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Policy/Politics
Commissioner Lee Hwa-soon of the YEFEZ Authority. (Photo: YEFEZ Authority) The Yellow Sea Free Economic Zone (YEFEZ) Authority will sell plots in Pyeongtaek Business & Industry Complex (BIX)’s industry and logistics zones next month. The Pyeongtaek BIX is an advanced industry cluster being cre…
Minister Paik Woon-gyu of the Ministry of Trade, Industry and Energy (MOTIE) speaks at a consultative meeting on win-win collaboration between management and labor with textile company representatives in Seoul Palace Hotel in Seoul on Aug. 11. (Photo: MOTIE) The government called for the Korean tex…
President Moon jae-in has a first meeting with business leaders that took place at the format of drinking beer in front of the presidential guesthouse of Sangchunjae on July 27. The participating business leaders included CJ Chairman Sohn Kyung-shik, Chairman Park Yongmaan of the Korea Chamber of Co…
(from left) Korean President Moon Jae-in,; U.S. President Donald Trump,’ and North Korean leader Kim Jong-un. North Korean leader Kim Jong-un’s brinkmanship has escalated into a war of words in which U.S. President Donald Trump promised to react against threats from North with “fire and fury” o…
Minister Paik Un-gyu of the Ministry of Trade, Industry and Energy (MOTIE) New Minister Paik Un-gyu of the Ministry of Trade, Industry and Energy (MOTIE) has formalized the government’s policies to wean the country off nuclear and coal-fired power and expand new and renewable energies. Minister P…
Minister Do Jong-hwan of the Ministry of Culture, Sports and Tourism (MCST) Starting next year, the government may grant a 1 million won tax deduction to individuals for expenses they incur in purchasing concert tickets and books.  Minister Do Jong-hwan of the Ministry of Culture, Sports and …
Rep. Kim Hyun-mee takes office as the first minister of the Ministry of the Land, Infrastructure and Transport (MOLIT) in the President Moon Jae-in government, at the Sejong Government Complex on June 23. (Photo: MOLIT) As Kim Hyun-mee took office as the first minister of the Ministry of the Land, …
Chairman Choi Jong-ku delivers his inaugural speecfh at a ceremony held on July 19 at the Financial Services Commission.(Photo: FSC) Choi Jong-ku was officially inaugurated as chairman of the Financial Services Commission (FSC) on July 19 in a ceremony at the FSC auditorium. South Korea's top fina…
Minister Kim Hyun-mee of the Ministry of Land,Infrastructure and Transport, 3rd, L, applauds as the name plate for the City Rebirth Project Planning Team is put up in a ceremony held on June 4 at MOLIT with key officials of related government agencies and state-run companies in attendance including …
Minister Yoo Young-min of the Ministry of Science, ICT and Future Planning (MSIP) deliver's his inaugural speech at the Gwacheon government complex south of Seoul on July 11. The MSIP has been tentatively renamed as the Ministry of Science, Technology and Communications. (Photo: MSIP) Minister Yoo …
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Economy/Finance
Chairman Yun Jong-kyu of KB Financial Group KB Financial Group logged the best results in its history last year to take over the top position among rival financial groups in the country with its net profit coming to around 3 trillion won, the first …
Chairman Cho Yong-byeong of Shinhan Financial Group. (Photo: SFG) Shinhan Financial Group netted 2.917 trillion won in net profit last year, the second biggest since 2011 when the financial group logged 3.100 trillion won in net profit, the group sa…
Chairman Choi Jong-ku of Financial Services Commission(FSC)(Photo: FSC) Starting Jan. 30, Korea will only allow authenticated bank accounts to be involved in virtual currency trading  Those with virtual currency accounts created by banks after…
New Chmn. Kwon Yong-won of Korea Financial Investment Association(KOFIA). Chairman Kwon Yong-won said he will be a leader in financial sector deregulation while running the Korea Financial Investment Association (Kofia) over the next three years. H…


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