Elliott Management, a U.S.-based activist hedge fund, is again pouncing on a Korean conglomerate that has weaknesses in corporate governance.A couple of years ago, the hedge fund mounted an attack against Samsung Group as its vice chairman, Lee Jae-yong, sought to change the group’s governance struc

North Korean leader Kim Jong-un and Chinese President Xi Jinping met with each other in China from March 25 to 28. The sudden summit is a result of the two countries’ coinciding interests.Pyongyang has to face U.S. military action if its negotiations with hardliners in Washington do not work out wel

The decision made by President Donald Trump based on the inputs given by his intellectual lieutenant Secretary of Commerce Wilbur Ross to apply twenty five per cent and ten percent tariff on steel and aluminum imports respectively will have a cascading effect across the world. There were similar saf

U.S. President Donald Trump on February 13 (local time) invited his cabinet members and congressmen to the White House to discuss fair trade for American workers. There, he mentioned reportedly China 25 times and South Korea 21 times while mentioning Japan four times and Germany once. He also said t

On January 22 (local time), U.S. President Donald Trump decided to make safeguard measures to restrict the import of washing machines from South Korea. That day, those supporting South Korean President Moon Jae-in displayed an advertisement at the Times Square to celebrate his 66th birthday.The U.S.

South Korea has found itself at a crossroads yet again. Those threatening its economy this time include Kim Jong-un’s sixth nuclear test, downward pressure on the country’s credit rating resulting from the provocation, debates over nuclear armament, China’s economic retaliation that has followed THA

Samsung Electronics is trying to maintain its lead in the global semiconductor, TV, smartphone industries and so on while the Chinese government is providing full support for Chinese semiconductor manufacturers and Japanese electronics manufacturers are striving to regain their past glory. During th

U.S. President Donald Trump and Chinese President Xi Jinping met with each other in Florida on April 6. Their summit talks gained much attention as an indicator of Washington’s North Korea policy and the future of Sino-American relations.After the summit talks, both Washington and Beijing have been

Sometimes, when the change is too rapid and dramatic, you might not know whether it is really taking place or not. It is understandable, considering that you simply don’t recognize it. A dramatic change, however, happens anytime without your realizing it.When Klaus Schwab talks about the 4th Industr

I still remember the anxiety I got from driving an American-made car in Seoul in the mid-1990s. On occasion, I had my car keyed, tires slashed, or woke up to find it covered in eggs. I was prevented from parking in certain lots and even had a nationalistic Korean refuse to sell me imported gas for m

China’s retaliation against the South Korean government is continuing to intensify in the wake of the latter’s decision to accept the deployment of the Terminal High Altitude Area Defense (THAAD) system.The retaliation took the form of anti-Hallyu measures in July last year. More recently, the Commu

The National Assembly of South Korea voted for the impeachment of President Park Geun-hye in response to the people’s outcry and now the ball is in the court of the Constitutional Court of Korea.It is well known that their recent candlelight vigils are not their first one. Back in 2008, a South Kore

The General Security of Military Information Agreement between South Korea and Japan, which was resumed in four years and signed at once, is regarded as a starting point for the enhancement of the three-way alliance among South Korea, Japan and the United States. Experts are pointing out that South

South Korean President Park Geun-hye has lost her authority because of the “Choi Sun-sil scandal” related to her intimate old friend’s involvement in the national affairs. At the same time, her late father and former President Park Chung-hee’s halo that made her the President is waning along with So

Various countermeasures to the North Korean nuclear threat are being discussed in the wake of the North’s recent nuclear warhead explosion test. According to Gallup Korea’s survey conducted between September 20 and 22 before the results were made public on September 23, 58% of the 1,010 adult respon

An increasing number of Chinese news outlets have advocated economic retaliation against South Korea since the South Korean government decided to accept the Terminal High Altitude Area Defense (THAAD) system in the Korean Peninsula. For example, the Global Times, affiliated with the People’s Daily,

To enjoy nature and the outdoors, a Grand Camping summer event for Sungjukwon Girl's Orphanage was held on Friday, Aug. 19, 2016, at the Grand Hyatt Hotel Seoul. The event, which was sponsored by the hotel and supported by the ANZ Bank and Kiwi Chamber, was a big success and was attended by Grand Hy

Brighter days are here to stay for CS Wind Corp., a Korean multinational company engaged in the production of wind towers.On August 12, 2016, the US Court of Appeals for Federal Circuit (CAFC) issued its judgment on an appeal filed by CS Wind Corp. and its wholly owned subsidiary CS Wind Vietnam Co.

Ahn Hee-jung, governor of Chungnam Province, on Friday signed an agreement with global room-sharing service Airbnb to cooperate on providing accommodations to visitors attending Korea’s 97th National Sports Festival. Airbnb’s Director of Public Policy for the Asia Pacific Region, Mike Orgill, repres

The United States is increasingly resorting to trade protectionism ahead of the upcoming presidential election. Under the circumstances, the U.S. Department of Commerce decided to impose high anti-dumping tariffs on coated steel sheets and cold-rolled steel sheets imported from South Korea.On July 2