Contrary to the popular notion that Korea needs to tap into new emerging markets, a leading economic think tank has said it needs to concentrate more on the Asian market with its huge growth potential. According to the Daewoo Economic Research...
An alliance of civic groups yesterday urged President Kim Dae-jung to veto a revision bill to the election law, which was approved by the National Assembly on Tuesday. During a press conference, the Citizens' Alliance for the 2000 General Elections...
To pursue both economic growth and social welfare, the welfare system must be overhauled to include democratic decision making procedures, respect for the consumer's right to choose and the dissemination of shared policy objectives. The government...
It is welcome news that President Kim Dae-jung and his Indonesian counterpart, Abdurrahman Wahid, during their summit meeting Thursday, reached a wide range of agreements to strengthen cooperation in many areas, including politics, foreign affairs...
Last year's surplus revenues in the national treasury are estimated at between 1.5 and 2 trillion won. This surplus income came from higher collection of taxes than anticipated, thanks to a better-than-expected economic recovery during the past year....
Chinatowns can be found in most big cities worldwide. But the tourist attraction is nowhere to be seen in Seoul despite its geographical proximity to the world's most populous nation. Perhaps the absence of a Chinatown can be explained by the famed...
The alleged residence of President Kim Dae-jung's son, Hong-gol, in Los Angeles is flaring into a political issue, with the opposition Grand National Party continuing their offensive against it, in spite of Chong Wa Dae's denial of the junior Kim's...
From address to impact and during the early stage of the follow-through the left arm should remain straight. The straight left arm, once regarded as a must for an ideal swing, does not appear to be emphasized much these days in both teaching and...
The government has planned a package of measures aimed at invigorating the bond markets. In consultation with the country's top financial officials, presided over by Vice Finance and Economy Minister Uhm Rak-young yesterday, it was decided that...
Amid the changing business environment, the government should be cautious about carrying out policies on corporate reform involving large enterprises whose initial restructuring was completed by the end of last year, an official of the Federation of...
The state of human rights in North Korea has become an increasingly pressing issue. Not only do the media -- in South Korea, but also in the rest of the world -- feature more reports on the abuse and violation of human rights in North Korea than in...
The explosion in Internet startups is nurturing a consulting business that offers a package of venture incubation solutions. According to industry sources, a host of Internet consulting firms, including e-Corporation, ICG and DLRM Korea, are ...
Korea First Bank (www.kfb.co.kr) yesterday said it will soon cut its level of exposures in large domestic conglomerates as part of its transition to a retail-oriented commercial bank. KFB, recently taken over by Newbridge Capital of the U.S., ...
A leading foreign securities brokerage said yesterday that Korea is the most profitable location for stock investors among emerging economies. Salomon Smith Barney said in its report titled ``Emerging Markets Equity Allocation -- February,''...
Korea and the United States are about to reach a breakthrough in their talks on how to increase the range of Seoul's ballistic missiles, although they need further talks to address a few remaining issues, a Foreign Affairs-Trade Ministry official...
The government is considering raising the scope of tax benefits for individuals for donations of cash, securities and real estate to nonprofit public organizations. At present, such donations are tax-exempted for up to 5 percent of donors' income....
The Korea Times interviewed Li Chung-shiann, a leading Chinese member of a Chinatown planning committee. The following are excerpts. -- ED. Q. Can you explain the benefits Chinatown could bring to Korea? A. In other major countries, Chinatowns...
Pohang Iron and Steel Co. (POSCO) is seeking recognition for its performance from investors because of lack it means little for a listed company. During an investor relations session, POSCO Chairman and CEO Yoo Sang-boo said the true value of a...
The Ministry of Information and Communication yesterday put forward its position on the takeover of Shinsegi Telecomm by SK Telecom, calling for a non-monopoly situation, which is problematic for the parties involved. The ministry said the merger...
I have observed Korean farming and I am shocked at the inefficiency. Farming in Korea is still in the Bronze Age. Admittedly there are some tractors and some modern farming equipment in Korea but overall, farming here is incredibly primitive. I...
The junior coalition United Liberal Democrats (ULD) yesterday launched a direct salvo at President Kim Dae-jung for having proclaimed North Korean leader Kim Jong-il as a man of good judgment with profound knowledge. The conservative party also...
In a small, sparsely furnished office, some ten people are working busily on their desktops, while at a tiny studio in the corner, the recording of an audio education program is underway. First-time visitors to this company named Castservice will...