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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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Vice Minister Son Jae hak of the Ministry of Oceans and FisheriesThe revived Ministry of Oceans and Fisheries (MOF) is pondering what new growth engines it should pursue consistent with the national policy goal of building the creative economy.
MOF Vice Minister Son Jae hak, in his interview with N…
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Shinhan Financial Group Chairman Jin Ok-dong poses for a photo with Japan’s Financial Services Agency Commissioner Yutaka Ito at the Korea-Japan Financial Cooperation Seminar at the Korea Exchange in Seoul, on Aug. 4 and 8. (Photo: Shinhan Financial…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group has entered the global ESG investment index ‘FTSE4Good’ for the 15th consecutive year, reaffirming its global leadership in sustainable management. Th…
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President Jeong Jeong-hoon of Korea Asset Management Corporation (KAMCO) and President Kim Jun-seok of the Korea Maritime Transportation Safety Authority (KOMSA) pose for a group photo after they signed an MOU to remove blind spots in ship financing …
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KDIC President Yoo Jae-hoon poses for a photo with Dominique Laboureix, chair of the SRB), Chairman of the SRB and KDIC Vice President Yoo Dae-il, and others on July 22. (Photo: KDIC)President Yoo Jae-hoon of Korea Deposit Insurance Corporation (KDIC…
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