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Gov’t fosters sports industry to create jobs
Dec 13, 2013
The business side of sports is growing. A new app will allow people to use an open platform, dubbed the Sports Activity Index, to record their exercise routine and calories burnt and to share sports- and health-related information. Jobs in the sports industry will increase to 270...

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President holds summit with Singaporean PM
Dec 12, 2013
President Park Geun-hye held summit talks with Singaporean Prime Minister Lee Hsien Loong at Cheong Wa Dae on December 11 to discuss ways to cooperate in trade, construction and the creative economy. President Park praised Prime Minister Lee Hsien Loong’s leadership by saying tha...

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President Park meets Kazakh PM
Dec 11, 2013
President Park Geun-hye met with Kazakh Prime Minister Serik Akhmetov on December 10 to discuss measures to substantially extend bilateral cooperation between Korea and Kazakhstan. President Park said that Kazakhstan is one of Korea’s most important Eurasian partners with which t...

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President Park emphasizes 'disciplined market economy'
Dec 10, 2013
President Park Geun-hye spoke of her belief in “a disciplined market economy” through her recent contribution to the leading U.K. weekly The Economist. President Park Geun-hye stresses a well-functioning, disciplined market economy in her contribution to The Economist's "The...

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President discusses regional peace with Asia-Pacific ex...
Dec 10, 2013
President Park Geun-hye met with a delegation of experts in issues involving the Korean Peninsula from Stanford University on December 9 at Cheong Wa Dae. The delegation, from Stanford’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC), is in Korea to attend...

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World Bank Group opens Korea office
Dec 09, 2013
The World Bank Group (WBG) opened its Korea office in Songdo District, Incheon, on December 4. The Korea office will host employees from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), two of the five members of the WBG, to pursue ...

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Korea announces newly adjusted air defense zone
Dec 09, 2013
Korea’s air defense zone is being extended southward. The Korean government officially announced the new Korea Air Defense Identification Zone (KADIZ) on December 8, to include islands in Korea’s southern territory -- Marado, Hongdo and Ieodo. Based on related legal backgrounds, ...

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President Park, U.S. vice president discuss cooperation...
Dec 09, 2013
President Park Geun-hye welcomed U.S. Vice President Joseph Biden to Cheong Wa Dae on December 6. The two discussed the comprehensive strategic alliance between Korea-U.S., as well as issues involving the Korean Peninsula, Northeast Asia and other global issues like Iran and Syri...

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Korea to maintain sustainable growth: IMF chief
Dec 06, 2013
The Korean economy will be able to maintain stable growth in the future, said Christine Lagarde, managing director of the International Monetary Fund (IMF). During a December 5 press conference held in the Foreign Press Center Korea in central Seoul, Lagarde said, “Korea is even ...

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President discusses economic issues with IMF, World Ban...
Dec 05, 2013
President Park Geun-hye met with representatives of the International Monetary Fund (IMF) and the World Bank Group on December 4 in Seoul. She discussed the global economic outlook, the opening of Green Climate Fund (GCF) headquarters and the employment policy of the Korean gover...