By Emerging Money:
By Sean Geary
As a result of outperformance from the country's conglomerates, the South Korean economy (EWY) has performed strongly in spite of turmoil in global financial markets. As the country's presidential election nears, the increased focus on struggling small businesses could be bullish for the long-term prospects of the South Korean economy.
BUSAN, South Korea (Reuters) - In a cram school in the South Korean port city of Busan, 70 college students packed into a classroom, chanting "We can do it!" as they studied for an exam they hope will guarantee them a job for life with Samsung Group.
SEOUL (Reuters) - South Korea's president-elect asked the leaders of the country's big businesses, or chaebol, on Wednesday to think twice before cutting jobs, saying it was time for the conglomerates her father helped build four decades ago to look beyond profits.
South Korea's president-elect asked the leaders of the country's big businesses, or chaebol, on Wednesday to think twice before cutting jobs, saying it was time for the conglomerates her father helped ...
South Korea's presidential election campaign has highlighted discontent with the family-controlled industrial conglomerates that dominate the country's economic life. The two main candidates promise a tougher line but neither is likely to tinker too much with a model that transformed South Korea into a global business power.
SEOUL, South Korea — Investigators have yet to pinpoint the culprit behind a synchronized cyberattack in South Korea last week. But in Seoul, the focus remains fixed on North Korea, where South Korean security experts say Pyongyang has been training a team of computer-savvy “cyber warriors” as cyberspace becomes a fertile battleground in the standoff between the two Koreas.
The line between North and South Korea is one of the most nerve-wracking borders on Earth. Although the Korean War is technically over for the U.S., the North and South are still very much at war — maintaining guard towers and thousands of troops facing each other, waiting for the next invasion.