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Unification Ministry spokesman Kim Hyung-seok announces South and North Koreas’ agreeing to the reopening of the Gaeseong Industrial Complex in North Korea, shut down by North Korea unilaterally. (photos:MOU) South and North Korea agreed on Aug. 14 to normalize the Gaeseong In…
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Dir. Gen. Kwon Byung-yoon of the Road Bureau at the Ministry of Land, Infrastructure and Transport. The Ministry of Land, Infrastructure and Transport (MOLIT) is seeking to introduce the next-generation Cooperative-ITS, designed to optimize road utilization and dramatically reduce traffic…
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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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President Kim Kyung-hwan of Korea Housing-Finance Corporation (HF). (Photos: HF)Korea Housing-Finance Corporation (HF) announced on June 12 that it held a business guarantee briefing jointly with the Korea Housing Association at the Construction Hall…
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President Jung Sang-hyuk of Shinhan Bank.Shinhan Bank held the 4th K-Global Leap Forward Win-Win Forum to support Korean companies’ entry into the U.S. Market, jointly with the Ministry of SMEs and Startups and the Korea Chamber of Commerce and Indu…
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President Lee Hwan-joo of KB Kookmin Bank. (Photos: KB Kookmin Bank)KB Kookmin Bank announced that it has introduced a Braille service to the main menus of its personal internet banking to improve financial accessibility for the visually impaired and…
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President Lee Ho-sung of Hana Bank. (Photos: Hana Bank)Hana Bank announced in late May that it will launch the “Long Live the Republic of Korea Installment Savings Account” for national merit recipients and military and public service members on Ju…
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