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Latest Grand National Party Stories

2009-07-06 16:27:16

South Korean officials have announced plans to create nearly 2 million green jobs during the next five years. The office of President Lee Myung-bak announced Monday that officials are aiming to make South Korea one of the top seven nations for green growth by 2020, the Yonhap News Agency reported Monday. Based on our past development experience that made possible the country's intensive development, but with more details than the economic development plans of the past, the five-year green...

2009-04-22 07:44:09

A South Korean parliamentary committee approved a free trade agreement with the United States, sending the deal to a plenary session for ratification. The free trade agreement, signed in June 2007, has found opposition in both countries, Yonhap news reported Wednesday. Before the vote in Seoul, opposition lawmakers held a press conference asking representatives to postpone the vote until lawmakers in Washington appeared more likely to endorse it. They also reviewed concerns over a lack of...

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2009-04-21 10:40:00

South Korean President Lee Myung-bak Tuesday said the country was taking unprecedentedly swift measures to dig itself out of the economic downturn. Lee told members of the Cabinet, The reason the OECD (Organization for Economic Co-operation and Development) predicted the speed of Korea's economic recovery will be the fastest is because we are taking unprecedentedly swift measures, his spokesman Lee Dong-kwan told reporters. The president called for guarded optimism. We must continue to...

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2009-03-23 15:15:00

South Korea's Presidential Council on Future and Vision said an initiative called the Human New Deal is aimed at supporting the country's middle class. The government "¦ believes a country with a strong middle class can overcome the economic crisis at an early date and secure an advantageous basis for a leap after the crisis, the council said in a statement, Yonhap News Agency reported Monday. It is important to bring people out of poverty, President Lee Myung-bak said. He called the...

2009-03-10 10:04:22

The South Korean president's office called for the National Assembly to ratify a free trade agreement recently called unacceptable in the United States. President Obama's nominee for U.S. Trade Representative Ron Kirk in confirmation hearings for the position Monday evening called the agreement with South Korea simply unfair. In his testimony, Kirk said the deal simply isn't acceptable. Hours later, a spokeswoman for the presidential office Kim Eun-hye urged passage of the agreement as it is,...

2009-01-05 08:04:45

South Korean President Lee Myung-bak will head a new council intended to combat the economic downturn, a government spokesman said. The council made up of bank officials and economic ministers will meet weekly in an Emergency Economic Situation Room, which presidential spokesman Lee Dong-kwan called the war room, Yonhap news agency reported Monday. In his New Year's speech last week, Lee said he would run an emergency economy government. We are trying to speed things up because we are facing...

2008-12-27 15:35:29

South Korean President Lee Myung-bak said Saturday his country will suffer its first period of negative economic growth in a decade. Lee blamed the situation on the global financial problem, Yonhap News Agency reported. On an annual basis, Korea may attain some economic growth, but may undergo economic contraction in the first and second quarters, Lee said. Few countries worldwide will attain economic growth between the fourth quarter of 2008 and the first quarter of 2009. The Korean economy...

2008-08-26 06:00:51

Text of report in English by South Korean news agency Yonhap [Yonhap headline: "China's Hu Meets S. Korean Business Leaders"] Seoul, Aug. 26 (Yonhap) - Chinese President Hu Jintao urged both Seoul and Beijing Tuesday to strengthen bilateral economic cooperation to overcome challenges posed by what he called an "unstable global economic situation." Hu, in a speech to business leaders here on the final leg of his two-day visit to Seoul, said South Korea and China have positive conditions...

2008-08-05 09:00:03

U.S. President George Bush arrived in Seoul for talks with his South Korean counterpart on military, economic and diplomatic issues. Discussions between Bush and South Korean President Lee Myung-bak also were expected to touch on the recently resumed U.S. beef imports, as well as North Korea's denuclearization, Yonhap News Agency reported. Bush and Lee are expected to release a joint statement Wednesday that reaffirms their commitment to a forward-looking U.S.-South Korea alliance, South...

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2008-08-04 06:15:00

South Korea's unpopular young government is having second thoughts about the benefits of running the world's most wired society. The easy access of its citizens to the Internet, which helped Lee Myung Bak to his resounding presidential election victory, went on to help shatter that popularity in just five months in office. Now the government is working on new rules to rein in the excesses of its Internet users and bring some control to the information, and disinformation, that bombards...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.