2010년 8월 5일 목요일
G20 aims to meet expectations as global finance savior
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South Korean President Lee Myung-bak will undoubtedly be a happy host when he welcomes world leaders to Seoul for the G20 Summit in November, which is clearly the most important business event the country has ever hosted.
Whether the G20 arrangement ever lives up to its massive early expectations as the rebuilder of global finance, as well as continuing to maintain its relevance as the main vehicle for designing and implementing international economic policies, however, remains to be seen.
iPhone-backed KT flexes mobile muscle
 KT’s release of the Apple iPhone appears to be reshaping the Korean telecommunications market irrevocably, while allowing the company to leverage its fixed-line dominance over the mobile market. / Korea Times file |
The plot had remained the same for years ― KT, the huge but boring telecommunications giant, being repeatedly pummeled by its smaller and cooler rival, SK Telecom, in a competition that mirrored that of Tom and Jerry's.
However, it now appears that KT is finally fighting back with pace and purpose, imposing a serious challenge on SK Telecom's supremacy in mobile telephony by wielding the planet's hottest electronic gadget.
Since absorbing its mobile telephony unit, KTF, coming into 2009, KT, the country's largest telephone and broadband Internet provider, had focused on leveraging its fixed-line dominance to the wireless market.
POSCO fixes eyes on quality
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Toward that end, the Pohang, North Gyeongsang Province-based outfit has put forth efforts into research and development (R&D) under the stewardship of its quality-conscious Chairman Chung Joon-yang.
Chung, who took the reins of the company early last year, has always put quality on the front burner and commissioned a company-wide ``claim zero'' campaign aimed at satisfying customers to the fullest.
Hyundai expands business horizon
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Ever since surging to the global top spot in the early 1980s, Hyundai Heavy Industries has remained ahead of the curve as the indisputable leader in the shipbuilding business.
Understandably, all eyes were on the Ulsan-based company last year when shipyards struggled to find their feet in the midst of the financial crisis.
The answer that Hyundai has come up with to deal with the downturn is to expand its business horizon to such enterprises as the generation of renewable energies or storage of them.
STX aims to raise revenue 5-fold in 10 years
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In a country where giant business conglomerates dubbed chaebol dominate the economy, it is hard for new entrepreneurs to take a firm root in a rivalry with the established players.
Observers point out that there were only two groups, which have successfully emerged as notable newcomers to the chaebol system during the first decade of the new millennium ― STX Group and Mirae Asset Group.
Since its inception midway through 2001, the former has chalked up strong growth to become one of best shipyards in the world ― STX racked up about $20 billion in revenue last year.
SK Telecom looks beyond mobile telephony
 SK Telecom chief executive Jung Man-won, right, poses with Andy Bird, chairman of Walt Disney International, after the two companies agreed to create a joint venture to launch Korean-language Disney-branded channels slated for spring 2011, at SK Telecom’s Seoul headquarters on May 11. / Korea Times file |
SK Telecom, having secured undisputed status as the country's biggest mobile-phone carrier, is perhaps Korea's answer to Verizon Wireless.
But judging by the company's new business strategies, one would assume that SK Telecom wants to be a Cisco too, as it looks beyond its traditional telecommunications boundaries in an attempt to keep growth alive for the next decade and further.
Since taking the management helm at the start of 2009, SK Telecom CEO Jung Man-won has been pushing an initiative dubbed as ``Industry Productivity Enhancement (IPE),'' which is aimed at tapping into new opportunities across the industries of retail, automotives, construction, logistics, finance, education and healthcare.
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