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Reporter : Kim Jae-kyoung
Tue, February 27, 2024 | 09:55
[INTERVIEW] Shinhan chief vows to win 'digital battle'
SINGAPORE - Shinhan Financial Group Chairman Cho Yong-byoung has vowed to revamp his firm’s business model and create an innovative platform to win a “digital battle” triggered by fintech and other technologies. He believes that a digital strategy - putting services “online and mobile” - will be key to the fate of Shinhan because it will not only help the group protect its le...
Moon should open new chapter for Korea
President Moon Jae-in should take his presidency as an opportunity to declare a new chapter for South Korea, said Steven Chai, senior partner and managing director of the Boston Consulting Group (BCG). He said that the new leader should take a forward-looking approach by presenting a new vision to future generations rather than focusing too much on correcting the past. “The n...
Moon should redefine role of presidency
President Moon Jae-in faces multiple challenges to rebuild South Korea. Among them, the most urgent should be political reform that can help Cheong Wa Dae and the government restore confidence and trust.
Moon urged to develop rapport with Trump
For new President Moon Jae-in, resolving the North Korean nuclear issue must be the top priority. This is not just to secure peace and stability on the Korean Peninsula but also to settle social conflict and provide an impetus for the South Korean economy. It is an essential prerequisite for the country to move forward. Against this backdrop, Sohn Sung-won, a professor at Cal...
Trump advised to send envoy to Pyongyang
A world-renowned nuclear scientist said that U.S. President Donald Trump must to talk to North Korean leader Kim Jong-un by sending an envoy to Pyongyang to avoid a nuclear catastrophe. “I believe the first talks should be bilateral and informal by a presidential envoy talking directly to Kim Jong-un,” said Siegfried S. Hecker, a senior fellow at the Center for International ...
Korean economy bottoming out: AMRO
SINGAPORE - The Korean economy has hit bottom and is on course toward a recovery, according to the ASEAN+3 Macroeconomic Research Office (AMRO). In its inaugural economic outlook report released Thursday, Asia’s regional macroeconomic surveillance unit predicted that the Korean economy is picking up gradually on rising global demand and accommodative policies despite lingerin...
Korea lags behind in Fourth Industrial Revolution
SINGAPORE - South Korea used to be touted as one of the four Asian tiger economies together with Singapore, but the two countries have been walking on divergent paths since 2000. Singapore is seeking to become Asia's digital hub by housing innovation centers of multinational firms. Also, it is using robotics to innovate in key industries, such as tourism and artificial intell...
Korea locked in 'technology paradox'
SINGAPORE - South Korea is locked in a “technology paradox.” It is one of the most wired and technologically sophisticated countries in the world, while it ranks at the bottom when it comes to educating and training people fit for a 21st century ruled by new technologies. This means that people in South Korea are not properly educated and trained to adapt to the era of the Fo...
Trump does not seek Kim's demise
United States President Donald Trump is not seeking to drag North Korean leader Kim Jong-un down from power, according to William Brown, adjunct professor at Georgetown School of Foreign Service. He said that what the Trump administration wants is for Kim to change its path or policy relying on nuclear weapons program to protect his regime.
[INTERVIEW] Korea pursues two-track strategy in tourism
SINGAPORE - The Korea Tourism Organization (KTO) will beef up its two-pronged growth strategy by developing Southeast Asia as a key market, while seeking to sustain growth in China, according to CEO Jung Chang-soo. His approach is seen as a strategy aimed at diversifying incoming tourist markets following China’s retaliation against the deployment of an advanced U.S. missile ...
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