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Commissioner Lee Won-jae of the Incheon Free Economic Zone Authority, his executives and staffers pose after Lee took office as the sixth commissioner of the Incheon Free Economic Zone Authority on July 10. IFEZ Commissioner Lee Won-jae (Photos: IFEZ)Commissioner Lee Won-jae of the Incheon Free…
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President Lee Chae-kwang of the Korea Housing and Urban Guarantee Corp.(HUG). (Photo: HUG)If a cap on housing sale prices is imposed starting October, newly built apartments in the Seoul area are predicted to fetch nearly half of market prices. Differences between market prices and new apartment sel…
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Commissioner Lee Won-jae of the Incheon Free Economic Zone Authority (Photo: IFEZ)Incheon City is planning to build a massive tourist complex in a hilly coastal area just west of Incheon International Airport after designating it as a free economic zone.According to the Incheon Free Economic Zone Au…
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Minister of Defense Chung Kyung-du shakes hands with U.S. Defense Secretary Mark Esper as they meet for the first time at the Defense Ministry in Seoul on Aug. 9 to reconfirm the crucial importance of the Korea-U.S. security alliance and close cooperation for denuclearization of North Korea. The new…
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Chairman Sohn Kyung-shik of the Korea Enterprises Federation (KEF) (Photo: CJ Group)Chairman Sohn Kyung-shik of the Korea Enterprises Federation (KEF) said, “At the current crisis situation, not only the government and labor should extend a helping hand to companies so that they can take a deep bre…
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Chairman-nominee Eun Sung-soo of the Financial Services Commission.Financial Services Commission (FSC) Chairman-nominee Eun Sung-soo faces a daunting task of minimizing the impact of global trade disputes on the domestic financial market, as he prepares for the parliamentary hearing on his nominatio…
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President Koo Bon-hwan of Incheon International Airport Corp. (Photo: IIAC)The Korean National Railroad was a government enterprise, spin off from the Ministry of Transportation, in September 1963. It had suffered chronic losses caused by lax management, promoting a public call to transform it into …
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President Kwon Pyong-oh of Korea Trade-Investment Promotion Agency (KOTRA).Korea Trade-Investment Promotion Agency (KOTRA) is extending a helping hand to SMEs and middle market enterprises using a combined 16.8 billion won in supplementary budget. KOTRA has set aside 10.8 billion won for an export v…
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Offices from MAFRA and aT hold a strategic meeting designed to expand exports under the New Northern Policy Market initiative at a newly opened aT branch in Vladivostok on July 11. (Photo: aT)The Ministry of Agriculture, Food and Rural Affairs (MAFRA) and Korea Agro-fisheries & Food Trade Corp. …
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President Kim Yong-ik of the National Health Insurance Service (NHIS) speaks at a session to report the outcomes of the 2nd anniversary of the President Moon Jae-in’s Care initiative at the Ilsan Hospital in Goyang on July 2. (Photo: NHIS)A health insurance deliberation committee failed to agree on…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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