Articles by 고영아
고영아
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30 firms to be trained for globalization
Policymakers are set to start offering a support package for 30 promising medium-sized local enterprises from May, aiming to foster them as globally successful firms, the Ministry of Knowledge Economy said on Sunday.The plan, which involves the cultivation of administrative, research and marketing skills, is part of action plans for the roadmap unveiled by the government last March, dubbed “World
Industry Feb. 20, 2011
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Korea to spend W60b to reshape industrial complexes
The government and private sector will organize a 60 billion won ($53 million) fund this year to be used for reshaping the country’s lagging industrial complexes, the Ministry of Knowledge Economy said Sunday.The investment is part of the Quality of Working Life Valley project launched by the government in October, which is aimed at reinvigorating old industrial sites to attract more young workers
Feb. 20, 2011
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Bahrain security forces fire on defiant protesters
MANAMA, Bahrain (AP) – Security forces opened fire Friday on Bahraini protesters for a second straight day, wounding at least 50 people as thousands defied the government and marched toward Pearl Square in an uprising that sought to break the political grip of the Gulf nation's leaders.Once again, Bahrain authorities showed no hesitation in using force against demonstrators who ramped up demands t
Latest News Feb. 19, 2011
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G20 stung by faster inflation as dispute rages on imbalances
Group of 20 policy makers, at odds over smoothing over global economic imbalances, confront a new threat as higher inflation ripples from emerging markets to advanced economies. A report of greater-than-expected U.S. inflation yesterday followed a jump in the European cost-of-living index to a two- year high and a pickup in Chinese prices, further fraying a tentative global consensus over how to s
Latest News Feb. 19, 2011
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S. Korean finance minister calls for continued reform of financial system
PARIS -- South Korea's top economic policymaker on Friday urged financial and economic leaders of the world's major countries to continue efforts to stabilize the global financial system if they intend to strengthen the economy and tackle the issue of global imbalance."The financial system needs to maintain stability to strengthen the real economy and reduce global imbalance," Finance Minister Yoo
Latest News Feb. 19, 2011
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GS chief to head FKI
GS Group chairman Huh Chang-soo was tapped on Thursday to head the Federation of Korean Industries, the country’s largest business organization. The FKI said its executive board and advisers unanimously nominated him as new chairman during their meeting on the day.The 62-year-old chief of the nation’s seventh largest business group had already accepted the offer, it added. Huh Chang-sooHe will su
Industry Feb. 17, 2011
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South Korea, Japan, Europe vie for Brazil bullet train project
The bid for Brazil’s planned $20 billion bullet train venture slated for April is shaping up to be a three-way race between South Korea, Japan and Europe, a Seoul official said Thursday.The head of the Latin American country’s transport regulator ANTT Bernardo Figueiredo said this week that at least three consortia will be competing for the right to build and run a high-speed railway in country. C
Industry Feb. 17, 2011
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KITA to step up support for small exporters, service firms
Chairman SaKong calls for need to foster services industry, FTAsThe Korea International Trade Association will boost support for small and medium exporters and the services sector to help the country achieve $1 trillion trade this year, its chairman SaKong Il said Thursday.“The Korean trade industry achieved a notable result last year despite the sluggish global economy. We have become the world’s
Industry Feb. 17, 2011
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Hyundai Heavy honored for excellent designs
Hyundai Heavy Industries won awards at the 2011 Design Award of the Federal Republic of Germany, the world’s largest shipbuilding firm said Wednesday.The winning products were two types of HiMSEN medium speed marine diesel engine and ship monitoring system ACONIS-DS (advanced control & integration system), the firm said.The HiMSEN engine is an environmentally friendly model which boasts higher out
Industry Feb. 16, 2011
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Incheon Airport named world’s best for 6th year
Incheon Airport was selected the Best Airport Worldwide for the sixth consecutive year. (Yonhap News)Incheon International Airport was selected the Best Airport Worldwide in Airport Service Quality in 2010 for the sixth consecutive year, beating rivals Changyi Airport of Singapore and Hong Kong International Airport, The Ministry of Land, Transport and Maritime Affairs said Tuesday. It is the firs
Industry Feb. 16, 2011
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Korea strives to curb home rent prices
Policymakers plan to expand financial benefits for tenants and further ease regulations to control surging housing rent prices in the country, the Ministry of Land, Transportation and Maritime Affairs said Friday.The latest set of measures is particularly targeted at reducing the deposits for “jeonse,” a Korean rent system under which tenants pay a lump-sum deposit to rent a house for a certain te
Feb. 13, 2011
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SK Innovation to focus on new markets, tech revolution
SK Innovation Co. CEO Koo Ja-young said Thursday that the firm will speed up the technology revolution and investments in new growth engines with a sales target of 5 trillion won ($4.4 billion) by 2015.The firm, parent of the nation’s biggest oil refiner SK Energy, spun-off of its petroleum and petrochemical operations on Jan. 1. Koo saw the future of the firm in world-leading technologies such as
Industry Feb. 10, 2011
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Refiners’ profit margins not small: minister
New Minister of Knowledge Economy Choi Joong-kyung Thursday reaffirmed the government’s intent to intervene in the local refining market to contain the recent petrol price hike.“The profit margins of local oil companies are 3 percent, even after giving out salaries. Considering that they do not have many other costs, the figure is not at all small compared to those of other manufacture industries,
Feb. 10, 2011
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Seoul petrol prices hit 30-month high
Policymakers, refiners argue over whether the cause is tax or profit marginsThe average price of regular unleaded gasoline in Seoul broke through the 2,000-won level for the first time in more than 30 months on Wednesday, despite the government’s recent efforts to control the country’s rising fuel prices.According to state-run Korea National Oil Corp., the price of regular unleaded gasoline on Tue
Feb. 9, 2011
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Central government to directly manage rivers
The central government plans to tighten its grip on the management of water resources nationwide in a move apparently aimed at expediting its controversial river renovation projects. The work to clean up and develop Han, Nakdong, Geum and Yeongsan rivers has been delayed by the recalcitrant provincial governments in charge of them. The Ministry of Land, Transportation and Maritime Affairs said Tue
Feb. 8, 2011
