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 […]
Dreaming on two wheels
When I was little, my friends and I used to explore every corner of our hometown on our bikes. Back then, bicycles were more of a toy than a means of transportation. I still diligently spin the two wheels along the riverside these days as part of my regular exercise. I read a newspaper article […]
Lee suffers end-of-term syndrome
Presidential mentor grilled over bribery allegations Traditionally, corruption scandals rock administrations at the end of their terms. History appears to be obviously repeating itself as the big guns who helped President Lee Myung-bak win the 2007 election and enjoyed riding on the cusp of power are now succumbing to a backlash for their avarice. Amid […]
Fortuneteller peels away secrets of saju
“I see that you will have a lot of chance to travel next year,” said Janet Shin, as she read the fortune of one foreign executive at the official residence of the Jordanian ambassador in Seongbuk-dong, Seoul, Tuesday. The executive readily agreed as his itinerary for next year does involve a great deal of traveling. […]
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 […]
Internet contributes 0.9 pct to Vietnam’s GDP
HANOI — Internet contributes 0.9 percent to Vietnam’s GDP and 1.6 percent to the country’s GDP growth rate of 14.4 percent, according to the figures released in a workshop held here on Wednesday. Vietnam is an emerging market for the Internet development, ranking 13th in the world in terms of young Internet users with a […]
‘Please Take Care of Mom’ sells 2 million
Shin Kyung-sook’s novel “Please Take Care of Mom” has sold a landmark 2 million copies, her publisher Changbi announced Tuesday. The 49-year-old’s popular book is about a family’s search for a missing mother. Translated into various languages around the world including English for the United States, it also won the Asian Man Booker Prize. The […]
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 […]
Animal abusers spark uproar
Does an animal have rights or does it belong to an owner like property? Korea takes the latter position and acquitted a dog owner of animal abuse despite the abuse involving dragging the dog on the road behind his car. The incident, which Internet users call “Devil Equus,” took place on April 21 and […]
Korea, Sri Lanka agree to deepen economic cooperation
Korean President Lee Myung-bak and Sri Lankan President Mahinda Rajapaksa agreed Tuesday to strengthen economic and trade relations between the two countries, the presidential office said. On the sidelines of the summit, the two sides also signed three memoranda of understanding that call for bolstering cooperation in electricity and energy, development, and Sri Lanka’s project […]
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