Op/Ed | BusinessKorea

Friday, January 19, 2018


To Our Readers
30 June 2014 - 5:25pm
It is predicted that the recent Sewol ferry disaster will result in economic losses of over 1.5 trillion won (US$1.46 billion) with domestic consumer sentiment dampened to the point of cutting this...
To Our Readers
12 May 2014 - 3:54pm
The Sewol passenger ferry disaster is a tragic combination of incompetent politicians, corrupt bureaucrats and one immoral businessman. The political community has been blinded by power and negligent...
To Our Readers
21 April 2014 - 2:22pm
Another storm is coming to the business community, this time in the form of a weekly working hour reduction from 68 to 52. Along with the ordinary wage issue that heated up throughout last year, the...
Thousands of protesters hold candles to show solidarity against the importation of U.S. beef in May 2008.
Social Conflicts
11 April 2014 - 5:42pm
Each weekend in the plaza in front of the Seoul City Hall a rally is staged by left-wingers who demand the resignation of President Park Geun-hye and National Intelligence Service Chief Nam Jae-joon...
To Our Readers
31 March 2014 - 3:20pm
The Park Geun-hye government has recently announced a new three-year plan for economic reform in a movement towards deregulation and public sector renovation. The problem is that past administrations...
Out-of-work Germans look over a job posting board.
Importing Policy
31 March 2014 - 2:03pm
Korea needs to look into the German style welfare-to-work program as a solution for the current economic state where growth and employment are stagnant, while the welfare burden is getting hefty. The...
The three-headed elephant statue of Erawan at the Erawan Museum in Thailand.
New Direction
18 March 2014 - 3:22pm
The previous industrial era was led by the three-headed system of “bureaucracy, politics, and chaebol.” Those in the era pursued a high-speed compressed growth strategy, and made it. However, the...
Korean businessmen play in a water fountain on a Seoul street in 2009. (Photo by Ingmar Zahorsky via Flickr)
Insider Perspective
17 March 2014 - 6:45pm
Korea was recently named the worst place for worker productivity in the OECD, which was featured in a recent article by this magazine. This news is not surprising for any professional previously or...
Emart’s Flying Store floats around malls offering free wifi and easy access to Emart’s retail site.
Leading Retail
7 February 2014 - 6:06pm
The way that convenience retailers operate in Asia, using customer insight to shape their offer to a level unprecedented in the Western markets, is starting to make businesses in the latter economies...
To Our Readers
31 January 2014 - 11:28am
Foreign news outlets have poured out reports about Korea as an IT powerhouse for years. CNN reported last year that Korea ranked first both in Internet penetration rate (82.7%) and smart phone...
Aging Society
23 January 2014 - 3:29pm
The Washington Post reported that the heroes of the Miracle of the Han River are living in poverty, as younger Koreans are spending more and more on private education and luxury products. It added...
The Supreme Court ruled on December 18 2013 that the regular bonus is included in the ordinary wage, which is expected to have great repercussions in the auto industry.
To Our Readers
30 December 2013 - 6:43pm
The Supreme Court finally delivered its ruling that regular and fixed bonuses are to be included in the scope of ordinary wages, even when the cycle of payment is over one month. The scope of...


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