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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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First Vice Minister Kim Jae-hong of the Ministry of Trade, Industry and Energy and representatives of foreign business firms, international organizations, and educational organizations with offices in the Incheon Free Economic Zone pose for a photo session on May 22 at the meeting he…
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Shinhan Financial Group holds its 2025 Second Half Management Forum with Jin Ok-dong, Chairman of Shinhan Financial Group, presideding over the forum at Shinhan Bank's Blue Campus in Yongin, Gyeonggi-do, on July 1. (Photo : Shinhan Financial Group)Sh…
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Chairman Yang Jong-hee presides over the 2025 Second Half KB Financial Group Management Workshop on July 11-12. (Photo: KB Financial Group)KB Financial Group announced its first half 2025 business results via live internet and mobile broadcast on Jul…
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President Kang Tae-young of NongHyup Bank. (Photos: NongHyup Bank)NongHyup Bank began operating a generative AI platform on July 4, which will be applied across its entire business process, the bank announced on July 7.The platform is NongHyup Bank’…
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Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group reported consolidated net income of 2.301 trillion won for the first half of 2025, including 1.1733 trillion won for the second quarter of 2025.This re…
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