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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…
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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…
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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…
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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…
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The Exchange Traded Fund (ETF) market celebrates the 10th year since its launching in October 2002 at the Korea Exchange, providing a stable demand base and low-cost dispersed investment means for investors, President and COO Kim Jin-gyu of the KOSPI Market Division at the Korea Exchange said …
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The government has steps in place to advance Korean logistics firms into global top 10 companies by 2020. In this regard, the Ministry of Land, Transport and Maritime Affairs (MLTM) has designated six companies °™Pantos Logistics, CJ GLS, Sinokor Merchant Marine Co., Hanjin, Hyundai Glovis, and Hy…
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Some weeks ahead of the presidential election in Dec. 19, a controversy is flaring up over the much-touted bid toward “democratization of economy.” Major candidates use the motto to woo support from voters in the run-up to the presidential poll.Rep. Moon Jae-in of the opposition Democratic U…
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The following is a congratulatory message contributed to NewsWorld by the Ambassador of the Kingdom of Saudi Arabia H.E. Ahmad Y. Al-Barrak on the occasion of the 82nd National Day of the Kingdom of Saudi Arabia °™ Ed.The 82nd celebration of the National Day of the Kingdom of Saudi Arabia fo…
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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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Mirae Asset Securities Vice Chmn. Kim Mi-seob and Heo Sun-ho. (Photo: Mirae Asset Group)Mirae Asset Securities announced on Aug. 12 that it racked up a consolidated net profit of 1,905.2 billion won in the second quarter of this year, becoming the fi…
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Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group announced on Aug. 25 that it has opened the Gwangju Seo-gu AI & Digital Job Center in Seo-gu, Jeonnam Gwangju Special City to support the enhanceme…
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President & CEO Park Chang-hoon of Shinhan Card. (Photos: Shinhan Card)Shinhan Card has launched the Kakao Bank Chakbut Shinhan Card, a private label credit card (PLCC) featuring trendy, lifestyle-oriented benefits, in collaboration with Kakao Ba…
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Chairman Lee Jae-keun of KB Financial Group. (Photos: KB Financial Group)KB Financial Group operated the Global Demo Day Program in Singapore for two days from Aug. 26 to 27 in collaboration with the KOSME’s K-Startup Center Singapore to support Kor…
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