Financial regulators have allowed the listing of government bond leveraged exchange-traded funds (ETFs), which would have the investment effect of extending the maturity to 20 years with twice as much price fluctuations, thus diversifying the Korean ETF market. The regulators also announced tha…

E ach government’s recovery from the 2008 global financial crisis through active fiscal policies and the latest European debt crisis have reawakened the significance of national fiscal policies and sustainability, said Joo Young-jin, chief of the National Assembly Budget Office (NABO).“In Korea, t…

Park Jong-rok, president of Ulsan Port Authority (UPA), was presented with the Presidential Award during the 38th Korea National Quality Award Convention that took place at COEX in southern Seoul on Nov. 21.UPA has been credited with making sustainable and innovative efforts such as the establishmen…

Korea Credit Guarantee Fund (KODIT) won the 2012 Customer Satisfaction Grand Award in recognition of the success of its policies geared toward providing satisfactory services to its customers on a continuous basis for the past several years at the 38th Korea National Quality Award Convention.Chairma…

The 38th Korea National Quality Award Convention took place at COEX in southern Seoul on Nov. 21 to evaluate the quality management practices of the industrial community and to renew their determination to ensure global standard quality management.Hosted and organized by the Korean Agency for Techno…

The Ministry for Food, Agriculture, Forestry and Fisheries (MIFAFF) is going ahead with an ambitious scheme to create a National Food Cluster, “Foodpolis”, in an area of 2.32 million square meters in Iksan, Jeollabuk-do by 2015.Foodpolis which is similar to California’s Silicon Valley for IT, wil…

P resident Lee Myung-bak attended a reception hosted by the Korea Chamber of Commerce and Industry on Oct. 30 to celebrate the Green Climate Fund (GCF) decision to locate its head office in Songdo, Incheon, Korea’s selection to be a director nation of the U.N. Security Council, the launching of the…

The Saenuri Party's candidate Park Geun-hye will square off against opposition Democratic Unified Party candidate Moon Jae-in in the upcoming Dec. 19 presidential election, as independent candidate Ahn Cheol-soo quit the race on Nov. 23. He told a news conference he decided to quit the race after la…

Joseph Ho, managing director and head of exchange-traded funds (ETFs) for the Asia-Pacific region at Credit Suisse, said despite a rush of leverage and inverse ETFs, it is positive for the Korean ETF market to successfully attract investors with a rise in fluidity, but market access needs to be upgr…