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Seo Kwang-hyun, administrator of the KoreanAgency for Technology and Standards (KATS)Korea now ranks 10th in the world in terms of international standardization activities as of 2012. The nation has set its sights on joining the ranks of the global top seven in terms of international standardization…
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The Health and Welfare Committee of the National Assembly approved a plan to provide free childcare education to children under two years old by raising the education budget by 2 trillion won. But Minister Rim Che-min of the Ministry of Health and Welfare opposed the plan since the National Assembly…
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The ruling Saenuri Party’s candidate Park Geun-hye has been elected South Korea’s first female president. Her victory has a special poignancy because she returns to the presidential mansion, Cheong Wa Dae, as president, where she left 33 years ago after her father, the late president Park Chung-he…
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“We strive to do our utmost to carry out port policies designed to raise the nation’s overseas standing by continuously developing ports as a national basic infrastructure and transforming them into strategic centers for national economic development,” said Kim Jin-sook, director general for the …
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The Ministry of Culture, Sports and Tourism (MCST) has implemented diverse activities to enhance public concern over book reading in celebration of the designation of the National Year of Reading 2012. A survey on public book reading, conducted recently by the MCST, showed that people’s rate o…
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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…
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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…
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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…
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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…
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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…
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Vice Chairman & CEO Kim Jung-soo of Samyang Foods. (Photo: Samyang Foods)Samyang Foods saws sales surpass 2 trillion won in sales for the first time since its founding. It came two years after the company posted 1 trillion won in sales in 2023.&n…
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Chmn. Koo Ja-kyun of LS ELECTRIC. (Photo: LS ELECTRIC)Seven subsidiaries of LS Group, including LS ELECTRIC and LS MnM, participated in InterBattery 2026 at COEX in Gangnam-gu, Seoul, from March 11 to March 13 and demonstrated their future strategy b…
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LG Electronics unveils its comprehensive heating, ventilation and air conditioning (HVAC) portfolio at Mostra Convegno Expocomfort (MCE) 2026, which took place in Milan, Italy, from March 24-27. (Photo: LG Electronics)LG Electronics (LG) is showcasin…
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Chairman Cho Won-tae of Hanjin Business Group delivers his commemorative speech at a ceremony to celebrate the 57th anniversary of Korean Air’s founding on March 3.Chairman Cho Won-tae of Hanjin Business Group delivered his commemorative speech at a…
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