Category > Business

Smartphone Transactions Getting Closer

You’ll remember earlier in February I was delighted by The Korea Times saying this:

Intelligent smartphones may end up rendered [sic] retarded by Korea’s crusty Internet regime.

In regards to the Financial Supervisory Service’s (FSS) insistance on using out dated unusable standards for security of smartphone related financial transactions.
The Hankyoreh has these words on the subject:

South Korea’s domestic [...]

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Some Interesting Reading: Linkoseyo

This is starting to become a regular feature… possibly taking after my favorite ongoing feature at ROK Drop — the weekly linklets.
So here’s what’s reading over at Roboseyo’s house: a lot of interesting stuff, actually.
I have my own thoughts about the numbers focus in Korean megachurches… here’s a BBC write-up on the world’s largest church: [...]

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Unified Korea could Surpass Japan, Germany

Investment Bank Goldman Sachs suggested on Monday that if North and South Korea combined, they could surpass Germany, and maybe even Japan, in GNP in the next 30 or 40 years.  North Korea’s large, cheap workforce, combined with South Korea’s technical and engineering ability, could create a SuperMegaKoreazord (which is my suggestion for the name [...]

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On hagwon fees, public schools, and a parent’s responsibility to their child’s schooling

Crossposted at Chris in South Korea
The Korea Beat has translated a story (original article from Naver) about a ruling, saying the government could not shut down a hagwon (private education institution) simply because they charge more than a government regulation allows them to. The Korea Times has the story as well, preferring to call it [...]

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Dump Your Dollars, Expats

“The U.S. dollar will considerably lose its position regarding the Asian currency soon, the western analysts believe,” says this report — U.S. dollar to yield position to Asian currencies. “However, official intervention by regional central banks has traditionally kept Asian currencies a bit weaker than economic fundamentals would suggest” and “is likely to continue, particularly [...]

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Yongsan Youth Programs Hiring

The article reads as though it’s only for USFK spouses, but it has always seemed to me these people are perpetually short-handed and may be willing to hire people from off-base.  Call Jenny Yun at 0505-738-3630 to find out and share in the comments.
YONGSAN GARRISON, South Korea — While some military spouses might bemoan a [...]

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English is an Economic Stimulus

This week Steven DeMaio of HarvardBusiness.org wrote a very short piece about his recent career change and the importance he believes teaching English adds to the US economy:
I recently made a tough personal decision to leave the publishing industry in order to return to teaching, my profession for much of the 1990s… … This time, [...]

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How to Survive Doing Business in Korea

My time working in a Korean company has been a roller coaster. Some days are great, and others are miserable. However, every single one of them has been educational.
I’ve been working at a desk in a field of cubicles for about two years now and, though I’m far from an expert, I do believe I’ve [...]

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Branding Korea: the REAL Recommendations

There’s been a fair bit of talk lately about Korea’s failure to develop an effective national brand, one which would attract tourists and investors.
David Kilburn, a journalist with 20 years of experience in advertising, wrote one of the articles which have been appearing in the Korea Times, discussing the problems with Korea’s national brand.
Blogger Hermit [...]

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Analyst fired for saying greed is bad

Reuters is reporting that a Korean  financial analyst was recently fired after an appearance on a talk show where he said that greed is bad:
SEOUL (Reuters) – A South Korean financial researcher was fired for telling a TV talk show that people made unwise investment decisions because they were too greedy, his company said Friday.
Han [...]

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If You Live in Korea, and Like Money, Move Fast:

I don’t know how he finds this stuff so reliably, and gets it out so quickly, but Brian from JND tells us about an article from the East Windup Chronicle outlining how foreigners who pay tax in Korea can get a tax-break from the Korean Government.
The form is the 유가환급금 신청 의뢰서, and it’s a tax [...]

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Tom Coyner and Others Explain Why Korean Tourism Campaigns Fail and Fail and Fail

“Visit Korea” campaigns have happened in 1994, 2001 with mixed success, and now are planned again for 2010-12. But will anything change? Has it?
Tom Coyner breaks down many things wrong with Korean country branding and comes to the same conclusion that I and many other foreigners do: Korean bureaucrats and ego-strapped senior people make up [...]

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