations

World Bank chief-nominee to tour 7 nations

Korean-born Dartmouth College President Jim Yong Kim, who has recently been nominated by U.S. President Barack Obama to lead the World Bank, will soon visit Korea, according to the U.S. Treasury Department Tuesday. The visit is part of an 11-day global tour to win over skeptics in Africa, Asia and Latin America to his becoming […]

Where does Kakao Talk go from here?

Where does Kakao Talk go from here?

Above is a screen shot of Kakao Story, a social networking service launched by the country’s most popular mobile messenger service Kakao Talk. The company has been expanding the business scope based on the huge user base. Kakao Talk, a mobile messenger application downloaded by almost all smartphone users here, is successfully expanding its business […]

For Korean women, glass ceiling is more like concrete

For Korean women, glass ceiling is more like concrete

“Glass ceiling” is a universal term for describing the barriers preventing more women reaching the top echelons of the corporate world. But to many working women in Korea, who have experienced the limitations to their opportunities as being blatant and often unbreakable, the ceiling has to be looking more like concrete. It’s almost too easy […]

FTC fines Samsung for obstructing probe

FTC fines Samsung for obstructing probe

Korea’s anti-trust regulator has fined technology giant Samsung Electronics 400 million won (about $354,000) for obstructing an investigation into whether collusion took place between the company and wireless operators to fix prices of mobile-phones, thereby defrauding consumers. It marks the biggest fine ever levied by the watchdog for such charges. Security guards at a Samsung […]

Kakao the invincible under threat

Kakao the invincible under threat

Popular mobile messenger service Kakao Talk is available on iOS, Android and Blackberry operating systems. The most popular mobile messenger service in the country, Kakao Talk, recently put the IT industry on alert by announcing that it has 42 million subscribers. It has become a must have application for smartphone users here, as a survey […]

Korean companies urged to upgrade CSR

Korean companies urged to upgrade CSR

Participants are all ears during an international seminar about corporate social responsibility, organized by the Korea Social Responsibility Institute, at a Seoul hotel, Wednesday. Wayne Visser, an internationally-renowned corporate social responsibility(CSR) expert said Wednesday that companies need to change their traditional CSR concepts to more creative and transformative ways, which he named CSR 2.0. The […]

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 […]

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