중앙데일리

Experience Ancient Korea in Virtual Reality

The Kyongju of 1000 years ago is no longer a place that exists only in legends or in the imagination. People can now visit the Shilla Dynasty capital in virtual reality. The biggest virtual reality theater in the world will serve as a time machine that transports people to the Shilla dynasty during its most prosperous period. The theater will be featured at the upcoming ＇2000 Kyongju World Cultural Expo,＇ which runs September 1 to 10. The v…

Aug 20,2000
A Week of Mixed Emotions

We have all witnessed this week a drama of grief, trauma, surprise and joy that at times brought mixed feelings of pain, anger, discomfort, relief and hope. This has truly been an emotionally kaleidoscopic and difficult week. The reunion of family members after 50 years of separation, of not knowing whether a mother, father, child, brother, sister, husband or wife was alive, was a remarkable event to watch and for most of the world an unbeli…

Aug 18,2000
Government Committed to Restructuring the Banking Industry

In the first gathering with bank chairmen since his appointment as Minister of Finance and Economy, Jim Nyum made clear the government＇s commitment to restructure the banking industry. At the August 17 meeting, held at the Korea Federation of Banks, Jin explained, ＂When the banks fail to play their roles to the fullest, the result to the nation＇s economy and businesses will be detrimental. The government is determined to reshape the banking …

Aug 17,2000
SERI Selected 10 Issues of the Korean Economic and Social Sectors

The Samsung Economic Research Institute (SERI) on August 16 selected 10 problems facing the domestic economic and social sectors as priority issues to be dealt with by the government. The most important problem facing tha nation according to SERI is the dual problem of a credit crunch and the delay in restructuring the financial sector. The slow pace of normalization for companies under workout programs was also cite as an important business prob…

Aug 16,2000
President Kim's Liberation Day Message

President Kim stated Monday August 14 that he will propose the formation of three joint committees to handle inter-Korean military, economic, and social-cultural matters at the upcoming ministerial-level meetings between the two Koreas. President Kim mentioned that this proposal will be included in his Liberation Day speach on August 15. In addition, he said that as a way to further ease the tension between the South and North, a milita…

Aug 14,2000
Chaebol Families＇ Financial Dealings Investigated

The National Tax Administration (NTA) is reportedly examining the financial accounts of the family owners of conglomerates or ＇chaebol＇, such as Hyundai and Samsung. This comes on top of its current investigation into the movement of stocks within the conglomerates. The NTA announced on August 13 that its efforts to trace the movement of stocks within the families - overlooked for five years - have been prolonged by the additional investiga…

Aug 13,2000
Inter-Korean Fiber Optic Network to Open Next Month

A one-kilometer long fiber optic cable was laid last week in Panmunjom between 'House of Peace' in South Korea and 'Unification House' in North Korea - the two sides have already established fiber optic links from Panmunjom to their respective capital cities. The fiber optic network will be up and running at the end of August, according to the spokesman for the Ministry of National Unification, Lee Kwan-se. The network is capable of han…

Aug 11,2000
Sell-Off of Public Enterprises Could Be Accelerated

Reforms in the public sector, which have been criticized for their lethargic pace, could pick up with the sale of key public enterprises to privately owned companies. Newly appointed Minister of Planning and Budget Jeon Yun-chul said as much in an informal meeting with the press on August 10, "Public enterprises are competing with private companies in many industries. From a national economic viewpoint, the competition is both inefficient an…

Aug 10,2000
North Koreans to Fly to Seoul via Direct Air Route

A chartered Koryo Airlines airplane will transport North Korean separated family members to Seoul on August 15. This will mark the first time since the division of Korea that an airplane of North Korean registry lands in the South. Ryu Mi-yong, who defected from South Korea in 1986, will lead the 151-member North Korean group. They will depart Pyongyang's Sunan Airport August 15 at 10 a.m., and then fly directly to Seoul via a route over th…

Aug 09,2000
Business Survey Index Shows Downward Trend

Sales of televisions and business suits are down, indicating an economic slowdown in Korea. At the same time, sales in vendor markets are also falling, reflecting a slowing in consumption by housewives. Both are telling industry insiders that the expected drop in domestic demand for the second half of 2000 is here. The business survey index (BSI) released by the Bank of Korea and those released by the Korea Chamber of Commerce and Industry (…

Aug 08,2000

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