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Tue, August 20, 2019 | 07:30

Conservatism, Pragmatism, Globalism Sweeping Korea

Since his landslide victory on December 19, President-elect Lee Myung-bak has been busy designing his “Global Korea” projects.

2008-01-30 23:30

Smaller But Efficient Administration to Come

President-elect Lee Myung-bak, who won a landslide victory in the Dec. 19 presidential election, has said his government will be smaller but more efficient and pragmatic.

2008-01-30 23:22

Local Banks Look Beyond Home Market

Globalization has increasingly become a life-or-death matter for Korean lenders, as Kookmin Bank CEO Kang Chung-won once stated, amid the negative outlook for their bottom lines.

2008-01-30 23:14

Korea Takes Aim at Top 10 Tourist Destination

The Presidential Transition Committee is devising measures to boost the competitiveness of the country's tourism sector, with the aim of making Korea one of the top 10 countries for tourism by 2012.

2008-01-30 23:07

SeouL Transforming Into International City

President-elect Lee Myung-bak will seek to develop Seoul as an international city upon his inauguration.

2008-01-30 23:03

Will Pro-Chaebol Policy Help Revive Economy?

President-elect Lee Myung-bak's power transition committee is speeding up efforts to ease various regulations on private enterprises. Largely hailed by chaebol, his ``business-friendly'' policies could backfire, however, by increasing the socioeconomic polarization.

2008-01-30 22:58

‘747’ Project Undergoes Test

President-elect Lee Myung-bak has pledged to place a greater priority on strengthening Korea's growth potential through tax cuts and deregulation to encourage companies to expand investments in facilities and research and development (R&D).

2008-01-30 22:50

Welfare Policy Expected to Undergo Overhaul

The incoming Lee Myung-bak administration aims to apply economic principles to its welfare policy, emphasizing ``focus and efficiency'' as it concentrates its resources on resolving the low-birth rate and improving childcare, and giving the retired elderly jobs and medical care.

2008-01-30 22:41

Lee to Ease Bank Ownership Regulations

President-elect Lee Myung-bak has emphasized that he would be a business friendly president, boosting investment through deregulation. Among his key pledges for conglomerates is the easing of bank ownership rules.

2008-01-30 22:39

Non-Permanent Workers Pose Major Challenge for Incoming Government

The whole nation is abuzz over the changes President-to-be Lee Myung-bak would bring to the society. Some dream of deregulation and autonomy while others frown over their downsized organizations or the side effects the unlimited competition would bring.

2008-01-30 22:32

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