Analysis: South Korea's unloved chaebol

Analysis: South Korea's unloved chaebol


Analysis: South Korea's unloved chaebol

Posted: 04 Apr 2012 10:08 PM PDT

To match Insight KOREA-CHAEBOL/SEOUL (Reuters) - If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a Lotte Hotel restaurant on a Samsung phone. If you are really lucky, you could be one of the tens of thousands of graduates hired each year by the family-run conglomerates or chaebol whose annual revenues are equivalent to the country's gross domestic product. And if you actually own one of the chaebol in this election year, you will find yourself the target of growing popular anger. ...



Rocket from Egypt's Sinai hits Israeli city -police

Posted: 04 Apr 2012 10:25 PM PDT

JERUSALEM (Reuters) - A rocket fired from Egypt's Sinai desert struck the southern Israeli city of Eilat on Thursday causing no casualties or damage, Israeli police said. The head of Eilat police, Ron Gertner, told Army Radio that explosions were heard in the holiday resort soon after midnight. Police found the remains of one rocket in a construction site, about 400 meters from a residential area. Asked if the rocket was fired from Sinai, Gertner said: "Based on our working assumptions and the (rocket) range, yes." He added that police were searching for more rockets that may have landed. ...


Suspicious Sequel: The Social Flow of KONY 2012 Is Not What You First Thought

Posted: 04 Apr 2012 10:36 PM PDT

It gets worse. Today, Invisible Children will release the sequel to the KONY 2012 video, ?Which will,? according to Paul Ronan of theresolve.org, ?highlight voices of people in LRA-affected areas and include more information about the April 20 global event.? Considering the criticism that the first video received for not including more than a single ...


What Auto Brands Are Hottest? Ask an Acquisitive Dealer

Posted: 04 Apr 2012 10:11 PM PDT

Most automotive dealers ? especially the ones who are left after the great shakeout of 2009 ? are pretty savvy business people. So a good indicator of car brands on the rise is which of them U.S. dealers believe are on the rise, and which ones they?re willing to pay the most to obtain for ...


Greek unrest over pensioner suicide

Posted: 04 Apr 2012 10:28 PM PDT

Street clashes outside parliament, where 77-year-old man shot himself in apparent desperation over cuts to his pension.


Rocket from Egypt's Sinai hits Israeli city -police

Posted: 04 Apr 2012 10:26 PM PDT

JERUSALEM (Reuters) - A rocket fired from Egypt's Sinai desert struck the southern Israeli city of Eilat on Thursday causing no casualties or damage, Israeli police said.


Chavez back in Venezuela after more cancer treatment

Posted: 04 Apr 2012 09:57 PM PDT

Venezuela's President Hugo Chavez talks at Miraflores Palace in CaracasCARACAS (Reuters) - President Hugo Chavez returned home to Venezuela on Wednesday after his latest session of cancer treatment in Cuba, as he aims to fight off the illness and win a new six-year term in an October election. The 57-year-old socialist leader walking unaided from his plane after it landed in his home state of Barinas and he was greeted on the runway by relatives, the vice president and several government ministers. "The socialist revolution is irreversible ... ...



Myanmar's old guard under pressure after Suu Kyi win

Posted: 04 Apr 2012 10:00 PM PDT

Myanmar's pro-democracy leader Aung San Suu Kyi waves to supporters as she leaves the office of her National League for Democracy (NLD) in YangonYANGON (Reuters) - Myanmar's ruling party, created by the military, says it must re-think strategy after by-election victories for the party of Aung San Suu Kyi who has raised suspicion in the ranks by suggesting the generals will need to withdraw from politics. To prevent more losses in a 2015 general election that could cripple its influence, the military-backed Union Solidarity and Development Party (USDP) acknowledges it must reinvent itself, possibly by adopting the pro-democratic ideas and populism the junta brutally suppressed for years. ...



Exclusive: Key China insurer to stop covering tankers with Iran oil

Posted: 04 Apr 2012 09:47 PM PDT

SINGAPORE (Reuters) - Key ship insurer the China P&I Club will halt indemnity coverage for tankers carrying Iranian oil as Western nations tighten sanctions on OPEC's second largest producer, two club officials told Reuters on Thursday. China is Iran's top buyer of crude and this is the first sign the country's refiners may struggle to obtain the shipping and insurance to keep importing from the Middle Eastern country. Iran's other top customers -- India, Japan and South Korea -- are running into the same problems. ...


North Korean refugee stands for parliament in the South

Posted: 04 Apr 2012 07:37 PM PDT

SEOUL (Reuters) - By the time Pyongyang's rubber stamp parliament meets on April 13 to anoint Kim Jong-un as the third of his line to rule the impoverished state, 53-year old Cho Myung-chul will likely have become the first North Korean to win a free election. The rub is that Cho, once part of North Korea's elite who defected in 1994 during the 17-year rule of Kim Jong-il, is standing in parliamentary elections in South Korea April 11 - the first defector to do so. ...


China's Consumers will Save Japan

Posted: 04 Apr 2012 09:54 PM PDT

Japan-China economic and commercial integration: It is inevitable--driven inter alia by China's tens of millions of future well-to-do consumers--and wholly good news for investors in the Japanese market. Look for the market to rebound.


Analysis: South Korea's unloved chaebol

Posted: 04 Apr 2012 10:24 PM PDT

SEOUL (Reuters) - If you are a South Korean you might well wake up in a Samsung-built apartment, watch the news on an LG television, drive a Hyundai car to work and make a dinner reservation at a Lotte Hotel restaurant on a Samsung phone.


Myanmar's old guard under pressure after Suu Kyi win

Posted: 04 Apr 2012 10:00 PM PDT

YANGON (Reuters) - Myanmar's ruling party, created by the military, says it must re-think strategy after by-election victories for the party of Aung San Suu Kyi who has raised suspicion in the ranks by suggesting the generals will need to withdraw from politics.


Chavez back in Venezuela after more cancer treatment

Posted: 04 Apr 2012 09:58 PM PDT

CARACAS (Reuters) - President Hugo Chavez returned home to Venezuela on Wednesday after his latest session of cancer treatment in Cuba, as he aims to fight off the illness and win a new six-year term in an October election.


Al Jazeera English wins Peabody Award

Posted: 04 Apr 2012 10:58 PM PDT

Network cited for another high-profile honour, recognised for "enterprising and brave" coverage of Arab Awakening.


Exclusive: Key China insurer to stop covering tankers with Iran oil

Posted: 04 Apr 2012 09:47 PM PDT

SINGAPORE (Reuters) - Key ship insurer the China P&I Club will halt indemnity coverage for tankers carrying Iranian oil as Western nations tighten sanctions on OPEC's second largest producer, two club officials told Reuters on Thursday.


Sister Up and Pay Your Speakers, Part 2: The Script

Posted: 04 Apr 2012 09:12 PM PDT

This week, I'm giving you the script for asking asking your current sponsors (whether they are simply lending their name to your organization, or paying) to join you in raising the bar for women, promoting your common commitment to women in business, doing your part to end the wage and leadership gaps, and providing good business benefits to each other.


Why Tiger Woods Will (Or Should) Win Masters

Posted: 04 Apr 2012 08:58 PM PDT

Las Vegas odds makers have established Tiger Woods as the heavy favorite in the Masters tournament. Las Vegas is right. Here's Why:


Afghanistan sees rise in ‘dancing boys’ exploitation

Posted: 04 Apr 2012 08:45 PM PDT

The 9-year-old boy with pale skin and big, piercing eyes captivated Mirzahan at first sight.

"He is more handsome than anyone in the village," the 22-year-old farmer said, explaining why he is grooming the boy as a sexual partner and companion. There was another important factor that made Waheed easy to take on as a bacha bazi, or a boy for pleasure: "He doesn't have a father, so there is no one to stop this."

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Shootings resonate in South Korea

Posted: 04 Apr 2012 09:06 PM PDT

CNN's Ralitsa Vassileva reports on Korean reaction to the shootings at a small California Christian college.