President Park Geun-hye urged Japan on March 1 to face up to history and be more responsible for its past wrongdoing if it is to lead the era of Northeast Asia in tandem with Korea.She participated in the 94th Independence Movement Day commemoration ceremony held in the morning of that day at the Se

The total asset of the National Pension Fund broke the 400 trillion won mark in 25 years and one month after the establishment of the fund back in January 1988 in accordance with the National Pension Act.According to the National Pension Service, the asset had exceeded 300 trillion won in July 2010

“I, as the President of the Republic of Korea, will satisfy the will of the people in striving for economic revival, cultural prosperity and the wellbeing of the nation,” said President Park Geun-hye on February 25 at her inauguration ceremony, adding, “I’ll dedicate my all to your happiness.”The in

“President-elect Park Geun-hye has frequently mentioned price stabilization in the interest of people’s livelihood, causing many in the foreign exchange market to forecast a drop in the won-dollar rate, but I guess that the market will be seeking its direction anew from today on,” said Korea Exchang

It has been found that over 60% of South Koreans are in favor of nuclear armament against the North.Gallup Korea conducted a public survey between February 13 and 15 regarding how threatening North Korea’s recent nuclear test is for the peace in the Korean peninsula. A total of 1,006 persons, all of

China reconfirmed its stance that the United Nations Security Council’s additional sanctions on North Korea for the third nuclear test should not compromise the peace and stability in the Korean peninsula. With Chinese news channels insisting on an appropriate level of sanctions as well instead of t

On February 17, President-elect Park Geun-hye nominated Hyun Oh-suk, head of the Korea Development Institute, as the Deputy Prime Minister for Economic Affairs and Minister of Strategy and Finance and picked out persons to be in charge of 10 more ministries during her term. She had announced nominee

The Korean government is going to add the IT services to the list of business categories for the individuation-type Foreign Investment Zone (FIZ). And it is expected that the requirements for foreign-capital invested companies’ free contract for national or public land will be tougher to keep over

North Korea’s Korean Central Television (KCTV) officially announced that the country succeeded in its third nuclear test on February 12 at an underground test site located in the northern region.“The test was completely safe and perfect even though the explosive power of the atomic bomb, reduced in

The Ministry of Health and Welfare has involved in establishing and revising related laws and regulations to improve the medical environment for foreign patients while easing the regulations on the medical tour market and support the marketing efforts. Jung Ho-won, the Director of Health Services Bu

President-elect Park Geun-hye came up with various pledges during her campaign, one of the most controversial being economic democratization. This was a key phrase on which the ruling and opposition parties demonstrated a sharp conflict of opinion during the election campaign. She tabled the seemin

Supreme Prosecutor’s Office International Cooperation Agency (Head: Park Kyung-Chun) announced that the former vice-president of Geopyung Na Sun-ju who caused 400 billion won of damages to the company by loan scams and frauds and fled to US 14 years ago will be prosecuted after he voluntarily enters

The floor leader of Saenuri Party Lee Hahn-koo is dispatched to　U.S special envoy. Lee Hahn-koo is classed as the representative of Economics of Korea and from this aspect, the special envoy nomination is very unusual which may show president-elect Park's courtesy as 'Blood Alliance Nation' towards

The government plans to apply big data analytics to space information as a core source of future national competitiveness. It will also develop next-generation, all-weather, ultra-light unmanned aerial vehicle and satellite technologies to be used exclusively for space information purposes as part o

Lee Hyun-dong, the Director of the National Tax Service of Korea met Bui Van Nam, the Director of the National Tax Service of Vietnam in 22nd of January, 2013 at National Tax Office located in Jongno-gu. Both Directors exchanged opinions and experiences on “Transfer Pricing and Current State of Viet

The Korea Rail Network Authority (KRNA) is a state-owned enterprise (SOE) established for the construction and management of railroad facilities, contribution to the convenience of the people using trains and acceleration of the growth of the national economy.Since chairman & CEO Kim Kwang-jae took

Angola is emerging as a land of opportunities. Having more than 20 million population, the African nation is pursuing social and economic development by making use of its abundant natural resources such as crude oil, diamond and iron ore while increasing its political and diplomatic presence in the

Economic democratization is becoming a hot-button issue ahead of the presidential election scheduled for December this year. The debate, which began as discussions regarding wealth divide and jobless growth, is expanding to chaebol reform and chaebol bashing. In this context, Kyungpook National Uni

A very close contest is occurring between the ruling and opposition groups ahead of the presidential election scheduled for December 19. A series of public polls have shown that neither is superior to the other in terms of support. Approximately 37% of voters are giving unwavering support to the ru

The guidelines were signed between defense ministers from the two nations via letters in 1979 and have been maintained for 33 years, with the first revision being made in 2001.Under the 2001 revision, South Korea’s missile capability is constrained to 300km in range and 500kg in payload. Furthermore