SEOUL, May 31 (Korea Bizwire) – The South Korean government is ramping up its efforts to tackle the problem of air pollution by subsidizing natural gas-powered buses for transport operators. In a cabinet meeting held yesterday, Deputy Prime Minister and Minister of Finance and Strategy Yoo Il-ho reviewed and took a vote on a new reform [...]
SEOUL, Jul. 25 (Korea Bizwire) — South Korea’s finance minister on Sunday said the country’s exports are anticipated to rebound in August, although uncertainties still remain after Britain’s exit from the European Union. “(The recovery) may come in August,” Finance Minister Yoo Il-ho said in a meeting with Korean reporters during his visit to China [...]
SEOUL/SEJONG, Feb. 11 (Korea Bizwire) – South Korea’s new economic policy team led by Finance Minister Yoo Il-ho is facing tough challenges as domestic and overseas developments threaten to drag down growth down the road, local observers said Thursday. The warning comes as slowdowns in China and emerging markets, contracting exports and weakening domestic consumption [...]
SEOUL, June 25 (Korea Bizwire) – When former President Lee Myung-bak tried to persuade Koreans about the benefits of his Four Major Rivers Restoration Project, he spoke of the practical usage of the water resources in the rivers. To avoid widespread suspicion that the project would be a canal linking the Han River and Nakdong River, he [...]