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South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’s strongest-ever sanctions against North Korea for…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see any money and penalize those who fix the share pri…
Kia Motors, Samsung Electronics and Kumho Tire, the Big Three companies that have served as the pillars of the economy of Gwangju Metropolitan City for the past 40 years, have fallen upon hard times. Kia Motor’s Gwangju plant, producing the Soul, Sportage and Bongo models, are seeing a decline in…
The Global Green Hub Korea 2017 (GGHK 2017) that took place from Sept. 4 to 5 at the Songdo Convensia in Incheon attracted about 200 officials of 143 foreign project owners from 41 countries and roughly 500 Korean company officials.  The 10th GGKH exhibition was hosted by the Ministry of Env…
Korea Electronics Technology Institute (KETI) has been selected to oversee a state-financed AI flagship project this year by the Ministry of Science, ICT and Future Planning (MSIT). The project calls for investments worth a combined 70 billion won over five years until 2020 into the development o…
Chairman Kim Byung-won of the National Agricultural Cooperatives Federation(NACF) holds the Korea Reform Management Award for 2017 he won in line at the 19th Korea Reform Related Academics Integrated Conference held at the Gwangju Kim Dae-jung Convention Center in Gwangju, South Jeolla Province, Aug…
The government’s 2018 budget calls for a 7.1 percent increase in spending to 429 trillion won, aligning it with President Moon Jae-in’s economic initiatives of focusing on income-led growth and creating jobs. The budget increase is higher than the government’s economic growth forecast of 4.5 pe…
Gwangju Mayor Yoon Jang-hyun said Gwangju Metropolitan City will strive to come up with their own steps to create jobs and foster the development of the eco-friendly auto, new energy and cultural content industries to cope with the advent of the 4th Industrial Revolution. Mayor Yoon of the Gwanju…
Minister Do Jong-hwan of the Ministry of Culture, Sports and Tourism (MCST), Minister Yoshimash Hayashi of Education,Culture, Sports,Science and Technology and Chinese Minister of Culture Luo Shugang hold a certificate of a “Kyoto communiqu” they singed during the 9th Korean, Chinese and Japanese …
Chairman Choi Jong-ku of the Financial Services Commission(FSC). The government plans to plow up to 40 trillion won in the coming years into areas related to the 4th Industrial Revolution, including such sectors as smart factories, drones and self-driving cars. The government will also entirely do …
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Business/Company
Female staff of Hyundai Oilbank in Christmas spirits hold Christmas gifts to be sent to around 1,000 children from 31 regional children centers around the country who sent post cards to the Santa Post Office describing their dreams and wishes for the…
Bongwha county and other organization officials, including Lim Soo-gil of the beneficiary of POSCO’s steel house project, gesture in a group photo session at a ceremony to dedicate the 28th steel house at Bongwha, Gyeongsangbuk-do, on Nov. 29. POSC…
Cheong Kwan Jang Korean red ginseng enjoys global fame thanks to its superb quality.No wonder red ginseng has become one of Korea’s representative gifts. In particular, Cheong Kwan Jang brand Korean red ginseng has gained recognition as one of Korea…
The homegrown APR-14000 reactor produced and supplied by Doosan Heavy Industries & Construction. (Photo: Doosan Heavy Industries & Construction) Doosan Heavy Industries & Construction had been listed as one of the companies expected to s…


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