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“We strive to do our utmost to carry out port policies designed to raise the nation’s overseas standing by continuously developing ports as a national basic infrastructure and transforming them into strategic centers for national economic development,” said Kim Jin-sook, director general for the …
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The Ministry of Culture, Sports and Tourism (MCST) has implemented diverse activities to enhance public concern over book reading in celebration of the designation of the National Year of Reading 2012. A survey on public book reading, conducted recently by the MCST, showed that people’s rate o…
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Financial regulators have allowed the listing of government bond leveraged exchange-traded funds (ETFs), which would have the investment effect of extending the maturity to 20 years with twice as much price fluctuations, thus diversifying the Korean ETF market. The regulators also announced tha…
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E ach government’s recovery from the 2008 global financial crisis through active fiscal policies and the latest European debt crisis have reawakened the significance of national fiscal policies and sustainability, said Joo Young-jin, chief of the National Assembly Budget Office (NABO).“In Korea, t…
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Park Jong-rok, president of Ulsan Port Authority (UPA), was presented with the Presidential Award during the 38th Korea National Quality Award Convention that took place at COEX in southern Seoul on Nov. 21.UPA has been credited with making sustainable and innovative efforts such as the establishmen…
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Korea Credit Guarantee Fund (KODIT) won the 2012 Customer Satisfaction Grand Award in recognition of the success of its policies geared toward providing satisfactory services to its customers on a continuous basis for the past several years at the 38th Korea National Quality Award Convention.Chairma…
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The 38th Korea National Quality Award Convention took place at COEX in southern Seoul on Nov. 21 to evaluate the quality management practices of the industrial community and to renew their determination to ensure global standard quality management.Hosted and organized by the Korean Agency for Techno…
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The Ministry for Food, Agriculture, Forestry and Fisheries (MIFAFF) is going ahead with an ambitious scheme to create a National Food Cluster, “Foodpolis”, in an area of 2.32 million square meters in Iksan, Jeollabuk-do by 2015.Foodpolis which is similar to California’s Silicon Valley for IT, wil…
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P resident Lee Myung-bak attended a reception hosted by the Korea Chamber of Commerce and Industry on Oct. 30 to celebrate the Green Climate Fund (GCF) decision to locate its head office in Songdo, Incheon, Korea’s selection to be a director nation of the U.N. Security Council, the launching of the…
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The Saenuri Party's candidate Park Geun-hye will square off against opposition Democratic Unified Party candidate Moon Jae-in in the upcoming Dec. 19 presidential election, as independent candidate Ahn Cheol-soo quit the race on Nov. 23. He told a news conference he decided to quit the race after la…
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LG Chem CEO and Vice Chmn. Shin Hak-cheol and Sinopec Chmn. Hou Qijun applaud as both sides signed a deal to jointly develop core materials of the sodium-ion battery at LG Twin Tower in Yeouido, Seoul, Oct. 30. (Photo: LG Chem)LG Chem is joining forc…
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Vice Chairman & CEO Kim Jung-soo of Samyang Foods. (Photos: Samyang Foods)Samyang Foods, once a Korean ramen pioneer and legend, is making a splash in the global ramen market with Buldak Ramen, a spicy ramen brand. Buldak Ramen has establish…
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Dignitaries, including Chmn. Shin Dong-bin of Lotte Group and Indonesian President Prabowo Subianto, applaud as they participated in a ceremony to dedicate a petrochemical plant, dubbed “Lotte Chemical New Ethylene (LINE),” in Cilegon on the island…
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Chairman & CEO Choi Jin-shik of the Federation of Middle Market Enterprises of Korea (FOMEK), Minister for Trade Yeo Han-koo and Malaysian Amb. to Korea Dato' Mohd Zamruni bin Khalid pose with other attendees at speaking at “2025 MME Internation…
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