GM Korea approved a plan to turn its R&D divisions into a new corporation at a shareholders meeting Friday.The plan was approved, reportedly in the absence of a proxy representing the bank -- the company’s second-largest shareholder -- because of a blockade by members of the GM Korea union that made it impossible to enter the venue.The bank said it will file a lawsuit seeking to invalidate the approval of the plan. KDB says it has the right to veto decisions having to do with withdrawal from Sou

Before he even took office, Donald Trump signaled that his policies toward China would differ drastically from his predecessor. They still do.Less than a month after his shocking 2016 election upset, the president-elect answered his phone in Trump Tower and had a pleasant 10-minute conversation with the president of China.Not Beijing, China. Taiwan, China, as in Republic of. It was the first time an American president or president-elect had talked with that country’s leader in nearly four decade

Seoul Metro, which operates eight subway lines in the capital, turned 1,285 indefinite-term contract workers into regular employees in March.In terms of working hours, there is little difference between the two categories of workers, but indefinite-term contract workers are usually paid about 50 to 60 percent of what regular employees receive.　According to parliamentary inspection data provided by Seoul Metro to Rep. Yoo Min-bong of the opposition Liberty Korea Party, 108 of the contract-turned-

It’s October, which means our televisions and theaters are full of stories of supernatural mayhem. More recently shows like “Black Mirror” and movies like “Ready Player One” portray mayhem wrought not by ghosts and monsters, but by out-of-control technology that feels just plausible enough to incite a different kind of fear. Even the news stokes worries of new, disruptive technologies: Robots will take our jobs, driverless cars will kills us and, for those who really want a scare, algorithms in

Despite the ups and downs, it is good the Korean peace process has abated fears of war on the peninsula and brightened prospects for resolving the North Korean nuclear crisis peacefully. But this should not create an illusion that permanent peace is at hand. It is true that following the hectic summitry involving leaders of the two Koreas and the US, few now talk of the situation reverting to that of last year when the North and US exchanged verbal threats of war over Pyongyang’s nuclear and mis

Over the last decade, we have learned that a serious banking failure with risky balance sheets can feed into a major international financial crisis. That, in turn, is big enough to cause an economic crisis as we saw with the “Great Recession.” The downturn in growth, trade and productivity that followed also opened up the possibility of a new contagion today.The global financial crisis, which I confronted as governor of the Reserve Bank of New Zealand at that time, masked some very important dev