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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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Joseph Ho, managing director and head of exchange-traded funds (ETFs) for the Asia-Pacific region at Credit Suisse, said despite a rush of leverage and inverse ETFs, it is positive for the Korean ETF market to successfully attract investors with a rise in fluidity, but market access needs to be upgr…
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The Exchange Traded Fund (ETF) market celebrates the 10th year since its launching in October 2002 at the Korea Exchange, providing a stable demand base and low-cost dispersed investment means for investors, President and COO Kim Jin-gyu of the KOSPI Market Division at the Korea Exchange said …
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The government has steps in place to advance Korean logistics firms into global top 10 companies by 2020. In this regard, the Ministry of Land, Transport and Maritime Affairs (MLTM) has designated six companies °™Pantos Logistics, CJ GLS, Sinokor Merchant Marine Co., Hanjin, Hyundai Glovis, and Hy…
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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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Chmn. Han Seung-gu of the Federation of Construction Associations (FCA) delivers a speech at the 2026 New Year’s gathering for organizations related to the construction industry on Jan. 14. The Federation of Construction Associations (FCA) held…
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President Oh Se-chul of Samsung C&T Engineering & Construction Group attends a signing ceremony for Samsung C&T’s Marinus Link HVDC project in Australia. Samsung C&T Engineering & Construction (E&C) Group has secured a 4…
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POSCO E&C President Song Chi-young. (Photos: POSCO E&C)POSCO E&C has successfully verified a remotely controlled excavator for the first time in Korea, further advancing unmanned construction sites and smart construction transformation.&n…
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Chairman Jung Won-ju of Daewoo E&C delivers a commemorative speech at a groundbreaking ceremony for the Jangseong Fine Datacenter at the publicity pavilion at the Gwangju Research Development Special Zone in Nam-myeon, Jangseong-gun, Jeollanam-do…
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