
Business Feb 3, 2021
South Korea wants pandemic winners to share profits with hard-hit firms
The idea has gained traction within the ruling party in recent weeks as the K-shaped nature of the recovery became clearer.
For Sam Kim's latest contributions to The Japan Times, see below:
The idea has gained traction within the ruling party in recent weeks as the K-shaped nature of the recovery became clearer.
The figures point to an accelerated need for Kim to come up with a new five year economic plan to survive the crisis.
Critics say the dominance of chaebols, where key decisions often rest on a handful of large shareholders, hampers fair business practices and stifles competition.
Lee built the company into the electronics powerhouse of today, becoming synonymous with the rise of South Korea on a global economic stage.
After destruction of inter-Korean liaison office, analysts warn of even more provocative behavior over the next year.
Lee Jong-chul, a 57-year-old truck driver who lives just south of Seoul, says it took little more than a minute to access his 400,000 won ($330) cash handout from the South Korean government earlier this month. For 2.8 million Korean households it didn’t take any ...
A longtime thorn for businesses and productivity in Japan and South Korea is set to prove a bulwark for those economies as the coronavirus threatens millions of jobs around the world. Mass layoffs are frowned upon and labor laws make it hard for employers to ...
In Tokyo's Ginza, Seoul's Gangnam and Beijing's Chaoyang financial district, a familiar scene plays out almost every night of the work week. As dusk falls, businessmen flock to karaoke and hostess clubs to close deals and build relationships in the liquor-lubricated intimacy of young ...
A cyberattack paralyzed internet networks at the opening ceremony of the Pyeongchang Winter Olympics, in what appears to have been a bid to embarrass the organizers of the games. Hacking caused both local area network (LAN) and wireless communications to fail during the opening ceremony ...
The first to experience the future of wireless technology, well before most humans, will be South Korea's wild boars. That's because 5G, the fifth-generation wireless network, is making its worldwide debut at the Winter Olympics in Pyeongchang. The technology will be used to ward off ...