In the aftermath of the 2008 financial crisis, some economists argued that the United States, and perhaps the global economy, was suffering from “secular stagnation,” an idea first conceived in the aftermath of the Great Depression. Economies had always recovered from downturns. But the Great Depression had lasted an unprecedented length of time. Many believed that the economy recovered only because of government spending on World War II, and many feared that with the end of the war, the economy

On the Bar is a regular column written by attorneys with Yoon & Yang LLC about laws and regulations that affect businesses in Korea. The content provided here is general legal information. -- Ed.On March 20, 2018, the revised Labor Standards Act was promulgated. As a result, the maximum number of working hours per week was cut to 52, with fewer exemptions than before. The revisions also addressed overtime pay rates. 　The most important change was the restriction on the maximum number of working

Samsung Electronics is expanding its corporate social responsibility projects targeting local communities to achieve sustainable development and promote the raising of funds for a good cause. The Nanum Walking Festival is one of the company’s projects aimed at helping the community. Under the program, the company donates the same amount of money donated by participants of the event. Since 2013, a total of 15,700 people have participated in the annual event held in various parts of the country, r

No collusion?! Is he kidding?!　Inquiring minds want to know why Donald Trump is threatening to take away the security clearance of Bruce Ohr, the government’s foremost expert on the Russian mob.Trump’s personal lawyer for more than a decade, Michael Cohen, said Trump conspired with him on felonies to pay bribes to a porn star and a Playmate model not to talk about the alleged affairs they had with Trump while he was married. Cohen is going to prison for his role in the crime, which he said was a

Hyundai Engineering & Construction, the main construction unit of Hyundai Motor Group, will begin sales of 2,513 units of Hillstate Samsong Skansen in Goyang, Gyeonggi Province, from Friday, the company said Wednesday.Hyundai E&C said that it intends to include elements of the Scandinavian lifestyle in the complex, hence the use of Skansen, the name of a museum in Stockholm, Sweden. The planned Hillstate Samsong Skansen development. (Hyundai E&C)Hillstate Samsong Skansen spans 180,000 square met

Binggrae, a South Korean food and beverage company, said Wednesday that it had introduced “sized-up” versions of its popular coffee drinks to boost sales and exports.The A Cafe la brand drink, called Size Up and available in flavors Americano, sweet Americano, cafe latte and vanilla latte, is 350 milliliters “to offer good taste with better affordability.” A Cafe la`s Size Up (Binggrae)The Americano drinks contain coffee beans from Brazil and the latte drinks contain coffee beans from Colombia,

South Korean tech titan Samsung Electronics has set its ultimate goal of outreach to make a “healthy society” by narrowing the educational gap among society members. Since the establishment of its community service organization in 1995, the company has carried out various projects to serve those in need of educational support.  A student delivers a presentation using an electronic board and Galaxy Note smartphone provided by Samsung Electronics at Korea Food Service Science High School last year

한국인이라면 어릴 적 한 번쯤 읽어봤을 전래동화 ‘별주부전.’　별주부전에 등장하는 토끼는 별주부에게 속아 바다 속 용궁에 붙들려가게 된다.　마치 동화 속 내용처럼 바다에 서식하는 토끼 모양의 생물체가 화제를 모으고 있다.　토끼와 똑 닮은 생김새를 자랑하는 ‘주러나팔라 (Jorunna parva)’ 는 바다 민달팽이의 한 종류다.　몸길이가 2.5cm에 불과한 이 연체동물은 귀여운 생김새와 달리 강력한 독성을 가지고 있다.　주러나팔라를 처음 접한 누리꾼들은 “사진만 보고 토끼인 줄 알았다,” “바다 속엔 무궁무진한 생명체들이 살고 있다” 등 신기한 반응을 보였다.　(khnews@heraldcorp.com)