Korea Express Co., Korea’s largest logistics firm, said Monday that it is seeking to post 2.35 trillion won ($2.09 billion) in sales this year, up around 10 percent from last year.The company is also targeting an operating income of 157 billion won in 2011.Last year, Korea Express was estimated to have logged an operating income of 130 billion won on sales of 2.16 trillion won.Major shareholders o

Verizon Wireless, the largest U.S. mobile-phone company, will sell 9 million to 12 million iPhones this year, the Wall Street Journal reported, citing analyst estimates. The lower number would boost Apple Inc.’s overall sales by 5 percent, according to Gene Munster, an analyst at Piper Jaffray Cos., the Journal said. The iPhone may capture 5 percent of Verizon’s customers in its first quarter on s

The current controversy over the nomination of Chung Dong-kee as the next head of the Board of Audit and Inspection raised two serious questions. One concerns the still prevalent practice of senior judges and prosecutors joining law firms upon retirement and getting huge rewards. The other is about the appropriateness of appointing a former presidential secretary to the job of top government watch

North Korea is desperate in its call for dialogue with South Korea. But Seoul is hesitant on deciding what to do about Pyongyang’s sudden peace offensive that comes after one of the worst years of military provocations since the Korean War.Pyongyang has heated up its language in the overtures since the three major official newspapers first proposed inter-Korean dialogue in their New Year joint edi

At first glance it seems the ultimate quixotic effort: persuading the new, more Republican Congress to enact legislation to shine light on the role of special-interest money in elections. But campaign reformers might consider appealing to members of Congress allied with the “tea party.” Those in the movement profess to believe that “we the people” have been eclipsed in the political process by sel

As President Barack Obama enters the second half of his term, his dreamy honeymoon with Congress and the American public long over, what a relief to see the sensible William Daley at his side. Daley has the experience to excel at one of the nation’s toughest jobs. And yes, he’s a pro-business Democrat, which galls the liberal wing of the Democratic Party.This choice for chief of staff is primarily

At a roundabout in Juba, southern Sudan’s capital, stands a digital clock. It has four faces, each titled “Countdown to Southern Sudan Referendum ― Period Remaining.” The referendum on Jan. 9 is part of the peace agreement signed in 2005 ending the civil war between northern and southern Sudan, and its outcome will determine if Sudan remains one country or becomes two. Each side of the clock has a

When asked which European country Korea might resemble the most, many think of Italy for its being a peninsula, having a similar climate, love for their national cuisine, fashion addiction and passion for music. Others point to Ireland because of their insularity (South Korea being virtually an island after the Korean War), heavy drinking capacity and singing skills. Historically both Italy and Ir