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Issues
Presidential Inauguration
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Thu, February 2, 2023 | 21:31
‘We Shall Open a Road to Advancement’
‘We Shall Open a Road to Advancement’
I have received your call and today, I stand here before you as the 17th-term President of the Republic of Korea.
2008-02-25 22:39
[Image of Inauguration] Presidential Inauguration
Image of InaugurationPresidential Inauguration
An official of the Ministry of National Defense fixes the position of President Lee Myung-bak’s portrait on the wall of the ministry’s conference room.
2008-02-25 22:27
Budget Reduction Planned to Restore Fiscal Soundness
The new government plans to cut state budget by 10 percent next year through the removal of wasteful spending in a bid to restore fiscal health.
2008-02-25 22:11
[Privatization] Privatization of State Firms to Gather Steam
PrivatizationPrivatization of State Firms to Gather Steam
The new government is seeking to raise the financial industry's global competitiveness by privatizing state-owned lenders and easing rules on investment in financial firms.
2008-02-25 22:08
PrivatizationIndependence of Central Bank Will Be Tested Under New Leader
The new government's growth-oriented policy is likely to affect the central bank's hawkish monetary stance, pushing it to adopt growth-spurring measures despite inflation risks.
2008-02-25 22:06
[Tax Cut] Tax Cuts Eyed to Fuel Economic Growth
Tax CutTax Cuts Eyed to Fuel Economic Growth
The Lee Myung-bak administration will likely choose tax cuts as a primary tool to achieve higher economic growth and strengthen the country's long-term potential.
2008-02-25 22:03
Bear Rampages Through Seoul Stock Markets
It's a bird, it's a plane, no, it's what all investors most fear ― a bear. Over the past two years, the stock market enjoyed a bullish run with investors reaping high gains either through direct or indirect investments.
2008-02-25 22:01
[Slim Government] Lee Seeks Small Government, Big Market
Slim GovernmentLee Seeks Small Government, Big Market
President Lee Myung-bak's economic policies are based on a ``small government, leaving it to the market.''
2008-02-25 21:57
[Slim Government] Slim Government, Big Market Are Global Trend
Slim GovernmentSlim Government, Big Market Are Global Trend
President Lee Myung-bak pledged to introduce a small government and big markets. According to the Samsung Economic Research Institute (SERI), successful economic reformers around the world chose small government, helping their countries make a leap forward.
2008-02-25 21:54
[Deregulation] Support for Small Firms to Get Big Boost
DeregulationSupport for Small Firms to Get Big Boost
The new government is expected to focus more on creating solid partnerships between large, and small- and medium-sized companies (SMEs) as President Lee Myung-bak's economic policymakers have generally agreed that strong relationships between the firms will be one of the keys to making the country ``business friendly.''
2008-02-25 21:51
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Top 10 Stories
1Garbage collector mistakes sex doll for corpse Garbage collector mistakes sex doll for corpse
2Free subway rides for elderly emerge as headache for Seoul mayor Free subway rides for elderly emerge as headache for Seoul mayor
3Korea seeks measures to better protect foreign workers Korea seeks measures to better protect foreign workers
4Retailers return to Myeong-dong as more foreign tourists visit Retailers return to Myeong-dong as more foreign tourists visit
5Samsung unveils new Galaxy S23 smartphone Samsung unveils new Galaxy S23 smartphone
64 South Korean activists arrested for executing orders from Pyongyang 4 South Korean activists arrested for executing orders from Pyongyang
7Is non-consensual sex not rape? Is non-consensual sex not rape?
8President pledges support for Korean chipmakers to overcome crisis President pledges support for Korean chipmakers to overcome crisis
9Seoul city council under fire for sexual conduct guidelines for teachers Seoul city council under fire for sexual conduct guidelines for teachers
10Income gap widening among workers Income gap widening among workers
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