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

Choi Sang-mok, who heads the Economic Policy Bureau of the Ministry of Strategy Finance, recently explained the government’s economic management plans for the latter half of this year, adding that its basic policy line has not changed from H1. His statement reveals that the government will not stimu

The West Sea is turning into a new arena of competition between the U.S., China and Japan. China plans to launch its first aircraft carrier in August, while Japan is mulling the deployment of Aegis destroyers near the West Sea. The U.S. is willing to dispatch its own aircraft carriers to the West Se

South Korea is participating in several military exercises, some overlapping and involving other countries including the United States and Japan. U.S. and Japanese naval forces have joined their counterparts from South Korea for a two-day exercise in international waters south of Jeju island.North K

The Busan-Jinhae Free Economic Zone Authority (commissioner Ha Myeng-keun) signed a three-party MOU on March 12 with Superconductor Co., Ltd of Korea and Huzhou Fengtai Stainless Steel Pipes of China. The purpose is to build a 33,000m2 plant in the Hwajeon Industrial Park of the BJFEZ. According to

A thin, weak woman has sparked international attention to the human rights of North Korean defectors. As news was made public that Chinese authorities will forcibly repatriate 31 North Korean defectors arrested by Chinese police in the northeastern Chinese city of Shenyang, Rep. Park Sun-young of t

Samcheok City is very busy in building the infrastructure to be an energy hub in the North-east Asia while carrying out the “Comprehensive Future Plan for Vision 2020 of Samchoek.” At the center of such a driving has been the mayor Kim Dae-soo. Since taking the office as the 4th mayor elected by po

With the upcoming general election scheduled for April 11, each political party is clamoring for economic democratization. The ruling New Frontier Party (NFP) held a national committee meeting on February 13 to announce its new policy planks stipulating the notion. Park Geun-hye, who is heading its

On February 22, one day after the Korean government announced that the KORUS FTA would take effect March 15, President Lee Myung-bak criticized opposition leaders, including Democratic United Party (DUP) leader Han Myeong-sook, for their flip-flop stance in regards to trade agreement and Jeju naval

The Republic of Kazakhstan declared its independence from the Soviet Union on December 16, 1991. January 28, 2012 marks the 20th anniversary of diplomatic relations between the Republic of Kazakhstan and the Republic of Korea. Today, the bilateral relationship between the two countries is closer tha

Icheon City, showing top-notch administrative efficiency in local government assessment, has established and implemented people-oriented policies such as enhancing an around-the-clock medical system and holding festivals to raise region-reputation. At the hub of such performances and policies is May

The ruling party, which suffered a crushing defeat at the recent Seoul Mayoral By-election, has been driven into a corner since it railroaded the KORUS FTA ratification bill. It is now trying to break the deadlock by suggesting a series of aggressive welfare measures, such as a three trillion won i