Steve Jobs, who mentored Silicon Valley technology leaders in the months before he died, said he admired Facebook Inc. co-founder Mark Zuckerberg for “not selling out.” “We talk about social networks in the plural, but I don’t see anybody other than Facebook out there,” Jobs told biographer Walter I

Asiana Airlines signed up to the Korea International Cooperation Agency’s public-private partnership program on Monday.Companies taking part in the program collaborate with KOICA to carry out development aid projects in developing countries. The partner from the private sector is signed on for one year.The carrier said the KOICA selected the company for partnership in recognition of its corporate social responsibility programs. Asiana Airlines has been working on social contribution projects in

The following was contributed by National Tax Service Deputy Commissioner Kim Moon-soo. ― Ed.The size of foreign direct investment in 2010 was $13.1 billion, the largest amount since 2000. Although difficult to quantify, foreign investment certainly helped Korea overcome the 1997 economic crisis and achieve economic growth of 6.1 percent last year. However, amid growing uncertainties in the global markets, the Korean economy expects difficulties in achieving this year’s FDI target of $15 billion

Costs incurred due to embezzlement, fraud by employees triple over 4 yearsThe cost of embezzlement and fraud by employees at South Korean financial firms has more than tripled in four years, according to the country’s top financial regulator.The Financial Supervisory Service said malpractice by employees at banks and other financial firms reached 274 billion won ($240 million) in 2010, sharply rising from 87.4 billion won in 2006. The irregularities were discovered and punished across the secto

The number of credit cards issued increased this year, despite government efforts to reduce credit card use in a bid to control household debt.According to data released by the Credit Finance Association on Monday, the total number of credit cards issued was 122.3 million during the first half of this year. A total of 116.6 million credit cards were issued last year.This year’s record number means that every job-holder has 4.9 credit cards on average, according to officials. The nation’s populat

Mobile payment services can be an answer to the current controversy over high commission fees for credit card payment, KT chairman Lee Suk-chae said Monday. KT Corp., which became the largest shareholder of BC Card in February, announced in the day the company’s new vision to expand business into mobile payment services. “We would not try to compete with other credit card or communications companies but will offer payment services for them to further grow,” Lee told reporters at KT’s headquarter

Mayor Nam says many Japanese companies looking to relocate to Korean cityFor Gumi, Korea’s Silicon Valley, making sure that foreign direct investment keeps flowing into the city is a daily endeavor.To highlight the city’s appeal as a high-tech powerhouse, Herald Media organized a trip for commercial attaches so that they could get a firsthand account of a city that is a model for overcoming the crisis and fueling the nation’s economy.Gumi’s national industrial complexes were established with the