Credit Suisse regional chief says inflationary pressure won’t continueInflationary pressure from soaring food prices is not likely to continue in Asia but a new round of capital inflows from May could destabilize regional economies, said Osama Abbasi, CEO of Credit Suisse Asia-Pacific.“It is in our view that food price is pretty much capped out. Further acceleration of food price is unlikely,” Abb

Details of mobile advertising are unveiling as the number of smartphone owners has surpassed the 10 million mark and is expected to reach 20 million by the end of this year.Google Korea is currently considered a leader in mobile advertising business, moving ahead with its global platform, followed by the country’s telecoms ― SK Telecom, LG Uplus and KT ― which all declared to play a role in the ma

Korea’s SNS pioneer plans to regain lost glory with mobile apps, acornsCyworld, in many ways a Korean pioneer in social networking services, is back with a vengeance this year on the back of robust “acorn” sales and closer collaboration with up-and-coming technology. Acorn ― “dotori” in Korean ― is the unit of virtual money that Cyworld users spend on all sorts of items for decorating and personal

TRENTON, New Jersey (AP) ― Olympic gold medalist Carl Lewis says he’ll run again ― for New Jersey Senate.“When I run ― as you see from my record ― I run to win,” the 49-year-old Lewis said outside a historic courthouse in his home county, where he announced his candidacy Monday with his mother and other family members standing nearby. Lewis said he hopes to inspire people, encourage communities to

Spain’s Edurne Pasaban, who claims to be the first female climber to conquer the world’s 14 highest peaks, seeks to become the first woman to climb Mount Everest without oxygen, the Sydney Morning Herald reported.Pasaban, 37, scaled the 14 mountains above 8,000 meters in May 2010 after she reached the summit of 8,027-meter Shisha Pangma, situated in China’s Tibet region. Edurne PasabanShe told a r

Ji Lee /Korean to be Facebook creative directorJi Lee, creative director of Google Creative Lab, is moving to Facebook to be the social networking site’s first creative director, the online news site Creativity reported.Lee drew attention three years ago as Google scouted the New York street artist as its creative director.Born in Korea and raised in Brazil, Lee studied design at Parsons School of

An unusual exchange between Taiwanese President Ma Ying-jeou and a Korean student in Taiwan has caused a stir.According to a news release by the Taipei Mission in Korea, Ma had an informal discussion with students of Taipei-based St. John’s University on Sunday.During the meeting, Lee Jin-hee, the only Korean student attending the university, made an unusual request to the Taiwanese leader. Lee as

Three spend private money to publish magazine on contemporary KoreaThree young women are blazing a trail in the field of Korea promotion with a fresh magazine which highlights contemporary aspects of the nation.Launched by Byon Sarah, Park Sang-aa and Choi Jung-yoon last August, Roking is a free magazine that shows the cool side of Korea to the world. The title Rok uses the initials of the Republi