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Park vows to boost economy through structural reforms i...
Dec 31, 2015
President Park Geun-hye pledged Thursday to accomplish structural reforms in four major sectors of the society to revive the economy and create more jobs next year. "(The government) will firmly root the creative economy and cause the culture to flourish, eventually to revitali...


Korea offers condolences over N. Korea's senior officia...
Dec 31, 2015
SEOUL, Dec. 30 (Yonhap) -- North Korea's top party official handling inter-Korean affairs has died in a traffic accident, Pyongyang's state media said Wednesday, raising a possibility that Seoul-Pyongyang ties may remain strained for a while. Kim Yang-gon, the head of the Unit...


Rent-free cultural complex for start-ups opens in centr...
Dec 30, 2015
President Park Geun-hye (left) tries playing a musical instrument developed by one of the venture start-ups which moved into the Culture Creation Venture Complex on Dec. 23.Producing 3D videos, creating performances by using LEDs or holograms: these are some examples of creative ...

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Myanmar refugees begin a new life in Korea
Dec 30, 2015
Twenty-two Myanmar refugees wave on arrival at the Incheon Airport on Dec. 23. Ku Htoo left his home in Myanmar with his wife more than twenty years ago because of the ongoing armed conflicts between the government and rebel groups in the nation. The couple crossed the ...

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Korea, Japan reach an agreement on 'comfort women'
Dec 29, 2015
Minister Yun Byung-se of the Ministry of Foreign Affairs (right) and his Japanese counterpart Fumio Kishida present at a joint press conference held on Dec. 28 at the Foreign Ministry in Seoul. Korea and Japan have reached an agreement over "comfort women" issues. ...


S. Korea, Japan strike deal on 'comfort women'
Dec 28, 2015
South Korea and Japan reached a landmark deal on Monday to resolve the issue of Korean women forced into sexual slavery for Japanese soldiers during World War II. Foreign Minister Yun Byung-se and his Japanese counterpart, Fumio Kishida, held talks at the Foreign Ministry in Se...


FDI into Korea exceeds USD 20 bil. for 1st time
Dec 28, 2015
Foreign direct investment (FDI) coming into Korea exceeded USD 20 billion for the first time this year. The Ministry of Trade, Industry and Energy (MOTIE) said on Dec. 23 that FDI will reach a declared amount of USD 20.43 billion in 2015 as of Dec. 22, an 11.2 percent ...


Construction begins on Pangyo Creative Economy Valley
Dec 24, 2015
Participants in the groundbreaking ceremony of the Pangyo Creative Economy Valley celebrate the commencement of construction on Dec. 23, in Seongnam-si City, Gyeonggi-do Province. Construction of the "Pangyo Creative Economy Valley," a new community for startups and high-tech f...


Korea, China work on movie, TV source material
Dec 24, 2015
Lotte Hotel World in southern Seoul is host to a conference that focuses on the joint Korea-China production of source material for movies, TV shows, video games and other media platforms on Dec. 16. Three story outlines that won a contest jointly-organized by Korean a...


'Fifty years of Korea-Japan diplomacy deserve to be ble...
Dec 23, 2015
The year 2015 marks the 50th anniversary of Korea and Japan re-establishing their diplomatic relationship. To mark the anniversary, the Northeast Asian History Foundation (NAHF) has published a three-volume series titled "A History of the Korea-Japan Relationship, 1965-201...