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“Do you often use Tada?,” A driver asked me yesterday when I used the van-hailing service as usual. My conversation lasted 15 minutes during my ride home. Normally, Tada’s drivers barely talk with customers, other than asking if the temperature setting is OK or remindin...
For the people of a growing number of countries, the coronavirus outbreak is no longer something they read about in the news or on TV as the virus spreads to their cities, communities, and even families. Covid-19 has already evolved into a full-blown global public health crisis: the confirmed cases ...
Nearly every presidential candidate in South Korea over the past two decades has made the same campaign promise and failed to deliver on it: End the near-monopoly chaebol hold in the country and give smaller companies an opportunity to thrive. To enact some semblance of control over chaebol, the gov...
[THE INVESTOR] Five years ago, the British royal family changed its rule of succession so that a princess is not overtaken in the line by a younger brother. Three-year-old Princess Charlotte, daughter of Kate Middleton and Prince William, is the first to benefit from the rule as she remains fourth i...
[THE INVESTOR] No one seems to see much of a future for GM Korea these days. The pessimistic mood seems to be reaching its bottom now, as we see the union workers storming into offices of top executives demanding their bonuses and the company announcing it would soon run out of cash to pay its parts...
[THE INVESTOR] Less than a week after his appointment, Financial Supervisory Service Gov. Kim Ki-sik, aka “Angel of Death,” appears to have become the angel of his own death on allegations about previous overseas business trips and relations with an intern-turned-public secretary who received an u...
[THE INVESTOR] Southeast Asia has been the buzzword in Korea’s startup scene since last year as venture capitalists and startups began prowling outside the country for new business opportunities. It is comprised of 11 countries and represents 650 million people. Some unwary investors may see it as...
[THE INVESTOR] What intrigued me the most during a recent weeklong stay in Singapore was not the clean streets or the pricey beer. It was the ubiquitous sight of “Grab/Uber” signs. Most taxi stands had two lines of passengers -- one for ordinary taxis and another for Grab or Uber cars. There was n...
[THE INVESTOR] There are still a few doubts about Kakao’s global traction, or its potential for it.Kakao is big in Korea. Its KakaoTalk messenger app is used by almost the entire population of Korea with monthly chats reaching over 40 million and Kakao Bank recruited over 5 million users in less ...
[THE INVESTOR] Samsung employees are used to the 119 rule when it comes to hanging out after hours. The first one stands for one round, the second for one type of liquor, and the nine stands for nine o’clock. Put together, it means wrap things up by 9 p.m. and don’t get drunk.Other companies have ...
[THE INVESTOR] For the past couple of years, the Korean government has been pumping a record amount of money into startups and venture funds hoping to spawn a new growth driver. In 2017, there were a record 35,000 startups in Korea, and the number of venture capital firms and their funding also hit ...
[THE INVESTOR] Defense stocks, no more. Pharmaceutical equities, which have long been categorized in the “safe-but-dull” segment are sizzling hot now. So hot that many have ended up in the high-risk, high-return basket. Proving the point, as of end-2017, health care stocks were among the most ove...
[THE INVESTOR] In the past week, two Korean major banks KEB Hana and KB Kookmin reported record-high net profit for 2017. But overshadowing their blockbuster bottom lines, prosecutors here launched a probe into alleged hiring irregularities. The prosecution now says it has secured the evidence to s...
[THE INVESTOR] Timing is critical in almost every aspect of life, be it dating, getting a job or making an investment. To make a business successful, companies and their management have to decide on a timely entrance depending on whether they are aiming to be a first mover or a fast follower.In the...
[THE INVESTOR] Heather Cho, the former Korean Air vice president and protagonist of the notorious “nut rage” fiasco a few years back recently made an appearance at the torch relay for the 2018 PyeongChang Olympics when the flame arrived in Seoul on Jan. 13. She was one of the supporting runners f...
Korean Air wins Global Traveler Award for best inflight service
HDC Group appoints financial experts as new leaders
LG Energy Solution, GM celebrate 100 millionth EV battery cell from Ohio plant
Agriculture minister apologizes for attending Yoon’s Cabinet meeting for martial law declaration
Samsung C&T, Sweden’s Karnefull Next join hands to develop SMRs for data centers
LG CNS eyes Kospi debut in February