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The cruise ship named the Norwegian Epic has been ...

Ppalli ppalli facilitated Miracle on Han River

By Hwang Hie-shin Principal research fellow at Korea Institute of Public Administration Undoubtedly Korea. This was Peter Drucker's answer to a question on which country was the number one practitioner of entrepreneurship. Only 60 years ago, there was no industry and no highly-educated people in Korea. Today the country is a leading economic powerhouse armed with world-class industries such as Samsung, LG, Hyundai and etc. In 60 years since the end of the Korean War, South Korea achieved phenomenal rapid development and transformed herself from a poor agrarian country into a leading industrial country. Transformation that took more than a century to achieve in most nations was shortened to only half the time in Korea. This economic success story became known as the "Miracle on the Han River" and has served as a role model for many developing countries. What were the major factors behind this "miracle"? What are the distinctive characteristics of the Korean people which ascribes to this success? Korea's progress can be attributed to various aspects and features. This

Models demonstrate mobile WiMAX connectivity from ..

Woori Investment & Securities CEO Hwang Sung-ho, center,

Financial Supervisory Service (FSS) Governor Kim Jong-chang ...

“Ambassadors” from Coca Cola Korea and racing models ...

Turkish President Abdullah Gul, right, shakes hands ...

Korea Post President Namgung Min, left, presents postage ...

Korea exports knowhow on airport management

By Lee Chae-wook President & CEO at Incheon International Airport Corporation (IIAC) At 4:46 a.m. March 28, 2001, not only officials of Incheon International Airport (IIA) but government dignitaries, the media and representatives from the aviation industry worldwide were holding their breath and fixing their eyes on the runways. It was an exciting moment, having the eyes of the world glued on Korea’s new gateway. Some were eager to see the dream come true, and some looking for a scoop or exclusive camera footage if things went awry. Amidst such public attention Asiana flight 3423 landed softly from Bangkok showing the world the flawless opening of the airport. And in the nine years since, the IIA has achieved many successes in every step it took. The flashy opening was reputed as the perfect showcase, after a number of new airports including Denver Airport in the U.S., Hong Kong Airport, Athens Airport in Greece, Kuala Lumpur Airport in Malaysia, and Kansai Airport in Japan experienced operational failures before or after their opening. Some of them required massive

Korea’s path from poverty to philanthropy

By Kongdan Oh Non-resident senior fellow at the Brookings Institution On a beautiful May day in 2009, President Lee Myung-bak held an impressive ceremony at Cheong Wa Dae to inaugurate World Friends Korea, the country’s version of the Peace Corps. The President and first lady were surrounded by a group of smiling young volunteers who were preparing to travel abroad to build a better global village. This was quite a change from the early days of the country when Koreans depended on foreign aid to help them recover from the Korean War. The early struggle I remember what it was like growing up in Korea in the 1950s and 1960s. Per capita income was less than $100 - about what it is today in the poorest south Asian and African countries. The Korean War of 1950-1953 devastated the country, killing and injuring millions of people and scaring those who survived. In the early days of the war North Korean soldiers poured across the border and swept through most of South Korea, and in the aftermath of the war the economy was ruined and millions of families were separat