[Korea.net News, Science / Tech, December 7 2007] Korea aims to become leading manufacturer of LED lights by 2015
Korea is aiming to become one of the top three manufacturers of light emitting diode (LED) lights by 2015, the government said on Friday (Dec. 7).
The Ministry of Commerce, Industry and Energy said at a lighting industry workshop in Seoul that efforts are underway to enhance the country’s level of LED technology, which currently stands at roughly 80 percent of leading industrial economies.
LED lights are much more eco-friendly to manufacture and use than regular light bulbs, since they are more energy efficient and longer-lasting, and do not use mercury during production.
"There will be a strong push for standardization in the manufacturing process and parts used in LED lights, as well as seeking wider access to promising markets," said Cha Dong-hyung, head of the semiconductor and display team at the ministry.
He said that with proper investment and concentration of resources, South Korea should achieve technological parity with current market leaders by 2012.
Wednesday, December 19, 2007
[Korea.net News, Science / Tech, December 6 2007] Korea sets up atomic disaster control center
Korea opened a new atomic disaster control center near a nuclear power plant on its southwestern coast on Thursday (Dec. 6) to enhance the country’s ability to prevent and cope with emergencies, officials said.
The center, close to the Younggwang atomic power plant, will be used to coordinate protective measures and help control the evacuation of people in case of a serious accident, said the officials at the Ministry of Science and Technology.
Korea opened a new atomic disaster control center near a nuclear power plant on its southwestern coast on Thursday (Dec. 6) to enhance the country’s ability to prevent and cope with emergencies, officials said.
The center, close to the Younggwang atomic power plant, will be used to coordinate protective measures and help control the evacuation of people in case of a serious accident, said the officials at the Ministry of Science and Technology.
[Korea.net News, Science / Tech, December 6 2007] Incheon begins transformation into U-city
The west coast port city Incheon, pop. 2.6 million, is developing a high-tech personnel and traffic control system to establish a ubiquitous city by 2009, Incheon officials said Wednesday (Dec. 5).
Injecting 650 million won, the Incheon Metropolitan Government will install sensors on streetlights and monitors in each household in a test district so people can keep track of young children and elderly relatives.
For the system to work, the youth and aged need to carry a radio frequency identification (RFID) tag.
The city is also installing a remote control device for streetlamps.
The planned services start in January 2009.
"The U-city development projects are part of the preparations for the 2009 World City Expo and 2014 Asian Games -- both to be held in Incheon," an official explained.
The west coast port city Incheon, pop. 2.6 million, is developing a high-tech personnel and traffic control system to establish a ubiquitous city by 2009, Incheon officials said Wednesday (Dec. 5).
Injecting 650 million won, the Incheon Metropolitan Government will install sensors on streetlights and monitors in each household in a test district so people can keep track of young children and elderly relatives.
For the system to work, the youth and aged need to carry a radio frequency identification (RFID) tag.
The city is also installing a remote control device for streetlamps.
The planned services start in January 2009.
"The U-city development projects are part of the preparations for the 2009 World City Expo and 2014 Asian Games -- both to be held in Incheon," an official explained.
[Korea.net News, Science / Tech, December 4 2007] Korea boosting budget for anti-greenhouse gas research
Korea is greatly expanding next year’s research and development budget for reducing greenhouse gas, the Science and Technology Ministry said Monday (Dec. 3).
So-called Carbon Capture and Storage (CCS) technology is drawing international attention because no feasible substitute energy resources exist and it is expected to greatly reduce global greenhouse gas emissions from conventional power plants.
To secure an advance position in the emerging market for gas-reducing technology, the Korean government has allocated 34 billion won in the 2008 budget for related R&D, a 31.5% increase over the previous year.
Korea is greatly expanding next year’s research and development budget for reducing greenhouse gas, the Science and Technology Ministry said Monday (Dec. 3).
So-called Carbon Capture and Storage (CCS) technology is drawing international attention because no feasible substitute energy resources exist and it is expected to greatly reduce global greenhouse gas emissions from conventional power plants.
To secure an advance position in the emerging market for gas-reducing technology, the Korean government has allocated 34 billion won in the 2008 budget for related R&D, a 31.5% increase over the previous year.
[Korea.net News, Science / Tech, December 4 2007] Korea's November IT exports grow 13.8% on strong handset, panel sales
Korea’s exports of information technology (IT) products rose nearly 14 percent in November from a year earlier thanks to strong overseas sales of mobile handsets and display panels, a government report showed Tuesday (Dec. 4).
According to the report by the Ministry of Information and Communication, Korea’s IT exports amounted to US$12.38 billion last month, up 13.8 percent from the same period a year earlier.
During the same month, IT imports increased 19.5 percent to $6.17 billion, bringing the trade surplus in the sector to $6.21 billion, the report showed.
Korea’s exports of information technology (IT) products rose nearly 14 percent in November from a year earlier thanks to strong overseas sales of mobile handsets and display panels, a government report showed Tuesday (Dec. 4).
According to the report by the Ministry of Information and Communication, Korea’s IT exports amounted to US$12.38 billion last month, up 13.8 percent from the same period a year earlier.
During the same month, IT imports increased 19.5 percent to $6.17 billion, bringing the trade surplus in the sector to $6.21 billion, the report showed.
[Korea.net News, Science / Tech, December 4 2007] Korean digital electronics exports rise 10.7% in November
Korea’s digital electronics exports rose 10.7 percent year-on-year to $12.19 billion in November thanks to strong demand for mobile phones, the government said Tuesday (Dec. 4).
The Ministry of Commerce, Industry and Energy said November’s figure was slightly lower than the record high of $12.50 billion reached in October, but it marked the fifth month in a row that the country’s digital electronic exports exceeded the $10 billion mark.
Korea’s digital electronics exports rose 10.7 percent year-on-year to $12.19 billion in November thanks to strong demand for mobile phones, the government said Tuesday (Dec. 4).
The Ministry of Commerce, Industry and Energy said November’s figure was slightly lower than the record high of $12.50 billion reached in October, but it marked the fifth month in a row that the country’s digital electronic exports exceeded the $10 billion mark.
[Korea.net News, Science / Tech, December 2 2007] Korea's investment in greenhouse gas storage to top 30% in 2008
Korea will increase its spending on technologies to capture and store greenhouse gases by over 30 percent in 2008, the government said Sunday (Dec. 2).
The Ministry of Science and Technology said 33.95 billion won ($36.62 million) out of next year’s budget has been set aside to help the country better cope with greenhouse gases, which are causing global warming and unwanted climate change.
Korea will increase its spending on technologies to capture and store greenhouse gases by over 30 percent in 2008, the government said Sunday (Dec. 2).
The Ministry of Science and Technology said 33.95 billion won ($36.62 million) out of next year’s budget has been set aside to help the country better cope with greenhouse gases, which are causing global warming and unwanted climate change.
[Korea.net News, Science / Tech, November 29 2007] Korea successfully conducts test of unmanned tilt-rotor aircraft
Korea successfully tested an unmanned tilt-rotor aircraft that will help the country become a leader of technology in this field, a state-run aerospace institute said Thursday (Nov. 29).
The test carried out in Goheung, South Jeolla Province, is part of a 101.1-billion-won ($108.4 million) project that will run through March 2012, the Korea Aerospace Research Institute said (KARI).
The 2-meter-long unmanned aerial vehicle (UAV) with a wing span of 2.8 meters is a scaled-down version of an aircraft that is to built in mid-2009. The future airframe is expected to weigh one ton, with a 5-meter-long fuselage and a 4-meter-long wingspan.
Under the plan, the aircraft will be able to stay airborne for at least five hours.
"Besides being approximately 40 percent the size of the full-scale UAV, the test airframe is identical to the planned vehicle in most respects," said Koo Sam-ok, the chief systems evaluator for the project. This similarity, the expert added, will allow essential tests including ones on flight control systems, ground avoidance software and automatic piloting technology.
Korea successfully tested an unmanned tilt-rotor aircraft that will help the country become a leader of technology in this field, a state-run aerospace institute said Thursday (Nov. 29).
The test carried out in Goheung, South Jeolla Province, is part of a 101.1-billion-won ($108.4 million) project that will run through March 2012, the Korea Aerospace Research Institute said (KARI).
The 2-meter-long unmanned aerial vehicle (UAV) with a wing span of 2.8 meters is a scaled-down version of an aircraft that is to built in mid-2009. The future airframe is expected to weigh one ton, with a 5-meter-long fuselage and a 4-meter-long wingspan.
Under the plan, the aircraft will be able to stay airborne for at least five hours.
"Besides being approximately 40 percent the size of the full-scale UAV, the test airframe is identical to the planned vehicle in most respects," said Koo Sam-ok, the chief systems evaluator for the project. This similarity, the expert added, will allow essential tests including ones on flight control systems, ground avoidance software and automatic piloting technology.
[Korea.net News, Science / Tech, November 28 2007] Computer virus experts to gather in Seoul to discuss cooperation
Experts on computer vaccine programs will gather in Korea this week to discuss and exchange opinions on how to cope with the growing threat from viruses and vicious codes in cyberspace, a local tech company said Wednesday (Nov. 28).
The international conference will kick off in Seoul on Thursday for a two-day run with over 300 computer vaccine programmers and cyber security specialists on hand, Ahn Lab Inc. said.
The conference will be held by the Association of Anti-virus Asia Researchers, a non-profit organization, which was established in 1998 to promote ties among Asian countries to protect users from viruses. Ahn Lab, known for its virus vaccine program V3, is one of its founding members.
Experts on computer vaccine programs will gather in Korea this week to discuss and exchange opinions on how to cope with the growing threat from viruses and vicious codes in cyberspace, a local tech company said Wednesday (Nov. 28).
The international conference will kick off in Seoul on Thursday for a two-day run with over 300 computer vaccine programmers and cyber security specialists on hand, Ahn Lab Inc. said.
The conference will be held by the Association of Anti-virus Asia Researchers, a non-profit organization, which was established in 1998 to promote ties among Asian countries to protect users from viruses. Ahn Lab, known for its virus vaccine program V3, is one of its founding members.
[Korea.net News, Science / Tech, November 28 2007] Korea to upgrade mobile Internet platform
Korea to upgrade mobile Internet platform
Korea announced a set of measures Wednesday (Nov. 28) aimed at improving the nation’s sole wireless Internet middleware to prepare for intensifying competition in the global mobile Internet platform market.
Under the measures, the Ministry of Information and Communication plans rev up efforts to develop improved WIPI standards and enhance the operability of WIPI-related contents.
The ministry said it would also encourage private companies to join in developing new technologies related to the Internet mobile platform.
WIPI stands for wireless Internet platform for interoperability, and is designed to allow users to link to the Internet using wireless means.
Korea to upgrade mobile Internet platform
Korea announced a set of measures Wednesday (Nov. 28) aimed at improving the nation’s sole wireless Internet middleware to prepare for intensifying competition in the global mobile Internet platform market.
Under the measures, the Ministry of Information and Communication plans rev up efforts to develop improved WIPI standards and enhance the operability of WIPI-related contents.
The ministry said it would also encourage private companies to join in developing new technologies related to the Internet mobile platform.
WIPI stands for wireless Internet platform for interoperability, and is designed to allow users to link to the Internet using wireless means.
[Korea.net News, Culture / Events, December 10 2007] Herald Media publishes book of essays by foreign experts on Korea
Herald Media Inc., publisher of the Korea Herald, said Monday (Dec. 10) it recently published a book of English essays by Korea experts at home and abroad, seeking to help global readers better grasp Korea’s rapid political, social, economic and cultural changes.
The book is a collection of 31 essays written by renowned foreign scholars with expertise on Korean affairs for contribution to the Korea Herald, a leading English newspaper in Korea, under its "Insight into Korea" series, starting in June this year.
Herald Media Inc., publisher of the Korea Herald, said Monday (Dec. 10) it recently published a book of English essays by Korea experts at home and abroad, seeking to help global readers better grasp Korea’s rapid political, social, economic and cultural changes.
The book is a collection of 31 essays written by renowned foreign scholars with expertise on Korean affairs for contribution to the Korea Herald, a leading English newspaper in Korea, under its "Insight into Korea" series, starting in June this year.
AsiaMedia :: New press relations
AsiaMedia :: New press relations
'The Korea Herald' comments on whether or not Roh's pressroom policy would or should hold after the new administration steps in The Korea Herald Tuesday, December 18, 2007
The Roh Moo-hyun administration's "program for improvement of the media-assistance system" was almost completed last week with the closure of the press rooms at the National Police Agency and the Ministry of National Defense. "Almost" because the media's resistance to the administration's forceful measures is continuing at these and other government offices, as evicted reporters are still writing their stories squatting in the lobbies of their old beats.
If the troublesome program, which was announced last May after years of escalating government-media disputes, is one of the key accomplishments of the present administration, the big question now is whether the next administration will keep it, in the face of resolute opposition by the media. Major presidential candidates have said in unison that they will "reconsider" the measure, if elected.
President Roh said his government "boarded the press rooms up" to make sure that they would not be reopened by the next administration. Large "unified briefing facilities" have been built in the integrated government complexes -- one in Sejongno and another in Gwacheon -- to replace the old press rooms which had existed inside individual government ministries and major administration agencies.
A return in 2008 to the old system would mean wasting a huge amount of taxpayers' money and a great deal of energy which should be directed toward more constructive projects. What is desirable at this time is for both the media and the political group which takes power next February -- as well as the existing bureaucracy -- to give deep thought to how to create the ideal working relationship of "criticism in trust," instead of the mudslinging which has been prevalent during the last five years under President Roh.
A new government-media relationship should reflect changes in the social and political milieu in this nation over the past few decades. The changes have been fast and profound -- from dictatorships to democracy, from a backward economy to industrialization and the world's leader in information technologies, and from a largely Confucian-based hierarchical society to less patriarchal, authoritarian values.
The media -- both journalists and managers -- should ask themselves if they have made sufficient adjustment to these transformations, in the routines of doing their job, in the methods of recruitment and promotion, in the internal system of corporate governance and in the way they look at the government.
Many outsiders feel that media outlets still lack corporate transparency, are exclusive in their hiring practices, and closed to mid-career recruiting, as well as being excessively protective of their own vested interests, and heavily dependent on government-supplied information. These assessments, however correct they may be, were magnified and used as fodder for the media policy of President Roh, who became quite antagonistic to the media during his relatively short and rugged political career.
Politicians regard the press as useful allies until they clinch power; then they try to keep reporters at a distance as they (a senior secretary to President Roh called them "hyenas") uncover corruption and incompetence in the government. Whoever becomes president in February will find the "new media-assistance system" that was established so laboriously by his predecessor to be quite convenient if he shares the political community's typical assessment of the press.
But the next leader, if he is to repair some of the damage of the past five years, needs first to fix the distorted relationship between the media and the government. The media should be willing to cooperate in making a fresh start by doing some soul-searching of its own to identify and work on whatever shortcomings it has.
Date Posted: 12/18/2007
'The Korea Herald' comments on whether or not Roh's pressroom policy would or should hold after the new administration steps in The Korea Herald Tuesday, December 18, 2007
The Roh Moo-hyun administration's "program for improvement of the media-assistance system" was almost completed last week with the closure of the press rooms at the National Police Agency and the Ministry of National Defense. "Almost" because the media's resistance to the administration's forceful measures is continuing at these and other government offices, as evicted reporters are still writing their stories squatting in the lobbies of their old beats.
If the troublesome program, which was announced last May after years of escalating government-media disputes, is one of the key accomplishments of the present administration, the big question now is whether the next administration will keep it, in the face of resolute opposition by the media. Major presidential candidates have said in unison that they will "reconsider" the measure, if elected.
President Roh said his government "boarded the press rooms up" to make sure that they would not be reopened by the next administration. Large "unified briefing facilities" have been built in the integrated government complexes -- one in Sejongno and another in Gwacheon -- to replace the old press rooms which had existed inside individual government ministries and major administration agencies.
A return in 2008 to the old system would mean wasting a huge amount of taxpayers' money and a great deal of energy which should be directed toward more constructive projects. What is desirable at this time is for both the media and the political group which takes power next February -- as well as the existing bureaucracy -- to give deep thought to how to create the ideal working relationship of "criticism in trust," instead of the mudslinging which has been prevalent during the last five years under President Roh.
A new government-media relationship should reflect changes in the social and political milieu in this nation over the past few decades. The changes have been fast and profound -- from dictatorships to democracy, from a backward economy to industrialization and the world's leader in information technologies, and from a largely Confucian-based hierarchical society to less patriarchal, authoritarian values.
The media -- both journalists and managers -- should ask themselves if they have made sufficient adjustment to these transformations, in the routines of doing their job, in the methods of recruitment and promotion, in the internal system of corporate governance and in the way they look at the government.
Many outsiders feel that media outlets still lack corporate transparency, are exclusive in their hiring practices, and closed to mid-career recruiting, as well as being excessively protective of their own vested interests, and heavily dependent on government-supplied information. These assessments, however correct they may be, were magnified and used as fodder for the media policy of President Roh, who became quite antagonistic to the media during his relatively short and rugged political career.
Politicians regard the press as useful allies until they clinch power; then they try to keep reporters at a distance as they (a senior secretary to President Roh called them "hyenas") uncover corruption and incompetence in the government. Whoever becomes president in February will find the "new media-assistance system" that was established so laboriously by his predecessor to be quite convenient if he shares the political community's typical assessment of the press.
But the next leader, if he is to repair some of the damage of the past five years, needs first to fix the distorted relationship between the media and the government. The media should be willing to cooperate in making a fresh start by doing some soul-searching of its own to identify and work on whatever shortcomings it has.
Date Posted: 12/18/2007
Tuesday, December 18, 2007
[Korea.net News, Economy / Industry, December 18 2007] LG's 'Viewty Phone' appeals to European customers
LG Electronics, Korea’s electronics giant, said Tuesday (Dec. 18) that it has sold over 310,000 of its latest mobile handset model, "Viewty Phone," on European markets just five weeks after it was launched there.
Viewty Phone is a mobile phone that the world’s fifth-largest manufacturer of handsets unveiled in late October to target high-end customers in Europe.
LG Electronics, Korea’s electronics giant, said Tuesday (Dec. 18) that it has sold over 310,000 of its latest mobile handset model, "Viewty Phone," on European markets just five weeks after it was launched there.
Viewty Phone is a mobile phone that the world’s fifth-largest manufacturer of handsets unveiled in late October to target high-end customers in Europe.
[Korea.net News, Economy / Industry, December 17 2007] Korea's e-commerce transactions edge down in 3rd quarter
Korea’s electronic commerce transactions inched down in the third quarter from the previous quarter due to a fall in business-to-government online transactions and seasonal conditions, a report showed Monday (Dec. 17).
The country’s e-commerce transactions dipped 0.9 percent in the July-September period from the previous three months to 125.87 trillion won ($134.87 billion), according to the report by the National Statistical Office.
Compared to a year earlier, the transactions increased 19.2 percent.
Korea’s electronic commerce transactions inched down in the third quarter from the previous quarter due to a fall in business-to-government online transactions and seasonal conditions, a report showed Monday (Dec. 17).
The country’s e-commerce transactions dipped 0.9 percent in the July-September period from the previous three months to 125.87 trillion won ($134.87 billion), according to the report by the National Statistical Office.
Compared to a year earlier, the transactions increased 19.2 percent.
[Korea.net News, Economy / Industry, December 15 2007] LG Chem wins exclusive order to supply hybrid battery to Hyundai Motor
LG Chem Ltd., Korea’s largest chemicals maker, said it has won an order to exclusively supply rechargeable hybrid car batteries to Hyundai Motor Co. Financial terms of the deal weren’t disclosed.
LG Chem said in a statement that it will supply lithium-ion polymer batteries to Hyundai Motor which will mass-produce hybrid vehicles in 2009.
"The order proves our technological competitiveness in rechargeable batteries for cars," LG Chem Vice Chairman Kim Ban-seok said in the statement.
LG Chem Ltd., Korea’s largest chemicals maker, said it has won an order to exclusively supply rechargeable hybrid car batteries to Hyundai Motor Co. Financial terms of the deal weren’t disclosed.
LG Chem said in a statement that it will supply lithium-ion polymer batteries to Hyundai Motor which will mass-produce hybrid vehicles in 2009.
"The order proves our technological competitiveness in rechargeable batteries for cars," LG Chem Vice Chairman Kim Ban-seok said in the statement.
[Korea.net News, Economy / Industry, December 13 2007] Daewoo Motor Sales, Paramount sign formal deal to open theme park
Daewoo Motor Sales Corp. said Thursday (Dec. 13) it has signed a formal contract with U.S. film studio Paramount Pictures Corp. to build a theme park in western Korea.
The contract calls for Daewoo Motor Sales and Paramount to spend 1.5 trillion won ($1.6 billion) to develop the park in Incheon, west of Seoul, by 2010, the Korean company said in a statement.
Construction will begin in July next year.
Daewoo Motor Sales Corp. said Thursday (Dec. 13) it has signed a formal contract with U.S. film studio Paramount Pictures Corp. to build a theme park in western Korea.
The contract calls for Daewoo Motor Sales and Paramount to spend 1.5 trillion won ($1.6 billion) to develop the park in Incheon, west of Seoul, by 2010, the Korean company said in a statement.
Construction will begin in July next year.
[Korea.net News, Economy / Industry, December 11 2007] KT aims to post 12 tril. won in sales in 2008
KT Corp., Korea’s largest fixed-line Internet and telephony operator, said Tuesday (Dec. 11) that it aims to post 12 trillion won ($13 billion) in sales in 2008 by seeking new growth engines.
"Since the 2002 privatization, we have continued to work on innovating the company, but sales have remained stagnant at around 11 trillion won," KT CEO Nam Joong-soo told a press conference.
"We see the year 2008 as a turning point when sales figure will exceed the 12-trillion won barrier thanks to efforts in expanding the overall customer base."
KT Corp., Korea’s largest fixed-line Internet and telephony operator, said Tuesday (Dec. 11) that it aims to post 12 trillion won ($13 billion) in sales in 2008 by seeking new growth engines.
"Since the 2002 privatization, we have continued to work on innovating the company, but sales have remained stagnant at around 11 trillion won," KT CEO Nam Joong-soo told a press conference.
"We see the year 2008 as a turning point when sales figure will exceed the 12-trillion won barrier thanks to efforts in expanding the overall customer base."
[Korea.net News, Economy / Industry, December 10 2007] Korea to host 2009 OECD World Forum
Korea will host the 2009 Organization for Economic Cooperation and Development’s (OECD) World Forum, the government said Monday (Dec. 10).
The knowledge and policy gathering, which will be the third such forum since 2004, aims to improve the use of statistics for evidence-based decision making and the development of a shared-knowledge that can promote social and democratic growth, the National Statistical Office (NSO) said.
The office said over 1,300 participants made up of government policymakers, economists, journalists and civic group leaders from around the world, are expected to come to Korea for the four-day-long gathering.
Korea will host the 2009 Organization for Economic Cooperation and Development’s (OECD) World Forum, the government said Monday (Dec. 10).
The knowledge and policy gathering, which will be the third such forum since 2004, aims to improve the use of statistics for evidence-based decision making and the development of a shared-knowledge that can promote social and democratic growth, the National Statistical Office (NSO) said.
The office said over 1,300 participants made up of government policymakers, economists, journalists and civic group leaders from around the world, are expected to come to Korea for the four-day-long gathering.
[Korea.net News, Economy / Industry, December 9 2007] Creditors of Hynix Semiconductor agree not to sell stake until takeover completed: sources
Creditors of Hynix Semiconductor, the world’s second-largest manufacturer of computer-memory chips, have agreed to extend the period in which they can sell a stake in the chipmaker, industry sources said Sunday (Dec. 9).
The creditors led by Korea’s fifth-largest lender, Korea Exchange Bank, have agreed to extend the period in which they can sell a 36 percent stake in Hynix until after a sale of the chipmaker is completed, the sources said. Creditors had originally agreed to sell their stake by the end of this year.
Creditors of Hynix Semiconductor, the world’s second-largest manufacturer of computer-memory chips, have agreed to extend the period in which they can sell a stake in the chipmaker, industry sources said Sunday (Dec. 9).
The creditors led by Korea’s fifth-largest lender, Korea Exchange Bank, have agreed to extend the period in which they can sell a 36 percent stake in Hynix until after a sale of the chipmaker is completed, the sources said. Creditors had originally agreed to sell their stake by the end of this year.
[Korea.net News, Economy / Industry, December 4 2007] BEXCO aiming to become one of top 10 global convention centers
The Busan Exhibition and Convention Center (BEXCO) announced its plan to become one of the top ten global convention venues by 2015.
To this aim, BEXCO CEO Kim Soo Ik and the center’s staff announced on Tuesday (Dec. 4) an action plan titled "Vision 2015." The plan outlines four goals under the slogan "BEXCO, Northeast Asia’s most competitive exhibition and convention center."
The Vision 2015 goals include transforming Busan, Korea’s second largest city, into one of the top ten international convention location sites; supporting international brands’ exhibitions and conventions; securing convention infrastructure; and acquiring stable exhibition industry infrastructure.
The Busan Exhibition and Convention Center (BEXCO) announced its plan to become one of the top ten global convention venues by 2015.
To this aim, BEXCO CEO Kim Soo Ik and the center’s staff announced on Tuesday (Dec. 4) an action plan titled "Vision 2015." The plan outlines four goals under the slogan "BEXCO, Northeast Asia’s most competitive exhibition and convention center."
The Vision 2015 goals include transforming Busan, Korea’s second largest city, into one of the top ten international convention location sites; supporting international brands’ exhibitions and conventions; securing convention infrastructure; and acquiring stable exhibition industry infrastructure.
[Korea.net News, Economy / Industry, December 1 2007] Korea's NHN to relaunch Web search services in Japan
Korea’s top Internet company by market value said Friday (Nov. 30) it will establish a new subsidiary in Japan to relaunch search services in that country, almost three years after it halted them.
NHN Corp., which operates the most visited search engine as well as online game sites in Korea, one of the world’s most wired countries, will soon set up Naver Japan, which is to concentrate on web search service in Japan.
It stopped offering its Japanese-language search service in January 2005, saying it was unable to dent Yahoo Japan Corp.’s dominance.
Korea’s top Internet company by market value said Friday (Nov. 30) it will establish a new subsidiary in Japan to relaunch search services in that country, almost three years after it halted them.
NHN Corp., which operates the most visited search engine as well as online game sites in Korea, one of the world’s most wired countries, will soon set up Naver Japan, which is to concentrate on web search service in Japan.
It stopped offering its Japanese-language search service in January 2005, saying it was unable to dent Yahoo Japan Corp.’s dominance.
[Korea.net News, Economy / Industry, November 29 2007] IT service provider SK C&C opens Indian subsidiary
SK C&C, Korea’s third-largest IT service provider, said Thursday (Nov. 29) that it has opened a wholly owned subsidiary in India in an attempt to expand its presence there and secure a bridge for its advance into overseas markets.
The company said in a statement that it invested initial capital of $332,000 in the subsidiary named SK C&C India, which it said will mainly lead efforts to take over IT companies in India.
This is the second overseas subsidiary for SK C&C. It opened one in China last June.
SK C&C, Korea’s third-largest IT service provider, said Thursday (Nov. 29) that it has opened a wholly owned subsidiary in India in an attempt to expand its presence there and secure a bridge for its advance into overseas markets.
The company said in a statement that it invested initial capital of $332,000 in the subsidiary named SK C&C India, which it said will mainly lead efforts to take over IT companies in India.
This is the second overseas subsidiary for SK C&C. It opened one in China last June.
[Korea.net News, Economy / Industry, November 29 2007] Samsung keeps No. 1 spot in monthly LCD sales in October
Samsung Electronics Co. sold more than $2 billion worth of liquid crystal display (LCD) panels in October, maintaining its No. 1 status in the global flat-panel market for 30 months in a row, a report showed Thursday (Nov. 29).
According to the report by DisplaySearch, Samsung Electronics’ LCD sales amounted to $2.03 billion last month, accounting for 24 percent of the $8.5-billion global market. It is the first time that Samsung’s monthly LCD sales have exceeded the 2-billion mark.
Samsung Electronics Co. sold more than $2 billion worth of liquid crystal display (LCD) panels in October, maintaining its No. 1 status in the global flat-panel market for 30 months in a row, a report showed Thursday (Nov. 29).
According to the report by DisplaySearch, Samsung Electronics’ LCD sales amounted to $2.03 billion last month, accounting for 24 percent of the $8.5-billion global market. It is the first time that Samsung’s monthly LCD sales have exceeded the 2-billion mark.
[Korea.net News, Economy / Industry, November 29 2007] WTO orders Japan lift punitive tariffs on Hynix chips
The World Trade Organization (WTO) has ruled that Japan’s countervailing duties on computer chips made by Korea’s Hynix Semiconductor are illegal under international trade rules and ordered Tokyo to remove the punitive trade barrier, the Seoul government said Thursday (Nov. 29).
Korea filed a complaint with the Geneva-based WTO in March last year after the Japanese government imposed a punitive tariff of 27.2 percent on Hynix memory chips, accusing the world’s second-largest memory chipmaker of receiving an unfair subsidy from the government in 2002.
The Korean government has denied any role in arranging such a bailout.
The World Trade Organization (WTO) has ruled that Japan’s countervailing duties on computer chips made by Korea’s Hynix Semiconductor are illegal under international trade rules and ordered Tokyo to remove the punitive trade barrier, the Seoul government said Thursday (Nov. 29).
Korea filed a complaint with the Geneva-based WTO in March last year after the Japanese government imposed a punitive tariff of 27.2 percent on Hynix memory chips, accusing the world’s second-largest memory chipmaker of receiving an unfair subsidy from the government in 2002.
The Korean government has denied any role in arranging such a bailout.
[Korea.net News, Nation, November 28 2007] Roh thanks N. Korean leader for supporting city of Yeosu's Expo campaign
South Korean President Roh Moo-hyun on Wednesday (Nov. 28) sent a message of gratitude to North Korean leader Kim Jong-il for supporting the Korean city of Yeosu’s campaign for the 2012 World Expo, presidential spokesman Cheon Ho-seon said.
President Roh’s message was delivered via South Korean Defense Minister Kim Jang-soo, who is now visiting Pyongyang for talks with his North Korean counterpart, according to Cheon.
South Korean President Roh Moo-hyun on Wednesday (Nov. 28) sent a message of gratitude to North Korean leader Kim Jong-il for supporting the Korean city of Yeosu’s campaign for the 2012 World Expo, presidential spokesman Cheon Ho-seon said.
President Roh’s message was delivered via South Korean Defense Minister Kim Jang-soo, who is now visiting Pyongyang for talks with his North Korean counterpart, according to Cheon.
[Korea.net News, Nation, November 27 2007] Gov't out to develop the east coast in earnest
Korea’s relatively rural east coast is to be reborn as a center for high-tech clusters and tourist attractions.
With the Nov. 22 passage of the Special Law for the Coastal Area Development, the east coast’s Gangwon-do Province, the Gyeongsang provinces and Ulsan Metropolitan City can begin long-waited development projects in earnest with about 94 trillion won in support from Seoul, local government officials said Monday (Nov. 26).
Korea’s relatively rural east coast is to be reborn as a center for high-tech clusters and tourist attractions.
With the Nov. 22 passage of the Special Law for the Coastal Area Development, the east coast’s Gangwon-do Province, the Gyeongsang provinces and Ulsan Metropolitan City can begin long-waited development projects in earnest with about 94 trillion won in support from Seoul, local government officials said Monday (Nov. 26).
[Korea.net News, Nation, November 27 2007] Roh congratulates city of Yeosu for winning right to host World Expo
President Roh Moo-hyun sent a message Tuesday (Nov. 27) to the Yeosu World Expo Bidding Committee, congratulating the Korean city over its selection as host of the 2012 event, the presidential office Cheong Wa Dae said.
Yeosu, a port in Jeollanam-do (province) on the southern coast of Korea, defeated the Moroccan city of Tangier and the Polish city of Wroclaw in secret balloting held during the general conference of the International Exhibitions Bureau (BIE) in Paris on Monday.
"Along with the entire Korean people, I’m pleased at the news of Yeosu winning the right to host the 2012 World Expo. I send particular congratulations to the citizens of Yeosu and Jeollanam-do" said Roh in the message.
President Roh Moo-hyun sent a message Tuesday (Nov. 27) to the Yeosu World Expo Bidding Committee, congratulating the Korean city over its selection as host of the 2012 event, the presidential office Cheong Wa Dae said.
Yeosu, a port in Jeollanam-do (province) on the southern coast of Korea, defeated the Moroccan city of Tangier and the Polish city of Wroclaw in secret balloting held during the general conference of the International Exhibitions Bureau (BIE) in Paris on Monday.
"Along with the entire Korean people, I’m pleased at the news of Yeosu winning the right to host the 2012 World Expo. I send particular congratulations to the citizens of Yeosu and Jeollanam-do" said Roh in the message.
[Korea.net News, Government Press Releases, December 3 2007] Exchange Visits of Korea and ASEAN Government Officials and Media People
1. The Government of the Republic of Korea has been organizing the Exchange Visit of Korea and ASEAN Government Officials and the Exchange Visit of Korea and ASEAN Media People as part of cooperation projects between Korea and ASEAN every year since 1999.
2. 32 journalists from 10 ASEAN Member States will visit Korea from December 2 to 8, 2007, and visit relevant organizations such as the Ministry of Environment and the Korea Water Resources Corporation and relevant facilities such as the nuclear power plant in Uljin and the Daecheong Dam under the theme of "Protection of Natural Resources and Sustainable Development".
1. The Government of the Republic of Korea has been organizing the Exchange Visit of Korea and ASEAN Government Officials and the Exchange Visit of Korea and ASEAN Media People as part of cooperation projects between Korea and ASEAN every year since 1999.
2. 32 journalists from 10 ASEAN Member States will visit Korea from December 2 to 8, 2007, and visit relevant organizations such as the Ministry of Environment and the Korea Water Resources Corporation and relevant facilities such as the nuclear power plant in Uljin and the Daecheong Dam under the theme of "Protection of Natural Resources and Sustainable Development".
[Korea.net News, Government Press Releases, November 27 2007] 2012 World Expo to be held in Yeosu
1. Yeosu was selected as the host city of the International Exposition in 2012 at the 142nd General Assembly of the Bureau International des Expositions (BIE) held in Paris on November 27 (KST). Yeosu received 77 votes at the second round of vote, 14 votes more than Tangier, Morocco with 63 votes.
2. The Government of the Republic of Korea, together with the people of Korea, would like to celebrate this triumph of pan-national diplomacy based on the ardent wish and passionate support of all Koreans through joint efforts by the Government, the Bidding Committee, local self-governing bodies and the economic circle.
1. Yeosu was selected as the host city of the International Exposition in 2012 at the 142nd General Assembly of the Bureau International des Expositions (BIE) held in Paris on November 27 (KST). Yeosu received 77 votes at the second round of vote, 14 votes more than Tangier, Morocco with 63 votes.
2. The Government of the Republic of Korea, together with the people of Korea, would like to celebrate this triumph of pan-national diplomacy based on the ardent wish and passionate support of all Koreans through joint efforts by the Government, the Bidding Committee, local self-governing bodies and the economic circle.
[Korea.net News, Government Press Releases, November 27 2007] President congratulates Korean delegation on successful Expo bid
President Roh Moo-hyun sent a congratulatory telegram this morning to the Korean delegation for its successful bid to host the 2012 World Expo. Yeosu was selected as the host city for the 2012 International Exposition at the 142nd session of the BIE Assembly General held early this morning (KST) in Paris. The following is the full text of the President’s message.
Along with all Koreans, I am pleased at the good news that Yeosu was selected as the host city for the 2012 World Expo. I offer my special congratulations to the citizens of Jeollanam-do and Yeosu city.
President Roh Moo-hyun sent a congratulatory telegram this morning to the Korean delegation for its successful bid to host the 2012 World Expo. Yeosu was selected as the host city for the 2012 International Exposition at the 142nd session of the BIE Assembly General held early this morning (KST) in Paris. The following is the full text of the President’s message.
Along with all Koreans, I am pleased at the good news that Yeosu was selected as the host city for the 2012 World Expo. I offer my special congratulations to the citizens of Jeollanam-do and Yeosu city.
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