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, January 03, 2008

- According to BoK, last November’s outflow capitals regarding overseas studying decreased 4.3 per cent compared to a year earlier, for the second time since September last year when the capital outflow marked minus 0.2 per cent growth rate.

- The Fair Trade Commission expands surcharge deduction rate to 20 per cent from the current 15 per cent for companies which voluntarily report price-fixing collusion or fully cooperate with the investigation by the antitrust agency.

- A sequel to the hit movie ‘Monster’ is to be produced against the backdrop of Cheonggye Stream. The movie is scheduled to be out next summer.

- Three telecommunication subsidiaries of LG Group takes one step further from ‘expressing concerns’ to file a document at the Information Ministry and the Fair Trade Commission, saying SK Telecom’s takeover of Hanaro Telecom should not be allowed on the grounds of the group’s monopolizing the market.  

- The presidential transition committee says the LMB government will remove governmental PR agency (국정홍보처) and recover briefing rooms.

- The presidential transition committee says the new government will more than halve the number of educational ministry staffs and distribute ministerial jobs to schools and other government agencies, measures which practically dissolve the ministry.

- The presidential transition committee is reconsidering LMB’s election pledges such as corporate tax reduction promise whether they are feasible.

- The Commerce Ministry said trade volume fell in the red in December last year, for the first time in four years and nine months, partly due to surging oil prices and rising raw material costs.

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