Articles by 김주연
김주연
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Two-wheelers gain amid soaring gas prices
Rising gas prices may be inconvenient but they make scooters and motorbikes better options, especially with summer just around the corner. Compact motorbikes have been gaining popularity among riders, particularly those in their 20s and 30s looking to add style to their riding experience. Scooters and motorbikes come with fuel efficiency of at least 30km per liter, making them especially attractiv
Mobility May 22, 2011
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No. of elderly weddings doubles in 10 years
Getting married is becoming increasingly popular among the elderly. Over 18,791 couples aged 50 years old or more got married last year alone, the highest figure on record. According to Statistics Korea, The number is 3.7 times increase from 1990 when only 5,014 couples in the same age group chose to wed their partner. It is also almost double the 8,928 newly married elderly couples in 2000.“The p
May 20, 2011
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Hana says will agree KEB deadline delay with Lone Star
Hana Fnancial Group chairman Kim Seung-yu said Friday that his company would be able to agree with the U.S. Lone Star Funds to extend the deadline for the takeover of Korea Exchange Bank. “We can draw a conclusion by next weekend,” Kim told The Herald Business, the sister paper of The Korea Herald.The two sides are in talks to extend their May 24 deadline. Kim reportedly flew to Tokyo on Wednesday
May 20, 2011
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Hana-KEB deal delay weakens both: Moody’s
Analyst says extended FSC deadlock especially damaging for KEBThe financial regulator’s delay in approving Hana Financial Group’s bid of Korea Exchange Bank is credit negative for both lenders but especially for the lender long been put up for sale, credit rating agency Moody’s said Thursday. “We gave an A2 to KEB because one, their performance was good and two, we expected it to be sold over to H
May 19, 2011
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[Herald Interview] ‘Tighter rules needed before Woori sale’
Bancorp CEO says new rules would be desirable for megabanks in KoreaBetsy Cohen, founder and CEO of U.S. internet retail bank Bancorp Inc., said tightening capital and liquidity rules should come before the creation of the megabank due to be formed by the privatization of Woori Financial Holdings.“Size is not protected easily. Activities of large institutions carry a great deal of risk for a wider
May 19, 2011
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Korea rises to 22nd in global competitiveness
By Cynthia J. KimKorea’s rating in the World Competitiveness Yearbook by a Switzerland business school rose by one place to No. 22 this year, the highest level the country has reached since joining the list in 1997.The annual report of the world’s 59 most competitive countries by the International Institution for Management Development ranked Korea higher on government and business efficiency, rai
May 18, 2011
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Mobile trading soars amid network concerns
Korean bourse says it will tighten supervision of stock trades made on mobile devicesStock trading through smartphones, tablet computers and other wireless devices is expected to exceed 150 trillion won ($138 billion) this year amid growing concerns about network security, market watchers said on Wednesday.The Korea Exchange said the amount of stock trading done using wireless mobile devices toppe
May 18, 2011
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Lotte Mart reignites pricing debate with W7,000 chicken
Lotte Mart has begun selling bargain chicken priced at 7,000 won ($6.42), reigniting controversy over fair competition between large retailers and smaller eateries.The black garlic flavored chicken has been on sale since Thursday at the retailer’s 88 stores across the country at a price 2,000 won cheaper than its earlier chicken release in December. As sales of its earlier product, dubbed ultra ch
Industry May 17, 2011
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Korea to provide paperless customs service
The Korea Customs Service will add an electronic tracking system on goods to tighten supervision on transshipment while enhancing custom procedures for an economy increasingly opening up to free trade agreements, the state agency said Tuesday.In a proposal outlining the agency’s medium-term goals, the KCS said it will adopt the new inspection system that applies minimal customs procedure for hones
May 17, 2011
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College graduates now make up lion’s share of workforce
College graduates took up a bigger portion of the country’s workforce than high school graduates for the first time, Statistics Korea said Tuesday.Jobs taken by graduates from universities and vocational colleges totaled 9.54 million as of March, exceeding those taken by high school graduates, 9.5 million.The trend continued through April, with college graduates topping the figure by 25,000 at 9.5
May 17, 2011
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Strauss-Kahn lawyers see alibi in sex case - radio
World News May 16, 2011
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More poor pushed to rely on private lenders
The number of people who have turned to private lenders or loan sharks in the secondary financial sector has jumped 18 percent over the past six months, reflecting worsening borrowing conditions for the poor amid industry-wide credit crunch. More than 2.27 million people took loans out from private lenders as of April, up about 300,000 from October, the Financial Services Commission said. Given th
May 16, 2011
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BOK holds key rate at 3 percent
Contrary to the market’s initial projection of a rate hike to tame inflation, the Bank of Korea kept the benchmark interest rate unchanged for a second month at 3 percent Friday.The BOK’s decision followed a decline in consumer and producer prices in April, helped by fresh spring food crops and recent gains in the Korean won. BOK Governor Kim Choong-soo (Yonhap News)Still, it came as unexpected to
May 13, 2011
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Pension authority to set up $830 million Asian fund
The National Pension Service on Friday said that it will select eight local asset managers to set up 900 billion won ($830 million) fund investing only in Asia. The NPS, the world’s fourth largest pension fund, said that it will start taking bids on May 26 to run the Pan-Asia Fund which will invest in stocks, bonds and commodities of China, India and other Asian countries.“We’re expanding our inve
May 13, 2011
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Hostess bars grow despite recession
There were more hostess bars at the height of the financial crisis than five years previously, showing, the entertainment business resilience even while most other sectors suffered, a government report said Thursday.The data collected by the Ministry for Food, Agriculture, Forestry and Fisheries said 609 hostess bars, or room salons, opened between 2004 and 2009.There were 30,466 hostess bars as o
May 12, 2011
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