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Hanwha gives up buying ING unit

Hanwha gives up buying ING unit

Construction project in Iraq will continue as planned Upon the arrest of its chairman, Hanwha Group has virtually abandoned any intention of acquiring ING Life’s Southeast Asian business. Previously, the group had been competing with multinational life insurer AIA Group to take over the Southeast Asian arm of the Dutch firm in an effort to […]

K-drama leads ‘hallyu’

K-drama leads ‘hallyu’

A variety of soap operas, from trendy shows to epic series, grace the small screen from morning till night. The popularity of Korean TV dramas has spilled over the nation’s borders since the late 1990s, igniting “hallyu,” or the Korean wave. The biggest hit of the first half of this year is MBC’s “The Moon […]

Split decisions on Samsung-Apple fight?

There are two decisions coming in the patent disputes pitting Samsung Electronics against Apple. In Seoul, a delayed court ruling is scheduled for Friday, which will be followed by a ruling by the jury in San Jose, Calif. “I think the decision will be different in each country. When we talk about design, this is […]

Samsung can’t afford to lose Apple fight

Samsung can’t afford to lose Apple fight

Samsung Electronics is prepared to take the ongoing court battle with its biggest client Apple to the U.S. Supreme Court because it regards continuation of the dispute as inevitable. The two sides failed to reach a compromise despite mediation talks ordered by U.S. federal Judge Lucy Koh who is presiding over the biggest technology industry […]

Can she make it?

Can she make it?

Park Geun-hye becomes 1st woman presidential candidate of ruling party Rep. Park Geun-hye, 60, daughter of the late President Park Chung-hee, won the ruling Sanuri Party’s nomination to compete in the Dec. 19 presidential election Monday. As predicted, the five-term lawmaker scored a landslide victory in the party primary by garnering 86.3 percent of votes […]

More hurdles remain in NK-China biz ties

More hurdles remain in NK-China biz ties

Despite bolstered business ties between North Korea and China, accusations by a Chinese firm over boorish conduct suggest that the allies have yet to clear major hurdles. Analysts say that the case of Xiyang, which claims the North reneged a major mining deal, show the need for caution in gauging such business ― seen as […]

Macquarie seeks to ban screening of film on relations with President

Macquarie seeks to ban screening of film on relations with President

Macquarie Group’s South Korean investment unit is seeking a court injunction to ban the screening of a documentary on its alleged ties to President Lee Myung-bak, the firm said Monday. The documentary, titled “Mac Korea,” will depict allegations that the Australian financial firm has expanded its presence in Korea using its relations with Lee and […]

[Nigeria Report] Photo-journalists attacked repeatedly in Lagos

[Nigeria Report] Photo-journalists attacked repeatedly in Lagos

Governor Babatunde Fashola of Lagos State Monday (Aug. 20) assured the Nigeria Union of Journalists (NUJ) that justice would be done over the recent assault on two photo-journalists in the state the Nigerian Guardian reported. The Guardian reported that he gave the assurance at Alausa, Ikeja, while addressing the protesting members of the state NUJ. The governor, who […]

Cash-strapped

Cash-strapped

Kakao Talk, Line struggling to find revenue models Social networking services (SNS) have cropped up like mushroom in Korea, but many have soon perished or lost their ground for a lack of solid and sustainable revenue model. The country’s leading SNS providers such as Cyworld, Kakao Talk, Line, and, My People, have tried hard to […]

New monument set up on Dokdo

New monument set up on Dokdo

Stone symbolizes Korea’s sovereignty over easternmost islets Korea installed a monument on Dokdo, Sunday, to reaffirm its sovereign rights over the country’s easternmost islets and to repudiate Japan’s repeated claim over them. The stone monument inscribed with the name of President Lee Myung-bak, the first South Korean president to visit the islets on Aug. 10, […]

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