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!

Tuesday, October 02, 2007

[Summit related headlines]

- Live TV shows Kim Jong Il himself came out to meet President Roh, as he did with former President Kim Dae-jung.

- Internet portal site DAUM will deliver live footages of important parts of inter-Korean summit on its webpage for the coming three days.

- The government set a special stone carved with “Road to cement peace, road to go toward prosperity,” on the South Korean part of the road where President Roh walked. President Roh and first lady Kwon wear a Made-in-Kaesung Romanson watch worth W198,000.

- According to the government, Seoul will propose establishing inter-Korean agriculture development zone in Kaesung and Mt. Kumkang areas.

- According to the ministry of culture, the number of people exchanges between the South and the North in 2006 fell 13.5 per cent to 688,006 from 822,173 in 2005. Foreigners are only 0.8 per cent of the number. North Korean visitors to the South last year number only 496, who came mostly for official government missions.

- The ministry of construction predicts South Korea will need 730,000 houses for North Koreans coming south looking for jobs when and if the two Koreas unite.

- Real estate sources near the border areas such as Yeonchen, Churlwon and Paju say they receive a barrage of inquiries on property investment opportunities around the area.

- The number of foreign reporters registered at Seoul Press Center to cover the second summit fell sharply to 300 from 500 in 2000. A reporter from the FT asked Lee Jae-joung what Seoul would get after giving lots of things to North Korea.

Seoul has sent about 20 loads of trucks carrying equipment, presents, and food etc, more than twice as much from the first summit.

[other headlines]

- Top internet portal sites changes its practice of hiring experienced workers, amid increasingly lack of talents, to employing fresh college students whom they will educate and nurture into professional software developers.

- Prosecutors seized W4-5 bn from the house of Park Moon-soon, the wife of former Ssangyong chairman and head of Seongkok art center, where Shin Jung-a used to work, on suspicion that the money might be parts of slush funds related to Ssangyong.

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