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Seoul`s GFCI rose sharply, sits at 28th
Mar 19, 2010
The financial competitiveness of Seoul City was ranked 28th, the highest position it has recorded since being assessed by the Global Financial Centers Index (GFCI), in the latest GFCI report published by the City of London Corp. on March 12. In September of last year, Seoul sat i...

Differentiated economic zones to lead national developm...
Mar 18, 2010
With the aims of developing leading industries, a high-end workforce and social infrastructures for different regions in the country, the government is carrying out the so-called "5+2 regional development plan.""Five plus two" refers to five larger economic zones and two other sp...

Korea's financial soundness is strong: gov't expert
Mar 15, 2010
Concerns mounted around the world when Dubai World, the gulf emirate's largest government-owned company, sought to delay debt payments owing to default risk in November last year.The World Economic Forum pointed out in February through the "Global Risks 2010" report that the glob...

Korea's financial soundness is strong: gov't expert
Mar 15, 2010
Concerns mounted around the world when Dubai World, the gulf emirate's largest government-owned company, sought to delay debt payments owing to default risk in November last year.The World Economic Forum pointed out in February through the "Global Risks 2010" report that the glob...

Economic ripple effects of Korean Wave continue to grow
Mar 03, 2010
The economic value of the Korean Wave or Hallyu is growing every year, according to the Ministry of Culture, Sports and Tourism. The ministry said Hallyu’s production driven effect and value added effect in 2008 were tallied at 4.9 trillion won (US$43 million) and 1.7 trillion w...

Economic ripple effects of Korean Wave continue to grow
Mar 03, 2010
The economic value of the Korean Wave or Hallyu is growing every year, according to the Ministry of Culture, Sports and Tourism. The ministry said Hallyu’s production driven effect and value added effect in 2008 were tallied at 4.9 trillion won (US$43 million) and 1.7 trillion w...

[Pres. Lee at 2 yrs] Summit diplomacy has been key to e...
Feb 26, 2010
President Lee Myung-bak has made over 20 overseas visits and has invited more than 50 foreign heads to Seoul over the past two years since he took office on Feb. 25, 2008, according to the 48th emergency economic council held at the Korea Development Institute on Thursday (Feb. 2...

[Pres. Lee at 2 yrs] Summit diplomacy has been key to e...
Feb 26, 2010
President Lee Myung-bak has made over 20 overseas visits and has invited more than 50 foreign heads to Seoul over the past two years since he took office on Feb. 25, 2008, according to the 48th emergency economic council held at the Korea Development Institute on Thursday (Feb. 2...

Financial Times highlights Korea's economic prowess
Feb 26, 2010
The British business newspaper Financial Times said on Feb. 24 that South Korea “has come too far to hide behind its underdog status.”South Korea’s economy is as big as India’s with a population less than one-twentieth the size, the newspaper said, pointing out the country’s enha...

Financial Times highlights Korea's economic prowess
Feb 26, 2010
The British business newspaper Financial Times said on Feb. 24 that South Korea “has come too far to hide behind its underdog status.”South Korea’s economy is as big as India’s with a population less than one-twentieth the size, the newspaper said, pointing out the country’s enha...