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‘Korea, US cut secret beef deal’

‘Korea, US cut secret beef deal’

Lawmaker claims gov’t complied with US demand for softer stance An opposition lawmaker alleged Thursday that the government promised the United States not to discontinue American beef imports even if a new case of mad cow disease was reported in a secret deal made in 2008. Rep. Park Joo-sun of the main opposition Democratic United […]

2012 Beijing Auto Show

2012 Beijing Auto Show

The 2012 Beijing International Automotive Exhibition kicked off Monday at the China International Exhibition Center with domestic and global automakers filling the venue with new models. The biennial event will run through May 2. This year’s event is the largest ever, showing the increasing importance of China as the biggest car market in the world. […]

Exim focuses on Middle East, North Africa

Exim focuses on Middle East, North Africa

The Export-Import Bank of Korea (Korea Eximbank) hosted an international business conference Wednesday aimed at connecting Korean companies with business executives and finance experts in fast-growing regions in the Middle East and North Africa. In a keynote speech at the conference, titled “Shaping the relationship between MENA (Middle East and North Africa) and Korea in […]

Myanmar to put low-cost mobile phones into service across country

YANGON — Myanmar telecommunications authorities announced on Wednesday that it will put low-cost mobile phones into service across the country next month. It said that GSM/WCDMA sim cards, which will be sold at a low price of 200,000 Kyats (247 U.S. dollars) since May 3, can be carried and used at any place across the […]

Korea 2nd on global cartel fines

Korea 2nd on global cartel fines

Korean firms have been slapped with a total fine of 2.4 trillion won ($2.1 billion) by overseas anti-trust regulators since 2000 for price-fixing, the Fair Trade Commission said Tuesday. They had to pay nearly $1.27 billion in fines in the United States, and four out of 10 non-American businesses that had to pay high fines […]

Globalization of Korean art

Globalization of Korean art

Challenges facing local contemporary art community The last two decade has seen the explosion of the Korean wave or “hallyu” around the world. Today, hallyu is a global phenomenon that encompasses every major aspect of Korean culture, including its music (K-pop) and food (hansik). Recent reports note that Korean cultural exports reached over 4.5 trillion […]

Asia’s demographic woes

Asia is aging. Current projections indicate that the working population in most Asian countries will decline over the coming years, if they haven’t started already. In response, calls for greater investment became louder so greater efficiency can compensate for the reduction in raw labour inputs. This is certainly an ideal solution. But the magnitude of […]

Samsung, Sony team up on OLED

Samsung, Sony team up on OLED

Sony is seeking to purchase Samsung Electronics’ next-generation advanced organic light-emitting diode (OLED) flat-screens for its new line of TVs. Sony wants its Bravia televisions ― to be marketed as early as next year ― to have Samsung’s OLED screens, officials of the Korean technology firm told The Korea Times, Sunday. “Bravia OLED TVs will […]

Snapshot of Korean CEOs

Snapshot of Korean CEOs

Here is something that corporate CEO hopefuls here should remember ㅡ if they want to be successful, they need to be male, Seoul-born, have graduated from Kyunggi High School and Seoul National University (SNU) with a major in engineering. They are also required to spend 27.7 years working for the same company and turn 59 […]

Korea sets up global alliance in forestation

Korea sets up global alliance in forestation

Despite increasing demand for timber in line with development in China and India, importers complain of difficulties in securing sufficient amounts due to stiff logging regulations. From the perspective of timber exporters, they counter that logging has exploited forests posing serious environmental threats. Korea has discovered a way to satisfy both sides at the same […]

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