The nation’s economists warned that the Korean economy is undergoing a downturn at a steep than expected pace. Reminiscent of the financial crisis which took place a decade ago, all growth engines are losing steam at an alarming level. Currently, account
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To help truck drivers and bus operators cope with the soaring diesel fuel prices, the government recently announced it will implement a tax rebate system from July 1. Although the government’s countermeasure is designed to aid truck drivers and bus opera
The nation’s leading economists announced that President Lee Myung-bak’s economic policy requires readjustment in light of inflationary pressures and current account deficits. Although it’s been little over 100 days since President Lee implemented his
Recently, a war against children’s obesity has been declared by the government. The first attack will be focused on completely banning television commercials for junk food from time slots mostly viewed by children. Although the implementation didn’t tak
Recently, the association of foreign language institutes cleared its opposition to a policy to increase the number of English instructors by announcing that the government should block the inflow of unqualified native English teachers. The complaint from
The nation is under high alert again after a new case of bird flu was discovered in Seoul. The Food, Agriculture, Forestry and Fisheries Ministry announced that more than 8,000 ducks and chickens were immediately culled at an illegally-run farm in Songpa
There’s no doubt that Microsoft co-founder and philanthropist Bill Gates is one of the world’s greatest minds. He is a true global leader and an entrepreneur who has been extremely successful in almost all blocks of strategic business methodologies. Bil
Recently, the Olympic torch relay took place in Korea under heavy security, as countless police guards contained sporadic protests. Over the 24-kilometer route between Olympic Park and City Hall, approximately 8,300 law enforcement officers were dispatche
South Korea’s President Lee Myung-bak and the U.S. President George W. Bush recently held a summit at the presidential retreat, Camp David in the U.S. The two leaders met three times during the venue. Lee and Bush covered the agenda of cooperation on Nor
Every second counted for South Korea’s first astronaut during her time in space and stay at the International Space Station(ISS). On April 8, 29-year-old female Yi So-Yeon made history for South Korea by allowing the nation to become 36th country to send
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