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Wed, September 26, 2018 | 12:17

Opinion > Reporter's Notebook >

[Reporter's Notebook] Louis Vuitton criticized for chairman's attitude

Korean reporters inevitably played hide-and-seek with LVMH Chairman and CEO Bernard Arnault, during his two-day stay here. The chairman came to Korea, Wednesday, to check the “Volez, Voguez, Voyagez - Louis Vuitton” exhibition, which opened Thursday and will run through Aug. 27 at the Dongdaemun Design Plaza (DDP) in Seoul. Louis Vuitton is an LVMH brand, along with Dior, Fen...

Reporter's Notebook | 2017-06-09 15:49

[Reporter's Notebook] Ghost and apartment prices

Koreans half-jokingly say that even ghosts cannot precisely predict the fluctuation of real estate value in the short term. Experience tells us that it is impossible to forecast the ups and downs of property value if the market is efficient. The Korean real estate market is also unpredictable. But it is so not because it is efficient but because there are so many factors affe...

Reporter's Notebook | 2017-06-09 14:20

[Reporter's Notebook] Will chairman's visit help Vuitton recover glory?

LVMH Chairman and CEO Bernard Arnault will come to Korea today to attend Thursday’s opening ceremony for the “Volez, Voguez, Voyagez ─ Louis Vuitton” exhibition at Dongdaemun Design Plaza in Seoul. He is expected to meet CEOs of Korean retail giants, including Shilla’s Lee Boo-jin, Shinsegae’s Chung Yoo-kyung, Lotte’s Shin Dong-bin and Hyundai Department Store’s Chung Ji-sun,...

Reporter's Notebook | 2017-06-06 10:41

[Reporter's notebook] Moon should levy Google tax, pass 'Cisco bill'

President Moon Jae-in and the new administration are recommended to take measures against tax evasion by foreign enterprises. They may refer to a recent case where Google was charged 300 million euro in a penalty tax. Besides Google, multinational enterprises including Apple, Facebook, Microsoft, Oracle and Cisco have repeatedly been accused of dodging taxes although they gen...

Reporter's Notebook | 2017-05-12 17:00

[Reporter's Notebook] Do not control media

“Please refrain from asking questions that were not coordinated in advance.” A campaigner for the leading presidential candidate Moon Jae-in posted this message Tuesday in an online chat room the campaign team is running to communicate with foreign journalists in Korea. The campaign official referred to an incident in which an unidentified foreign reporter approached Moon and...

Reporter's Notebook | 2017-04-21 16:47

Moon Jae-in fires back at pro-N. Korea accusations

[Reporter's Notebook] We need flexibility in viewing NK

An age-old debate over the nation’s enemy has restarted after conservative presidential candidate Yoo Seong-min asked liberal candidate Moon Jae-in a question: “Do you think North Korea is our 'main enemy’?” during a nationally televised debate, Wednesday. Moon of the Democratic Party of Korea (DPK) refused to give a straight answer, saying a president is not the person to give such a definition but the person who needs to resolve inter-Korean issues.

Reporter's Notebook | 2017-04-20 17:27

[Reporter's Notebook] Are foreign luxury brands innocent?

While writing a series of 10 articles highlighting operations of foreign luxury brands in Korea, this reporter received a lot of feedback over the past few weeks, not only from the global companies but also from many readers of The Korea Times. Most of the feedback defended the operations of the foreign firms and were not that favorable to the articles. But are these foreign ...

Reporter's Notebook | 2017-04-20 15:36

Presidential hopefuls' unrealistic telecom pledges

A drastic reduction in households’ mobile telecom costs has been a major populist presidential pledge recurring every five years here when the elections take place. The same is expected to continue for the upcoming presidential election, with the two front-running candidates _ Moon Jae-in of the Democratic Party of Korea (DPK) and Ahn Cheol-soo of the People’s Party _ seeking...

Reporter's Notebook | 2017-04-17 17:08

[Reporter's Notebook] 'Cisco Act' should be introduced

Calls are surfacing for the introduction of a bill to stop foreign limited liability companies from exploiting loopholes in the law to sidestep taxes. The government and the legislature have been urged to expedite their efforts to plug the legal loopholes they have made. Limited liability companies are not legally obliged to release financial information such as sales, operating profit, dividends, royalties and donations, and do not face external audits so they can easily dodge scrutiny by the authorities. For this reason, many foreign companies in Korea have registered their names as limite...

Reporter's Notebook | 2017-04-04 17:48

BOK concerned over US classifying Korea as manipulator

Did Bank of Korea Governor Lee Ju-yeol blunder when he recently said Korea cannot exclude the possibility of the U.S. reclassifying it as a currency manipulator? Or was he really showing concern about it? His remarks were unexpected and took reporters by surprise at this time when Korea is anxiously awaiting the U.S. Treasury’s new foreign exchange report next month. No one b...

Reporter's Notebook | 2017-03-29 16:55

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Inter-Korean Summit in Pyongyang