Seoul National University professor Kim Rando advises Korea’s youth to face up to reality and believe in the possibilities of their future in his 42 short essays for the younger generation.Rando gives advice to those feeling lonely and uneasy about their future and urges them to make a miracle in th

People Aug. 17, 2011

Professor Kim Rando stresses discovering true potential and pursuing dreamsKim Rando, professor of consumer studies at Seoul National University, calls himself a consumer scientist.His current research focus is on the Chinese consumers, and he plans to publish a book on the subject next year. But Ki

People Aug. 17, 2011

The global news media industry is faced with a make-or-break upheaval that revolves around the shift in focus toward online and mobile platforms. Over the past couple of years, newspaper companies around the world have lost their readers to online and mobile rivals.The past year was a remarkable one

Technology Aug. 14, 2011

Lee Kun-hee speculated to focus on faltering memory spot businessSamsung Electronics Co., the world’s biggest memory chip maker, and eighth-ranked Hynix Semiconductor Inc. are bracing for a steeper price plunge in memory chip prices. Nomura Securities issued a report Friday that the majority of chip

Technology Aug. 12, 2011

Officials concerned about greater volatility from structural problemsOpenness in financial markets is supposedly a positive thing. But this rule does not exactly apply to Korea’s “open” stock market that has been fluctuating in a way deemed more volatile than that of its peers in Asia and elsewhere.

Aug. 11, 2011

Dimmer U.S. economic outlook, rising inflation at home still pose riskAs the U.S. Federal Reserve pledged to keep its benchmark interest rate at near zero through mid-2013 helping Wall Street to stage a rebound Tuesday, investors in Seoul also seemed less nervous. Still, a bigger question remains: W

Aug. 10, 2011

For Korea’s baby boomer generation, post-retirement plans usually revolve around real estate investments. But this longstanding strategy, which relied solely on a continuously booming housing market, is being reconsidered as apartment prices remain in a protracted slump. Baby boomers here, many

Aug. 10, 2011

The historic downgrade of the U.S. credit rating late Friday and subsequent mass sell-off in equity markets around the world have threatened to hamper Korea’s economic growth, leaving few options for the central bank in its scheduled policy-setting meeting this week.Standard & Poor’s downgraded the

Aug. 9, 2011