Monday, December 29, 2008

Frequent Flyer Update

I love to accumulate frequent flyer miles. My main program is Asiana Club, a member of Star Alliance. Here's how I maximize my miles:

1. Fly any Star Alliance carrier. (Shanghai Airlines and Air China have joined the alliance.) Just show them your Asian card and you're good to go.

Also, there is a family membership plan that allows you to pool miles. When my mom came to Korea, I signed her up for an Asiana membership which gave me around 11,000 miles for her trip. So, join with your wife, brother, sister, etc. Life partners do not count.

2. Credit Cards. For Koreans, the best card is the Citibank Asiana card and the LG card. 1,500 won = 2 miles. (I'm jealous because I only earn 1 mile per 1,000 won from my Samsung Asiana card.)

3. LG Telecom. You can earn frequent flyer miles if your cell phone bill is around 35,000 won per month. Call LG Telecom and give them your Asiana frequent flyer number. LG has been giving me around 400 miles a month based on my 40,000 won a month cellphone bill.

4. Duty-Free Shop of the Korean Tourism Organization. Do you ever buy anything from the duty-free shop in Incheon? There are a lot of duty free shops there, but I only buy things at the KTO shop. 1 mile for every $2 (U.S. dollars in purchases)

5. Exchanging money. Kookmin, SC First Bank, and Shinhan offer 1 mile for every $5 in currency exchange. At Kookmin bank, if you're doing a wire transfer you'll get 1 mile for every $20. Transferring $5,000 = 250 frequent flier miles.

6. Hotels. Here is a list of worldwide hotels that will give between 100-500 miles for each night's stay. Best Western, Hilton, Starwood, Carlson, Hyatt, Intercontinental, Kempinski, Langham, Marriot, Okura, Raffles, Regal, Swissotel, and Worldwide. For hotels/resorts in Korea that earn 250-500 miles per night: Lotte Hotel, Mayfiled Hotel, Shilla Hotel, Seas Hotel, Paradise Hotel, Kumho Resort, Hyundai Hotel, Poonglim Resort, and Andy's 여관.

7. Breathing. (Some day I hope I can earn miles by just breathing.)

Addendum:

Asiana has recently added some member benefits.

1. 5% bonus mileage. So, if you fly 1,000 miles, they'll give you 1,050.

2. One discount coupon a year: For a Asiana Gold member, there is a 5,000 mile discount coupon for a free flight. So, if a flight to Australia costs 70,000, it would only be 65,000 with the coupon.

3. Two Business class lounge access coupons. Incheon has a really nice Asiana business class lounge. Free Internet, food, drinks, ice-cream, etc.
You can get two lounge access coupons a year, even if you're not flying business class. Sweet! I was inside there once, they also have beds. Much better than waiting outside with the rest of the cattle.

I'm getting close to Asiana Diamond membership, which means a 50% off mileage coupon every year. That's incredible. I could fly roundtrip to the U.S. for 35,000 frequent flier miles. And receive 10% bonus miles every time you fly. Diamond and Gold members also recieve priority baggage and check-in. I've been walking up to the Business Class check-in for years. There's hardly any wait. Avoiding the herd is good.

Friday, December 12, 2008

No !@#$#! Bailout

The Detroit "little 3" are panhandling for billions from the U.S. government (taxpayers). Since I'm a taxpaying American, I thought I'd chime in on this issue.

Here are the problems:
2007 Worldwide car sales
Toyota 9.37 million
GM 9.37 million
2007 Profit/Loss
Toyota $17.1 billion profit ($1,874 per car)
GM $38.7 billion loss (-$4,055 per car)

GM is better off not selling or manufacturing cars. If you can't make a profit selling over 9 million cars a year, why are you in business?

There is no vehicle from the "little 3" that I would actually buy. I thought the Pontiac Solstice was interesting, until I saw the interior. It looks like it was made in a toy factory.
Here are the cars that I would buy (in no particular order):

Mazda MX-5 (I own an earlier version of this one.)

There are other cars that I like, but they are unaffordable and also the maintenence costs are too high. Most German and Italian car companies fall into this category.

Why would I help a company that manufactures products I would never buy? I guess the joke's on me...









Wednesday, December 10, 2008

2008 Credit/Debit Card Tax Deduction

The 2008 Korea Credit Card Tax Deduction

A lot of misunderstandings and mysteries surround this deduction. I'm going to attempt to explain it. =) For 2008, the kind people at the National Tax Service are being more generous than in 2007.

First of all, go to the bank or contact your credit card company (via telephone or web) and get a 2008 total spending statement. Now let's get it started....

1. Let's say I spent 3,500,000 won in total on my Samsung card in 2008. (I spent 3,490,000 won on beer and 10,000 won for the subway.)

2. Multiply your total (gross) 2008 salary by 10% For example, if my total gross income was 10,000,000 won. 10,000,000 x .10 = 1,000,000

3. 3,500,000 (total credit card) - 1,000,000 (Salary x .10) = 2,500,000 won.

4. 2,500,000 won x .20 = 500,000 won (Tada!)

5. 10,000,000 - 500,000 = 9,500,000 won (This is your new taxable income.) So, instead of paying taxes on 10,000,000 won you would pay taxes on 9,500,000 won. Easy. Right? =) (I love tax deductions. Don't you have a warm feeling inside now?)

This is the 2008 NTS formula: [(Credit Card Transaction - Total wage and salary x .10) x .20] http://www.nts.go.kr/

*In 2007, the NTS used this formula: [(Credit Card Transaction - Total wage and salary x .15) x .15]

Friday, December 5, 2008

Balanced Development

One of the priorities of the Roh administration was balanced development. Hence, the attempt to move the capital from Seoul to an outlying region. When I first heard about his plan, I was skeptical.

Most people are familiar with Los Angeles or San Francisco, but did you know the capital of California is Sacramento? Or that New York's capital is Albany?


Population of Los Angeles: 4 million Sacramento: 475,000
New York City: 19 million Albany: 94,000 lol

The capital doesn't necessarily insure population growth or economic development.

What works?
Based on the history of California, if you want population growth and economic development outside of large urban areas, there are two options: universities and businesses.
Think of Silicon Valley, it was a barren desert until companies decided to locate there. However, Silicon Valley was initiated by Stanford University. Stanford built an industrial park in 1951. Then, they leased the office space to high-tech companies including: HP, GE, and Lockheed.
With the new law schools in Korea, students from Seoul are starting to move to provincial areas. http://joongangdaily.joins.com/article/view.asp?aid=2898245
Isn't this easier than moving a capital?

Thursday, November 20, 2008

More Google Chrome Tips

Google Chrome has an "omnibar" which is really cool because you can just type your search term where the web address is usually located. However, the google search automatically changes depending on your IP address and the country where you reside.

Here's a simple fix if you want Chrome to always search in English:

Go to the options menu and under default search engine, click "manage."


After you click "manage," click "add." Then, type the following info.
Use name: Google
Keyword: Google
Next, click "make default."
That's it you're finished. =)
One of my only complaints about Google Chrome is the lack of the ability to export bookmarks. Well, the next update has fixed this. Thank goodness. However, this is not available to normal users. It's listed as a developer release. Here's what you have to do:
Run the file and choose "developer" instead of user. Close the program and the next time you open Chrome it should update automatically. The developer Chrome releases updates sooner and more often than the general user Chrome.

My Top 10 Films of 2008


I'm kind of a movie buff, which means I've seen a lot of movies and I can remember the actors, directors, and lines from the scripts.  I probably watch 1 or 2 films a week.  

We're almost at the end of 2008.  Are you happy?  

Here are my favorite films so far from this year:

1.  Up the Yangtze (documentary)

2.  Wall-E (animation)

3.  Bigger, Stronger, Faster. (documentary)

4.  Planet B-Boy (documentary)

5.  Iron Man (action)

6.  Dark Knight (action)

7.  The Counterfeiters (drama)  

8.  Man on Wire (documentary)

9.  Mongol (drama)

10.  Tropic Thunder (comedy)

Have you seen any of these films?   If you want to find more information about any of these movies, just go to www.imdb.com (Internet Movie Database).   

Saturday, November 8, 2008

Costco mp3 file

Like other news mp3 files. You can listen to it here.