GlobalEconomic GlobalEdition

June 28, 2022

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Jeju Olle selected among “World's Top 10 Coastal Walking Tours”

2021.04.12 10:28

Jeju Olle was selected as one of the world's top 10 coastal trails (walking tours). Jeju Olle, a corporate judicial corporation, announced on Apr.9 that "Jeju Olle was selected as one of the World's Top 10 Coastal Walking Tours selected by Active Traveler, a UK outdoor magazine." Jeju Olle is the only course in Asia among the named top 10 courses. Active traveler said, "Jeju is called a treasure island in Korea," and introduced Jeju Olle as being a “jewel of the crown”. They explained that it is a place where you can experience a whole different walking tour by counting 368 oreums one by one
Presidents Moon and Biden. Possibility of First Korea-US Summit in April

2021.04.05 10:35

It is known that President Moon Jae-in and U.S. President Joe Biden will be actively considering a plan to hold the first summit before the G7 (7 major countries) summit in June.Several senior ruling party members spoke to Yonhap News Agency on the phone on Apr.2, "We know that the ROK-US authorities are closely discussing plans to hold the first ROK-US summit before the G7 summit."This is different from the initial observation that the two leaders will meet for the first time at the G7 Summit held in England on June 11-13.If the summit is concluded, the possibility of President Moon’s visit
The end of Shin Chun-ho’s era and beginning of vice chairman Shin Dong-won’s era for Nongshim

2021.03.26 10:10

Chairman Shin Chun-ho (89), who has led Nongshim, a leading domestic food company, for 56 years has stepped down from the front line of management. Vice Chairman Shin Dong-won (63) will take over as a Chairman opening a new horizon for Nongshim.Chairman of Nongshim Group Shin Chun-ho (89), whose term expired on Mar.16, was replaced from the position of registered director at this shareholders meeting, so he withdrew from the front line of management 56 years after the founding the company in 1965, passing the 2nd generation of management to his eldest son Shin Dong-won.Nongshim held the 57th r
Yoon Seok-youl earns highest support rate among South Korean presidential hopefuls, according to a recent poll

2021.03.24 10:01

A public poll recently conducted in South Korea that asked about the suitability of presidential-hopeful candidates for the presidential role has shown that former Prosecutor General Yoon Seok-youl has the highest level of support, with a nearly 40% support rate. The poll, which was ran by the Korea Society Opinion Institute (KSOI) upon the request of broadcaster TBS, asked 1,007 people aged 18 years or older across South Korea between Mar. 19 to Mar. 20 on the suitability of candidates as the next president of the country. Yoon, the former prosecutor general of South Korea, earned the highest
Samsung C&T begins its fashion industry shareholders meeting with a keyword “stability”

2021.03.22 15:00

This year, the fashion industry's regular shareholders meeting season has begun. The main issue is the reappointment of the heads, and the tendency to seek stability due to the prolonged COVID-19 outbreak.Samsung C&T held the 57th regular shareholders meeting at the Global Engineering Center in Gangdong-gu, Seoul on Mar.19. Agendas such as approval of financial statements, appointment of directors, and approval of remuneration limits for directors were resolved according to the original draft. What is noteworthy in the fashion section is that Jun-seo Lee, head of the fashion division, has bee
Democratic Party’s approval rating of 32%, lowest since the launch of Moon Jae-in administration

2021.03.08 08:58

As of the Gallup Korea’s poll, the approval rating of the Democratic Party was the lowest since Moon Jae-in’s administration was launched.Gallup Korea announced Friday that the Democratic Party's approval rate fell 4% from the previous week to 32% as a result of inquiring 1002 people over the age of 18 across the country from Mar.2-4.People Power Party’s rating increased by 1% from the previous week to 24%, narrowing the gap between the two parties to 8%.After the Moon Jae-in administration was inaugurated, the gap between the two parties' support has narrowed to a single digit since the th
Resignation of Prosecutor General Yoon Seok-youl immediately accepted by President Moon

2021.03.05 09:59

On the 4th, Prosecutor General Yoon Seok-yuol announced his intention to resign after opposing the ruling party's promotion of the Major Crime Investigation Agency (Intelligence Service). President Moon Jae-in immediately accepted his resignation within an hour after Prosecutor’s appeal."I am intended to resign today. The constitutional spirit and the rule of law system that has supported this country are being destroyed. The damage will only go to the people,"Yoon stated in front of the Supreme Prosecutors' Office at 2 pm on the same day. He added, "It is difficult to see the common sense an
Chairman Hyun-joo Park, "Instead of a park, we need to build a 15~20 pyeong rental apartments in Yongsan."

2021.02.05 11:02

"In terms of housing supply, we need to change our thinking. What if we build a 15-20 pyeong rental apartments instead of a park in Yongsan, Seoul?" Park Hyun-joo, chairman of Mirae Asset Group, known as the “Securities Industry Legend”, gave his opinion on the real estate issue. It was through Mirae Asset Daewoo's YouTube channel “Smart Money” on Wednesday. · Regarding the housing supply, Chairman Park said, "Would you like to build a rental apartments in Yongsan or 2-3 golf courses owned by a public corporation connected with a tram (road train)?" Considering the urgency of Kore
SM Entertainment founder Lee Soo-man dreams of South Korea, ‘a country of producers,’ becoming a cultural leader

2021.02.03 11:09

“Ourcountry is a country of producers,” said Lee Soo-man, executive producer of SMEntertainment Co Ltd, one of the biggest entertainment agencies in South Koreaand an early pioneer in growing the K-pop industry. “I dream that South Koreawill be able to become a leader in leading cultures around the world.” Lee Soo-man appeared on the Feb. 1 airing of “Monthly Connect,” a TV programfocused on humanities and cultures, on South Korea’s tvN network, and said thatK-pop will encounter a second revival in China. He has eyed the Chinese market since 2000 when he introduced H.O.T. (afirst-gener

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S. Korea logs record current account surplus with U.S. and Southeast Asian

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