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Press Releases

New government approves first EDCF of US $146 million
[ Ministry of Strategy and Finance ]
May 14, 2013
The Ministry of Strategy and Finance will utilize US $146 million of the Economic Development Cooperation Fund (EDCF)* for Indonesia and the Philippines in the form of low-interest rate loans. US$50 million will be used to help construct sewage systems in Batam, Indonesia, and US...
Recall Harley-Davidson motorcycles for exceeding permit...
[ Ministry of Environment ]
May 14, 2013
The Ministry of Environment (MOE) announced on the 13th that the importer of Harley-Davidson motorcycles, Kiheung Motors Ltd., will recall some models after finding out a defect in noise-reducing function of those motorcycles.   A total of 16 models including Harley-David...
Foreign Minister and Prince Sultan, President of the Su...
[ Ministry of Foreign Affairs ]
May 14, 2013
1. Foreign Minister Yun Byung-se met with H.R.H. Prince Sultan bin Salman bin Abdulaziz Al-Saud, President the Supreme Saudi Commission for Tourism and Antiquities of Saudi Arabia, on the evening of May 13. In the meeting, the two sides noted with satisfaction that the 50th anniv...
Second Vice Foreign Minister Discusses Ways to Maintain...
[ Ministry of Foreign Affairs ]
May 14, 2013
1. On the morning of May 14, Second Vice Foreign Minister Cho Tae-yul met with Bahrain’s Interior Minister HE Sheikh Rashed bin Abdullah al-Khalifa, who is on an official visit to the Republic of Korea from May 12 through 16 at the invitation of the Foreign Ministry. In the meeti...
“Splendid lanterns shine throughout”
[ Busan Metropolitan Government ]
May 13, 2013
To celebrate Buddha’s birthday on May 17, splendid lotus lanterns will float all across Busan. Lanterns symbolize the celebration of Buddha’s birth, and those for the event will be created in the shape of lotus flowers. This is a chance to get a glimpse of Korea’s deep-rooted Bud...
UN High Commissioner for Refugees to Visit the ROK
[ Ministry of Foreign Affairs ]
May 13, 2013
1. United Nations High Commissioner for Refugees (UNHCR) and former Prime Minister of Portugal Antonio Guterres will visit the Republic of Korea on May 14-15. During his visit, he will pay courtesy calls on Foreign Minister Yun Byung-se and Justice Minister Hwang Kyo-ahn and atte...
MOTIE Releases Car Sales Figures for April
[ Ministry of Trade, Industry and Energy ]
May 13, 2013
The Ministry of Trade, Industry and Energy has released its car sales figures for April. Despite more working days last month, the nation’s car production declined 2.5 percent year on year to 386,446 vehicles due to reduced working hours and sluggish export growth. The introducti...
6th Fiscal Management Meeting
[ Ministry of Strategy and Finance ]
May 13, 2013
Vice Minister of Strategy and Finance Lee Suk-Joon hosted the 6th Fiscal Management Meeting, which looked into fiscal expenditure performance at the end of April, and discussed fiscal expenditure management directions. Vice Minister Lee noted that the Korean economy continues to ...
1st Public-Private Partnership Meeting in 2013
[ Ministry of Strategy and Finance ]
May 13, 2013
The 1st Public-Private Partnership Meeting* was held on May 10, chaired by Vice Minister of Strategy and Finance Lee Suk-jun. Revised plans for privately funded public projects were passed at the meeting, along with the revised agreement on the sewage treatment system constructio...
IT Trade Figures for April
[ Ministry of Trade, Industry and Energy ]
May 10, 2013
The Ministry of Trade, Industry and Energy has released its IT trade figures for April. Korea posted a $7.35 billion trade surplus in the information technology sector, marking the eighth straight month of gains thanks to solid performances by major IT categories. IT%20Trade%...