CEOs and executives of global companies participate in an event, part of the Foreign Investment Week 2016 that took place in Seoul from Sept. 27 through Sept. 29.KOTRA President Kim Jae-hong gives a speech at an event of the Foreign Investment Week 2016. (Photos: KOTRA)Minister Joo Hyung-hwan of the…

During the final day of the parliament’s audit of the Ministry of Strategy and Finance (MOSF), ruling and opposition lawmakers have unanimously sounded an alarm over a potential crisis in the national economy.  Members of the National Assembly Strategy and Finance Committee urged the govern…

Chairman Chang Byoung-wan of the National Assembly Trade, Industry and Energy Committee Chairman Chang Byoung-wan of the National Assembly Trade, Industry and Energy Committee said, “We need to have an in-depth look at nurturing new industries as future growth engines.” The following are excerpts…

Administrator Shin Won-sup of the Korea Forest Service (KFS). The Korea Forest Service (KFS) is hitting the accelerator to expand overseas plantations to secure a long-term timber supply. Figures released by the KFS showed that Korea has managed to plant 399,068 ha in 14 countries, which is 475 ti…

Chairman Yim Jong-yong of the Financial Services Commission Chairman Yim Jong-yong of the Financial Services Commission said on Oct. 18 that DTI regulations will not be applied to collective borrowings, and the FSC has no intention to strengthen the DTI standards currently set at 60 percent of annu…

Executive Vice President Min Min-hong, head of the International Tourism Strategy Division at the Korea Tourism Organization (KTO) speaks at the 2016 Hangzhou Korea MICE & Culture Festival sponsored by the KTO at the Hangzhou Garden Hotel on May 20.Participants of the 2016 Rotary International S…

EUMC Director Kim Seung-cheol, concurrently vice president of Ewha Womans University; shakes hands with Director Enkhtur Shonkhuuz of the National Center for Maternal and Child Health (NCMCH) of Mongolia after signing an MOU involving remote medical services at EUMC in Seoul. (Photo: EUMC) The Ewha…

Global leaders, including Korean President Park Geun-hye, pose for a group photo while attending the G20 Summit held in Hangzhou, China from Sept. 4 to 5. After attending the G20 Summit in Hangzhou, China, President Park Geun-hye arrived in Vientiane, Laos, on Sept. 6, to attend ASEAN-related summi…

Saenuri Chairman Lee Jung-hyun delivers a speech as one of the heads of parliamentary negotiating bodies on Sept. 5. (Photo: Saenuri Party) Chairman Lee Jung-hyun of the Saenuri Party proposed a political alliance between the ruling party and Honam (Jeolla provinces), a bastion of former president …