Controversy over the revision of the Sejong City Project is unlikely to stop for the time being. In January, Prime Minister Chung Un-chan announced a revised master plan for the development of Sejong City following two months of discussions by the Joint Committee. The Lee Myung-bak Administration la

President Lee Myung-bak joined the UN Climate Change Conference in Copenhagen held for 13 days from December 7 to December 19. He joined the conference on the 16th and delivered his keynote speech, entitled “Taking Action Together” on the 17th. He also made public Korea’s offer to host the 2012 clim

President Lee Myung-bak joined the UN Climate Change Conference in Copenhagen held for 13 days from December 7 to December 19. He joined the conference on the 16th and delivered his keynote speech, entitled “Taking Action Together” on the 17th. He also made public Korea's offer to host the 2012

U.S. President, Barack Obama visited Korea for the first time since taking office, for two days from November 18 to 19 during his visit to four Asian countries - Japan, Singapore, China and Korea. His visit to Asia was expected to become a key test of his foreign policy towards Asia. Obama is facing

KOREA Investment Corporation (KIC) was launched in 2005 under the KIC Act with the aim of enhancing sovereign wealth and contributing to the development of the domestic financial industry. KIC is a pubic organization that is wholly mandated to manage assets entrusted by the Government and the Bank o

SEJONG Special Autonomous City (Sejong City) was originally designed as a new administrative city with aims toward decentralization and more balanced local development by the late President Roh Muhyun. Based on the Special Act for Construction of the Multifunctional Administrative City enforced from

KOREA University Business School (KUBS) runs five different MBA programs, the most number of programs offered among all business schools in Korea, and reflecting the various needs of students in today’s fast changing business environment.The school’s MBA program was the first in Korea to be accredit

THE “Four Rivers Restoration Project” which is considered as the biggest national project in the country’s history, investing more than 22.2 trillion won and scheduled to be completed by 2012, is now accelerating. The government unveiled a master plan for 16 reservoirs and weirs in late October of t

SOME Korean companies are turning their brands into global brands in overseas markets. However, Korea’s national brand is not, despite the nation being the world’s 13th largest economy in terms of GDP in 2007.Furthermore, Korea ranks 11th in the world trade sector, and first in the Digital Opportuni

THE 21.4-km-long Incheon Bridge connecting Songdo International City and Incheon International Airport opened on October 19, 2009. As a core infrastructure facility of the Incheon FEZ, it is a sea expressway connecting the air logistics of Incheon International Airport and the marine logistics of In

Jeju Global Education City, a major project of the Jeju Free International City Development Center (JDC), is a national project of the Korean Government to enhance Korea’s competitiveness by providing Korean and foreign students with excellent educational programs and systems. The beautiful southern

KOREA finally widened its road to India, which ranks second in the world in terms of population and 12th in the world in terms of gross domestic product (GDP). A major emerging market with great growth potential, India also possesses the fourth strongest purchasing power. The National Assembly of Ko

THE Korea Local Finance Association (KLFA) is Korea’s only mutual-aid organization whose members are local autonomy units. Its main areas of businesses are the recovery of disaster-stricken assets of its members, to repair and improve public offices, to use mutual aid for members’ compensation, to m

KAIST Business School has been the leading Korean business school for the past 14 years since it was first introduced in 1996, and is now attempting to become the number one in northeast Asia. KAIST Business School was the first school in Korea to introduce a full time MBA course and in 2003 was acc

The following are excerpts of an interview between BusinessKorea and Yoon Jeung-hyun, Minister of Strategy and Finance, who managed the Korea financial crisis.Q. What policy efforts have the Korean government taken since the Lehman Bros collapse to ensure the nation gets back on, the path to prosper

The new cabinet to lead the middle stage of President Lee Myung-bak’s administration has been formed. Jung Un-chan, formerly President of Seoul National University, was confirmed by the National Assembly as the second prime minister and has been named six minister positions in the Ministry of Knowl

Korea is to hold the most remarkable diplomatic event in its history. Korea is to host the November 2010 G20 economic summit. President Lee Myung-Bak and Canadian Prime Minister Stephen Harper made the announcement during a joint press conference on September 25. Canada is to co-host a meeting in J