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Finance

Business

Sun, October 24, 2021 | 09:58

Skills champions power industrialization

What do Germany, Japan and Korea have in common? The three countries were either relatively less affected by the financial crisis that hit the world in 2008 or got out of it far faster than others. The first two industrial countries are traditional manufacturing

2010-08-29 16:28

Electronics: a mainstay of Korean economy

By all indications, the growth of Korea’s electronics industry epitomizes its rapid advance over the past six decades and, to a certain extent, may be said to have driven it. After the Korean War (1950-53) the country was a divided and demoralized nation in abject poverty, lacking non-human natural resources and facing never-ending security threats. Under these circumstances,...

2010-08-25 22:44

Korea is a model for inter-faith harmony

The 20th century was the bloodiest century in human history. It is a shame that many have killed or been killed due to religious strife. Samuel P. Huntington, a famous political scientist, insisted that the 'Clash of Civilization' might bring more disasters in the 21st century, especially from religious conflicts.

Jong-eun | 2010-08-23 19:32

Korea achieved the impossible within 20 years

No one would dispute Korea is one of global leaders in information and communication technology. Korea has chalked up a mobile communication penetration rate of 100 percent, meaning one mobile phone for every citizen.’' The country, led by the world’s second and third-largest handset makers, accounts for 40 percent of global demand. Its broadband Internet access is seen as an...

2010-08-18 16:07

Power industry laid a solid foundation for growth

Korea’s power industry came into being in March 1887 with the installation of a seven-kilowatt coal-fired generator at Gyeongbok Palace in Seoul. Eight years earlier, Thomas Edison had invented the light bulb. Sadly, the new technology had an unforeseen result: Water from the palace’s pond was used as a coolant, and the sudden change in temperature killed all the fish.

2010-08-16 20:59

Korea saw opportunities in building abroad

The Arab Oil exporting countries in 1973 decided to retaliate against U.S. support for Israel during the Yom Kippur War. In October that year, an increase of 70 percent in the price of crude oil per barrel was announced. We may find it hard to remember just how cheap oil had been by today’s standards - the price increase took the level up to an exorbitant $5.11! But in fact p...

2010-08-11 16:38

Hangeul is an exceptional writing system

Hangeul made big news in 2009, the end of the first decade of the 20th century, with reports that the Cia-Cia people, an illiterate Indonesian tribe, adopted Hangeul as the writing system for their previously unwritten language. This is the first case of Hangeul becoming an officially acknowledged language outside Korea. Closer to home, meanwhile, the Presidential Council on ...

Jong-eun | 2010-08-09 22:14

Leaders cheered, hurried people for future

Watching the 2010 World Cup matches in South Africa, one billion viewers may have fancied that they could catch a glimpse of what 32 participating countries are. Certainly, they could see young Koreans in action imparting the image and substance of Korea today.

2010-08-04 21:08

Korean cuisine: the undiscovered flavor

The Korean cooking method is rather simple despite its appearance of being complicated to prepare. The delicious flavors and health benefits of Korean food come from the spices, fermented sauce and paste we use, which are full of vitamin C, antioxidants and

2010-08-02 19:12

Korean artists excel once given opportunity

Coming out of the wreckage of the Korean War, Seoul was mostly rubble, with some 80 percent of the city leveled. Everything would have to be rebuilt. But with materials and money in short supply, that reconstruction needed to be prioritized.

2010-07-30 15:32

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