Administrator Han Jung-hwa of the Small and Medium Business Administration (SMBA). The Small and Medium Business Administration (SMBA) has decided to offer 100 billion won in guarantees to startups suffering financial difficulties. The implementation of the guarantees is effective from Oct. 1. …

Minister Yoo Il-ho of the Ministry of Land, Infrastructure and Transport. (Photos:MLTM) Thousands of road transport stakeholders from around the world, including about 50 ministers or vice ministers and top leaders from public and private organizations, will descend on Seoul to participate in the 2…

Chairman Yim Jong-yong of Financial Service Commission(FSC) explains the measures to strengthen the competitive strength of all financial institutions in Korea so they can compete better abroad, at a recent briefing at the media room of FSC.(Photo:FSC) Considering Korea’s fast-aging society, Finan…

Gov. Zhin Woong-seob of Financial Supervisory Service(FSS) explains FSS policies at  a recent briefing session at the media room of FSS.(Photo:FSS) Gov. Zhin Woong-seob of the Financial Supervisory Service (FSS) likened the suspension of financial support to SMEs to taking away umbrellas when …

Seoul Maryor Park Won-soon. Seoul Mayor Park Won-soon launched a one-month mission on Oct. 7 to lend an ear to the voices of on-the-job workers and explore ways of creating quality jobs.  The Seoul mayor is touring 99 worksites from Oct. 7 until Oct. 31. Under the catchphrase “Creating Jobs…

Administrator Jeh Dae-shik of the Korean Agency for Technology and Standards speaks at the 39th ISO General Assembly, which took place in Seoul from Sept. 14 to 18. Some 700 people from 162 countries assembled for the 38th ISO General Assembly, dubbed ISO Week in Korea, at Lotte Hotel in Seoul from…

Director-General Kim Hak-soo of the Capital Market Bureau of the Financial Service Commission said they have been hard at work to push three major policies related to capital market reform, especially market structure. The FSC boosted the upper limit for share price movement from 15 percent to 30 pe…

KORES Acting President Park Sung-ha, R, and the head of the labor union each holds a copy of the agreement on the salary peak system that they hammered out at a  meeting on Sept. 18 so that the company can use it from next year.(Photo:KORES) Korea Resources Corp. (KORES), led by Acting Preside…

President Park Nark-jo of the Korea Elevator Safety Institute (K.E-safe). Korea Elevator Safety Institute (K.E-safe) pledged to be one of the world’s best elevator safety institutions, committed to ensuring safety management. K.E-safe set this year’s foremost priority task as “SAFE management”…