Country Reports

Registan Square, Samarkand, Uzbekistan-

Over the years of independence, the economy of the Republic of Uzbekistan has evolved based on a national model developed by President Islam Karimov,

King of Saudi Arabia King Salman bin Abdulaziz Al  Saud

This year’s 85th anniversary of the National Day of the Kingdom of Saudi Arabia comes at a time when the development renaissance in the Kingdom is continuing apace.


DAEJEON, SEOUL - The Innovation Centre at the Embassy of Denmark (Ambassador Thomas Lehmann) is collaborating with Danish pump company Grundfos Holding A/S (CEO Mads Nipper) to run an innovation camp for university students from 26-31 October, 2014 at the KAIST campus in Daejeon.


SEOUL, KOREA - This year’s anniversary of the National Day of the Kingdom of Saudi Arabia comes at a time when the comprehensive development renaissance, based on the foundation laid by the Founder His Majesty King Abdulaziz Bin Abdul Rahman Al Saud, continues apace.


gori reactor

The Gori No. 1 nuclear reactor in Busan's Gijang County, the nation's first nuclear power plant, will be closed permanently.


The Seoul metropolitan city government will grant up to 1 million won to those who report cases of unlicensed drivers carrying paying customers. This is specifically designed to discourage Uber from doing business in Seoul.


As part of efforts to create future growth engines of the nation’s “creative economy, the S. Korean government now puts a stronger emphasis on teaching students how to develop software at an early age.” “Reinforcing the competitiveness of the nation’s software sector is an urgent task for the sustainable development of the nation’s information technology (IT) industry. Software should take center stage in Korean society,” President Park Geun-hye said on Wednesday


Chinese President Xi Jinping’s recent state visit to Seoul has received enormous publicity. Above all, Chinese President Xi Jinping has broken with precedent by visiting South Korea before he goes to strong ally North Korea, quite a departure from China’s traditional ideology-based diplomacy toward the Korean peninsula. In addition, there were high hopes for President Xi Jinping’s “gift package” to include great plans for closer ROK-China economic, diplomatic cooperation.


It seems that Korea and Japan are looking to go for all out diplomatically regarding president Obama’s trip to Asia in April.


The government intends to commercialize fifth generation mobile telecommunication technology (5G) for the first time in the world by 2020 and it will invest KRW 1.6 trillion into the technology over the next seven years. The next generation standard is, in theory, one thousand times faster than the current fourth-generation technology (4G), which is also known as long-term evolution (LTE) technology.

SEOUL, KOREA - On January 6 ‘Sinchon Yonsei-ro’ reopened to the public after having been reconstructed as the first ‘Public Transport-only Area’ in Seoul. The district has been completely renewed as a walkable street, which is a marked contrast from the past when the street was entangled with pedestrians and vehicles amidst acute traffic congestion.



It is likely Busan will see the number of foreign tourists coming through cruise boats rise by a large margin to a record-high level this year.


Eastar Jet, a Korean low-cost airline, said on January 13 that it has established Eastar Port, a unit specializing in ticketing, seat assignment, baggage handling, and boarding services.

KAL HL7552

SEOUL KOREA - Korean Air Line executive VP Cho Hyun-ah forced an Incheon-bound flight to return to its gate(i.e. Ramp back)



Back in 2004 when ICT was viewed as a silver lining for the S. Korean economy, The Korea IT Times embarked on a journey towards an untraveled destination called “ICT Korea”.


Interview) Revive the Hope of the Korean Economy in Crisis

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