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…

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…

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. …

The ruling Saenuri Party has elected Rep. Park Geun-hye, 60, ex-Saenuri Party Emergency Committee chairperson, as its nominee to run for the Dec. 19 presidential election.The five-term lawmaker won a landslide victory in the party primary at KINTEX in Ilsan, north of Seoul, by garnering a tremendous…

ayor Jin Ik-chul of Seocho City in Seoul, who is in the second year of his four-year term, said the major aim of his administration of the city is to further improve the city’s pleasant surroundings and uphold Seocho’s glory in order to retain the top honors in the Happiness Index among the 25 dis…

The Korean government is aggressively spearheading its bid to promote e-Government exports by signing MOUs with strategic countries, holding high-level government officials’  meetings, and publicizing abroad the strengths of Korea’ s e-Government systems, said Chang Kwang-soo, deputy minister…

The second Wednesday of July every year has been designated “Information Security Day” to preempt cyberspace attacks and to enhance public awareness toward information security. Diverse events took place to mark July as the Month of Information Security.The Korea Communications Commission (KCC), t…

Deputy Minister Park Sang-woo for Housing and Land at the Ministry of Land, Transport and Maritime Affairs said the government has been doing all it can to invigorate the housing market in an effort to reinvigorate construction around the country. The government measures to boost the housing market …

The Korea Intellectual Property Office (KIPO) proposed an initiative to relieve the IP divide between advanced and developing countries and made public its intention to act as a bridge between the two sides at the recent meeting of the IP5 Heads Meeting, held in France from June 4 to 6, 2012, KIPO C…