Horse race parks become tourist attraction
Horse racing tracks here have become a family-oriented leisure destination for both Koreans and foreign tourists as they offer not only races, but also a wide range of fun-packed events for people of any age. The Korea Racing Authority (KRA), the sport’s local governing body, organizes flat races with thoroughbreds, which are composed of both […]
Consumers yet to get full FTA benefit
Six out of nine popular products imported from the Europe Union and nine of thirteen imported from the United States are available at cheaper prices thanks to Korea’s free trade pacts with the two giant markets, according to the state fair trade regulator. The Fair Trade Commission (FTC) underscored Thursday that some of the items […]
Japan may pave groundwork for going nuclear
Japan has inserted into its nuclear power-related law a clause on “security guarantees” through the use of atomic power, triggering suspicions that it is laying the legal groundwork for possible nuclear armament, some experts said Thursday. According to the Tokyo Shimbun, the upper house of Japan’s parliament amended the basic law on atomic power, Wednesday. […]
Healthcare professional warns of traveling journalists’ risks
BEIJING, June 19 (Xinhua) — A travel medicine expert on Tuesday warned that journalists’ frequent travel has brought an increasing threat to their health. “The risks to journalists’ well-being aren’t confined to the hazards of reporting from hostile environments, but often extend to medical issues that prove fatal and commonly involve road traffic accidents,” said […]
Samsung SDI strikes energy deal in Germany
Samsung SDI, said Wednesday that it signed a memorandum of understanding (MOU) with German-based KACO for the cooperation of mutually-interested businesses and to supply SDI’s fine-tuned energy storage system (ESS) solutions. The agreement came during SDI’s CEO Park Sang Jin’s participation of an industry forum in Munich, Germany. Under the MOU, Samsung SDI will supply […]
M&A frenzy
SK hynix takes over US LAMD to bolster NAND flash business SK hynix has been in the limelight in the global M&A market after taking over two foreign companies in the past month, a move seen as SK Group’s attempt to foster the chipmaker as its growth engine. The bold move is in line with […]
Drought feared to worsen food shortages in N. Korea
Experts predict that the dry spell in North Korea will worsen food shortages by affecting cereal and vegetable crop production in the already poverty-stricken nation. They said the corn that was planted between mid-April to early May will be one of the crops most severely affected by the lack of irrigation. “North Korea will run […]
Taxi drivers stage massive strike
Cabbies threaten additional action in latter half About nine out of 10 taxis were at a standstill Wednesday, as drivers staged a massive strike, calling for a pay rise and recognition of taxis as public transportation. The drivers threatened to launch additional action in the latter half of the year if their demands are not […]
‘1965 treaty didn’t settle all issues’
Japan’s accountability for occupation remains outstanding This is the third of a series of interviews regarding how Japan should take responsibility for its colonial rule in Korea; and the 1965 Treaty on Basic Relations between Republic of Korea and Japan ― ED. A Japanese expert on Korea-Japan relations said Tokyo’s assertion that the compensation issue […]
Small biz struggle to make ends meet
Poor self-employed emerge as time bomb Korea’s self-employed population is swelling like a balloon due to a decaying job market that has sidelined millions of people and forced them into starting their own businesses. With economic activity squeezed to a pulp, there is a rapidly growing intersection between low-income earners, over-50 people and the self-employed, […]
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