Third-generation members of business families moving up the executive ladderThird-generation chaebol family members appear to be rapidly consolidating their positions at the country’s largest conglomerates.Among the grandchildren of chaebol founders, Hyundai Motor Group’s Chung Eui-sun is taking the fastest route to the top. On Aug. 20, 2009, Hyundai Motor Group promoted chairman Chung Mong-koo’s

NEW YORK (AP) ― Google is making its largest investment yet in clean energy in an effort to help private homeowners put solar panels on their rooftops.The $280 million deal with installer SolarCity is the largest of its kind. SolarCity can use the funds to pay for a solar system that it can offer to residents for no money down. In exchange, customers agree to pay a set price for the power produced

DETROIT (AFP) ― With its turnaround in North America essentially finished, Ford Motor Co. is looking to the next act in its comeback by building its business in Asia’s emerging markets.Ford plans to grow global sales by 50 percent over the next four years with a strong push into markets such as China and India, chief executive officer Alan Mulally said last week. A Ford Motor Co. Mondeo at the Aut

Fed chief says brinkmanship threatens to backfire and harm the economyWASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke on Tuesday urged Republicans to support raising the nation’s borrowing limit. He said threatening to block the increase to gain deeper federal spending cuts could backfire and worsen the economy.Even a short delay in making payments on the nation’s debt would cause severe d

Donga TV held a charity classical music concert for multicultural families at the Center for Gangnam-gu Residents in southern Seoul on Monday. The second “Classical Music Night with Love and Sharing” concert aimed at promoting the School of Global Sarang, a new international elementary school established in March in Oryu-dong for multilingual and multicultural education. It is open to children fro

Lee HyoriK-pop diva Lee Hyori is setting off to India this month for volunteer work. The singer is reportedly set to spend a week in India with international aid and development organization World Vision. The Christian NGO helps children, families and communities in poverty throughout the world. Famous for K-pop hits including “Chitty Chitty Bang Bang” and “U-Go-Girl,” Lee also recently volunteere

It is dusk in a park near Seoul Station, and a small group has stopped beside a man curled motionless in the middle of the path.A Korean charity worker approaches him, and gently nudges him. The man stirs and speaks. Everyone breathes a sigh of relief ― he was only sleeping. One volunteer moves the plastic sandal that has fallen from his foot closer to him and another lays a bag of food down besid

Charity founder calls for more help for ‘second wave’ of orphans in ChinaHe was only 11 years old, but he was already fending, rather unsuccessfully, for himself. Separated from his North Korean mother and abandoned by his Chinese father, the boy was living in a collapsing cottage without a roof or running water. Struggling to survive on scraps and garbage from the nearby village, he soon contract

MADRID ― Just five months ago, Osama bin Laden was alive, Hosni Mubarak was firmly in control in Egypt, and Zine el-Abidine Ben Ali ruled Tunisia with an iron hand. Today, popular rebellion and political change have spread throughout the region. We have witnessed brutal repression of protests in Syria and Yemen, Saudi troops crossing into Bahrain, and an ongoing battle for Libya.For Europe, the “A