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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...

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President stresses coordinated response to climate chan...
Dec 05, 2013
President Park Geun-hye emphasized joint efforts of the international community to respond to climate change issues and Korea’s support to those ends. The president delivered her remarks at the opening ceremony of the headquarters of the Green Climate Fund (GCF) in Songdo, Incheo...

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Korean, Greek leaders discuss cooperation
Dec 04, 2013
President Park Geun-hye held summit talks with Greek President Karolos Papoulias on December 3 in Seoul. The two presidents exchanged their opinions on measures to substantially boost cooperation in politics, business, trade, investment, IT, infrastructure, defense and tourism. B...

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Korea supports UN anti-corruption treaty
Dec 03, 2013
Korea voiced its strong support for the implementation of the United Nations Convention against Corruption (UNCAC) at the fifth session of the anti-corruption conference in Panama City, Panama, on November 26. Under the UNCAC, adopted by the UN General Assembly on October 31, 200...

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Korea gets high marks on tax compliance: OECD
Dec 03, 2013
The Organisation for Economic Co-operation and Development (OECD) has given Korea a green light on its compliance with international tax standards and on its exchange and transparency of tax information. Korea was praised for the way in which it implemented tax rules and legislat...

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Korea, SE Asia, Austria cooperate on forest preservatio...
Dec 02, 2013
The Korea Forest Service (KFS) has held a round of talks with Indonesia, Laos and Austria on forestry cooperation. The KFS hosted a tree planting event at a forest biomass pilot project in Semarang, central Java, in Indonesia, in celebration of the Southeast Asian nation’s sixth ...