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Going global

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

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

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!

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

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?

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’

‘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 […]

‘Macquarie pursuing excessive gains’

NGOs call for probe of ‘unfair’ subway deal costing taxpayers A civic coalition called for a full-scale investigation Tuesday to clear suspicions surrounding Macquarie’s investment in 2005 in the construction of Subway Line 9. It says then-Seoul Mayor,Lee Myung-bak, who is now President, was behind the contract that they claim was against public interests. The […]

Free fall slide

Free fall slide

LG Chem, Kumho Petro tumble in stock market The local stock market has been highly volatile over the past few weeks amid lingering woes over the eurozone’s debt crisis and a slow recovery by major economies, including the United States. In this unstable market, domestic companies have shown quite contrasting movements based on their earnings […]

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