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TMCnet.com: Seoul to increase Internet speed 10-fold by …

Seoul :: South Korea | about 15 hours ago | No category

Source: Uinta County News

The government also vowed to raise its administrative transparency ranking from 36th in the world to 20th in the same period, while boosting the utilization ratio of its electronic government service from 41 percent to 60 percent. To that end,...

2 news stories / 0 blog posts / 3 images / 0 videos / 0 voices

S. Korea to inject $690 mln into troubled savings banks

Seoul :: South Korea | 1 day ago | Business News

Source: Xinhuanet.com

South Korea's financial watchdog Wednesday announced its plan to inject 1 trillion won (690 millionU.S. dollars) in public funds this month to prevent the collapse of savings banks. According to the Financial Services Commission (FSC), 89 savings banks whic h...

2 news stories / 0 blog posts / 6 images / 0 videos / 0 voices

South Korea to recapitalise banks

Seoul :: South Korea | 2 days ago | Business News

Source: Financial Times

The Bank of Korea said it would make a windfall interest payment of 500bn won (€269m, $340m, £230m) on reserves deposited by domestic banks. Hoping to loosen lenders’ purse strings still further, the bank added it would also include bonds...

3 news stories / 3 blog posts / 15 images / 14 videos / 0 voices

Hyundai cuts all overseas production

Seoul :: South Korea | 2 days ago | Business News

Source: Sydney Morning Herald

The production cut, wider than initially announced, was revealed by management at a briefing on performance with union officials, union spokesman Chang Kyu-Ho said on Tuesday. "The management informed the union that the average output at all Hyundai plants overseas...

4 news stories / 9 blog posts / 21 images / 11 videos / 0 voices

Fed Cuts Key Rate

Seoul :: South Korea | about 1 month ago | Business News

Source: Fox News

The Federal Open Market Committee cut interest rates by a half percentage point Wednesday, clearly hoping to shore up investor confidence and prod a sagging economy. The move was widely expected on Wall Street. “It’s important for the market’s psychology...

35 news stories / 30 blog posts / 30 images / 30 videos / 0 voices

South Korea to Guarantee Foreign Debt

Seoul :: South Korea | about 1 month ago | Business News

Source: Washington Post

To shore up a tumbling stock market and a troubled currency, South Korea announced Sunday it would guarantee $100 billion of foreign debt and supply $30 billion to banks and exporters in urgent need of dollars. Amid a global financial...

22 news stories / 25 blog posts / 26 images / 30 videos / 0 voices

N.Korea's Kim in control, South's president says

Seoul :: South Korea | about 1 month ago | Political News

Posted by shravanvijayaprasad

SEOUL (Reuters) - South Korea's president said North Korean leader Kim Jong-il, who was thought to have suffered a stroke in August, was still in control of his communist state, according to an interview published on Wednesday. U.S. and South...

44 news stories / 2 blog posts / 20 images / 22 videos / 0 voices

North Korea proposes military contact with South

Seoul :: South Korea | about 1 month ago | Business News

Source: GMA News

South Korea – North Korea on Friday proposed a military meeting with South Korea, but also called its defense minister a traitor and a "reckless war maniac." Communist North Korea said it wants to discuss the "issue of military communication...

20 news stories / 17 blog posts / 25 images / 28 videos / 0 voices

Asian markets show signs of life!

Seoul :: South Korea | about 1 month ago | Business News

Posted by Majdy

After the big cut in the interest rate by the Australian Central Bank, Asian markets started showing signs of life. Main indices in South Korea, Taiwan, and Singapore all edged higher reacting positively to this bold move. RBA Gov. Glenn...

39 news stories / 5 blog posts / 3 images / 14 videos / 2 voices

South Korea Unveils Stimulus Plan

Seoul :: South Korea | about 1 month ago | Business News

Source: Asian Wall Street Journal

The South Korean government early Monday proposed a fiscal stimulus plan of tax cuts and new government spending amounting to 14 trillion won, or about $11 billion, for next year to help cope with the likelihood of slower economic growth....

19 news stories / 6 blog posts / 30 images / 24 videos / 0 voices