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President Park, German leader discuss cooperation
Mar 27, 2014
President Park Geun-hye and German Chancellor Angela Merkel held summit talks in Berlin on March 26 to discuss ways to substantially boost bilateral cooperation in trade and investment between Korea and Germany. They also agreed to cooperate on preparing for reunification on the ...


Gov't gives casino license to foreign consortium
Mar 26, 2014
Foreign companies will now be able to enter the casino business in Korea. The Ministry of Culture, Sports and Tourism (MCST) recently granted a preliminary casino license to LOCZ Korea, a consortium of Lippo Ltd and Caesars Entertainment Corp, to build a resort on Yeongjongdo Isl...


Korea, US, Japan: nuclear North Korea is unacceptable
Mar 26, 2014
Leaders of South Korea, the U.S. and Japan agreed with one voice that a nuclear-armed North Korea is “unacceptable,” as they sat together on the sidelines of the 3rd Nuclear Security Summit in The Hague, Netherlands, on March 25. During the three-way talks, the first in six years...


Korea, Brazil cooperate on farming technology
Mar 25, 2014
The Rural Development Administration (RDA) has launched a farming technology cooperation program with the Brazilian Organization for Agricultural Research (EMBRAPA). On March 17 and 18, the two institutions held a joint workshop in Brasilia on livestock farming, animal feed addit...


Korea cooperates with Indonesia, Mongolia in forestry, ...
Mar 25, 2014
Korea is expanding cooperation with Indonesia and Mongolia in developing their forestry industries. On March 20, the Korea Forest Service held a workshop in Bogor, Indonesia, to discuss collaboration in developing recreational forests and ecotourism, as well as related mid- to lo...


Korea, China discuss NK nukes, FTA
Mar 25, 2014
President Park Geun-hye had a summit meeting with her Chinese counterpart Xi Jinping on March 23 on the sidelines of the Nuclear Security Summit 2014 in The Hague, the Netherlands. President Park Geun-hye said at the meeting that it is the fourth time for the two heads of sta...


President Park holds summit with Dutch PM
Mar 25, 2014
President Park Geun-hye held summit talks with Dutch Prime Minister Mark Rutte in The Hague, Netherlands, on March 24. The two leaders discussed ways to substantially boost cooperation in energy, science, technology, agriculture and nuclear energy. They also exchanged in-depth op...


President proposes 4-point plan for nuclear weapon free...
Mar 25, 2014
President Park Geun-hye has proposed to global leaders four measures to end North Korea’s nuclear program and to make the world safer with no nuclear weapons.Speaking at the opening session of the 3rd Nuclear Security Summit in The Hague, the Netherlands, on March 24, President P...


Gov’t to abolish 2,200 economic regulations
Mar 24, 2014
By 2016, the central government intends to reduce regulations to 80 percent of the current level, including the elimination of 2,200 business regulations. Starting next year, it will fully introduce a “cost-in, cost-out” system to manage new regulations. Beginning in April, the g...


President warns against N. Korean 'Chernobyl'
Mar 24, 2014
President Park Geun-hye expressed deep concerns about North Korea’s ceaseless nuclear program in an interview with a Dutch public broadcaster on March 21. She said that, “Nuclear facilities possessed by the North could lead to a bigger catastrophe than the nuclear holocaust of Ch...