What's Up Korea?

Welcome to my news blog. I will let you guys know the truly dynamic aspect of Korea. Please be interested and animated!

Monday, October 22, 2007

- GNP issues a report named “Lost 10 Years” listing 10 ‘lost things’ during the two liberal governments’ staying in power, to counter President Roh’s recent remark of “some people say about ‘lost 10 years,’ and if there is anything lost, please report to me, I will get it back to you."

- Lotte Tour CEO Kim Ki-byong reiterated his willingness to pursue Kaesung tour program.

- Headhunters most favor Yonsei Universtiy as job applicants’ school, and Samsung as their former employer, a research on 115 headhunters shows.

- Sexual harassment in subways happens most frequently in line 2 and 4, with 490 out of the total 610 cases in these two lines. Rep. Lee Jae-chang suggests making a female-only carriage.

- Investing in North Korea will be easy as the finance ministry makes a revision to laws related to the matter to streamline investment process. For small investment, paperwork is to be reduced significantly or exempted, and the Export-Import Bank of Korea will manage all information on North Korea investment.

- Foreign investment banks rush to Korea to open their business. Merrilllynch International Bank, Lehman Brothers Bank House, and German Land Baden-Württemberg bank have all submitted to the FSS preliminary permission applications.

- 'House husband,’ who stays at home, taking care of children and doing house chores, has increased more than 40 per cent in the space of three years, reported a national statistics office. The number stood at 151,000 last year, 42 per cent up from 106,000 in 2003.

- Korea Exchange says market capitalization of LG group and SK group surged by 69 per cent and 36 per cent, respectively, while those of Samsung goup and Hyudai motors stayed below the average increase rate of 31 per cent, with 17 per cent and 10 per cent, respectively.

- 'Haebichi Society Contribution Committee’ celebrates its opening this morning at Hyundai Kyedong office. The foundation, comprising of seven members, will manage the donation Chung Mong-koo promised to give to ‘society.’ Haebichi means ‘sun shines.

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