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[yuvsgvoand]

Respondents in a patriotic survey have picked Admiral Yi Sun-sin,[link widoczny dla zalogowanych], who defeated the Japanese Navy with armored battleships during the Japanese invasion of 1592,[link widoczny dla zalogowanych], as the greatest figure in Korean history.
In a survey conducted by Soonchunhyang University of 1,[link widoczny dla zalogowanych],000 Koreans over 20 years of age,[link widoczny dla zalogowanych], 43.8 percent selected Yi Sun-sin.
The creator of the Korean or Hangul alphabet,[link widoczny dla zalogowanych], King Sejong,[link widoczny dla zalogowanych], came second with 37 percent,[link widoczny dla zalogowanych], former president Park Chung-hee came third, trailing way behind with 5.7 percent, independence fighter Kim Gu was chosen by 4.8 percent, and the conqueror of Manju during the Koguryo kingdom, King Kwanggaeto the Great, got 3.2 percent.
Asked what virtues can be learned from Admiral Yi,[link widoczny dla zalogowanych], 43.9 said ��forewarned is forearmed�� -- remembering that the admiral prepared well in advance when he saw a Japanese invasion coming. Next were loyalty and filial piety (31.7 percent),[link widoczny dla zalogowanych], leadership (7.6 percent), and strong will to win (7.4 percent). To a proposal to erect a statue of Admiral Yi Sun-sin and place an armored battleship on Dokdo,[link widoczny dla zalogowanych], 60.4 percent said yes, while 14.9 percent were against.
More than half of the participants in the survey (59.7 percent) said it was not enough for the Korean government to issue a new Japan doctrine to deal with rumblings from Japan including a provincial bill designating a ��Takeshima Day�� after the Japanese name for Dokdo,[link widoczny dla zalogowanych]. A meager 9,[link widoczny dla zalogowanych].5 percent were in favor.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

ConocoPhillips, the fifth largest oil company in the world,[link widoczny dla zalogowanych], is taking steps to address the problem of global warming, the first major US oil company to do so. The company is implementing programs to develop alternative fuels and to reduce emissions of greenhouse gases.
In an statement released this week,[link widoczny dla zalogowanych], ConocoPhillips announced it has joined the US Climate Action Partnership,[link widoczny dla zalogowanych], a coalition of corporations trying to address the problem of climate change. The company also calls for legally binding caps on emissions of gases that many scientists say cause global warming.
James Mulva In a recent meeting with reporters at Rice University here in Houston, ConocoPhillips Chief Executive Officer James Mulva made it clear that his company was joining the move to address climate change.
"We are doing this because we believe in it," said James Mulva. "We must recognize climate change and incorporate it into our facilities and our investment program."
ConocoPhillips is one of the five major international companies sometimes grouped together as big oil and blamed by many environmental activists for opposing efforts to address climate change.
Dallas-based Exxon-Mobil,[link widoczny dla zalogowanych], the world's largest oil company,[link widoczny dla zalogowanych], remains strictly focused on petroleum and has funded research that questions the human impact on global warming, but the other members of the big oil club, California-based Chevron, London-based BP and the Hague-based Royal Dutch Shell have already begun programs to develop alternative fuels, including renewable fuels like ethanol and biodiesel.
ConocoPhillips has doubled research spending on alternative energy to $150 million and has invested an equal amount in methods of capturing carbon dioxide emissions. The company is also funding a $22-million project at Iowa State University to develop bio-fuels over the next eight years. CEO Mulva says alternative fuels are unlikely to replace most of the gasoline used in vehicles,[link widoczny dla zalogowanych], but they could be part of a more diversified mix of fuels.
"Gasoline, obviously, is a superior transportation fuel,[link widoczny dla zalogowanych]," he said. " It is efficient, it is available. But, what we do need to do is develop all sources of alternative energy. It is relatively small at this time and even with dramatic improvement will continue to represent a relatively small portion of our energy source, 10, 20, 30 years from now, but we do need to develop the alternatives,[link widoczny dla zalogowanych], renewables and other sources of energy."
But, above all, Mulva says,[link widoczny dla zalogowanych], consumers in the United States need to reduce the amount of energy they are wasting.
"We need to conserve and make far more efficient use of our energy,[link widoczny dla zalogowanych]," he said. "The United States, I think,[link widoczny dla zalogowanych], we have essentially about four percent of the world's population and we use 25 percent of the world's oil resources. Obviously, we can be far more efficient users of energy."
Environmental groups agree with that assessment,[link widoczny dla zalogowanych], but many of them favor stronger measures than those being undertaken by ConocoPhillips. Groups advocating government action to curb greenhouse gas emissions say the company still lags behind companies like BP and Shell that have aggressively developed alternative energies that produce significantly less carbon pollution. Among the fuels ConocoPhillips views as alternatives to petroleum are such things as oil sands and oil shale, which are fossil fuels and produce the same amount of carbon emissions as oil.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

Health workers in 23 African countries have wrapped up a campaign to immunize millions of children against polio.
In parts of Liberia, some health workers walk as far as 16 kilometers balancing boxes of vaccines on their heads and holding lists of villages in their hands. For years,[link widoczny dla zalogowanych], health agencies could not risk going into Liberia because of civil war. Now that the fighting has ended, an intense campaign has begun to vaccinate children and educate people about the dangers of polio.
A group of people sing that they want to kick polio out of Liberia as they walk through the border village of Luanuatuo, announcing that a vaccination team is on its way.
Vaccinator Kou Gbanah says to eradicate polio,[link widoczny dla zalogowanych], every child needs to be immunized. But in places like Liberia, where many refugees are returning now that life is more stable, it is difficult to ensure that every child is immunized. This is why the UNICEF and the World Health Organization have decided on a house to house program. Mrs. Gbanah says this is the best way to reach each child.
"When we used to sit in a particular place and call the mothers with their children they don't bring the children. But this time we go from house to house and it's very easy to get to all the children," she said.
The children are given the polio vaccine orally,[link widoczny dla zalogowanych], and once they receive it their fingers are pressed in indelible ink. All children without marked fingers are given polio drops, as it makes no difference whether they have the vaccine multiple times.
Polio is caused by a virus contracted by drinking contaminated water or eating contaminated food,[link widoczny dla zalogowanych]. It attacks the nervous system causing paralysis and in extreme cases death,[link widoczny dla zalogowanych].
Wars and refugee movements have helped spread the disease in West Africa. The United Nations had hoped to eradicate polio as early as 2002,[link widoczny dla zalogowanych].
Instead, the number of polio cases in West Africa has more than doubled since last year. The new cases in the region are blamed on Nigerian Muslim leaders who boycotted the campaign, claiming the sera supplied by the United Nations were contaminated.
So far, $3 billion has been spent trying to eradicate polio around the world,[link widoczny dla zalogowanych], more than is spent on respiratory diseases and malaria,[link widoczny dla zalogowanych], which actually kill more children. But Liberia's chief medical officer, Dr. Benson Barh,[link widoczny dla zalogowanych], said that in the long term the polio program,[link widoczny dla zalogowanych], if successful, will be cost effective.
"It incapacitates the child to express his or her full potential. And that child may become a liability to society and so in the long run the negative impact is far more reaching than these other diseases,[link widoczny dla zalogowanych]," said Dr. Benson Barh.
Under U.N. guidelines,[link widoczny dla zalogowanych], in order for polio to be officially eradicated there must be no cases of the disease for three years.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

Khalid Sheikh Mohammed (file photo)
The U.S. Defense Department says it held hearings on Friday and Saturday at the Guantanamo Bay detention center for three of the most notorious terrorism suspects it is holding, including the alleged mastermind of the September 11 attacks. VOA's Al Pessin reports from the Pentagon.
Spokesman Bryan Whitman says Saturday's hearing reviewed the status of Khalid Sheikh Mohammed,[link widoczny dla zalogowanych], who U.S. officials say planned the September 11,[link widoczny dla zalogowanych], 2001 attacks in New York and Washington. Whitman could not say whether Mohammed chose to participate in the hearing,[link widoczny dla zalogowanych], which is called a Combatant Status Review Tribunal.
He says review tribunals were held Friday for Ramzi Bin al-Shibh,[link widoczny dla zalogowanych], who is alleged to have been planning to participate in the September 11 hijackings, and Abu Faraj al-Libi, who is alleged to have replaced Mohammed as the number three leader of the al-Qaida terrorist network.
The spokesman says at least one more review tribunal was scheduled for Monday,[link widoczny dla zalogowanych], but he would not provide details.
Human Rights groups have sharply criticized the Guantanamo detainee process, saying the men are not provided with sufficient rights or legal representation.
At these tribunals, the detainees are not represented by attorneys, but they are allowed to have a military officer help them through the process, and they can present evidence and call witnesses.
The Combatant Status Review Tribunals,[link widoczny dla zalogowanych], held before three U.S. military officers,[link widoczny dla zalogowanych], formally determine whether the men being held at Guantanamo are "enemy combatants." Those who are designated become eligible to be charged and prosecuted in Military Commissions under a new procedure approved by the U.S. congress last year.
In the past, some detainees who were designated "no longer enemy combatants" were released.
But that is not expected for these men, who are among 14 detainees transferred to Guantanamo last year from secret U.S. prisons elsewhere. The U.S. Defense Department says the men are senior terrorist leaders or have been directly involved in planning or carrying out major terrorist attacks. Officials have indicated all these men will have review tribunals in the coming days.
The hearings are only one part of the Combatant Status Review process. The Guantanamo panel's recommendations are forwarded to Washington for approval by senior officials,[link widoczny dla zalogowanych], a process that could take several months.
Officials have barred reporters from covering the tribunals for the 14 new Guantanamo detainees,[link widoczny dla zalogowanych], although hundreds of earlier ones were open to coverage. The officials say these detainees could reveal sensitive information. They have promised to release transcripts of the tribunals within a few days,[link widoczny dla zalogowanych], with secret or sensitive information deleted.
Once a detainee is designated as an "enemy combatant," his status is reviewed annually to determine whether it is necessary to continue to hold him.
More than half the men who have been held at Guantanamo have been released through the review process,[link widoczny dla zalogowanych], with about 385 now being held. Eighty of those men have been approved for release or transfer to custody in another country,[link widoczny dla zalogowanych], pending the results of negotiations with those countries.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

An airstrike in central Somalia has killed the military commander of an Islamist militant group with ties to al-Qaida,[link widoczny dla zalogowanych].
A spokesman for the Islamist group al-Shabab told reporters the pre-dawn strike in the town of Dusamareb killed Aden Hashi Ayro and another senior leader. Witnesses said U,[link widoczny dla zalogowanych].S,[link widoczny dla zalogowanych]. planes carried out the strike and that at least eight other people were killed.
The U,[link widoczny dla zalogowanych].S,[link widoczny dla zalogowanych]. military said it launched an attack against an al-Qaida target in Somalia but did not give any details,[link widoczny dla zalogowanych]. The U,[link widoczny dla zalogowanych].S,[link widoczny dla zalogowanych]. has carried out several airstrikes against suspected terrorists in Somalia over the past year,[link widoczny dla zalogowanych].
In March, the U.S. State Department designated Somalia's al-Shabab as a terrorist organization.
The group is considered the military wing of the Islamic Courts Union that briefly controlled much of southern Somalia in 2006,[link widoczny dla zalogowanych].
In recent months,[link widoczny dla zalogowanych], al-Shabab has claimed responsibility for a series of bombings and attacks on Somali government and Ethiopian soldiers.
Some information for this report was provided by Reuters,[link widoczny dla zalogowanych], AP and AFP.
VOA News
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

Prime Minister Han Myong-sook has made it clear Seoul does not agree with Washington and Tokyo about slapping additional sanctions on North Korea to enforce a ban on proliferation of missile technology. The ban is part of a non-binding UN Security Council resolution passed after Pyongyang��s missile tests on July 5. ��If we interpret the resolution too widely,[link widoczny dla zalogowanych], it will become difficult for us to come up with a solution to the matter,[link widoczny dla zalogowanych],�� Japan��s Nihon Keizai Shimbun quoted Han as saying.
In an exclusive interview with the daily on Thursday,[link widoczny dla zalogowanych], Han said there was no need to give up the administration��s engagement policy toward North Korea and vowed the government would proceed with inter-Korean cooperative projects. She added there was ��no clear evidence�� that North Korea is using part of the profits from these projects to build up its military and weapons arsenal.
But Han downplayed reports of a rift between Seoul and Washington over North Korea issues. ��Our two countries can coordinate their differences over those issues because they stem only from different geopolitical factors and policy priorities,[link widoczny dla zalogowanych],�� she said.
Turning to bilateral issues,[link widoczny dla zalogowanych], Han warned Japanese politicians ��to abandon historical perceptions that offend against our sovereignty�� -- a reference to Prime Minister Junichiro Koizumi��s visits to the Yasukuni Shrine,[link widoczny dla zalogowanych], which honors war criminals,[link widoczny dla zalogowanych], and territorial designs on Korea��s Dokdo islets. Asked about Japanese citizens abducted by North Korea,[link widoczny dla zalogowanych], Han said,[link widoczny dla zalogowanych], ��I fully understand that Japan is paying a great deal of attention to the issue and making efforts to resolve it. But we need to remember that there are still many people just like Megumi Yokota�� -- the most famous Japanese victim -- ��who were abused against their will by Japan��s past conduct in Asia�� such as the ��comfort women�� drafter as sex slaves for the Japanese military during World War II.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

Crew members of US aircraft carrier USS Nimitz check an aircraft after it arrived at a S. Korea naval base in Busan,[link widoczny dla zalogowanych], South Korea, 28 Feb 2008 The United States and South Korea have begun a robust week-long series of annual military xabout 28,[link widoczny dla zalogowanych],000 forces here to help enforce the armistice,[link widoczny dla zalogowanych], and deter a repeat of the North's invasion.
The week's exercises include field drills and computer simulations of the movement of personnel and equipment. South Korean Colonel Kim Sang-do says such drills help ensure the integrity of crucial supply lines in a potential battle scenario.
Kim says the exercises will enhance the joint military capability of the U,[link widoczny dla zalogowanych].S,[link widoczny dla zalogowanych]. and South Korea,[link widoczny dla zalogowanych].
As it has often done in the past,[link widoczny dla zalogowanych], North Korea is issuing harsh public criticisms of the exercise. The North's main news agency quotes an army spokesman who describes the drills as "madcap war exercises." A government newspaper in Pyongyang calls them "reckless maneuvers for a war of aggression" against North Korea.
U.S. and South Korean authorities insist the exercises are purely defensive in nature,[link widoczny dla zalogowanych], and say they have notified the relevant North Korean authorities of this week's training schedule. President Bush and other senior U.S. officials have said repeatedly the United States does not intend to attack North Korea.
However,[link widoczny dla zalogowanych], the exercises coincide with a difficult period in multinational negotiations aimed at ending North Korea's nuclear weapons programs. Pyongyang promised it would declare all of its nuclear activities by the end of 2007,[link widoczny dla zalogowanych], but has still failed to do so.
Senior U.S. negotiator in those talks,[link widoczny dla zalogowanych], Assistant Secretary of State Christopher Hill,[link widoczny dla zalogowanych], was expected to leave Beijing Sunday after failing to meet with his North Korean counterpart. Hill was quoted as saying the North Koreans are "not ready" to discuss pushing the nuclear talks forward.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

The Fair Trade Commission is courting scandal for asking selected newspaper subscribers if the papers�� local bureaus have tried to woo subscribers with freebies,[link widoczny dla zalogowanych], a practice targeted in controversial new press laws.
The FTC mailed a questionnaire for the purpose only to subscribers to the conservative Chosun and Dong-A Ilbo from among a total of 19 newspapers targeted in a nationwide probe,[link widoczny dla zalogowanych], inviting accusations of bias against newspapers critical of the government.
The FTC said Friday its Daegu office mailed the questionnaire last week to 900 subscribers,[link widoczny dla zalogowanych], 100 each of four Chosun Ilbo bureaus and five Dong-A Ilbo bureaus. It wrote to no subscribers to 17 other dailies including the JoongAng Ilbo.
The questionnaire confirms if a recipient subscribes to a particular newspaper and then asks,[link widoczny dla zalogowanych], "What giveaways have you received? How many months have you subscribed to the paper free of charge?" It also asks recipients to put down their name,[link widoczny dla zalogowanych], address and telephone number. Some subscribers called their local newspaper bureau accusing it of giving their personal information to the FTC. Some callers cancelled their subscriptions.

"We've forwarded the questionnaire to some newspaper subscribers for the purpose of verifying the accuracy or otherwise of subscription growth figures bureaus have submitted,[link widoczny dla zalogowanych]," the FTC said Friday. "The JoongAng Ilbo and others are not covered in the questionnaire survey because they admitted most of their wrongdoing."

Attorney-at-law Kim Tae-soo commented,[link widoczny dla zalogowanych], "The survey formula insinuates that taking freebies is a crime and therefore deprives particular newspapers of subscribers. That could be seen as excessive intervention by a state agency in the business of a newspaper,[link widoczny dla zalogowanych], a private enterprise."
"It is clearly an invasion of privacy for the FCT to conduct a survey by obtaining a subscriber list from a paper bureau and directly mailing them their questionnaire,[link widoczny dla zalogowanych]," said Prof. Kim Woo-ryong of the mass communications department at Hankuk University of Foreign Studies. "This is bad for business,[link widoczny dla zalogowanych], because subscribers who get the questionnaire could be angry with their local bureaus and suspend their subscriptions if they don��t know the background."
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

An accidental explosion on board an Indian navy ship has killed three sailors and wounded 19 others,[link widoczny dla zalogowanych], some of them seriously.
Officials say the incident happened Wednesday,[link widoczny dla zalogowanych], while the ship INS Magar was dumping expired missiles into the Bay of Bengal,[link widoczny dla zalogowanych], around 70 kilometers off India's eastern coast.
Some of the discarded ammunition exploded during the operation,[link widoczny dla zalogowanych], starting a fire that burned several sailors.
The injured were airlifted to a naval hospital in the port city of Visakhapatnam,[link widoczny dla zalogowanych].
The INS Magar is one of India's largest navy ships,[link widoczny dla zalogowanych], and is equipped with Russian-made missiles.
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The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

The Bank of Korea said Thursday that the economy grew by 5 percent last year,[link widoczny dla zalogowanych], achieving potential growth rate (at 5 percent, the maximum growth rate that doesn't affect consumer prices) for the first time under the current administration.
However growth peaked in the first quarter of the year and declined after that. Crucially,[link widoczny dla zalogowanych], exports weakened in the fourth quarter, compromising future prospects. Experts called the rate disappointing, pointing out that competitors like Hong Kong and Singapore saw growth of 6~7% thanks to a strong global economy.
In its report "Real GDP in the 4th Quarter and in 2006",[link widoczny dla zalogowanych], the central bank said real GDP grew by 0.8 percent in the final quarter from the third quarter,[link widoczny dla zalogowanych], or 4 percent year-on-year. Including the fourth quarter,[link widoczny dla zalogowanych], the growth rate for 2006 hit 5 percent,[link widoczny dla zalogowanych], the bank said.
A look into the quarterly year-on-year growth rate shows a weakening trend, recording 6.1 percent, 5.3 percent,[link widoczny dla zalogowanych], 4.8 percent and 4 percent for the consecutive quarters,[link widoczny dla zalogowanych], respectively. The BOK predicted the growth will reach 4.4 percent this year.
Pundits complained that the quarterly growth rate of exports decreased in Q4 by 1 percent,[link widoczny dla zalogowanych], the first downward movement since Q3 of 2004,[link widoczny dla zalogowanych], which saw a minus 0.4 percent. Falling exports raised concern that Korea's major economic locomotive is losing steam.
"The strong exports over the last few years were a golden opportunity for economic progress like the booming economy of the 1980s," said Park Jong-gyu, the chief researcher in the Korea Institute of Finance. "It is regrettable to see the Korean economy fail to grasp that opportunity."
Meanwhile,[link widoczny dla zalogowanych], Korea's rivals are expected to post sharp growth for last year thanks to a strong global economy. Global organizations predict China and India will show growth of 9~10 percent whereas Singapore and Hong Kong will record 6~7 percent. Among Asian nations,[link widoczny dla zalogowanych], only Taiwan is expected to record less than 5 percent growth due to its ongoing political upheaval.
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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

Lee Myung-bak waves to supporters in Seoul South Korea's president-elect is pledging to get tough with North Korea on human rights and says full-fledged economic exchanges will begin once the North gives up its nuclear weapons,[link widoczny dla zalogowanych].
Lee Myung-bak said that as president,[link widoczny dla zalogowanych], he will try to persuade Pyongyang that the way to maintain its regime is to dismantle its nuclear weapons. He was speaking at a news conference Thursday,[link widoczny dla zalogowanych], one day after he was elected.
The conservative former Seoul mayor also said he will not shy away from criticizing the North's human rights record,[link widoczny dla zalogowanych]. Lee said caring criticism will help make North Korean society healthier,[link widoczny dla zalogowanych].
Also Thursday,[link widoczny dla zalogowanych], Lee's Grand National Party asked President Roh Moo-hyun to veto plans for a fraud investigation against the president-elect. A presidential spokesman said that Mr. Roh has not yet discussed the proposal.
However,[link widoczny dla zalogowanych], the president indicated earlier he would sign the bill.
South Korea's parliament passed the bill to appoint a special counsel to investigate fraud allegations against Lee on Monday after new evidence surfaced,[link widoczny dla zalogowanych].
Lee won a landslide victory in Wednesday's elections after running on promises to strengthen South Korea's economy,[link widoczny dla zalogowanych].
When Lee takes office on February 25,[link widoczny dla zalogowanych], he will end more than a decade of liberal rule.
Washington has welcomed his victory and said it looks forward to working with the new South Korean government on North Korea's disarmament talks and other issues,[link widoczny dla zalogowanych].
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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

SKC chairman Choi Shin-won has become the first member among chairmen of large companies of the Honor Society,[link widoczny dla zalogowanych], the group of major donors to the Community Chest of Korea.
Choi's donation was revealed last month when the Community Chest,[link widoczny dla zalogowanych], marking its 10th anniversary,[link widoczny dla zalogowanych], also announced the top individual donor was actress Moon Geun-young with W850 million (US$1=W1,[link widoczny dla zalogowanych],321). Since 2003,[link widoczny dla zalogowanych], Choi has donated a total of W332 million.
Choi ranked fourth in the major donor list,[link widoczny dla zalogowanych], following national football team coach Hong Myung-bo (W650 million),[link widoczny dla zalogowanych], and former Kookmin Bank president Kim Jung-tae (W469 million).
A total of 24 individuals,[link widoczny dla zalogowanych], including Samsung Electronics vice chairman Lee Ki-tae,[link widoczny dla zalogowanych], professional golfer Pak Se-ri,[link widoczny dla zalogowanych], and actor Bae Yong-joon,[link widoczny dla zalogowanych], have given W100 million or over,[link widoczny dla zalogowanych], amounting to a total of W5.52 billion.
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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

The country's foreign exchange reserves surged past US$250 billion last month,[link widoczny dla zalogowanych].
According to Seoul's central bank on Monday,[link widoczny dla zalogowanych], increased investment profits has attributed to the latest monthly gain of close to $3.5 billion.
Meanwhile,[link widoczny dla zalogowanych], findings as of the end of April show Korea holds the world's fifth-largest forex reserves.
China is at the top of the list with $1.2 trillion,[link widoczny dla zalogowanych], followed by Japan,[link widoczny dla zalogowanych], Russia and Taiwan in that order.

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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

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The head of the Financial Services Commission said Wednesday that his agency will ease regulations that restrict the ownership of banks by non-banking businesses. Under the relaxed regulations,[link widoczny dla zalogowanych], non-banking businesses will be allowed to own banks through private equity funds.
The move will pave the way for conglomerates to indirectly own banks via funds when state-own banks like the Korea Development Bank and Woori Financial Group are privatized,[link widoczny dla zalogowanych].
FSC Chairman Jun Kwang-woo said in an international financial conference on Wednesday that the agency will gradually allow non-banking businesses to own stakes in banks through private equity funds and pension funds,[link widoczny dla zalogowanych].
Currently,[link widoczny dla zalogowanych], if industrial capital from non-banking businesses accounts for more than 10 percent of a private equity fund,[link widoczny dla zalogowanych], the fund cannot hold more than a 4 percent stake in a bank. The FSC plans to ease the rule by raising the industrial capital ceiling to 15 percent or more.
Chairman Jun said that the FSC will adopt a European method of examining and supervising each non-banking business on its qualifications to own banks. Thus,[link widoczny dla zalogowanych], while easing regulations on bank ownership,[link widoczny dla zalogowanych], the nation's top financial regulator will at the same time strengthen post-supervision and inspection. Jun noted,[link widoczny dla zalogowanych], however,[link widoczny dla zalogowanych], that the deregulation does not mean conglomerates will control the nation's banks.
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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

Grand National Party presidential hopefuls Lee Myung-bak and Park Geun-hye have both unveiled programs to achieve 7 percent economic growth. They revealed them in answers to a panel of academics who monitor the election for the Chosun Ilbo. As economic stimulants,[link widoczny dla zalogowanych], Lee proposes a cross-Korean canal,[link widoczny dla zalogowanych], investment promotion through a world-standard business environment and huge investment in science and technology. Park stresses the importance of revitalizing business investment,[link widoczny dla zalogowanych], enhancing competitiveness of human resources by way of an educational,[link widoczny dla zalogowanych], scientific and technological revolution and encouraging women to work by supporting them in bringing up children.
Both presidential contenders agree on the need for massive tax reduction and deregulation to reinvigorate investment. Lee promised to provide ordinary newlywed couples with homes up to 82.5 sq.m and bringing home ownership to 115 percent - in other words,[link widoczny dla zalogowanych], allowing some people to own a second home. He also pledged to ease concerns about retirement by extending the retirement age.
To boost Korea��s educational competitiveness,[link widoczny dla zalogowanych], Park for her part promised to give colleges more autonomy in selecting new students and allow the public to make a direct choice on the standardization of high schools.
The Chosun Ilbo advisory panel said both hopefuls are pursuing market-friendly policies and stress the need to create more jobs,[link widoczny dla zalogowanych], but their plans are sketchy in detail.
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[link widoczny dla zalogowanych] Zchang Sung-so


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.