President Park Geun-hye applauds with leaders of major conglomerates and business leaders as they participate in their New Year’s gathering at COEX in Seoul on Jan. 5.(photo on courtesy of Cheong Wa Dae)President Park Geun-hye’s New Year gathering with leaders of major conglomerates and business l…

Speaker Chung Ui-wha, left, shakes hands with President Xi Jinping of China during his call at the Great Hall of the People on Dec. 18, 2014. The Speaker visited China at the invitation of Chairman Zhang Dejiang of the National People’s Congress(NPC) of China to consolidate the ties with China’s p…

A tete-a-tete between Prime Minister-designate Lee Wan-koo and Saenuri Party Chairman  Kim Moo-sung.The ruling Saenuri Party has decided to recommend to President Park Geun-hye to give special paroles and temporary releases to business leaders and other criminals serving terms in jail for crim…

Chairman Chung Woo-taik of the National Assembly National Policy CommitteeChairman Chung Woo-taik of the National Assembly National Policy Committee hosted a public debate on the national agenda to brace for future challenges of the nation. He also became the host of the 2014 National Assembly Smart…

Deputy Prime Minister and Minister Choi Kyung-hwan of the Ministry of Strategy and Finance (photo:MOSF)In his New Year’s message, Deputy Prime Minister and Minister of the Ministry of Strategy and Finance (MOSF) Choi Kyung-hwan said, “The government will do its utmost to carry out structural refor…

Minister of Trade, Industry and Energy Yoon Sang-jick gives a speech at a ceremony to embark on the new year at the MOTIE in Sejong City. (photos: MOTIE)Minister of Trade, Industry and Energy Yoon Sang-jick said in his New Year’s message, “There are many tasks the government and the private sector…

Minister Suh Seung-hwan of the Ministry of Land, Infrastructure and Transport speaks during a New Year’s ceremony at the ministry on Jan. 2.(Photos:MOLIT)Minister Suh Seung-hwan of the Ministry of Land, Infrastructure and Transport, said in his New Year’ message that this is the year to realize th…

Mayor Park Won-soon of Seoul Metropolitan Government delivers his New Year’s speech at a ceremony to kick off the new year at Seoul City Hall on Jan. 2. (Photos:SMG)Seoul Metropolitan Government has allocated 2.193 trillion won for various projects that the city will undertake this year, including …

Minister of Trade, Industry and Energy Yoon Sang-jick presents an award to one of prize winners at the 40th Korea National Quality Award Convention. (photos: KSA)Of late, word is circulating anew that the Korean economy is situated in “a nut in the nutcracker,” alluding to Japan’s recovering comp…