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Rep. Chung’s arrest motion rejected

Rep. Chung’s arrest motion rejected

Saenuri faces criticism for protecting one of their own; Park Geun-hye skips vote Rep. Chung Doo-un of the ruling Saenuri Party survived a parliamentary motion Wednesday to have him arrested on charges of receiving money from the head of a troubled savings bank together with President Lee Myung-baks elder brother, Lee Sang-deuk. Rep. Park Geun-hye, […]

Samsung, POSCO boost cooperation

Two firms to jointly develop new materials POSCO, the world’s third largest steelmaker, has decided to develop next-generation materials for smartphones and other electronic gadgets in cooperation with Samsung Electronics. This is the latest in a series of moves designed to boost business collaboration between Korea’s two leading enterprises. Since POSCO Chairman Chung Joon-yang took […]

Lawmakers express concern over Korea-Japan military pact

Lawmakers express concern over Korea-Japan military pact

Bipartisan lawmakers of the parliamentary foreign affairs committee Wednesday expressed concern over the intelligence-protection agreement with Tokyo. Some of them urged the need to sign an equivalent military pact with China, the nation’s biggest trading partner, to sweep away the allegation that the Korea-Japan pact aims to counter Beijing’s military expansion in the region, while […]

Nation urged to boost birthrate to 1.8

Marking the country’s first Population Day, Wednesday, a state-funded think tank called on the government to take bolder measures to tackle rapid demographic changes. The Korea Institute for Health and Social Affairs (KIHASA) recommended the government boost the birthrate to 1.8 by 2045 to retain the population at its current level _ the birthrate stood […]

IBM Korea ignores outcry of sales agents

A good corporate citizen has two important objectives – first making profits through business activities and second, creating economic value and contributing to society through sharing the fruits of their enterprise. In this regard, IBM Korea cannot be considered a good corporate citizen. The Korean arm of the U.S.-headquartered software giant may excel in the […]

Tension runs high at state colleges

Tension runs high at state colleges

Professors outraged over scrapping of direct vote to pick president Professors of state-run universities are up in arms over the government’s move to deprive them of the right to choose presidents of their own schools. Tension is escalating between professors and school authorities at some regional colleges since the prosecution raided the offices of several […]

3-way battle

3-way battle

KB, AIA, Manulife to vie for ING’s Korean unit The contest to buy ING Group’s Korean insurance unit has turned into a three-way battle as Canada’s Manulife Financial is expected to join the main bidding scheduled for July 16. KB Financial Group and Hong Kong’s AIA Group were considered the only main candidates after they […]

NK mystery lady prompts media swirl

NK mystery lady prompts media swirl

Rampant speculation over a young woman seen with North Korean leader Kim Jong-un showed no sign of abating, Wednesday, with a wave of reports reflecting international curiosity over her emergence and its implications for the regime. Foreign and domestic media outlets and officials have pored over images released by Pyongyang of the woman seated beside […]

[India Report] Flood affects over 2.4 Mil. people in Assam

[India Report] Flood affects over 2.4 Mil. people in Assam

Flood is something which is very much familiar to the people of Assam in India. But it was the most devastating in years. The death toll climbed to 125 while there is no trace of 97 peoples. Lives of 2.4 million people are reported to be affected by the flood this year. 4,540 villages with more […]

Yu-na to hold ice show in August

Yu-na to hold ice show in August

Kim Yu-na will stage an ice show in August, her agency announced Tuesday. The 21-year-old reigning Olympic champion, who decided last week to extend her competitive career to the 2014 Winter Olympics after a two-year break, will host “All That Skate Summer 2012,” scheduled to run from Aug. 24 to 26 at the Olympic Gymnastics […]

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