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The Seoul Metropolitan Government (SMG) plans to draw up a long-term master plan to make Seoul safer from natural disasters and sexual attacks. The SMG has decided to draw up a master plan for preventing the occurrence of all accidents ranging from natural disasters to guard rail falls and safe…
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Dir.-Gen Koo Bon-hwan of Railroad Policy of the Ministry of Land, Transport and Maritime Affairs (MLTM) said the introduction of free competition in the railroad industry in Korea is a “must needed” policy to boost the competitive strength of the industry, breaking down the monopoly in the r…
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The 113th Railroad Day was observed in a ceremony on Sept. 18 at the Korea Railroad Twin Tower in Sojae-dong, Daejeon, attended by some 700 people from related industries and companies hosted by the Korea Railroad Corp.Among the dignitaries present at the ceremony included Vice Minister Joo Seong-ho…
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The government has announced a strategic plan to proliferate IT convergence to automobiles and four other key industries as well as food, education and three other service industries that will have a production induction effect of 46 trillion won and will create 230,000 jobs by 2017.Kim Jae-hong, de…
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The National Treasury Research Forum, co-chaired by Rep. Na Seong-lin of the ruling Saenuri Party and Rep. Lee Yong-sup of the opposition Democratic United Party, was held on Sept. 12 under the theme, “The Derivatives Transaction Tax Impact on Capital Market and Treasury Income,” attracting some 3…
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Korea is seeking to inaugurate Gite Korea, the Korean version of Gites de France, designed to make available Korea’s rural villages, houses, classic Korean cottages, and houses with gardens on the outskirts of cities for tourists’ stay.Rep. Kim Kwang-lim of the ruling Saenuri Party, hailing from A…
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Entrepreneur-turned-professor Ahn Cheol-soo has officially thrown his hat into the ring, making the upcoming Dec. 19 presidential election a three-way race with the ruling Saenuri Party’s Park Geun-hye and opposition Democratic United Party (DUP)’s Moon Jae-in. Ahn declared in a news conference in…
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The Seoul National University’ s Advanced Center for Administrative Development Alumni (SNU-ACADA) hosted this year’ s fourth breakfast forum on state affairs at the Lotte Hotel in downtown Seoul on June 9 in which Japanese Ambassador to Korea Masatoshi Muto lectured. The forum was the latest part…
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D irector-General Park Min-woo for construction policy at the Ministry of Land, Transport and Maritime Affairs said in an interview with NewsWorld, “The government strategies to help Korean builders explore new construction markets overseas including Central and South America, Central A…
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During the 1997 Asian Financial Crisis, the Korea Deposit Insurance Corp. (KDIC)’s adoption of blanket coverage restored the public’ s confidence in the financial system. The integration of deposit insurers which has previously been scattered in different financial sectors into one organization en…
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On May 27, Shinhan Bank President Jung Sang-hyuk poses for a photo with KBO Commissioner Heo Gu-yeon after signing an agreement at KBO Hall in Gangnam-gu, Seoul. (Photo : Shinhan Bank)Shinhan Bank announced on June 12 that it has launched the “Succe…
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Yang Jong-hee, chairman of KB Financial Group pose for a commemorative photo with Yoon In-dae, deputy minister of economy and finance at the Value-Up Company Awards in Seoul, on May 27. (Photo : KB Financial Group)KB Financial Group received the Exce…
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Yim Jong-yong, chairman of Woori Financial Group, poses for a photo with the first-place team at Woori Financial Dream Round held at Seowon Valley Country Club in Paju, Gyeonggi-do on April 22. (Photo : Woori Financial Group)Woori Financial Group’s …
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On May 30, Lee Chan-woo, chairman of NongHyup Financial Group poses for a photo with Park Il-young, president of Korea Investment Corporation after inking an agreement on a joint investment in overseas private equity funds at NongHyup Financial Group…
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