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Approximately 1,500 people from governments, international organizations, NGOs, business, and marine experts in East Asia will assemble in Changwon, Korea, to participate in the East Asian Seas (EAS) Congress 2012.The EAS Congress is a pioneering region-wide platform for capacity building, strategic…
Representatives from 190 countries assembled in Rio de Janeiro, Brazil, for the Rio+20 Summit, also known as the United Nations Conference on Sustainable Development from June 20-22. President Lee Myung-bak, Foreign Minister Kim Sung-hwan, Ministry of Strategy and Finance Minister Bahk Jae-wan, and …
Korea Radwaste Management Corp. (KRMC) is engaged in active corporate culture innovation under the leadership of KRMC President Song Myung-jae. As traditional music sounded through the public address system of the KRMC head office in Gyeongju City at 5 p.m. on April 30, hard-working KRMC staff …
Korea Electrical Safety Corp. (KESCO) has turned to long-term efforts to realize its new safety management system of taking preventive measures to ensure sustainable growth, shifting from the hitherto post-disaster management regime of restoration. KESCO is also striving to make inroads into th…
Chief Joo Young-jin of the National Assembly Budget Office led a delegation from his office to the 4th Meeting of OECD Parliamentary Budget Officials in Paris, France, as well as visited Spain from Feb. 22 to March 2. Members of the delegation learned about the execution of parliamentary budget…
The government plans to open the operation of the high-speed KTX railway to the private sector to lower prices and enhance services,” said Kwon, Do-Youp, Minister of Land, Transport and Maritime Affairs (MLTM). “It has nothing to do with the restructuring of ownership, such as nationalization…
The two countries agree to work together in the area of human resources developmentPresident Lee Myung-bak made a historic visit to Myanmar and held talks with Myanmar President Thein Sein in the Myanmar capital of Nay Pyi Taw on May 14. The trip is the first state visit by a South Korean presi…
The leaders of South Korea, China, and Japan signed a trilateral investment guarantee treaty while reaching agreement to make preparations for the launch of negotiations on a three-way free trade agreement within this year during their talks in Beijing on May 14.South Korean President Lee Myung-bak,…
The Ministry of Knowledge Economy (MKE) has come up with a plan to pitch in for the commercializing of new business models so that they can create business opportunities amid upheavals in the conditions of the global market.Director General Jung Yang-ho, in charge of technology policy at the MKE, sa…
Korea has become the first Asian country to be elected to one of the co-chair posts of the Bureau of the OECD Committee on Statistics (CSTAT) for a one-year term this year. The election is expected to represent Korea and Asia’s positions on setting future major agendas.  Woo Ki-Jong, Commissio…
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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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