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Reporter : Kim Jae-kyoung
Tue, February 27, 2024 | 10:22
[INTERVIEW] 'Korea should build nation ruled by law'
SINGAPORE - South Korea must build a nation ruled by law to retool its economy as it faces an economic and political turning point, according to legendary investor Jim Rogers. In a recent interview here, Rogers, chairman of Rogers Holdings, said it is time for Korea to wind up old practices such as collusive links between business and politics. He believes chaebol and state leadership built modern Korea, but now their roles need an overhaul for the country to move forward.
Fake news may sway upcoming election
Fake news has become a buzzword everywhere. With hoax stories from illegitimate websites or unreliable personal blogs going out of control, there is growing concern that fake news is likely to be a swaying factor in the upcoming presidential election.
Trump may take issue with BOK forex policy
The United States is expected to take issue with Korea’s foreign exchange policy as a means to narrow their trade deficit, according to Jeffrey Jones, former chairman of the American Chamber of Commerce in Korea. He said Seoul should not rule out the possibility of being listed as a currency manipulator under the Trump administration.
Image of Korean economy worsening
SINGAPORE - “Is South Korea heading toward another crisis similar to the one in 1997-1998?” This is the question a few businesspeople in Singapore recently asked me, citing a series of mishaps, including the collapse of Hanjin Shipping, the massive recall of the Samsung Galaxy Note 7 and the country’s worst political scandal surrounding President Park Geun-hye.
Lee's absence unlikely to shake Samsung
SINGAPORE - The arrest of Lee Jae-yong, the de factor leader of Samsung Group, is not expected to cause a leadership crisis or destabilize the nation’s largest conglomerate, according to foreign business experts. They believe Lee and Samsung have been used as a device by the prosecution to target President Park Geun-hye who was impeached over her alleged role in the influence-peddling scandal involving her close friend Choi Soon-sil. “Samsung is a family-controlled conglomerate, but it is a professionalized firm also. It is a very large company with very competent managers,” Mauro Guillen, d...
North Korea losing diplomatic status in ASEAN
SINGAPORE - North Korea is losing it status in the Association of Southeast Asian Nations (ASEAN) in the wake of a series of missile launches and its alleged assassination of Kim Jong-nam, the estranged half-brother of current leader Kim Jong-un, in Malaysia This is likely to further undermine credibility of the reclusive country in the international community because ASEAN is one of the few regions that Pyongyang has had low-key but stable diplomatic ties with.
Korea-US alliance to deter military conflict
SINGAPORE - South Korea’s solid alliance with the United States will prevent geopolitical risks such as North Korea’s missile launches turning into a military conflict, according to Steffen Dyck, a senior analyst at Moody’s Investors Service. He said that the real risk lies in the possibility of the reclusive country led by Kim Jung-un collapsing from within.
Thailand can be 'gateway for Korea to ASEAN'
SINGAPORE - ASEAN or the Association of Southeast Asian Nations will be one of the most promising markets in the coming decade on the back of robust economic growth and huge development opportunities. Following the establishment of the ASEAN Economic Community (AEC) a year ago, the competition is heating up to get the upper hand in the 10-member bloc - Brunei, Cambodia, Indon...
Korea's cosmetics brands expanding foothold in Thailand
SINGAPORE _ At a time of uncertainty in the global environment, a growing number of Korean companies are looking to develop new markets in Southeast Asia. Their moves came as Chinese economy is losing growth momentum and United States President Donald Trump is employing an America first policy on trade scaring away key trading partners.
[INTERVIEW] Thai PM preaches 'hallyu' as growth model for Asia
SINGAPORE - Hallyu or the Korean wave has played a critical role in bringing Koreans and Thais and other Asian people together, according to Thai Prime Minister Prayut Chan-o-cha. He said hallyu has emerged as a role model of culture becoming an engine of growth and an enabler of socioeconomic development among nations across Asia.