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Medical town due in Jeju

Medical town due in Jeju

The Jeju Free International City Development Center (JDC) broke ground Tuesday for the Jeju Healthcare Town which it expects to be built by 2015. It will be constructed on the Donghong-dong, Topyeong-dong sites in Seogwipo in the Jeju Special Self-governing Province and will be the first medical town in Korea to provide a variety of […]

Samsung, Apple may make up

Samsung, Apple may make up

Top executives of Samsung Electronics and Apple will soon meet to seek a compromise on the patent war that has lasted more than a year. “Samsung can confirm that our CEO Choi Gee-sung will meet Apple CEO Tim Cook, though the exact time and place haven’t been decided yet,” said a Samsung spokesman, Wednesday. The […]

Lee Kun-hee vows to fight in family feud

Lee Kun-hee vows to fight in family feud

  Samsung Electronics Chairman Lee Kun-hee said Tuesday that the nation’s most-powerful industrial conglomerate won’t seek a peace treaty with his relatives over the ongoing family feud over a portion of their father’s fortune. “There will be no compromise with my relatives and the issue associated with a portion of my father’s fortune had already […]

Lotte eyes water purifier business

Lotte eyes water purifier business

Lotte Group announced Friday that it is considering throwing its hat into the ring to acquire Woongjin Coway, the country’s biggest manufacturer of water and air purifiers. The announcement came as the Korea Exchange asked the retail giant to confirm the rapidly spreading rumors that it has taken steps for the acquisition. “At a group […]

Using culture as hook

Using culture as hook

Companies’ growing efforts to attract global talent Today, talent from around the world flows into the ever-intense labor market, but local employers’ satisfaction with new employees seems not so high and vice versa. In a recent survey by Incruit, a job search website, hiring managers gave an average of 6.7 out of 10 in evaluating […]

Evolution in Las Vegas

Evolution in Las Vegas

Can Sin City become future role model for Korea’s leisure industry? If a portion of the Las Vegas Strip, a 6.8-kilometer road packed with some of the world’s most extravagant hotels and casinos, is to be replicated in Korea, the plan would face fierce opposition. Gambling addiction and huge profits taken by foreign companies are […]

Why do coffee shops keep popping up?

Why do coffee shops keep popping up?

Restaurants, and other self-run retail businesses are struggling to make ends meet as households tighten their purse strings to cope with slower income growth and a sluggish job market. But one retail sector has been immune to this prevailing trend. Riding high on Koreans’ increasing appetite for freshly-brewed, premium coffee, both foreign and local coffee […]

Hyundai Motor to hold job fair for suppliers

Hyundai Motor to hold job fair for suppliers

Hyundai Automotive Group, Korea’s second largest conglomerate, plans to organize a series of large-scale job fairs to help its small-and medium-sized parts suppliers secure talented workers. This is also expected to provide millions of young job seekers here with a good opportunity to find work. The world’s sixth-largest automaker said Monday that it will hold […]

Global race for ‘rare earths’

Global race for ‘rare earths’

Korea’s effort to find new sources making little headway Global tension over rare earth metals — often identified as rare earths — has intensified as the United States, European Union and Japan recently teamed up and took it up a notch in pressuring China over persistent trade disputes. Last month, the trading power players filed […]

Google succumbs on privacy policy

Google succumbs on privacy policy

Google succumbed to the request by telecommunications regulators here to tweak its privacy policy for Korean users to abide with local laws. The announcement by the Korea Communications Commission (KCC) Thursday marked a critical moment for the U.S. Internet giant as it has been serious about avoiding country-specific rules and implementing the same conditions to […]

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