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Some weeks ahead of the presidential election in Dec. 19, a controversy is flaring up over the much-touted bid toward “democratization of economy.” Major candidates use the motto to woo support from voters in the run-up to the presidential poll.Rep. Moon Jae-in of the opposition Democratic U…
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The following is a congratulatory message contributed to NewsWorld by the Ambassador of the Kingdom of Saudi Arabia H.E. Ahmad Y. Al-Barrak on the occasion of the 82nd National Day of the Kingdom of Saudi Arabia °™ Ed.The 82nd celebration of the National Day of the Kingdom of Saudi Arabia fo…
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The Seoul Metropolitan Government (SMG) plans to draw up a long-term master plan to make Seoul safer from natural disasters and sexual attacks. The SMG has decided to draw up a master plan for preventing the occurrence of all accidents ranging from natural disasters to guard rail falls and safe…
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Dir.-Gen Koo Bon-hwan of Railroad Policy of the Ministry of Land, Transport and Maritime Affairs (MLTM) said the introduction of free competition in the railroad industry in Korea is a “must needed” policy to boost the competitive strength of the industry, breaking down the monopoly in the r…
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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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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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