In-depth report Incheon Harbor's leap to become a port of call for cruise liners Incheon Harbor is undergoing a transformation. According to the Incheon Port Authority it expects to see more than 100 cruise liners come through the Incheon Port by the end of this year following the first cruise liner which docked at Incheon in March. This will increase tourism in the area attracting at least 150-thousand visitors with an economic effect of almost US$70 million. The Incheon Port is revamping itself into becoming the cruise hub of Northeast Asia by building facilities to accommodate influx of tourists. We explore the Incheon Port as a venue for tourists and highlight the city's plan for development. Hidden champions Lutronic the laser optic machinery maker We live in times when beauty and cosmetic treatment becomes a real interest for people. Lutronic is a global company that makes medical laser treatment machinery for skin care which has dominated the global market. Thanks to booming sales company share prices have kept a steady rise. Lutronic has received approvals from the United States FDA and the European CE and sold around 60-countries in North America, Europe and Asia. Last year alone sales reached over US$ 58-billion out of which 64-percent accounted for overseas sales. Lutronic is our hidden champion with a shining record in surplus for 13 consecutive years... we reveal the success story of Lutronic that has with its latest technology revolutionized the medical industry. Interview Weakening Abenomics... positive or negative for the Korean Economy? Professor Oh Jung-geun of Korea University/ Chairman of the Asian Financial Cooperation Conference Japan's 'Abenomics' represented by a weaker yen is slowly losing ground. Japan has described the 'Abenomics' policy as a measure to boost its domestic market, however the international community has been critical and losing patience, while in Japan people are experiencing the side effects of the economic policy through rising import prices and interest rate hike. Korea's Finance Minister Hyun Oh Seok has been a harsh critic of Abenomics ever since he took office. But some experts point to concerns that a sudden fall out of Abenomics will have a negative effect on the Korean economy. We will discuss the Abenomics side effects coming out of Japan as well as its influence on the Korean economy depending on whether the policy works or not. ICT The era of wearable computer! The latest in high tech is in the 'wearable computer'. Examples of the technology is seen in the Google Glass which works through voice control and by scrolling the frame of the glasses. Then there is the smart sneaker which connects to the smart phone and talks to the person who is wearing it. Apple has come up with the iWatch and Samsung has plans to create the Galaxy Watch. The wearable computer requires flexibility to fit the curve of a human body and the flexible semiconductor technology is the key behind it all. A team of researchers from KAIST have created the high density semiconductor that allows the computer display to bend. The nano thickness silicon material brings flexibility to the electronic circuit. This technology is paving way for the next generation electronics technology like the bendable electronic newspaper. We highlight the present and the future of ICT industry's hot issue the 'wearable computer'. North Korea North Korean motive for controlling defectors? Young North Korean defectors, mostly orphans, also referred to as flower-swallows who fled their country to wander around China were in the process of escaping to South Korea when they were forced back to North Korea. North Korean authorities sent in a plane to collect the defectors in a 007 like operation. What will happen to these young defectors? In some cases defectors residing in South Korea return to North Korea which experts believe could be the result of continuous threat and pressure to return. What is the motive behind North Korea's recent moves?

• published: 31 Dec 2013
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