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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Institute wins environmental awards

Ahn Byung-ok, director of the Institute for Climate Change Action, stands with Seoul Mayor Park Won-soon at a ceremony for the Seoul Environmental Awards at City Hall, Thursday. /  Courtesy of Seoul Metropolitan GovernmentBy Kim Se-jeong The Institute for Climate Change Action, an NGO based in Seoul, has won the grand prize of the Seoul Environmental Awards.“I thank the Seoul city government for its recognition,” Ahn Byung-ok, director of the institute, said at the awards ceremony at City Hall, downtown Seoul, Thursday.“We still have a lot to do, but I will take this as encouragement.”Seoul Mayor Park Won-soon said, “The institute has done a lot in raising awareness of the impact of climate change and getting the people to brainstorm about what to do and how to act.”Founded by Ahn in 2009, the NGO focuses on research but has also done a lot of advocacy work in recent years. “Big Ask” is the most prominent project through which the institute submitted a draft of a climate change bill to the National Assembly, wit

Jun 3, 2016
Institute wins environmental awards

Historian speaks on politics, religion

Richard BushmanBy Kim Ji-soo It’s not often that Professor Richard Bushman, a noted historian of 19th century America and a scholar of the Latter-Day Saints, would stand to talk earnestly about his faith in front of Korean students. Bushman, 84, is a professor emeritus at Columbia University and author of such books as “Joseph Smith: Rough Stone Rolling,” a biography of the founder of Mormonism. He was in Korea for the first time to attend the 2016 Religion Conference held in Seoul May 27-28.After giving a presentation and fielding questions from Sogang University students, Bushman sat down for an interview, during which he offered some insights into the divide between the North and the South in the United States, and about businessman and U.S. presidential candidate Donald Trump.“I think very few university faculty members would back Trump. Many would think he is a disaster ... I don’t think his word can be trusted. I think he is a survivor and deal-maker, and he will say anything to keep the deal going,” he said.Bushman added that it wi

Jun 3, 2016
Historian speaks on politics, religion

Dormitory for Korean students in France

President Park Geun-hye places a cornerstone to celebrate the start of the construction of the Maison de la Coree, a dormitory for Korean students in the Cite Internationale Universitaire de Paris, a private park and a foundation, during a commemorative ceremony held in the main building of the university, Thursday (local time). The President is flanked by Pascale Boistard, second from left, France’s state secretary to the minister of social affairs and health, and Marcel Pochard, right, president of the university. / Yonhap

Jun 3, 2016
  • 'We will always support S. Korea and stand with it,' says French leader

Digitization of dictionary

Dankook University Academy of Asian Studies director Han See-jun, left in the front row, smiles with Kim Jong-hwan, leader of the Dictionary Cell at Naver Corp., after signing a memorandum of understanding (MOU) on the digitization of a Chinese character dictionary, on the university’s campus in Yongin, Gyeonggi Province, Wednesday. Under the accord, the company will offer the academy’s Korean-style Chinese character dictionary as an online service. / Courtesy of Dankook University

Jun 2, 2016

Accordionist rises like phoenix after fire

Accordionist Shim Sung-rak / Courtesy of Paper RecordCrowdfunding campaign to replace burnt instrumentBy Kwon Mee-yoo Accordionist Shim Sung-rak, 80, lost his only accordion in a fire at his home in Seoul last month. Despite the unexpected loss of his longtime companion, Shim wanted to continue playing at a concert scheduled later that month.Hearing the news, Choi Sung-chul, director of Paper Records which organized the April concert, gave the accordionist a temporary loaner. After the concert, Choi came up with the idea to open a crowdfunding project to dedicate the accordion to the musician."We finished the concert successfully, but I wanted to do something for the musician who spent his life playing the accordion,” Choi said. “I thought it would be best if we could gift him the instrument so he can continue his life as a musician."Shim purchased the instrument for around 3.3 million won ($2,800) back in the 1980s, but now an accordion of the same model costs about 25 million won ($21,000). Over 17 million won was raised as of Tuesday, which is more than half of th

Jun 2, 2016
Accordionist rises like phoenix after fire

Busan Vice Mayor Cho Don-young shares knowledge on inviting foreign investment

 Cho Don-young, Busan vice mayor for investment policy / Korea Times photo by Shim Hyun-chul  By Kim Ji-soo The seaside city of Busan is largely known for its port logistics, good people and international film festival. Lately, it has made news after being named the host for Microsoft’s new data center, which will be built to better service users of Office 365 and the cloud platform Azure.Microsoft Korea said that it will build two data centers, in Seoul and Busan respectively, in the near future.One of the key man behind the move is Cho Don-young, vice mayor of Busan who is also in charge of investment policy. He and the city government are working to turn the city of 3.6 million people into a viable Northeast Asian investment hub.A long-time international salesman, Cho, 68, had served as vice president of Renault Samsung Motors for nine years from 2001 through 2010. In August 2010, he was appointed as Busan’s new investment chief. And before that, the graduate of Hankuk University of Foreign Studies and the University of Southern California graduate

Jun 1, 2016By Kim Ji-soo
Busan Vice Mayor Cho Don-young shares knowledge on inviting foreign investment

Entrepreneur seeks to spread Korean culture to world

Moon Hyun-woo, head of Arirang School / Courtesy of Moon Hyun-wooBy Kim Hyo-jinMoon Hyun-woo, head of Arirang School, calls himself a “Korean culture planner.”He runs classes and performances to introduce traditional music and arts to the public. At his school, an Indonesian student plays a gayageum, a Korean zither with 12 strings, and a Japanese student sings pansori, the traditional Korean vocal performance. On Hangeul Day, he introduced a project of decorating rusty walls with Korean letters and had school artists perform a calligraphy show. At the end of last year, he staged a traditional music street performance downtown in front of the Salvation Army’s charity pots.Arirang School is a three-year-old social venture Moon established to promote Korea’s culture to the public. It has grown into a leading culture platform providing performance opportunities for majors in traditional Korean arts and learning opportunities for ordinary people who want to experience Korean culture.The 30-year-old entrepreneur says he dreams of launching second and third Arirang

Jun 1, 2016
Entrepreneur seeks to spread Korean culture to world

Starkey Korea shines at Rotary Convention

Starkey Korea CEO Richard Shim, left, poses with Rotary Club Governor Kim Do-youl,  in front of its booth while attending this year’s Rotary Conventionat KINTEX in Goyang, Gyeonggi Province, Tuesday. / Courtesy of Starkey KoreaBy Lee Min-hyungStarkey Korea participated in this year’s Rotary Convention, as part of its efforts to extend humanitarian aid to the world, the company said Tuesday.The local subsidiary of the hearing aid manufacturer offers free hearing tests and consultations at its booth during the five-day event, which kicked off Saturday at the KINTEX convention center in Goyang, Gyeonggi Province.The Rotary International Convention is held in a different city annually, discussing ways to tackle humanitarian challenges facing the world.“The Rotary Club has made a miraculous donation for 6 million children suffering from polio across the world,” U.N. Secretary General Ban Ki-moon said in a congratulatory speech at the event, Saturday.The number of participants for this year’s convention was the largest ever, participated in by some 50,000

May 31, 2016
Starkey Korea shines at Rotary Convention

Time to pay attention to bank loan: investor

Eastspring Asset Management Chief Marketing Officer Alex Ye / Courtesy of Eastspring Asset ManagementBy Naｍ Hyun-wooThis is the time for investors to turn their eyes to bank loan trusts amid growing expectations that the U.S. Fed may raise its key rate in June, said Alex Ye, chief marketing officer of Eastspring Asset Management.“Unlike general bonds, a bank loan is a product with variable rates, meaning a potential rate raise will bring higher interest gains compared to other bond assets,” the veteran asset manager said in an e-mail interview with The Korea Times. “Given the nature of the investment in a bank loan, it bears significant meaning for investors in the current trend of low interest rates.”A bank loan here refers to any loans given to companies whose credit rating assigned by Standard and Poor’s is below BBB-. Since companies have to repay their loans prior to other types of debts, it is less volatile and relatively stable.“According to the minutes of the Federal Open Market Committee, the majority of Fed members suggested that a key ra

May 30, 2016
Time to pay attention to bank loan: investor

Sangmyung University Museum holds European pottery exhibition

Sangmyung University President Goo Kee-heon, left, and Sangmyung Academic Foundation Chairman Lee Jun-bang, second from left, participate in a ribbon-cutting ceremony to launch a European porcelain exhibition at Sangmyung University Museum in Seoul, Monday. Posing with them are Executive Vice President for Development and External Affairs Kim Chong-hee, second from right, and Vice President Hong Seong-tae. / Courtesy of Sangmyung UniversityBy Chung Hyun-chaeThe Sangmyung University Museum launched a three-month exhibition featuring 200 pieces of European porcelain, Monday, to celebrate the 79th anniversary of the Sangmyung Academy Foundation and the 51st anniversary of Sangmyung University. “Ours is the only university museum that holds European porcelain in our collections,” said Lyu Han-su, director of the museum. The exhibition includes a Meissen Blue Onion Tea Set decorated in Chinese patterns, made by potters in Meissen, eastern Germany, in the 18th century.Also on display is the Royal Crown Derby Imari Tea Set having Japanese patterns, manufactured by

May 30, 2016
Sangmyung University Museum holds European pottery exhibition
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