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The ruling Saenuri Party’s candidate Park Geun-hye has been elected South Korea’s first female president. Her victory has a special poignancy because she returns to the presidential mansion, Cheong Wa Dae, as president, where she left 33 years ago after her father, the late president Park Chung-he…
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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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President Baek Jong-hoon of Kumho Petrochemical, Yeosu Mayor Chung Ki-myung and other dignitaries cut the tap at a ceremony to dedicate a CCUS facility at the first lubber plant of Kumho Petrochemical in the Yeosu National Industrial Complex last Jul…
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President Kim Dong-cheol of Korea Electric Power Corp. (KEPCO) gives a welcoming speech at a ceremony to open “KEPCO Pavilion” at CES 2026 in Las Vegas, the United States, which took place form Jan. 6 to Jan. 9. (Photo: KEPCO) President Kim Do…
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A whole inside view of Korea Power Exchange’s Central Power Control Center. (Photo: KPX)Korea Power Exchange (KPX) plans to launch a “quasi-centrally scheduled load system” in which renewable energies and virtual power plants are used as scheduled…
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Chmn. Park Jeong-won of Doosan Business Group makes an inspection into the worksite of Doosan Enerbility in Changwon, Gyeongsangnam-do, on Feb. 11. (Photo: Doosan Group)In his New Year’s message, Chairman Park Jeong-won of Doosan Group urged his bus…
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