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English contest offers Asians scholarships

Social affairsMar 30, 2011

Cambridge University’s English language department has launched a competition to find the best young Cambridge English speaker in Asia. Open to 18- to 25-year-olds, winning candidates will be awarde...for speaking English and I’m sure the standard of entries will be really high,” said Cambridge ESOL’s Duncan Rayner. Visit http://www.cambridgeesol.org for more information. By Hannah Stuart-Leach (...
Civic groups slam Japanese textbooks

Social affairsMar 30, 2011

Civic groups Wednesday expressed disappointment with Japan’s adoption of textbooks that claim its sovereignty over Korea’s easternmost islets of Dokdo. “Educating young students would be the important aspect of Japan’s strategy to seize Dokdo,” said Koh Chang-keun, head of Dokdo Network. “The young people who will lead Japanese society in 20 to 30 years would understand that Dokdo is currently ...
DP leader Sohn to run in by-election

PoliticsMar 30, 2011

...ling Grand National Party. Sohn, by urging voters to make independent political decisions in April’s by-election, thus officially sought to take away votes from the GNP in the area. The correspondin... the race. By challenging the Bundang-B legislative seat, Sohn would be risking not only the party’s success in the by-election but also his political chances for next year’s presidential race, in wh...
Samsung Group to strengthen legal compliance education

IndustryMar 30, 2011

Samsung Group, the country’s top conglomerate, said Wednesday that it will strengthen legal compliance within the first half of this year by upgrading training sessions for its executives. In a weekly meeting of the group’s presidents, Kim Sang-kyun, Samsung’s president of legal and compliance office, said the group plans on completing all preparations for compliance operations by June. He also ...
Economy grows 6.2% in 2010

Mar 30, 2011

Per capita income tops $20,000 for first time since 2007 Korea’s economy grew by 6.2 percent in 2010 in the fastest expansion for eight years, the central bank said Wednesday after revising an earli...tic product growth for 2009 to 0.3 percent from its earlier projection of 0.2 percent. The country’s gross national income, reflecting the actual purchasing power of the population, rose 5.5 percent ...
Seaweed, mask sales soar on radiation fears

IndustryMar 30, 2011

...uclear regulator also said Tuesday that radioactive iodine 131 and cesium were found in the country’s air but the tiny amount would pose no health risk. KINS’ safety assurance, however, does not seem...y stop radioactive material from being absorbed into the body. According to E-mart Co., the nation’s largest discount store chain, sales of the two products rose by 122 percent and 96 percent, respec...
Iran Bank requests end to restriction

Mar 30, 2011

... without central bank approval. Yonhap News earlier reported that the Iranian bank may close its Seoul branch if Korea doesn’t help it normalize operations. The restrictions were imposed on Iranian companies in Korea to comply with international sanctions over the country’s nuclear program. Lee said the request by Bank Mellat is being referred to the finance and foreign ministries. (Bloomberg)
Hynix doles out first cash dividend

IndustryMar 30, 2011

World’s No. 2 computer memory-chip supplier sanguine on global market ICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and e...Oh-chul, the Hynix CEO, at a press conference following a shareholders’ meeting held at the company’s headquarters. Hynix, the world’s No. 2 supplier of computer memory chips, last year registered re...
Rising exports testament to Renault Samsung’s growing capacity

IndustryMar 30, 2011

Renault Samsung Motors Co., the Korean arm of the French carmaker Renault S.A., is rapidly becoming a key player in Renault Nissan Alliance’s global sales operations with exports rising at an unprecedented pace. On March 25, the company celebrated more than 400,000 units exported since 2000. Established in September 2000, Renault Samsung’s exports have grown at a rate unseen among Korean carmak...
LG Group leads campaigns to support suppliers

IndustryMar 30, 2011

Chairman Koo urges affiliates to help achieve ‘shared growth’ with smaller partners LG Group is leading the corporate sector’s campaign to buttress the competitiveness of smaller vendors and firms to help achieve a level playing field for all parties. The group’s chairman Koo Bon-moo this year proclaimed that LG would stand at the forefront of supporting mutually beneficial growth with its part...
Hong Kong opens world’s highest hotel

IndustryMar 30, 2011

HONG KONG (AFP) ― The world’s highest hotel opened its doors in Hong Kong on Tuesday, housed in the city’s tallest skyscraper and offering unrivalled panoramic views of the world famous Victoria Harbor. Towering some 490 meters above the bustling, chaotic streets of the Southern Chinese city, the Ritz-Carlton Hotel is making a grand comeback after temporarily closing in 2008. Visitors peered ou...
Smartphone market to grow 50% in 2011: IDC

IndustryMar 30, 2011

...WASHINGTON (AFP) ― The worldwide smartphone market will grow nearly 50 percent this year and Google’s Android will take over as the leading operating system, a technology market research firm said Tue...particularly first-time smartphone users,” he said. IDC also predicted strong growth for Microsoft’s Windows Phone platform which has been losing market share but was recently adopted by Finland’s No...
Japan crisis affecting Toyota, Honda

IndustryMar 30, 2011

Toyota restricts orders from U.S. dealers to preserve supply of some parts; Honda to cut output DETROIT (AP) ― Shortages of auto parts from Japan are hitting North American operations at Honda and T...o owns a Toyota dealership in North Palm Beach, Florida. “It’s not necessarily being a bad guy. It’s just doing your job,” Stewart said. “If everybody decides to stock up in advance, it’s kind of lik...
Inflation worries push consumer confidence lower

World BusinessMar 30, 2011

...t the gas pump and in grocery aisles are starting to crimp shoppers’ outlook. The Conference Board’s Consumer Confidence Index fell sharply from a three-year high in February, reversing five straight...he drop was the steepest since the 10.1-point plunge from January 2010 to February 2010, when the U.S. stock market was hammered by worries about Greece’s national debt. “Rising food and gasoline pri...
Developing economies’ lead over rivals has risks

World BusinessMar 30, 2011

WASHINGTON (AP) ― The world’s biggest economies are recovering from the Great Recession at troublesome speeds: too fast or too slow. China, India and other major developing countries quickly returne...ies that account for more than 80 percent of the world’s economic output. The shakeup in the world’s economic order has taken 30 years. The developing world’s share of global economic output has rise...