Policy

SEOUL — Song Jong-ho, Administrator of the Small and Medium Business Administration (SMBA) sets the major new-year policies to help SMEs(Small and Medium sized Enterprises) cope with the current global financial crisis, buttress the youth’s business setup, stabilize the economy for medium and low-income classes, and promote 'eco-systemic development", a term coined by the Korean government to r

SEOUL — This year, the Korean government will issue work visas to 57,000 foreign workers, 9,000 more than last year.

SEOUL, KOREA -- The Ministry of Environment has been implementing a variety of measures to achieve a net worth of KRW 15 trillion from the nation's exports in the environmental industry, a top environmental policymaker said.

"Gwangyang Bay Area Free Economic Zone (GFEZ) Authority is striving to offer more incentives to foreign investors as part of its effort to attract more foreign investment and stimulate the free economic zone," a top official of the authority said.

Chungcheongbuk-do is making a strong push for the designation of Jeungpyeong area in the province as a solar energy special zone this year, a top official of the province said.

Gwangju City has been actively pushing ahead with building an "affluent economic community" through six strategies, a top official of the metropolitan city said.

June 23 marked the day when the whole world found out how advanced Korea's IT was. The Korean government had the honor of winning the 'Global e-Government System 2010' award at the 2010 United Nations Public Service Day, which was held at the AXA Convention Center in Barcelona, Spain for 3 days.

There are many ways of doing a rain check for the year 2010. One can observe the clouds to see which way the majority is tilting towards, feel the gushing winds and see what the media has to say, or one can simply see what the government has to say about the following year. With all the speculation about what has to happen in 2010, the government certainly seems firm about their plans and policies that will lead to economic development, better living standards, and overall just do a better job putting food on the table for everyone.

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