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!

Thursday, November 22, 2007

- Amid mounting suspicion over Samsung’s illegal activities, the company appears to shore up its security system. A SDS employee who asked not to be named said “the group and Samsung Electronics start upgrading computers, which is not the usual one because it makes deleted data impossible to be recovered,” and “I understand it(upgrading) will soon be done in other affiliates as well.” Meanwhile Samsung Securities has also started checking on company PCs.

- Kim Kyung-jun’s mother will arrive in Korea tomorrow to visit his son and she is believed to hand-deliver purported original contracts with LMB.

- Public health insurance fee will go up 6.4 per cent next year.

- For the past 10 years, only 52.9 per cent of the public money, or W89.1 trillion, poured into struggling companies after the Asian financial crisis has been retrieved.

- Income tax revenue has increased by a whopping 80.5 pre cent for the past 4 years, more than double national tax revenue growth rate of 38.1 per cent, due to steady rise in labor, property and transfer income taxes.

- Stock funds balance has been reduced by W13 trillion this month.

- BOK is to receive voluntary early retirements from employees who have been working for more than 20 years, in order to speed up promotion. Top senior employees who ask early retirement can be rehired, if they wish, as a contract worker to work on long-term researches.

- The Investigative Commission on Pro-Japanese Collaborators’ Property ruled on 8 descendants of pro-Japanese collaborators to return their lands to the country, which will be used for independent fighters’ offspring and related businesses.

-Korea takes the lead in officially establishing WTA(World Toilet Association) aimed at helping out 2.6bn people worldwide who live without a loo. The opening ceremony was held in the COEX convention center this morning, in which welfare and environment officials from 60 countries attended.

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