International school reforms
Overly excessive regulations are often cited as the key impediment to attracting foreign investment to Korea. Overseas investors as well as local business leaders suggest that the government should ease education, among other industries. Deregulation…
What’s the best way to see the world for less?
The global economic downturn has people scrambling to save money while cutting corners on life’s luxuries. But that doesn’t mean people should stop traveling. For people who want to save money and still get abroad, the solution is to book a fligh…
Why are people encouraged to donate their organs?
Cardinal Stephen Kim Sou-hwan, one of Korea’s most beloved spiritual leaders, passed away in February, leaving behind a legacy of benevolence. Throughout his life he encouraged people to love one another, and he often demonstrated how throughout h…
How does the stock market work?
Do you want to invest in the stock market? With local stock markets showing signs of revival from months of turbulence, a growing number of Korean companies are listing their shares in Seoul’s markets. This translates into more opportunities for mark…
What is the university admissions officer system?
A large number of universities in Korea announced recently that they are introducing an admissions officer system for 2010 admissions. That year, the number of students to be selected through the new system is expected to exceed 10,000 in over 40 uni…
Q.Why are hypermarkets growing in popularity?
There are many places to go shopping in Korea, depending on what you want to buy. People go to supermarkets to buy food and basic supplies, to discount stores to buy items in bulk and to department stores for clothing and housewares. But a new kin…
How is an errant Supreme Court justice disciplined?
You many have heard of the recent scandal involving new Supreme Court Justice Shin Young-chul. For those who haven’t, here is a brief summary: Shin, who was appointed to the country’s top court in February, was the head of the Seoul Central Distri…
Why does the value of the Korean won fluctuate?
The won recently depreciated to 1,600 won against the American dollar and then recovered to 1,400 won. It is hard to see this as a sign of stabilizing because the exchange rate of the won fluctuates so much. It can climb and fall sometimes hundre…
What is the World Baseball Classic?
It's only March and the baseball season is still a few weeks away. So why are we seeing professional ball players, dressed in their national team uniforms, going all out on national television these days? For casual or non-sports fans, we're …
Who are outside company directors?
It is no surprise that the Financial Supervisory Service conducts crackdowns on financial service companies. That’s its job as the country’s chief financial watchdog. Nonetheless, the FSS became a hot issue when it conducted a special investigation i…