According to data compiled by the Ministry of Security and Public Administration, the number of residents from outside the country came to 1.57 million as of Jan. 1, up 8.6 percent from a year ago and taking up 3.1 percent of the nation’s population of 51 million.

It marks the eighth consecutive year that the figure has risen on-year. The government started compiling related data in 2006.

Foreign residents refer to people staying in South Korea for longer than 90 days, naturalized South Korean citizens, marriage migrants and their children.

The ministry attributed this year’s growth to eased requirements for an Overseas Korean (F-4) visa and an increase in applications for permanent residency among ethnic Koreans with non-South Korean citizenship.

Of the foreign residents, nearly 539,000, or 34.4 percent of the total, are workers from abroad with no South Korean nationality.

Korea Herald 2 July 2014

Posted by Errol, filed under Economics, Law, Politics. Date: July 2, 2014, 1:20 am | No Comments »

Ahn Cheol-soo

Ahn Cheol-soo

Naver News 23 November 2012

Posted by Errol, filed under Politics. Date: November 23, 2012, 4:46 am | No Comments »

“South Korea’s unique certificate system, driven by the government, has led to the isolation of South Korea’s IT,” Ahn wrote in his policy pledge book released earlier this week. “Excessive use of Active X is making web browsing less convenient.”

Sydeny Morning Herald, 15 November 2012

Posted by Errol, filed under Politics, Technology. Date: November 18, 2012, 2:22 am | No Comments »

Real Meter Poll

Korean Presidential Election

 

Latest Korean presidential opinion poll shows Ahn Cheol-soo at 49.4% and Park Geun-hye at 43.6% in a 2 horse race.

That leaves 7% undecided.

Assuming the 7% don’t turn up to the polling booths it’s a win to Ahn. If the 7% do turn up to the polling booths Park will need 6.4 percentage points of undecided voters. i.e. 92.9% of undecided voters … not going to happen.

Alternatively, Park Geun-hye at 46.4% and Moon Jae-in at 45.4%.

That leaves 8.2% undecided.

Assuming the 8.2% don’t turn up to the polling booths it’s a win to Park. If the 8.2% do turn up to the polling booths Moon will need 4.7 percentage points of undecided voters. i.e. 57.3% of undecided voters … not going to happen.

Kookjae News 25 October 2012

Time for Moon to decide to be a statesman as Prime Minister of the Republic of Korea, or to run for Mayor of Busan.

Posted by Errol, filed under Politics, Verus Historia. Date: October 25, 2012, 5:37 am | No Comments »

“Korea has a nasty habit of denying the existence of a problem, which actually feeds the problem and makes it bigger. Only when the problem bloats to a point where it could blow up for everyone to see will bureaucrats budge and throw an enormous amount of taxpayer money at it to extinguish the threat. I think this is happening with the household debt situation,’’ said Gongpil Choi, senior economist at the state-run Korea Institute of Finance (KIF), in a recent telephone conversation.

The core of the problem, he says, is that around 80 percent of Korea’s private-owned assets are in real estate.

To restore the health in consumer activity, it is critical to convert real estate assets into buying power, Choi said. However, property market fragility and precarious family finances suggest that households may not have the mettle to withstand a process of deleveraging.

“The deleveraging could trigger a dramatic fall in asset values, which then may paralyze the country’s financial system and batter the real economy into a long-term recession. The negative feedback on asset holders will be significant and the implosion could result in a wealth polarization much worse than the actual difference in income,’’ Choi said.

To combat the disastrous vortex of softening economic activity and spiraling debt, Korea is in desperate need of political honesty.

Korea Times, 14 October 2012

http://koreatimes.co.kr/www/news/biz/2012/10/123_122230.html

 

Posted by Errol, filed under Economics, Politics. Date: October 14, 2012, 7:47 pm | No Comments »

The Korea Times has published analyses of the speaking styles of the three candidates for the Presidency of the Republic of Korea by Choi Jin, president of the Seoul-based think tank Institute of Presidential Leadership, .

Park Geun-hye

Choi described Park as a field commander with a heavily armored vehicle, referring to Park’s lineup of aides and campaign strategists with stellar resumes.

Moon Jae-in

Choi’s analysis of Rep. Moon Jae-in of the main opposition Democratic United Party (DUP): “(Moon’s) speech is not inspiring because it lacks a strong message.”

Ahn Cheol-soo

Ahn is a listener Choi said.

“He listens carefully to his audience before offering them pieces of advice. He achieved a lot but rarely showed off his accomplishments. This makes him special.”

“Instead, Ahn tries to give the right solution to his audience after listening to their side of the story.”

Korea Times 26 September 2012

Posted by Errol, filed under Politics. Date: September 26, 2012, 7:01 pm | No Comments »

“(C)ombined revenue (of jaebol) represented 52.6 percent of Korea’s GDP from 2003-2007 and 69.1 percent from 2008-11.”

Joongang Daily, 17 September 2012

“The chairman of the New Frontier Party’s committee for “public happiness” has been openly critical of his party’s, and presidential candidate Park Geun-hye’s, apparent unwillingness to take action toward economic democracy.

The source of Kim Jong-in’s displeasure appears to have been Park’s noncommittal stance on the issue.

Kim also said a close acquaintance, Hansung University professor Kim Sang-jo, told him he would be “used and discarded” by Park.

“It’s still not clear at all that any of them [Park and the NFP] have any determination to pursue economic democracy,” he said.

Kim also made reference to his resignation as emergency committee member in March following the party’s nominations for the general election.

“It looked to me like not a single person who got nominated for the party would take action for economic democracy, so I said, ‘I can’t do this,’” he explained.”

15 September 2012 © 2012 The Hankyoreh Media Company

Posted by Errol, filed under Economics, Politics. Date: September 16, 2012, 8:18 pm | No Comments »

“North Korea’s state-run media has issued rare criticism of a Chinese mining company that accused it of being a “nightmare” to do business with.

Chinese firm Xiyang was working on an iron ore venture, but said it stopped after facing unreasonable demands.

Xiyang failed to honour investment promises and was to blame, KCNA news agency says.

A North Korean spokesman issued a statement carried by the Korean Central News Agency (KCNA) saying that Xiyang “is chiefly to blame from the legal point of view”.

“It [Xiyang] has carried out only 50% of its investment obligations though almost four years have past since the contract took effect,” the spokesman said.

Xiyang said it invested more than $37m (£23.32m) on the project, but shelved it after North Korea asked for significant changes to the contract.

The company also said that North Korea violated its own investment laws, telling Reuters news agency that it had been “cheated”.

“They just don’t have the conditions for foreigners to invest. They say they welcome investment but they don’t have the legal or social foundations,” Wu Xisheng, vice-general manager, told Reuters.”

BBC 5 September 2012

Posted by Errol, filed under diplomacy, Economics, finger chopping wacky, Funny, Law, Politics, Scams. Date: September 5, 2012, 8:17 am | No Comments »

“Hanwha Group chairman Kim Seung-youn was jailed for four years on Thursday for causing W302.4 billion in losses to his conglomerate and evading W1.5 billion in taxes (US$1=W1,135).

According to Chaebol.com, a conglomerate research firm, seven heads of family-owned conglomerates have been indicted for financial crimes since 1990, and all of them received suspended sentences and were eventually pardoned by (successive) Korean presidents.”

Chosun Ilbo, Aug. 17, 2012

Posted by Errol, filed under Crime, Law, Politics, Verus Historia. Date: August 16, 2012, 8:43 pm | No Comments »

The Prosecutor’s Office seems likely to succeed in its second attempt to arrest former vice-minister for culture, Shin Jae-min, for accepting bribes from SLS Group chairman Lee Kuk-chul who was arrested last week for bribing Shin.

Shin Jae-min studied politics at Seoul National University and after graduation worked for MBC.

With three decades of service in the entertainment business, Shin must know a lot of people and what’s in their closets.

SBS News, 23 November, 2011

신재민과 이국철

신재민과 이국철

Posted by Errol, filed under Crime, Economics, Politics. Date: November 23, 2011, 6:42 am | No Comments »

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