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Finance

Business

Sun, June 20, 2021 | 16:07

Korean economy grew through own framework

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.

2010-07-28 18:29

Korea becoming a hub for medical tourism

Although it is a relatively new player, Korea is emerging as a major destination for medical tourism. Its medical technology is considered one of the best in the world in terms of quality of services and speed. And Korean medical practitioners at leading hospitals are certainly some of the best in the world. The world’s media praise Korea’s cutting-edge medical technology, qu...

2010-07-26 16:36

Foreign advisors crucial for Korea’s development

Korea is the first country that has successfully transformed itself from an aid recipient to a donor nation. Categorized as one of the poorest countries with personal income of only $82 in 1961, Korea is forecast to see its personal income topping $20,000 later this year. After becoming the 24th member nation of the OECD-Development Assistance Committee (DAC) in November 2009...

2010-07-23 17:42

Study Korea emerges as new national brand

Korea is emerging as the "land of opportunity" for many foreign students. The number of foreign students enrolled in Korean universities stood at 75,000 as of 2009, up by 19 percent year on year. This is a four-fold increase from a mere 17,000 in 2004 when the government began keeping records. Korea can expect many positive effects from attracting foreign students including t...

2010-07-21 19:47

Iron and steel helped Korea’s industrial takeoff

In the early 1960s, Korea was targeting the establishment of the “Integrated Plant for Iron and Steel Production” strategy, not exactly a conceivable concept for an agrarian economy like Korea which at that time lacked capital, technology, manpower, and iron ore deposits. As a typical poverty stricken economy, Korea had yet to experience a simple transition from less to more ...

2010-07-19 18:41

Korea builds world’s largest shipyard out of nothing

South Korea started its first five-year economic development plan in 1962. The plan was a success and expanded the economy.

2010-07-16 20:22

Seoul 0lympics gave powerful impetus to great changes in South Korea

``Seul,’’ the French pronunciation of Seoul, is still vivid in the memory of most Koreans even 22 years after the somewhat unfamiliar pronunciation by the late International Olympic Committee (IOC)

2010-07-14 20:01

Korea moving forward to mature welfare state

Korea's welfare system has developed over the past 40 years from a bare structure to a relatively comprehensive social welfare program. After the Korean War ended in 1953, the government and the general public were focused on rebuilding the nation and pursued economic development.

2010-07-12 19:05

Carmakers succeed in localizing foreign models

Korea is the world's fifth largest car manufacturing country, and the industry serves as a core engine for economic growth. The industry has also been emerging as a leader of green growth businesses in the 21st century.

2010-07-09 18:24

Seoul plans renaissance of Han River

The Han River is about one kilometer wide as it flows through the city of Seoul. There are very few major cities around the world which have as wide a body of moving water as the Han, although the historically classical place to found a city is on the banks of a navigable river where it can be supplied by water-based transport and enjoy the benefits of a trading center as me...

2010-07-07 18:45

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