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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

G20 Seoul Summit to end Korea Discount

This interview is part of a package of articles highlighting Korea’s preparations for the Nov. 11-12 G20 Summit slated for Seoul, marking the D-100 day for the summit today. — ED. By Kim Jae-kyoung For Korea, 2010 will be a milestone year as the country will be the first host and chair of the G20 Summit from the Asian region as well as from the emerging world. The hosting of the international gathering has two key implications for Asia’s fourth largest economy. One is that the Seoul Summit will be a ceremony where Korea officially joins the league of advanced economies. The other is that Korea will upgrade its status to a “rule maker” from a “rule taker” by taking an initiative in setting the key agenda during the G20 process. Sakong Il, chairman of the Presidential Committee for the G20 Summit, believes that the G20 Seoul Summit will give the finishing touch to the country’s decades-long efforts to become a force in the global community. “I believe that the successful hosting of the G20 Summit will verify Korea’s elevated status in the global community by boosti

Aug 2, 2010By Kim Jae-kyoung
  • Korea ready to bridge gaps among G20 nations

Leaders to seek shared growth in Seoul

South Korea ■ President Lee Myung-bak (69) ■ Took office in February 2008 ■ Lee was once dubbed a legend of office workers for his fast rise to the CEO position of Hyundai Engineering and Construction. He served as a lawmaker from 1992 and 1998 and as mayor of Seoul from 2002 and 2006. His hobbies include tennis and swimming. European Union ■ EU President Herman Van Rompuy (63) ■ Took office in December 2009 ■Van Rompuy was elected as the first full-time president of the European Council last year under the Lisbon Treaty. Born in Brussels in 1947, he majored in philosophy and economics at the Catholic University of Leuven. He was prime minister of Belgium in 2009. Argentina ■ President Christina Fernandez de Kirchner (57) ■ Took office in December 2007 ■ Kirchner took over the presidency from her husband, Nestor Kirchner, becoming the world’s first couple to have been separately elected as the head of state. She is also Argentina’s first elected female president. Australia ■ Prime Minister Julia Gillard (48) ■ Took office in June 2010 ■ Gi

Aug 2, 2010

Models of Lotte Mart pose in front of the vending machine ...

Aug 1, 2010

Woori Bank has launched a pre-paid payment card for ..

Jul 30, 2010

Kang Yu-sig, right, vice chairman of LG Group, poses with ..

Jul 30, 2010

Kids from multicultural families pose with Korean kids and the ..

Jul 30, 2010

Korean artists excel once given opportunity

By Mark Russell Coming out of the wreckage of the Korean War, Seoul was mostly rubble, with some 80 percent of the city leveled. Everything would have to be rebuilt. But with materials and money in short supply, that reconstruction needed to be prioritized. So it is telling that two of the earliest buildings constructed after the War were movie theaters. Built with money from organized crime, actually. It is a sign of how important cinema and entertainment was, and is, to people in Korea. And although all the arts have had their ups and downs over the years, few people could have imagined in 1950 how big and influential Korean entertainment would become, both at home and abroad. By the 1960s, the Korean movie industry was booming, producing hundreds of films each year as people flocked to theaters in incredible numbers. Many of the directors of this period have become legends, producing famous films that have earned praise from around the world. Sadly, though, the good times did not last. First came television, and as in most countries around the world, television took

Jul 30, 2010

Citibank Korea CEO Ha Yung-ku, left, gives sliced watermelon ...

Jul 29, 2010

Ahmed Subaey, CEO of S-Oil, shakes hands with the son of a ..

Jul 28, 2010

Korean economy grew through own framework

By Kim Pan-suk Professor of Public Administration at Yonsei University, Wonju Campus Korea is one of the success stories in development administration. Korea has become a major economic powerhouse. Its growth is a good example of late industrialization, a process in which a nation's industries learn from earlier innovating nations. The government itself led the industrialization drive. It took on developmental functions to catch up with developed countries. In general, Korean development was made through concerted efforts of government, business, and an educated labor force. A steady inflow of foreign investment and a favorable international environment are also attributable to this successful development. In Korea's industrialization, however, the government played a critical role through its industrial policy and state control of finance. During the period of rapid economic growth, the relationship between government and business has been unusually close, with government clearly in the driver's seat. The elite bureaucrats within the central government envisaged

Jul 28, 2010
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