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The 113th Railroad Day was observed in a ceremony on Sept. 18 at the Korea Railroad Twin Tower in Sojae-dong, Daejeon, attended by some 700 people from related industries and companies hosted by the Korea Railroad Corp.Among the dignitaries present at the ceremony included Vice Minister Joo Seong-ho…
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The government has announced a strategic plan to proliferate IT convergence to automobiles and four other key industries as well as food, education and three other service industries that will have a production induction effect of 46 trillion won and will create 230,000 jobs by 2017.Kim Jae-hong, de…
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The National Treasury Research Forum, co-chaired by Rep. Na Seong-lin of the ruling Saenuri Party and Rep. Lee Yong-sup of the opposition Democratic United Party, was held on Sept. 12 under the theme, “The Derivatives Transaction Tax Impact on Capital Market and Treasury Income,” attracting some 3…
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Korea is seeking to inaugurate Gite Korea, the Korean version of Gites de France, designed to make available Korea’s rural villages, houses, classic Korean cottages, and houses with gardens on the outskirts of cities for tourists’ stay.Rep. Kim Kwang-lim of the ruling Saenuri Party, hailing from A…
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Entrepreneur-turned-professor Ahn Cheol-soo has officially thrown his hat into the ring, making the upcoming Dec. 19 presidential election a three-way race with the ruling Saenuri Party’s Park Geun-hye and opposition Democratic United Party (DUP)’s Moon Jae-in. Ahn declared in a news conference in…
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The Seoul National University’ s Advanced Center for Administrative Development Alumni (SNU-ACADA) hosted this year’ s fourth breakfast forum on state affairs at the Lotte Hotel in downtown Seoul on June 9 in which Japanese Ambassador to Korea Masatoshi Muto lectured. The forum was the latest part…
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D irector-General Park Min-woo for construction policy at the Ministry of Land, Transport and Maritime Affairs said in an interview with NewsWorld, “The government strategies to help Korean builders explore new construction markets overseas including Central and South America, Central A…
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During the 1997 Asian Financial Crisis, the Korea Deposit Insurance Corp. (KDIC)’s adoption of blanket coverage restored the public’ s confidence in the financial system. The integration of deposit insurers which has previously been scattered in different financial sectors into one organization en…
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Dir.-Gen. Choi Sang-mok of the Economic Policy Bureau at the Ministry of Strategy and Finance said in an interview with NewsWorld, “The government plans to pursue the thorough management of economic risks and build stability into each sector in times of a prolonged and constant crisis from a big-pi…
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Question: One hundred days have passed since you took office as the PPS administrator. How do you feel?Answer: I once thought of PPS as just a government agency for procuring goods and services the government and public organizations need. I, after 100 days in office as PPS administrator as of Aug. …
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Chairman Kim Ki-moon of Korea Federation of Small and Medium Business (KBIZ) poses with President & CEO Mohammad Ali Rashed Lootah of Dubai Chambers after they discussed ways of promoting exchanges and cooperation at Dubai Chambers on Feb. 7. (Ph…
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Amorepacific Group logged 4,259.9 billion won in sales and 249.3 billion won in operating profit last year. The figures represent a 5.9 percent year-on-year rise and a 64 percent year-on-year jump compared to 2023. The high growth rate of t…
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A view of the redesigned Genesis GV60 whose sale was launched in Korea on March 6. (Photo: Hyundai Motor)Sales of the redesigned Genesis GV60 in Korea started on March 6, showcasing more power and state-of-the-art luxury features.It’s the first time…
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A view of “Bibigo Yugjeubgadeug Mandu,” stuffed with chunks of meat and vegetables, and products of the instant rice brand “Hetbahn Sotbahn,” released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang released “Bibigo Yugjeubgadeug Mandu…
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