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Unification Ministry spokesman Kim Hyung-seok announces South and North Koreas’ agreeing to the reopening of the Gaeseong Industrial Complex in North Korea, shut down by North Korea unilaterally. (photos:MOU) South and North Korea agreed on Aug. 14 to normalize the Gaeseong In…
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Dir. Gen. Kwon Byung-yoon of the Road Bureau at the Ministry of Land, Infrastructure and Transport. The Ministry of Land, Infrastructure and Transport (MOLIT) is seeking to introduce the next-generation Cooperative-ITS, designed to optimize road utilization and dramatically reduce traffic…
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A view of the Smart Geospatial Expo 2012.(photos: MOLIT) The global spatial information market, whose size was estimated at 89 trillion won in 2010 with an annual average growth rate of 11 percent, is an up-and-coming “blue-ocean” market forecast to surge to 150 trillion won by 2015.
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Lee Byung-rae, director general of financial services at the Financial Services Commission (FSC). (photo: FSC) From now on, financial companies will be required to separate their companywide business network and internet network. Thirty-six financial institutions with more than…
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Administrator Siheon Seong of the Korea Agency for Technology and Standards (KATS)"We’re stepping up our efforts to reinforce organizational capacity so that Korea can develop into a global powerhouse of standards. To that end, we are spearheading Korea’s international standardization and str…
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A gold exchange will be opened at the Korea Exchange (KRX) in the first quarter of 2014.(photo:KRX) The Financial Services Commission (FSC) said a gold exchange will be opened at the Korea Exchange (KRX) in the first quarter of 2014 so that spot gold can be traded like listed stock…
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President Park Geun-hye shakes hands with Chinese President Xi Jinping as they meet for summit talks at the Great Hall of the People in Beijing on June 27 during the Korean president’s state visit to China. (Photos:Cheong Wa Dae) The state visit to China from June 27-30 …
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Minister of Health & Welfare Chin Young announces plans to expand the medical insurance coverage of patients suffering from four major illnesses on June 26.
Medical treatment and medication for patients suffering from four major illnesses will be covered by the National Health…
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Rep. Chung Woo-taik of the National Assembly Land, Infrastructure and Transport Committee
Rep. Chung Woo-taik of the Saenuri Party, who sits on the National Assembly Land, Infrastructure and Transport Committee, hosted a policy discussion on the tremendous changes in the area of energy resourc…
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MOTIE Minister Yoon Sang-jick presided over the 59th Session of the FEZ Committee on July 3.Free economic zones (FEZs) are expected to face a massive restructuring in which underdeveloped districts will be phased out.
On the other hand, regulations on development within the FEZs will be dramaticall…
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Lee Hwan-joo, current CEO of KB Life Insurance, tapped as the next KB Kookmin Bank president.KB Kookmin Bank announced on Nov. 26 that it held the inauguration ceremony for the 24th class of the college student overseas volunteer program, “RaonAtti,…
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Chairman Lee Suk-joon of NongHyup Financial Group. (Photos: NongHyup Financial Group)NH NongHyup Financial Group announced that it held the 2024 Risk Management Excellence Awards at the headquarters of NongHyup Financial Group in Jung-gu, Seoul on No…
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President Kim Sung-tae of the Industrial Bank of Korea (IBK]. (Photos: IBK)Industrial Bank of Korea (IBK) launched the Credit Card Sales Direct Deposit Service on Nov. 27. The service instantly deposits credit card payments to merchants at no ad…
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Yoon Hee-sung, president of Korea Eximbank poses for a photo with Chae Sun-joo, head of external affairs and ESG policies at NAVER after signing an MOU on cooperation to strengthen competitiveness in global expansion on Nov. 21 at NAVER 1784 Building…
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