Ahn Dae-hee, former Supreme Court judge known as Mr.Clean Hands, withdraw from his nomination as prime minister just six days after nomination, a setback for President Park Geun-hye’s efforts to make the government straight after the ferry incident in April. Ahn has been accused of making 1.6 billion won ($1.5M) in six months from July 2013 to Dec 2014 by working as a lawyer after his retirement from Supreme Court in 2012. He denied any wrong doing or conflict of interest through connections, and said he was withdrawing only to avoid putting burden on Park’s administration. Park has to find a new candidate to have him pass the hearings.
Ahn has a perfect career history as a judge for over 30 years, but it was the money he earned as a private lawyer with good reputation that made him withdraw for the PM job. Lionel Messi of FC Barcelona made over 6 million dollars in Spanish La Liga last year while a friend of my son in FC Seoul made mere 40K dollars in Korean soccer league. Lionel Messi should withdraw from Brazil World Cup starting next week.
2) Another American held captive in N.Korea
Jeffery Fowle, a 56-year-old man from Ohio , became another American arrested in North Korea North Korea North Korea has been using American detainees as a leverage to open dialogues with the U.S.
There is a safe and easy way to travel to North Korea
2. Economy
1) Korean work long hours and, years also
It is well known Koreans work long hours, and it became known by recent OECD survey that Koreans also work longest years after retirement. Korea
Korean often open their own small business after their retirement. What are the most popular small businesses for the retirees? In a survey in 2013, multi media shops like PC Room, screen golf and Karaoke were most popular with 39%, followed by restaurants and bars with 21%, because of low entry barrier. The problem is over 90% of these small shops close after 5 years and signboard shops should be the lucrative business to go to.
3. Auto Industry
1) Samsung SDI to make batteries for Ford
Samsung SDI announced it will jointly develop with Ford next generation lithium-ion batteries that is 40% lighter and has better energy efficiency than the standard lead-acid battery for gas-fuelled vehicles. The car battery business is one of the five areas Samsung Group has selected in 2010 as new growth engines. The other four are solar cells, LEDs, medical instruments and bioengineering. Samsung SDI accounted for 25.8% of the global small sized secondary cell market last year, leading the market for four years in a row since 2010.
I recently had a dinner with a gentleman working for the development of electric vehicles in Korea
2) Hyundai Russia won quality prize from Medvedev
Hyundai Russia won the grand prize in quality management in a ceremony in Moscow St. Petersburg in Russia Russia ’s Solaris, Accent in Korea
Mr.MK Shin, the plant manager in Hyundai Russia
Regards,
H.S.