Korea is going to usher into a new chapter in the history of development cooperation at the Fourth High-level Forum on Aid Effectiveness, the world premier forum on development cooperation, in Busan from 29 November to 1 December. Following the successful launch of the Seoul Development Consensus for Shared Growth at the G20 Seoul Summit last year, Korea is now preparing for the Busan Forum with the same sense of urgency and responsibility to chart new territories of development cooperation in a

Operation of the Busan-Jinhae Free Economic Zone is gaining momentum, aided by the Korean operations of prominent foreign organizations based in the special economic zone.On Oct. 17, Tsubakimoto Automotive Korea’s plant in the zone was completed. The plant will produce timing chains used in automobile engines for Hyundai Motor Group’s two carmakers, and the company plans to increase the number to 107 by 2014 from the current 45.  According to BJFEZ Authority, the Tsubakimoto Chain Co-owned plant

Newcomer aims to become Korea’s tourism-focused business hotel chainChoi Young-jae still reminisces about his days in the ‘90s as a sports reporter at a local daily, struggling to find an affordable place to stay when he traveled other parts of the country.That is exactly what has dragged the 53-year-old journalist-turned-entrepreneur into the hospitality industry, launching Hotel Skypark in Myeongdong, downtown Seoul last year.“I thought we could penetrate a niche market for those who feel bur

Korean broadcaster MBC said it has agreed with Google to provide its TV drama and entertainment programs through YouTube, the world’s largest online video sharing site operated by Google.MBC and Google Korea heads signed the agreement at a hotel in Seoul on Friday.Under the agreement, MBC will provide 10,000 hours of dramas and entertainment shows aired before 2005 for YouTube, which will be distributed around the world starting next year, the broadcaster said.It is the first time a Korean broad

The Swedish Embassy is holding an exhibition of images taken by a famed zoologist more than 75 years ago.Sten Bergman carried out natural science work here during a visit from February 1935 to November 1936 with the purpose of studying birds, mammals and insects in Korea and to collect samples to bring back to the Swedish museum.  During his stay, he tried to capture almost everything of what he saw in the photos. Then, he published a book named “In Korean Wilds and Villages, 1938,” which has be

Will there be a binding agreement signed in Durban to replace the Kyoto Protocol? The answer is “no” according to the Chilean environment minister.The United Nations Framework Convention on Climate Change’s Kyoto Protocol expires next year, the year when the big emitters of greenhouse gases will hold elections to choose their leaders.The past two climate change meetings in Mexico and Copenhagen saw strong commitment from the host countries to push forward agenda that will help in the eventual re

For the past few weeks, about 4 billion viewers worldwide have been captivated by the Rugby World Cup played in New Zealand. Although the outcome of the game was unknown at the time of the interview, the final match pitted two powerhouses: New Zealand’s All Blacks versus France’s Les Bleus.Rugby is virtually unknown here in Korea except for games played at the local universities, military academies and expat teams such as the Seoul Survivors Rugby Club.Yet, the International Rugby Board sees the

Investments will break cycle of poverty, corruption and end Taliban influenceAfghanistan, before the current situation, before the Soviet invasion, was a poor but happy country, the new Afghan envoy reminisced.Now Afghanistan is suffering from the effects of a decade long battle against the Taliban while trying to fight corruption and build a nation based on the core democratic principles that help govern the free world. The newly-arrived Afghanistan ambassador spoke to The Korea Herald during h

Norwich hold Liverpool to surprise drawBARCELONA (AP) ― Cristiano Ronaldo scored three times in a 15-minute span of the first half to help Real Madrid rout Malaga 4-0 on Saturday and moved into first place in the Spanish league,Having set up Gonzalo Higuain for Madrid’s opener, Angel Di Maria assisted Ronaldo for his first goal. The Portuguese forward added two more to decide the match before halftime at La Rosaleda stadium. It was big-spending Malaga’s first home loss and second in a row overal