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Won-yuan direct exchange begins
Dec 05, 2014
The won-yuan exchange market has been opened for the first time. Korea is now the third nation to have an offshore direct exchange for the yuan, following Russia and Japan. With the start of won-yuan trades on December 1, local banks can now change their won into yuan directly. I...

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Asian nations exchange seed industry tech
Dec 05, 2014
People like to eat cherry tomatoes and paprika, but not many of them know that their seeds are more expensive than gold. With their weight being equal, seeds are often twice or three times more expensive than gold. The seed industry is a high added-value sector. Thus, it is very ...

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DMZ park to become symbol of peace
Dec 04, 2014
Participants in the DMZ World Eco-Peace Park Forum discuss future plans for the no man's land on December 3. An academic conference was held at the Korea Institute for National Unification (KINU) on December 3 to discuss the creation of an "eco-peace" park in the 250-kilometer ...

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Gov't to dispatch 1st Ebola medical team
Dec 03, 2014
The schedule has been confirmed for the departure of the first team of medical personnel heading to fight the Ebola virus epidemic. The first team of Korean medical workers will depart on December 13. It will begin operations at the Ebola Treatment Centre (ETC) in Goderich, near ...

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President calls for new Korea-Japan relations next year
Dec 02, 2014
President Park Geun-hye met with a delegation from the Japan Business Federation (Keidanren) which arrived in Seoul on December 1 to attend the Korea-Japan Business Council meeting. They discussed ways to boost bilateral trade, how to deal with economic integration worldwide...

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Legoland groundbreaking ceremony in Gangwon-do
Dec 01, 2014
Construction has begun in Gangwon-do (Gangwon Province) to build a Legoland theme park, a future landmark for the province. Among the 1,000 people who attended the ceremony were Gangwon Provincial Governor Choi Moon-soon, Chuncheon City Mayor Choi Dong-yong, British Ambassador to...

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Korea, Hungary to strengthen bilateral cooperation
Dec 01, 2014
President Park Geun-hye and Hungarian Prime Minister Viktor Orban agreed to strengthen their partnership during a bilateral summit on November 28 in Seoul. In a joint press conference after the summit at Cheong Wa Dae, President Park said, "This year marks the 25th anniversary of...

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Korea, China, Japan culture ministers adopt Yokohama Jo...
Dec 01, 2014
The culture ministers of Korea, China and Japan have adopted the Yokohama Joint Statement which contains a detailed action plan for trilateral cooperation on cultural activities. On November 30 during the sixth Korea-China-Japan Culture Ministers Meeting, Korean Minister of Cult...

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Creative industries are new growth engine: president
Nov 28, 2014
“In order to lift the world out of a state of low economic growth, we need to find new growth engines. The answer lies in the creative industries which create added value, develop good ideas and build new advanced technologies.” President Park Geun-hye made those remarks during t...

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Forestry professionals discuss Aral Sea restoration
Nov 26, 2014
Forestry professionals from across the world gathered in Seoul to discuss restoring the ecology of the Aral Sea, the large saline body of water located between Kazakhstan and Uzbekistan. Over 100 arid land restoration specialists attended the International Workshop on Forest Ecol...