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President at cyberspace conference: ‘World should close...
Oct 18, 2013
How can we have both “security” and “openness” in cyberspace at the same time? To find ways to make that happen, world leaders showed up in Seoul on October 17 and discussed pending cyberspace issues, including the growing rate of cyber crime and the emerging breaches of Internet...

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OECD emphasizes fiscal transparency, sustainability at ...
Oct 17, 2013
Seoul played host to the 3rd International Policy Forum on Budgeting on October 14 and 15. Co-hosted by the Ministry of Strategy and Finance (MOSF) and the Organisation for Economic Co-operation and Development (OECD), the forum welcomed 40 representatives from international orga...

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President pushes for creative energy sector
Oct 17, 2013
President Park Geun-hye said that her administration will nurture the energy industry through the fusion of information & communication technology (ICT) and the scientific method, in order to realize her vision of expanding the creative economy’s resourcefulness and innovatio...

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President Park meets with business leader, economist
Oct 16, 2013
President Park Geun-hye met with Royal Dutch Shell CEO Peter Voser and Professor Lawrence Summers of Harvard University at Cheong Wa Dae on October 15. President Park met Voser to discuss stable ways to supply liquefied natural gas (LNG) as well as to discuss an energy strategy f...

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Korea, Indonesia sign MOU on reforestation, ecotourism
Oct 16, 2013
Korea and Indonesia have agreed to cooperate on reforestation and ecotourism. Representatives from the two countries signed a memorandum of understanding (MOU) to such an effect on October 12 in Jakarta, Indonesia. The MOU between the two nations came about because the Indonesian...

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G20 urges U.S. to resolve financial uncertainties
Oct 15, 2013
Finance ministers and central bank governors from the Group of 20 nations urged the United States to take action to address its short-term fiscal problems, at the G20 Finance Ministers and Central Bank Governors’ Meeting, in Washington D.C. on October 11 and 12. The meeting broug...

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Korea, Indonesia to cooperate in creative industries
Oct 15, 2013
Thanks to improved bilateral relations and stronger cooperation, Korea and Indonesia will be able to increase their collaboration in creative industries. During President Park Geun-hye’s state visit to Indonesia last weeked, the two countries signed a memorandum of understanding ...

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Korea, Central Asia sign MOU on forestry cooperation
Oct 15, 2013
At the 7th Korea-Central Asia Cooperation Forum held in Bishkek, Kyrgyzstan, on October 4, the Korea Forest Service (KFS) signed a memorandum of understanding (MOU) with five Central Asian nations: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The agreement cov...

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World Energy Congress debates future of energy
Oct 15, 2013
The 22nd World Energy Congress 2013 opened on October 13 in Daegu, Korea. It was hosted by the World Energy Council (WEC) and the WEC Korean Member Committee and was organized by the WEC Daegu 2013 Organizing Committee. Marking its 90th anniversary this year, the World Energy Con...

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Korea agrees on currency swap with Indonesia, UAE
Oct 14, 2013
Korea has finalized currency swap arrangements with both Indonesia and the United Arab Emirates. Finance ministers and central bank governors from Korea and Indonesia reached agreement on a won-rupiah swap worth USD 10 billion, in Washington D.C. on October 12. The next day, the ...