Economic Democracy

2012-02-05

Both ruling and opposition parties are advocating policies to democratize the economy ahead of the April general elections. They are gearing up ...

Best Near-Winner System

2012-02-05

The main opposition Democratic United Party (DUP) has decided to adopt a system in which a candidate who narrowly lost a parliamentary race can be ...

Jan. Trade Deficit

2012-02-05

The nation ran a trade deficit of over 1.9 billion dollars in January, ending its 23 month-long surplus streak which began in early 2010. The protracted ...

Conglomerate Reform : Contents & Prospects

2012-02-03

Best Near-winner System

2012-01-31

Debate over introducing the “best near-winner system” has emerged often in the nation given the deeply-rooted regionalism in Korean politics. ...

Probe Secures Testimony in GNP Bribery Scandal

2012-01-30

Testimony A former member of a Seoul district council says he received 20 million won from Ahn Byung-yong, the head of the Grand National Party's ...

Improving Long Working Hours

2012-01-29

President Lee Myung-bak has declared to improve the situation of long working hours in Korea. The government will begin to inspect working conditions ...

Global Economic Outlook and the Korean Economy

2012-01-29

In a report released Tuesday, the International Monetary Fund (IMF) sharply downgraded this year's growth forecast for the global economy from ...

Preliminary Candidates for General Elections

2012-01-29

Competition will be high in candidate nominations for the April eleventh parliamentary elections to the tune of nearly 15-hundred preliminary ...

Bakeries Run by Conglomerate Scions

2012-01-27

Attention is being drawn to whether bakeries and cafés run by third-generation scions of conglomerates will also halt operations following Hotel ...