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President Park Geun-hye. (Photo on courtesy of Cheong Wa Dae) President Park Geun-hye returned home on July 18, wrapping up a five-day trip of Mongolia, in which she attended the 11th ASEM Summit in an official visit to the country.  President Park proposed that the ASEM Economic Ministers’ …
U.S. authorities have allowed Korean ministry officials and reporters to inspect a U.S. THAAD battery stationed in Guam for the first time to the outside world, in the latest move to calm misgivings over the harmfulness of electromagnetic radiation by a THAAD system, to be deployed in Korea. (Photo:…
Rep. Park Myung-jae of the Saenuri Party, speaks at an inaugural meeting of a parliamentary forum designed to explore and study policies on sustainable growth of the steel industry.Rep. Park Myung-jae and other lawmakers from ruling and opposition parties — members of a steel parliamentary for…
Minister Joo Hyung-hwan of the Ministry of Trade, Industry and Energy shakes hands with visiting Khalid Al-Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, in the Four Seasons Hotel in Seoul on July.MOTIE Minister Joo and his counterpart Khalid Al-Falih discuss ways of expan…
Administrator Shin Won-sup of the Korea Forest Service (KFS) Korea and Mongolia signed an MOU on bilateral cooperation on July 17 to prevent desertification. The deal was signed in the presence of the heads of state of both countries in the wake of the 11th Asia-Europe Meeting (ASEM), Administrator…
Chairman Lee Boo-seob of Korean Federation of Science and Technology Societies gives a speech at a ceremony to celebrate the 50th anniversary of its establishment. (Photos: KOFST) Korean Federation of Science and Technology Societies held its 50th anniversary on July 13 at Coex, southern Seoul, wit…
Deputy Minister Doh Kyung-hwan of the Office of Industrial Creativity and Innovation at the Ministry of Trade, Industry and Energy (MOTIE) speaks at an opening ceremony of the 2016 Korea Tech Commercialization Fair.Dignitaries, including MOTIE Deputy Minister Doh, KIAT President Chung Jae-hoon, and …
Chairman Baek Soo-hyun of Korean Standards Association poses with winners of theKorea Service Grand Prix 2016 at an awards ceremony at Lotte Hotel in downtown Seoul on July 7. (Photo: KSA) Korean Standards Association (KSA) designated the first week of July as the “Service Week” in which a variet…
KICOX President & CEO Kang Nam-hoon. Korea Industrial Complex Corp. (KICOX) is hitting the accelerator to transform old industrial complexes into innovative ones. KICOX President & CEO Kang Nam-hoon said one of his corporation’s foremost tasks is about turning industrial complexes into in…
The Korea Appraisal Board has released People’s Real Estate Compass, an app tailored to meet house buyers’ needs. Thanks to its two years of innovation, the Korea Appraisal Board (KAB) chalked up its best-ever sales of 137.3 billion won in 2015 and 15.5 billion won in operating profit, another re…
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Economy/Finance
President Lee Kwang-goo of Woori Bank. Shares of Woori Bank have been rising rapidly this year with the expectation that the bank would do well in the first year of its privatization. The government sold most of its stake in the bank to multiple pri…
Chairman Hwang Rok of the Korea Credit Guarantee Fund(KODIT). The Korea Credit Guarantee Fund (KODIT) celebrated its 41st anniversary on June 1 with a ceremony at its head office in Daegu. All of the entire officers and staff signed “E-Clean” Affi…
President Kim Jae-chun of Korea Housing Finance Corp.(Photo: KHFC) Korea Housing Finance Corp. (KHFC) provides housing finance in Korea. It offers long-term mortgage loans; housing guarantees for individuals, such as guarantees for rental, installme…
Shinhan Card President Lim Young-jin. Shinhan Card has launched the Asiana Shinhan Card Air 1.5, which strengthens benefits for cardholders from the accumulation of mileage with Asiana Airlines. The new card has the highest mileage accumulation rate…


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