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Korea signs MOUs with 50 countries on nuclear safety re...
Sep 27, 2010
A total of 50 countries in the Middle East and Africa recently signed memoranda of understanding with the Korea Institute of Nuclear Safety (KINS) for the establishment of a nuclear safety regulation system, the advancement of cooperation, and incubation of nuclear specialists.KI...

G20 Seoul International Symposium to be held on Sep.28
Sep 24, 2010
High-profile political figures and international experts will head to Seoul in late September in order to attend the G20 Seoul International Symposium, scheduled to take place on Sep. 28-29 in Samsung-dong, southern Seoul.Attendees of this two-day gathering will have in-depth dis...

Korea-EU free trade pact to take provisional effect nex...
Sep 17, 2010
Korea and the European Union (EU) agreed on Sep.16 that the Korea-EU free trade agreement (FTA) will take provisional effect on July 1 of next year.The Ministry of Foreign Affairs and Trade said on Sep.17 that member states of the EU reached an agreement on the provisional effect...

Banks to expand services for foreigners
Sep 17, 2010
Many banks in Korea are expanding their services to better serve more than 1 million foreigners residing in Korea. Banks are concentrating especially on improving their language services in order to offer high quality services, regardless where their customers hail from.Hana Bank...

World’s largest seabed tunnel completed in Korea
Sep 16, 2010
Geoga Bridge (Photo: Yonhap News)Daewoo Construction announced that it has successfully linked the last section of underwater tunnel for Geoga Bridge in the city of Geoje, Gyeongsangnam-do on Monday, Sept. 13. The Geoga Bridge project is a massive effort to build a direct roadw...

President Lee urges business leaders to pursue "co-grow...
Sep 15, 2010
President Lee Myung-bak asked heads of leading corporations to seek "co-existential growth" with small and medium enterprises (SMEs) in a more genuine way on Sep. 13.Lee urged business leaders to create detailed measures to achieve co-growth with SMEs at a breakfast meeting with ...

Korea releases high-speed electric car
Sep 15, 2010
Korea released its first high-speed electric car, BlueOn, on Sept. 9. This car is only the second of its kind worldwide to be put into mass production. Hyundai Motors Co., the largest automobile maker in the country, showcased their new electric vehicle for the first time at the...

Daegu City establishes Green Growth Ind. Investment Fun...
Sep 09, 2010
Daegu City and Gyeongsanbuk-do signed an MOU for cooperation MOU  to organize 'Green Industry Investment Fund' following the 'Daegu-Gyeongbuk Hope Economy Investment Fund No. 3.'The aim of the 'Green Industry Investment Fund' by the city and the province is to jointly streng...

Daegu-Gyeongbuk Free Economic Zone takes off as global ...
Sep 08, 2010
Daegu-Gyeongbuk Free Economic Zone (DGFEZ), which marks its second anniversary in August, is harvesting substantial achievements owing to the infrastructure facilies thus far created and its investment inducement activities.   With its vision 'Global Knowedge Creation-type...

Korea Eximbank extends $41 million in loans to Bolivia
Sep 01, 2010
Export-Import Bank of Korea (Korea Eximbank) Chairman Kim Dong-su signed a contract last Thursday (Aug. 26) with Bolivia’s Minister of Planning and Development, Viviana Elba Caro Hinojosa, to loan 41 million dollars for the construction of the Banages Bridge. The contract signi...