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The Health and Welfare Committee of the National Assembly approved a plan to provide free childcare education to children under two years old by raising the education budget by 2 trillion won. But Minister Rim Che-min of the Ministry of Health and Welfare opposed the plan since the National Assembly…
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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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President Lee Jae-myung poses with business leaders from Korea and Chile, including Chmn. Lee Woo-hyun of OCI Holdings, concurrently chairman of the Korean-Chilean Business Cooperation Committee, Chmn. Jang In-hwa of POSCO Holdings, Chmn. Koo Ja-eun …
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LS ELECTRIC Executive Vice President Lee Chung-hee and Steve Nelson, Mayor of Cedar City, pose wit others at a ground-breaking ceremony for the expansion of the company’s key local production hub, LS ELECTRIC Utah Inc., in Cedar City, Utah, on June …
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Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry (KCCI) delivers a speech at an opening session of the 49th Jeju Forum hosted by KCCI on July 15. (Photo: KCCI)Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry (KCC…
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Doosan Group Chairman Park Jung-won presents a sculpture symbolizing Doosan as a souvenir to NVIDIA CEO Jensen Huang on June 7. (Photo: Doosan Group)Doosan Group plans to engage in all-round promotion with Nvidia to explore new opportunities in areas…
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