In his book “Capitalism 4.0,” prominent journalist/economist Anatole Kaletsky predicts a sea change in the relationship between government and the market.The fourth stage of capitalism, he argues, is being created by a new form of collaboration that transcends both unbridled capitalism and state interventionism. The “birth of a new economy” would also mean a new era of healthy growth for emerging powers like South Korea, he said. “For Korea, it’s going to be an opportunity,” Kaletsky, editor-at-

SK Lubricant will build a lubricant base oil plant in Spain in collaboration with the Spanish oil firm Repsol YPF, SK Group announced Monday.According to the conglomerate, an SK Group delegation led by chairman Chey Tae-won met with Repsol chairman Antonio Brufau Niubo in Madrid on Friday and signed a letter of intent to build a base oil plant and to collaborate in other areas.Aside from the plant, the SK Group and Repsol officials also agreed to seek opportunities for collaboration in other rel

 Big Bang won Best Worldwide Act at the MTV Europe Music Awards in Belfast, Northern Ireland, on Sunday evening.It was the first time a Korean act has won at the MTV Europe Music Awards (EMA), Big Bang’s agency YG Entertainment said.South Korean Pop group Big Bang arrive at the MTV European Mus

A massive asteroid will make a rare fly-by Tuesday, and although it poses no danger of crashing to Earth, US scientists said this week they are eager for a closer look. This image made from radar data taken in April 2010 by the Arecibo Radar Telescope in Puerto Rico and provided by NASA/Cornell/Arec

BEIJING (AP) -- Chinese dissident artist Ai Weiwei said Monday that thousands of supporters have donated more than $550,000 to help him pay a government tax bill, a show of support and a form of protest that a state-run newspaper warned could be illegal. In this June 23, 2011 file photo, activist ar

Two premier South Korean pitchers have signed with a famed U.S. baseball agent, eying opportunities to play in Major League Baseball.Yoon Seok-min, a right-handed starter for the Kia Tigers in Korea Baseball Organization (KBO), and Ryu Hyun-jin, a left-hander for the Hanwha Eagles, have joined with

Miss Venezuela Ivian Sarcos reacts as she is crowned winner at the Miss World competition held at Earls Court in London, Sunday, Nov. 6, 2011. (AP-Yonhap News)Miss Venezuela, Ivian Sarcos, was crowned the 2011 winner of the Miss World beauty pageant on Sunday at a glittering final ceremony in London

A North Korean defector was recently shot dead by the North's border guards on Chinese soil shortly after crossing a border river, a civic activist here claimed Monday, suggesting that the Pyongyang regime has toughened its crackdown on defectors."I witnessed on Oct. 22 a North Korean man shot to de

Police investigating the cause of a 34-car pile-up on a major British highway that killed seven people and injured 51 said Sunday they are focusing on a fireworks display near the accident site. A general view of the scene on the M5 motorway close to Taunton in southwestern England, Saturday No