Country Reports

SEOUL, KOREA — One of largest mobile carriers in Korea, KT (Korea Telecom) fell victim to hackers who have tapped its customers' personal data for 5 months starting Februay this year.

SEOUL, KOREA — More than 8 out of 10 Korean consumers(82 percent) think that Korea is in an economic recession, according to a new study from Nielsen, a leading global provider of information and insights into what consumers watch and buy. Nielsen’s study shows that more than half of these respondents (53 percent) say that Korea will not be out of recession in the next 12 months.

SEOUL, KOREA — Recent reports in the foreign press have taken a closer look at Korea’s past development and its current progress as a leader in technological innovation and business.

The June 24 edition of Spain’s largest daily newspaper El Pais included a special two-page spread on Korea’s importance as a launch site for future technologies and trends.

RIYADH, SAUDI ARABIA — According to MEED, a Middle East business magazine, the scale of construction plant projects that are either in progress or being planned in the Middle East amounts to USD 2.5 trillion. Saudi Arabia is responsible for USD 750 billion, about 30 percent of the total, reaffirming its status as the top market in the region.

SEOUL, KOREA — This year’s February 25 will mark the fourth anniversary since The President’s inauguration in 2008, when he set out to revive the economy and make Korea a contributing member of the international community through diplomacy.

SEOUL, KOREA ― The Ministry of Environment aims at raising an understanding and development of environmental industry policies and support projects. The  Ministry will hold a briefing session at the Seoul Trade Exhibition & Convention on January 31.

SEOUL, KOREA - The 63^rd Republic Day of India was celebrated today by members of the Embassy of India and the Indian community with great enthusiasm, at the Indian Cultural Centre, Seoul.

 President Lee Myung-bak and U.S. President Barack Obama agreed on October 13 (Washington time) to increase the scope of the Korea-U.S. alliance. At a summit in the White House in Washington, D.C., the two leaders agreed that the ratification of the Korea-U.S. free trade agreement (FTA) will advance the Korea-U.S.

A famous Korean saying goes, "Reach Gangnam (southeast part of Seoul that is a symbol of wealth and education) following friends." Korea came a long way by following good examples of many fri