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Eun Young Chough

Stories from Eun Young Chough

Hynix Semiconductor Inc. and Toshiba Corporation Collaborate in Making MRAM

Thursday, October 13th, 2011

On June 13th, Hynix Semiconductor Inc. and Toshiba Corporation, the world’s two leading semiconductor manufacturers, have announced that they have agreed to a strategic collaboration in making a next-generation memory device, Spin-Transfer Torque Magnetoresistance Random Access Memory (MRAM).

Benefits of Korea-EU FTA

Thursday, September 22nd, 2011

With years of negotiations, the Korea-EU free trade agreement (FTA) ratification was finally brought into effect on July 1. The Korea-EU FTA belongs to a different level compared to previous FTAs. Korea has been pushing ahead, among trade deals with other nations, the FTA with the EU has a larger market than the market of the FTA with the U.S., and the trade volume of the Korea-EU FTA is the second largest next to the trade volume expected by the FTA with China. The Korea-EU FTA is the sixth FTA Korea has entered into.

Charm Lee

Q&A with Charm Lee, President of KTO

Friday, July 15th, 2011

In July 2009, Charm Lee, President of the Korea Tourism Organization (KTO), was appointed as the first German-born naturalized Korean to lead a state-run enterprise. Coming from Germany in 1978, Lee became a Korean citizen in 1986 after being inspired by the creativity and future potential of Korea. Before being appointed as the head of the KTO, Lee worked as a committee member of Visit Korea Year, Seoul City ambassador, and a member of the Hanshik (Korean traditional food) Globalization Promotion Team. Under Lee’s unique management philosophy and initative, last year, the KTO managed to receive the highest evaluation mark by the Korean government, which is an unprecedented achievement. The next few pages are excerpts from the interview KTO President Charm Lee gave to Asia-Pacific Business & Technology Report.

In the past, Korea’s tourism industry was criticized due to its low stature and lack of tourism resources. What attempts are being made to enhance Korea’s tourism competitiveness under your leadership?

morning calm

Korea: Land of the Morning Calm

Friday, July 15th, 2011

Korea is one of the few countries blessed with its distinctive four seasons -- especially summer and winter – that allows people to engage in various leisure sports and seasonal festivals throughout the year. Thus, many travelers visit Korea to experience this gift from nature that is not present in their homeland.

big solar panel

Growing Competition in Solar Energy Sector and Korea

Wednesday, July 13th, 2011

Not long after Google announced that it had invested US$168 million to develop the world’s largest solar energy power plant in California’s Mojave Desert, General Electric (GE) announced its plans to build an advanced technology, thin-film solar panel factory in the United States, which is anticipated to be larger than any other existing solar panel plant in the country.

Emotion ITC Industry and Korea

Friday, July 8th, 2011

The renowned American futurist and inventor, Ray Kurzweil, said artificial intelligence of devices or machines will match the human-level by the year 2029.

When looking into the developments of Information Communication Technology (ICT), particularly the Emotion ICT industry, it seems possible that the current ICT industry may be making its move towards Kurweil’s forecast.

Kim Soon-jin

Q&A with Kim Soon-jin, CEO of Nolboo NBG

Friday, June 17th, 2011

‘The guru of the Korean franchise business,’ or ‘A legend of success’ are examples of how people describe the CEO of Nolboo NBG, Kim Soon-Jin. From her start as an owner of a small, five square meter-sized restaurant serving bossam (meaning ‘steamed pork’ in Korean) 24 years ago, Kim now oversees a total of more than 680 Nolboo Global branches, with locations in Singapore, Beijing, and Thailand.

nolboo restaurant

Globalization of Korean Cuisine: The Rising Soft Power of Korea

Thursday, June 16th, 2011

Lately, the Korean food industry has been spreading its wings within the international food market. According to a research document provided by Korea’s Ministry of Knowledge Economy in 2008, among the 1,523 Korean food-based franchise operations, 15.9 percent had opened at least one branch outside Korea.

Fukushima disaster

Fukushima Disaster: An End to the Nuclear Renaissance?

Wednesday, June 8th, 2011

The tsunami-damaged Fukushima Daiichi nuclear power plant in Japan has sent a worldwide wake-up call. Countries throughout the world are now turning their eyes to alternative energy that can replace this carbon-free energy source.

The crisis is also raising anti-nuclear sentiment and leading nations are being called upon to reinforce and review their nuclear security measures and strategies. The Fukushima nuclear plant incident may also be threatening the “nuclear renaissance” of the 21st century, characterized by the advent of the revival of the nuclear energy source.

fukushima banner

Japan Crisis Severely Impacts Korean Supply Chain

Wednesday, May 25th, 2011

As the far-reaching effects of the 9.0-magnitude earthquake in Japan have become more apparent, damages to Korean companies are also surfacing.

The earthquake and massive tsunami hit Japan’s supply chains, which provide key parts for car manufacturing and electronics. As a result, Korea’s automobile industry and high-tech industry are facing price increases in production and delays.

Choi Joon-ki

The Goods on Good Posture

Sunday, May 8th, 2011

With more than ten years of research and clinical studies, Professor Choi Joong-ki, president of SNPE Good Posture Academy and author of the bestselling book Straightened Spine, a Healthy Life, has established his own exercise therapy called Self Nature Posture Exercise (SNPE). A professor at the Continuing Education Center of Hallym University of Graduate Studies and Continuing Education Center of Kyonggi University, he has been spreading this exercise, which has helped various patients who suffered from symptoms such as herniated cervical disc, herniated lumbar disc, scoliosis, shoulder pain and obesity. He created SNPE after going through years of low back pain himself, and the tools used for the therapy have been gaining national attention from media and patients in Korea.

back exercises

Self Nature Posture Exercise

Sunday, May 8th, 2011

Just like so many other low back pain sufferers, Professor Choi Joong-ki tried it all. From yoga to chiropractics to acupuncture, he too was one of those desperate seekers looking for a permanent cure to his pain.

The chronic back pain that he had felt for many years since his school days eventually drove him away from his dream of becoming a patent lawyer. To make matters worse, the pain he suffered while sitting long hours for the exam made getting up from bed every morning an arduous toil. From that point on, fifteen years ago, his endeavor to conquer his symptoms began.

Rising Oil Prices Impacts Korean Economy Severely

Wednesday, April 13th, 2011

The Oil Price Task Force (TF) pulled out its sword in January with a grim resolution to tackle the skyrocketing oil prices. But the result was disappointing, to say the least. The report – announced three months after the TF’s establishment – was criticized as measures filled with vague and abstract solutions. The 3.9% inflation rate in March, the highest in 21 months, already was making Korean citizens apprehensive, and the TF’s announcement seemed to just pour oil on the flames.

Japan Earthquake Impacts Korean Supply Chain Severely

Thursday, April 7th, 2011

As the far-reaching effects of the 9.0-magnitude earthquake in Japan become more apparent, damages to Korean companies are also surfacing. The earthquake and massive tsunami hit Japan’s supply chains, which provide key parts for car manufacturing and electronics.

Mr. Novak

Golden Rule of Doing Business in China: “Follow the Government.”

Saturday, April 2nd, 2011

Many of us wonder, what is the most important key while doing business in China? Well, Theodore Justin Novak, Senior Associate Director of the Investment Department at DTZ in China has the answer for you. The key to success in China is simple. “Follow the government” and “localize.”
Novak, leader of the institutional sales team of DTZ, visited South Korea as a guest speaker for the 2011 Asia Pacific Financial Forum. DTZ, the real estate adviser listed on the London Stock Exchange in 1987, has been operating in China as the first real estate advisor to enter country in 1993. In Greater China DTZ operates 18 offices, and Novak is responsible servicing fund managers, institutional investors and bankers at the company’s Shanghai office.


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