Government suspends two reactors for faulty parts and puts off operation of two others

Korea saw its income inequality surpass the average of OECD members, raising concerns over the widening economic disparity between the rich and poor.Korea’s top 10 percent group earned 10.5 times the income of the poorest 10 percent, over the OECD average of 9.5 times in 2010, the Paris-based international organization said.The increased inequality led Asia’s fourth-largest economy to rank ninth among OECD members.Mexico showed the biggest gap with the richest 10 percent earning 28.5 times more

Gov. Choi says FSS is committed to deregulation and communication

Korean builders started full-scale construction on nuclear power plant unit 2 in Barakah, United Arab Emirates, on Tuesday, the Ministry of Trade, Industry and Energy said. The construction is part of the nation’s first nuclear power plant export deal, which was sealed in 2009. Under the deal worth 21 trillion won ($19 billion), Korea will build four reactors in Barakah by 2020. Trade, Industry and Energy Minister Yoon Sang-jick and other VIPs from the UAE side, including Minister for Presidenti

The general perception about failure is that it is bad ― and rightly so. Failure incites negative feelings such as desperation, anxiety and a lack of self-confidence. People who do not cope well with failure tend to become risk averse, avoiding challenges and accepting only tasks that are easy to complete. Companies that operate in this manner can consistently achieve their goals in the short run, but will be overtaken by rivals in the long run because they fail to innovate. Innovative global co

Nation’s 16 foreigner-only casinos rise above Asian competitors to win over VIP high-rollers

Cho Hyun-ah, Korean Air’s senior vice president, recently delivered twins in the United States, sparking speculation that her travel to Hawaii could have been intended to obtain U.S. citizenship for the children. Cho, the eldest daughter of Hanjin Group chairman Cho Yang-ho, has been in Hawaii since early last month and delivered twin sons last week. The company explained that Cho had already been transferred to the U.S. as of March 20 to oversee hotel projects that the air carrier’s U.S. branch

“League of Legends,” the undisputed king in South Korea’s gaming industry, was dealt a major blow after a series of server problems in the past few days.According to game data provider Gametrics, the “League of Legends” Internet cafe share was 21.3 percent last week, a 15 percent drop from the week before.The game, however, retained a comfortable lead over its rivals. Runner-up “Sudden Attack,” for instance, had a 10 percent share.The Internet cafe share refers to the percentage of a certain gam