Policy

Leading Global u-City
Friday, August 7th, 2009

Competition used to occur naturally between states in the past. But in the 21st century, they occur between cities that make many attempts to improve their own competitiveness. In a word, the world is now turning into a globally competitive community.

2009 IT EXPO Busan to be held at BEXCO in September
Monday, August 3rd, 2009

The 2009 IT Expo Busan, an international IT exhibition designed to herald U-city Busan and further develop the city’s IT industry, will be held at BEXCO in Haeundae for four days from Sept. 2. Under the slogan of Ubiquitous is Full, about 170 large IT companies and provincial-based firms will display their goods and technology at 500 booths at the international event.

Half-Billion Dollar Culture Technology Project in the Works
Thursday, July 2nd, 2009

In this IT Empire, some next generation products are born into privilege, while the others are survivors.

Incheon Strives to Be Reborn as World-class Global City
Thursday, June 4th, 2009

Under the ambitious vision of becoming a world-class city, Incheon Metropolitan City has been going all-out to prepare for the successful hosting of the Global Fair & Festival 2009 and the construction of advanced infrastructure.

KETI's New President Promises to Develop New Technologies
Thursday, June 4th, 2009

As a partner of small venture firms, the Korea Electronics Technology Institute (KETI) is dedicated to helping the development of small and medium-sized enterprises, with a focus on electronics technologies, including electronic component development and systems development.

Of Green IT, By Green IT
Thursday, June 4th, 2009

A clean environment is also an economically viable environment in terms of the balanced use of clean and new renewable energies. Since its inauguration in February 2008, the Lee Myung-bak administration in Korea has been pushing for implementation of its Low Carbon, Green Growth policy. This is a set of environmentally-friendly and energy-saving plans which aim to create a viable economy while using clean and new renewable energies.

50 Years of Korea’s Electronics Industry
Monday, June 1st, 2009
The year 2009 is a meaningful year when we can mark both the 110th anniversary of mankind's discovery of the electron and the 50th anniversary of Korea's launching of the electronics industry. In 1899, Sir Joseph John Thompson (1856-1941), a British physicist, discovered the electron for the first time in human history.
Nuke Power Best for Low Carbon, Green Growth Policy
Saturday, May 9th, 2009

Nuclear power generation has come into focus as a way to implement the government's Low Carbon, Green Growth vision. In 2008, the amount of carbon emissions from Korea's nuclear power generation decreased by about 100 million tons compared with fossil fuels. The government decided to stress the need for nuclear power generation and increase the portion of such power generation by building more nuclear power plants.

Leader in Green Energy Revolution
Saturday, May 9th, 2009

In compliance with the government's policy of generating a low carbon and green growth engine and to effectively address the tightening international control of greenhouse gases, Korea Electric Power Corporation (KEPCO, President and CEO: Kim Ssang-su), a world-renowned electric power and utility company, has been aggressively developing and supplying new renewable energies since 2006.

Gyeonggi Sponsors Ubiquitous Future
Friday, May 8th, 2009
In the history of Korea, Gyeonggi Province has not only been the geopolitical center of Korea, but also played a core role in politics and economy as well as in the social and cultural spheres such as literature and the arts, harboring no hostility against ot
Information Technology is Source of Wealth for Korea
Friday, May 8th, 2009

“Korea's IT miracle started with a telephone revolution in the early 1980s... when it was believed to be impossible for Korea to develop TDX telephone switching technology...”

Responding to Global Market Trends
Friday, May 8th, 2009

 

“Korea has received a severe blow from the worldwide economic crisis, as it is heavily dependent on trade. But it seems that the economy will soon recover as many countries of the world have taken steps to stimulate the economy and their pump-priming policies are achieving desired effects. Now we should be prepared for an economic recovery that will come around.”

 

Economic Adjustments Continue Apace
Friday, May 8th, 2009

Cisco Invests 2 Billion in Korean IT

John Chambers, Chairman & CEO of Cisco, met President Lee Myung-bak on April 14. He said at the meeting in Cheong Wa Dae: “According to my company's plan, US$2 billion will be spent over five years in building a research center in Korea.” He outlined other specifics, especially that the US$500 million will be spent in investment and loans for South Korean IT and communications venture companies.
Seven-year Tax Relief Coming for Free Economic Zone
Wednesday, April 1st, 2009

 

The government held the thirtieth free economic zone committee meeting in March 19 to pass seven-year tax relief managerial regulations for the free economic zone, and decided to prolong the period of tax relief in the zone.

The government expects that if this tax relief regulation is enforced in the free economic zone, it could attract predominant foreign companies to invest in Korea and expand foreign capital investment.

President Announces Crackdown on Funds Misappropriation
Wednesday, April 1st, 2009

 

President Lee Myung-bak made his bi-weekly radio address Monday, March 23, through which he promised to mend the nation's welfare system and to deal sternly with government officials' embezzlement of public money.

The President said this in reference to a Yangcheon-gu district official's embezzlement of a state fund that was supposed to help the disabled.

Bulldozer Hits a Wall Too Many
Sunday, March 1st, 2009
President Lee Myung-bak was elected to be the 17th president of South Korea at the end of 2007 by a landslide. He received 48.7% of the vote, while his next rival received only 26.1%. His conservative platform was aimed at revitalizing the economy, and as the Mayor of Seoul, and previous CEO of Hyundai Construction, he seemed to have the economic clout to do it.
Green Growth, Denuclearization, Hillary: Busy Month for Lee
Sunday, March 1st, 2009

Presidential Green Growth Commission Launched 

Apresidential commission on green growth was formally launched by President Lee Myung-bak on Monday, February 16.

President Lee presided over the first session of the commission held at Cheong Wa Dae that morning. He said: “Green growth is not a matter of choice, but a requirement that we must fulfill by all means for our future survival.

Comprehensive Aid for Gyeonggi SMEs
Friday, February 13th, 2009
Many people say that this economic crisis will be remembered as one of the most severe in history. But even though they know how trying this time is, they don't realize how hard many government organizations are working to cope with it.
Emergency Financial Hardship Assistance Team Established
Friday, February 13th, 2009
“In order to help small and medium enterprises get through financial difficulties, we have established an Emergency Financial Hardship Assistance Team,” said Hong Seok-woo, administrator of the Small and Medium Business Administration (SMBA). “We Koreans experienced the Asian financial crisis in the late 1990s, and successfully overcame those economic difficulties.
First Hundred Days of Obama
Friday, February 13th, 2009

The first one hundred days of a presidency are always scrutinized in the US press as an indicator of how the other 3 years and 265 days will go. Each president is put under a lot of pressure to accomplish something significant during that time, and Obama is no different.

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