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Gov't grants multiple entry visas for overseas plant or...
May 06, 2010
The government is joining efforts to assist Korean businesses to attract more contracts for overseas plant construction. The Ministry of Justice announced last Monday (Apr. 25) that it decided to issue 2-year multiple entry visas for public officials and businesspeople of the c...

Q1 economic growth highest in 7 years
May 06, 2010
Korea’s economic growth in the first quarter stood at 7.8 percent, the highest in almost a decade, the government announced on Apr. 27.The national economic recovery seems to have gained more ground over the first three months, helped by balanced growth in public and private sect...

Saemangeum Seawall: road to economic boom
May 03, 2010
On April 27, the construction project on Saemangeum, the world’s longest seawall (33km) was completed and opened to the public. The massive dike took about twenty years to finally be sealed.  It links Gunsan City and Buan County in North Jeolla Province, shortening travel di...

Korea sits on top again in global shipbuilding orders
Apr 30, 2010
Korea has snatched the top spot for global shipbuilding orders in the first quarter of 2010, beating out China. Korea had ranked second in the field in the year 2009.According to the Ministry of Knowledge Economy, new orders commissioned by Korean ship makers in the period cited ...

Gov’t to increase cash assistance for FDI next year
Apr 30, 2010
Cash assistance for foreign direct investment (FDI) will be scaled up starting from next year. A special district for foreign investment specializing in the service industry will be in full operation from September this year. The Ministry of Knowledge Economy announced Sunday (...

JABEZ to invest 120 billion won in Seoul’s Digital Medi...
Apr 22, 2010
A U.S.-based high-tech investment firm, JABEZ International Corporation, will invest about 120 billion won (US$100 million) in the Digital Media City (DMC) in Sangam-dong, Seoul. Seoul City and JABEZ International signed a memorandum of understanding (MOU) to cooperate and join...

Achievements by Seoul City in overseas marketing
Apr 21, 2010
Seoul introduces public marketing concept into administration, taking first step to raise city’s brand awareness The competitiveness of a country stems from that of its city. Also, it is not too much to say that the brand value of a country is formed by that of its city. In that...

Moody’s Investor Service raises Korea’s government bond...
Apr 15, 2010
International credit ratings, research and risk analysis agency Moody’s has raised Korea’s government bond ratings to A1 and this is the first improvement in the last 14 years, since 1996.   The Ministry of Strategy and Finance announced that Moody’s rating committee had h...

Where renewable energy firms cross paths
Apr 09, 2010
At last year’s United Nations Climate Change Conference in Copenhagen, Denmark, plans to build a global green growth research center and host the 18th post-Kyoto climate change conference in 2012 were unveiled by President Lee. Korea’s low-carbon, green growth strategies have sin...

Korea's budgetary soundness ranked 4th among OECD membe...
Mar 31, 2010
In the midst of one of the worst economic crises, governments worldwide took expansionary fiscal measures in 2009. The Korean government also disbursed a massive amount of funds in similar efforts. But the country's budgetary soundness has been favorably assessed, according to a ...