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Gov't pledges to lower foreign investment costs
Aug 28, 2014
The operating guidelines for firms located in foreign investment zones across Korea are to be simplified. Expenses faced by foreign investment zone companies, such as rent, will also be decreased. The overseas firms will also be allowed to install solar energy panels and other en...

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Korea, Asia share cultural heritage management knowhow
Aug 26, 2014
Korea will share its cultural heritage management technology with its Asian neighbors. The 'International Course for Cultural Heritage Management' is being hosted by the Training Center for Traditional Culture and is open to 14 participating Asian countries. The invitational trai...

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President vows to build Busan Asia’s leading financial ...
Aug 25, 2014
President Park Geun-hye said she will make Busan one of the leading financial cities of Asia. She said so in her congratulatory remarks during a ceremony to mark the completion of the Busan International Finance Center on August 22. She emphasized the extended role of Korea’s sec...

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Gov't pushes deregulation to promote foreign investment
Aug 20, 2014
The government intends to support the establishment of integrated tourist resorts that feature hotels, casinos and performance venues, as well as for-profit hospitals on Jeju Island and in free economic zones across the country. Also, beginning next year, Chinese tourists will be...

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President, Alibaba CEO discuss Korea-China e-trade
Aug 19, 2014
President Park Geun-hye discussed with Alibaba Group founder and CEO Jack Ma how to cooperate in the cultural sphere and how to develop e-trade between Korea and China, in Seoul on August 18. President Park said the Korea-China Economic and Trade Cooperation Forum was meaningful....

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Int'l students now eligible for residency via manufactu...
Aug 19, 2014
The range of jobs through which international students become eligible for permanent residency will be widened to include the manufacturing industry. Non-Korean graduates who have worked in the manufacturing sector for more than five years can now become entitled for permanent re...

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Park stresses South-North cooperation, Japanese recogni...
Aug 15, 2014
President Park Geun-hye has again asked North Korea to give up its nuclear weapons program and has suggested that the two Koreas start to cooperate on building infrastructure for the public's benefit and to improve the livelihoods of their countrymen."North Korea should leave beh...

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Highlights of the papal visit
Aug 15, 2014
The meeting between President Park Geun-hye and Pope Francis on August 14 had a constant pleasant air. President Park greeted the pope at Seoul Airport with, "Bienvenido a Corea." She added that the Korean people are also pleased to receive the pope in the nation. The pope repli...

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President Park meets the Holy Father
Aug 15, 2014
President Park Geun-hye met with Pope Francis as he began his visit to Korea on August 14. President Park said that all Koreans welcome and are exuberant about the pope’s visit, as they have long waited for another papal visit after John Paul II’s trip here in 1989. The president...

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Pope Francis: 'Peace is the work of justice'
Aug 15, 2014
Pope Francis has delivered a message of peace to the Korean Peninsula. He visited Cheong Wa Dae in Seoul on August 14 and met with President Park Geun-hye. In his speech, the pope said, "Korea’s quest for peace is a cause close to our hearts, for it affects the stability of the e...