In March, a Korean Navy frigate sank in waters near the border with North Korea in the West Sea. The news shocked Korean people and their hearts were broken as they watched the bodies of the missing sailors being recovered from the stern of the sunken frigate Cheonan three weeks later. Although the sailors may be gone, I am sure that all Korean people will remember them as heroes forever and I pray for the repose of their souls. That is why the government must discover what caused the ship to go down and tell the people truthfully everything that happened.
In the April issue, our cover story focuses on “Korean Stocks to Watch for Foreign Investors.” We received contributions by renowned stock market analysts, in order for us to show our readers what stocks foreign investors should watch out for. I am sure that the cover story will be worth reading for all investors, both foreign and Korean.
Our company section includes stories on Hyundai Heavy Industries, Korea Midland Power Co., Hyundai Mobis, Kia Motors, Daewoo Shipbuilding & Marine Engineering, Korea National Oil Corporation, STX, Samsung Electronics, HanmiParsons and LG Electronics.
Recently, Korean companies listed on the stock market and the KOSDAQ market have announced their business performances of 2009. Despite unfavorable conditions, they recorded a sharp rise in 2009 from a year earlier thanks to gains from foreign exchange rates and the valuation of investments using the equity method of accounting. We included various tables to help readers better understand their performances in the stock and investment section.
In addition, our MBA series carries a story on the MBA program of Sogang University in Seoul. The business school of Sogang University offers various advanced programs for students and aims to become the top business school not only in Korea but the whole of Asia.
Other stories include Korean Air’s support for Kim Yu-na who won the gold model in women’s figure skating at the recent Winter Olympics, growth in e-commerce sales, the government’s anti-Internet game addition policy, a decrease in foreign direct investment in Korea in 2009, the first official meeting between the financial minister and the new governor of the Bank of Korea, and globalizing Korean food (Hansik).
Thanks for your continued support for our publication.
We will be back with an even better magazine in May.