Remarkable Korea India IT Collaboration - Korea IT Times

(See pages 38~49) 

U.S. $8.80 / KOR. 8,500 

02 

ISSN 1739-2950 

2007-02_12007.1.2407:43PM페이지1001채널맥(3443-0701) 

February 2007 / Vol. 32 www.ittimes.co.kr 

Korea’s No.1 Information Technology Journal 

Remarkable Korea India 

IT Collaboration 

5 Fl, Hyundai Intellex Bldg, 261, Nonhyeon-dong, Gangnam-gu, Seoul, Korea(135-832) Government registration No. Seoul-Ra-10914 Tel: (82-2)3459-0664~0665 Fax.:(82-2)514--7183 

India Special 

New Year Strategy (pages 14~) 

Interview (pages 19~23) 

2007 Focus (pages 30~) 

Sports/PyeongChang /Daegu IAAF (pages 62~65) 

Policy Direction / MCT (pages 66~67)

U.S. $8.80 / KOR.£8,500 

02 

ISSN 1739-2950 

2007-02_12007.1.2407:6PM페이지8001채널맥(3443-0701) 

Contents 

February 2007 / Vol. 32 

2007-02_12007.1.2403:10PM페이지76001채널맥(3443-0701) 


www.ittimes.co.kr 









Policy Direction / MCT (pages 66~67) 



31 2007 Focus 

10 Publisher’s Message 

CES on the Scene Report, 2007 Focus, India Special 

12 Stock Market 

Stock Market Without January Effect 

13 Sogang University 

BK21 Focuses on Sogang University 

New Year Strategy 

14 Samsung Elect. Aims at High Sales 

15 HP Korea 

Service Consutling, Customer Satisfaction and Software Strength 

16 Software Human Resources Bank to be Established 

18 Declining Growth Rates Predicted 

19 Interview/ Dr. Hong Chang-sun 

Changing Times Mean Changing Ways 

20 New Year Interview /MOST 40th Anniversary 

Boosting Science Technology For Two Score Years 

22 National IT Vision /MIC 

Hoping Korea Unites within Digital Age 

24 New Year Policy /MOCIE 

Changing Trends Influence Policy Direction 

26 New Year Interview /MOMAF 

Increasing Yeosu’s Global Visibility 

28 Open Korea /GyeongGi Province 

Increasing Importance of Foreign Investment 

2007 Focus 

31 Great Leap Forward 

32 Challenges and Pland 

62 Sports / PyeongChang 

28 Exhibition & Conference 40 India Special 

34 Continuous Construction This Year 

35 Ceaseless Challenge for Company Growth 

36 Independence Business Division 

37 More Than Mobile 

38 Cooperation with Morocco 

39 Tourism /Jeju Free International City Development Center 

Jeju Seeks Master Developer For Resort Complex 


40 Peace and Stability Brings Prosperity 

42 Vibrant Cooperation Era 

46 India!! Variety on a Platter 

50 Cyberoam 

Exclusive Distribution Deal Completed 

51 Chakraa Indian Restaurant 

Culinary Support of IT Industry 

Exhibition & Conference /CES 2007 

52 On the Scene Report at CES 

Show Full of Surprises 

56 On the Scene Report at CES /KAIT 

IT Trends Towards New Convergence Product 

57 Round Table Talk 

Governmental Marketing Support Needed 

58 On the Scene Report at CES /Samsung Electronics 

In Pursuit of Blue Ocean Strategy 

59 On the Scene Report at CES /LG Electronics 

LG Focusing Strategy on Customer Needs 

Exhibition & Conference 

60 CeBIT 2007 

Number One Conference Grows Bigger 

61 G3G Forum 

Mobile Leaders Converged in Japan 

Sports 

62 2014 PyeongChang Bid for Olympic Winter Games 

Inviting Olympic Winter Games to PyeongChang 

64 2011 OAAF Championships /Daegu 

Perfecting Preparations to Host World Championships 

66 Policy Direction /MCT Culture Industry Bureau 

Game Korea to Prepare for Second Spring 

Exports 

68 Path to Prosperity 

70 Exports Exceed Us$300 Billion 

71 Essay 

The Malleability of Digital Information 

Company Profile 

72 WAP Telecom 

Unrestricted, Free of Charge 

73 Broad-Q 

New Player in Mobile Chip Market 

74 Essay 

Blue Horizon of Digital Hallyu Part II 

76 People & Events 

The KAIST Alumni Award to Two People 

78 Real-Time News 

Samsung Electronics Releases McLaren Phone for F1 Cars 

80 SK Telecom Launches Mobile RFID Touch-Bookstore Service 

82 News Briefs 

Successful Wiener Boy’s Choir Korea Concert 

Annual New Years Greeting Parties 

KAIST Commits itself to Excellence 

Chairman & Publisher 

Executive Advisor 

Publisher & Editor- in- Chief 

Special Advisor 

Supplement Director 

Managing Editor 

Senior Editor 

Editorial Director 

IT Industry Editors 

Business Editor 

Senior Reporter 

Contributing Writers 

Staff Reporters 

Photographer 

Advertising Manager 

Art Director 

Designers 

Internet Manager 

Business Manager 

Circulation Manager 

Administration Manager 

PR Manager 

Sales & Marketing Manager 

Publication Team Manager 

Financial Auditor 

Financial Team 

Correspondents 

N.America 

Europe 

Southeast Asia 

Far East 

China 

Oceania 

SW Asia 

M.East 

Kim Tae -sub 

Han Kon- ju 

Chung, Monica Younboo 

Chang Hong-yul 

Kim Joo-hyung 

Yeo Hong-il 

Matthew Weigand 

Lee Kyung-hwan 

Lee Chung-moo 

Lee Kang-soon 

Jeffrey D. Bohn 

Koo Won-hum 

Chun, Clair Go-eun 

Yeon Choul-woong 

Lee Suk-woo 

Bluellet Choi 

Shin Sung-won 

Jude Kim 

Kim In-ki 

Cho Hee-sang 

Ryu Mi-ja 

Bok Dong-kyu 

Kim Chang-ho 

Park Mi-jung 

Kim Si-hwan 

Kim Rae-ho 

Yoon Jong-jin 

Yoon Hee-joo 

Choi Eun-kyung 

Cheon Hong-joo 

James Joo young-hoon 

Choi Young-zun. Lee Sung-ki 

Lee Jin-bok 

Kim Moon-soo 

Chun Jong-sung 

You In-kyung 

Choi Duk-hee 

Chung Jung-ja 

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8 _ February 2007 KOREA IT TIMES

2007-02_12007.1.2407:6PM페이지10001채널맥(3443-0701) 

Publisher’s Message 

* CES on the Scene Report 

* 2007 Focus 

* India Special 

The Consumer Electronics Show in Las Vegas, US was a groundbreaking 

time in the electronics industry. Our own Supplement Director Kim Joohyung 

was on the scene to bring us exclusive interviews and articles about 

the Show. LG Electronics unveiled a video player that could accept both 

HD-DVD and Blu-Ray formats, making consumers wonder why they would 

ever buy a player that supported only one format. This is sure to be good for 

the HD-DVD industry. In addition, Samsung made its country proud by 

winning 12 of the 2007 Design and Engineering Showcase Awards. This 

year is a red letter year for Korean products. 

Kim Tae-sub 

Chairman and Publisher 

There were so many responses to last month’s feature called New Year Outlook that 

we could not print them all. We have continued in this month with the policy direction 

of many different companies and organizations under the heading of 2007 Focus. 

Make sure to read the section for the plans and focus of educational institutions, 

government agencies, and corporations involved in the IT industry. 

Our magazine has the honor and privilege to work closely with the Indian Embassy 

this month, on the occasion of their Republic Day national holiday. Indian manpower 

and technological skills have been instrumental in Korean industry thus far. The 

relationship between Korea and India is a long one, rooted deep in the history of both 

countries. Now, the relationship grows even stronger. Be sure to check out the India 

Special section this month for detailed information of Korea’s current relationship with 

the Republic of India. 

The shortest month in the year may yet be the most interesting, as we gather 

information from all over the world. Find out more details in this issue. 

KDC Corporation 

Kim Tae-sub 

KDC IT Times 

KDC Telson TNT 

Master Image 

nFX Media 

KDC Staffs 

KDC Global 

DigiFriends 

KDC Corporation 

Game TV 

1 0 _ February 2007 KOREA IT TIMES

2007-02_12007.1.2407:6PM페이지12001채널맥(3443-0701) 

Stock Market 

Stock Market Without January Effect 

Sogang University 

BK21 Focuses on Sogang University 

Choi Ho-sang, 

chief researcher at 

Samsung Economic 

Research Institute 

“The market’s 

supply and 

demand, the 

domestic 

economic state, 

too, is expected 

to have great 

effect on the 

equity market.” 

Possibility of rebound in the cards 

Even though the New Year has brightened, 

the January effect in the domestic equity 

market falls short of expectations. The 

KOSPI index as of January 18 stood at 1,383.2, 

a 3.6% drop from 1,435.5 recorded at the end of 

last year. This contrasts with the Dow Jones of 

the US, Nikkei of Japan, and Taiwan’s Stock 

Market Weighted Index that all showed slight 

gains from their comparables at the end of last 

year. 

The reason that there was no January effect 

in the domestic market can be traced to the fact 

that, in addition to the uncertainties of the economic 

situation at home and abroad, the supply 

and demand element of the domestic market 

itself has come into the fore. 

First of all, foreign investors, who have been 

selling stocks this year as they had been in 

2006, showed a net selling of stocks valued at 

94.7 billion won in the KOSPI market alone as 

of January 18. Moreover, the non-tariff policy 

in overseas investment by Korean nationals has 

come into sight and has been weakening the 

capital inflow to the domestic equity market. 

Aside from this, the capital liquidity in the market 

is forecast to remain unstable this year as 

there is a high possibility that the current 

account will reverse its trend to a deficit due to 

the slackening of trade increase and the trade 

deficit in the service sector. 

In spite of such instability in the market’s 

supply and demand, there also exists the possibility 

of a rebound in the domestic equity market. 

In the first place, the price of oil, in terms 

of Dubai crude as a benchmark, has fallen to 

49.1 dollars as of January 17, a 13.4% drop 

from 56.7 dollars at the end of last year. The 

drop in oil price is expected to have a positive 

effect of increasing corporate profits since 

stock prices generally reflect corporate earnings. 

Moreover, if the oil price shows a downtrend, 

the US market is expected to show an 

upward trend as consumer confidence will also 

improve. Especially when we take into account 

the domestic market influenced by its US counterpart, 

the drop in oil price can also elevate the 

upward potential of the Korean equity market 

through direct and indirect routes. 

In the months after January, too, an additional 

upward momentum is not very high due 

to the liquidity squeeze, which stems from the 

rise of interest rates world over, together with 

fundamental factors such as the last year’s 

fourth quarter earnings of major domestic companies. 

But when the downtrend of oil price 

and the overseas equity market boom continue, 

it is forecast that the domestic market can shift 

into a gradual upward trend. 

As for the equity market in the foreseeable 

future, the sustaining of equity funds that are on 

an increasing trend and the inflow of pension 

funds, which can be categorized as long-term 

investment money, will emerge as major factors 

that will determine the supply and demand of 

the market. 

In addition to the market’s supply and 

demand, the domestic economic state, too, is 

expected to have great effect on the equity market. 

According to economic forecasters home 

and abroad, the overwhelming opinion points to 

the view that the nation’s economic growth rate 

in 2007 will slow down in comparison to last 

year. 

Consequently, the market’s outlook as to 

whether it will show a turnaround to an upward 

trend or continue to stay in a correctional period 

will depend on the domestic economic growth 

rate and the economic state of major countries 

including the U.S. In this perspective, the 

nation’s economic state and the question as to 

whether the domestic housing market can succeed 

in a soft landing or not are forecast to have 

considerable effect on the equity and financial 

markets. 

Through the selection of the second 

stage Brain Korea 21 (BK21) 

project, Sogang University’s 

Department of Life Science in the College 

of Natural Science has received an 

opportunity to grow. 

The Sogang BK21-Global Leader 

Program of Life Science is headed by 

Professor Lee Jeong-kuk. It includes ten 

participating professors, thirty-three master’s 

course graduate students, twelve doctoral 

graduate students, and three research 

professors. It will continue Sogang’s 

strong tradition after being selected for the 

second stage of the BK21 project. 

The most important aspect of national 

competitiveness in the future is to create a 

hiring pool of high-grade manpower, diagnoses 

Professor Lee Gap Ryol of the 

Department of Life Science. He is one of 

the participating professors in the project. 

He added that the BK21 project is designed 

to create high-class manpower by improving 

research capacity and education quality 

of graduate schools around the country. 

To that end, the Ministry of Education 

and Human Resources Development is 

investing 2.8 trillion won (US$2.98 billion) 

into the BK21 project over the next seven 

years, according to Lee. 

A laboratory of the Department of Life 

Science at Sogang University 

Basic science receives more funding, structure planning 

The second stage of the BK21 project is 

focused on intensively supporting science 

fields by providing them with a stable educational 

and research environment. 

It is said that under the 

BK21 project, personnel 

expenses up to a certain level 

are also supplied to graduate 

students and upcoming 

researchers too. Several 

institutional and structural 

reforms are also carried out to 

improve all aspects of the 

educational environment. 

Professor Lee emphasizes 

that Life Science is not only 

the core field for national 

research development in the future, but it is 

also a basic building block science that supports 

other diverse fields. He mentioned: 

“The research program, which is being carried 

out by our Program, includes signal 

transduction between cells, a host-topathogen 

interaction network, a genomic 

reprogramming response to the environment, 

and other things.” 

This Program has reinforced the stipulations 

of the Department itself, supporting 

its goal management system and the reappointment 

and promotion of department 

professors. Moreover, it is also trying to 

recruit additional distinguished scholars to 

further increase the faculty quality of the 

Department, he said. 

Since March 2006, the Program has 

published over twenty papers in internationally 

well-known academic journals 

such as the Journal of Biological 

Chemistry, the Journal of Bacteriology and 

Immunity, according to Professor Lee. 

Furthermore, this Program enforces a 

research evaluation system in which students 

get to participate in graduate research 

programs. The products of the graduate 

Lee Gap Ryol, 

Professor of the Department 

of Life Science 

at Sogang University 

students’ research is regularly assessed in 

order to improve the quality of their work. 

A faculty mentoring system has also been 

put into place which allows 

several department professors 

to help and guide graduate 

students, rather than a single 

guidance professor. 

Furthermore, a connection 

between graduate and undergraduate 

degrees is being 

planned in order to promote 

student learning and graduate 

school admissions. 

Lee noted: “This Program 

offers on-the-scene training 

which allows graduate students 

to receive industrial 

experience. They will also be able to hear 

superior research lecturers who have been 

invited from other corporations. They will 

also be able to develop a program for Life 

Science Specialty Reeducation.” 

In the interests of this Program’s 

internationalization, short-term lectures 

will be set-up as regular lectures by inviting 

distinguished foreign scholars. 

The program has already established 

special microbiology lectures in its first 

year by inviting Dr. Kaplan, a distinguished 

scholar of the US microbiology circle. Lee 

noted: “Plant Physiology special lecture I, 

Microbiology special lecture II, and the 

Immunology lecture are currently Englishlanguage 

lectures, and the Department 

plans to gradually enlarge the relative 

importance of English lectures.” 

Professor Lee especially introduced that 

the Department has agreed on mutual 

exchange pacts with University of Texas- 

Medical School, Technishe Universitat 

Munchen, and Nagoya Institute of 

Technology and is creating new areas of 

research and education by means of mutual 

visits and various exchange programs. 

1 2 _ February 2007 KOREA IT TIMES 

KOREA IT TIMES February 2007 _ 1 3

2007-02_12007.1.2407:6PM페이지14001채널맥(3443-0701) 


Samsung Elect. Aims at High Sales 

Service Consulting, Customer 

Satisfaction, and Software Strength 

Commitment to innovation 

Ju Woo-sik, senior managing director of Samsung 

Electronics Investor Relations (IR), said: “Although we 

have recorded an all-time largest sales of US$61.29 billion 

in 2006, our operating profit and net profit have reduced more or 

less owing to the Korean won appreciation and increased 

marketing costs. But this year of 2007, focusing on the 

increasing demand coming from Windows Vista, Samsung 

Electronics will increase the sales volume of DRAM and LCD, 

and in the second half of this year is scheduled to 

complete the establishment of TFT LCD 

production line and 60 Nano memory process, 

consequently raising our cost competitiveness by 

way of a new technology.” 

In spite of continuing difficulties such as 

strong Korean won against US dollar and high oil prices, 

Samsung Electronics aims to attain the sales target of US$68.4 

billion for 2007, an 8% increase over the year of 2006. It also 

plans to invest US$10.43 billion as capital expenditure including 

R&D investment of US$6.45 billion in order to maintain its 

leading role in the global level technology. 

More emphasis will be put on the DRAM memory in the first 

half of 2007 and NAND flash memory in the second half. 

Thanks to the Windows Vista, the bit gross of DRAM is 

expected to increase more than 90% and Nand flash memory is 

also forecasted to expand more than 30% by virtue of MP3 

player, Portable Multimedia Player (PMP), and smart phone. 

Besides these, the mobile DRAM and graphic DRAM are also 

expected to grow more than 80% and 75% respectively over the 

previous year. Meanwhile, the communication sector, in which 

Samsung’s numerous cutting-edge products 

the operating profit in the fourth quarter has been reduced by 

34% compared to the 3rd quarter due to the increased marketing 

costs, will be recovered again because the inventory has been 

exhausted. Aiming at 3-generation market, 30 kinds of 

WCDMA and HSDPA (high speed downlink packet access) 

products will be launched into the market. At the same time, by 

achievement of the sales target of 130 million units for 2007, the 

market share is expected to increase 13% over the previous year. 

Putting a priority on the LCD TV, which has 

played a critical role in raising Samsung as a top 

ranker in the global TV market, it will continue to 

strengthen its offensive power. In particular, it 

will put emphasis on the large size TV of more 

than 40 inches. The sales target for LCD TV 

stand at 11 million units and the sales target for PDP TV stand at 

2.5 million units. If this sales target in the digital media division 

is attained, the operating profit is expected to increase to 

US$860 million. Last year the operating profit stood at US$323 

million. Meanwhile, senior managing director Ju in charge of 

IR, said: “Because of a seasonal factor, the business situation in 

the first half is expected to slowdown more or less, but in the 

second half the mainstream business will be recovered and move 

into an upward trend. But as there is a special demand caused by 

Windows Vista and Lunar New Year Holidays of China in the 

first half, our PC, semiconductors, and LCD products will 

continue to grow. When considering the overall environments 

surrounding the company, the second half of 2007 will be much 

better than the first half.” 

For HP Korea (www.hp.co.kr), the 

company’s management topic of 

conversation is likely to be service strength, 

customer satisfaction, concentration on small and 

medium-sized companies, the personal PC market 

in PC part, graphic art market growth, and 

software development. 

First off, for its Technology Solution Group 

(TSG) core strategy is to solve today’s data 

centers’ problems as the core platform for nextgeneration 

data center. 

In connection with Business Critical Servers, 

HP Korea supports Virtual Server Environment 

based utility computing plus capturing the highend 

Windows and Linux-based server market and 

strengthening integrity servers. 

In the case of storage business, the company 

plans to enlarge market share in order to be enthroned to first in 

the storage market and announces diverse storage products for 

the purpose of midrange market capture. 

Keeping an eye on the fact that the largest cutting-edge at HP 

Korea lies its ability to supply total storage solutions, 

the company wants to utilize its strength as the sole 

company which possessed from storage product group, 

back-up product group up to storage management 

software. 

With regard to HP service, the company is assessed 

to hold HP Global Methods as well as cutting-edge 

application experience besides beefing up Global Delivery 

organization. 

In terms of HP software, HP has been reborn as the primary 

Business Technology Optimization corporation, providing 

comprehensive service from IT strategy up to applications and 

HP Korea 5 year Sales Comparison Chart 

(fiscal year goes from Sept. to Oct.) 

2002 2003 2004 2005 2006 

Sales 1.69 tril. 1.76 tril. 1.49 tril. 1.4 tril. TBA in Feb. 

Capital 33.6 bil. 33.6 bil. 33.6 bil. 33.6 bil. 33.6 bil. 

Employees 1,351 1,211 1,207 1,157 1,179 

Choi Joon-keun, 

president of HP Korea 

(Unit:won) 

Sales declined because the domestic businesses dealt with parent 

company Hewlett Packard instead of HP Korea. 

2004 figures are due to low performance of HP Korea Financial 

Services. 

operation field. HP’s ITSM business offers the 

sole ITSM total solution of one stop shopping at 

home to embody ITSM such as consulting, 

software, construction project, education and 

authentication support. 

Focusing on small & medium-sized 

company markets 

Secondly, HP’s Personal System Group (PSG) 

plans to focus on the small and medium-sized company 

market, and also the individual consumer PC 

market in this year 2007. 

As product strategy, HP Korea presents products 

which reinforce PC’s design and sensitive 

function. HP Korea officials involved in its PSG 

said: “The company plans to apply continuously 

innovative technology fast to product so that HP 

Korea reflects innovative technology into product and customers 

can enjoy more conveniently and easily their digital content by 

means of such innovative technology.” 

As part of market concentration strategies to reinforce small 

and medium-sized company market and individual consumer 

market, HP Korea will enlarge more small and 

medium-sized company market’s turnover by grafting 

diverse IT solution such as financing, solution, and IT 

consulting on PC. It is said that HP Korea maintains the 

van in the entire PC market of small and medium-sized 

company from the first quarter, 2006, according to its 

officials. 

These officials forecast that product formation of diverse price 

level will be the core trend and besides as a new concept’s PC, 

Ultra mobile PC (UMPC) as well as Blue-ray PC and so forth 

will be presented diversely. 

Thirdly, its Imaging Printing Group (IPG) is concentrating to 

present the best printing system for general consumers and corporate 

customers as a printing business circle leader committing 

to innovation. 

In a special measure, HP Korea is assessed to provide diverse 

printer product group’s portfolio so that customers can acquire 

the best value in comparison with their investment. 

For that end, the company plans to beef up digital photo and 

graphic art, strengthen leadership with product portfolio plus 

reinforcing after market this year. 



2007-02_12007.1.2407:6PM페이지16001채널맥(3443-0701) 


Software Human 

Resources Bank to be 

Established 

Software 

On January 15, the Domestic Software Mutual Aid 

Association and the KH Information Education Institution have 

signed an agreement for the establishment of a software human 

resources bank. The software association plans to computerize 

all the human resources of 915 member companies so that the 

member companies, which lack software manpower, can be 

provided with manpower from the association. 

The software human resources bank is expected to be opened 

in the fourth quarter this year. The bank of the human resources 

for software will have the data for human resources of each 

member company along with their major subjects and careers. 

The independent software developers who do not belong to any 

company will also be able to be registered at the bank. 

In order to produce skilled workers, the KH Information 

Education Institution will provide education to the software 

developers who belong to the bank of human resources. In 

particular, in an effort to support the overseas marketing 

exploration of the member software enterprises, the institution 

plans to give not only technical education but also education for 

the local languages, cultures, and marketing. An official of the 

association said that our efforts would be of help for an efficient 

recruitment of software enterprises, and also bring cost saving 

for employment as well as smooth employment. 

KETI Plans 

to Develop Core 

Materials for OLED 

KETI 

In an effort to develop a next generation technology, the 

Korea Electronics Technology Institute (KETI) has made a 

technology agreement with the Ministry of Commerce, Industry 

and Energy at the end of last year, according to KETI on January 

15. From this year to 2009, a total of US$10 million including 

US$6 million to be invested by the government will be used for 

the development of core materials for Organic Light Emitting 

Diodes (OLED). Together with KETI in charge of the whole 

project, the related companies such as LG Chemical, Gracel, and 

Cheil Industries are to be participated in this project. Although 

Korea is the number one OLED display producer, OLED-related 

key materials are being imported from Japan that is producing 

about 78.6% of total OLED-related materials. Because of this, if 

this project is successfully completed in 2009, the import 

replacement effect of US$17 million will be brought to the 

nation. As a result, it will also make a contribution to the trade 

balance between two countries. 

MIC’s Efforts 

to Expand IPv6 

MIC 

On January 9, the Ministry of Information and 

Communication (MIC) has announced that it has held an IPv6 

expansion promotion meeting that is composed of related 

working-level specialists from both the public sector and private 

sector, analyzing the results of the IPv6 project, evaluating it, 

and confirming the implementation direction of the project for 

2007. The project team leader of the MIC said: “Considering 

that this year is very important for the expansion of IPv6 users, 

consensus has been reached that the development of equipment, 

model project, and PR should be implemented successfully, so 

that IPv6 user will increase to 10 million, and all the public 

organizations will be based on IPv6.” 

The MIC plans to develop diverse exclusive content for the 

expansion of IPv6 through its model projects, converting the 

service of public organizations into the IPv6 base system by way 

of connection to the e-government network. To accelerate the 

use of IPv6, if the request for an IP address is made, an IPv6 

address will be assigned preferably. Also, the registration of a 

domain name system (DNS) will be admitted only for IPv6. 

Meanwhile, according to the performance analysis of the IPv6 

project, 8 kinds of technologies including IPv6 base router and 

home gateway have been developed, and also supporting efforts 

have been made for commercialization of those technologies. In 

addition, 20 kinds of model services through its model projects 

have been provided, consequently succeeding in obtaining more 

than 100,000 IPv6 users. 

******************************************** 

IITA 

IITA Supports IT 

Enterprises 

On January 14, the Institute for Information Technology 

Advancement (IITA) has announced that it will provide US$254 

million, including both direct investment and bank loans, to the 

small and medium size IT companies in order to promote the 

R&D and competitiveness enhancement of IT enterprises. The 

project budget covers US$15.1 million for the competitiveness 

enhancement of IT industry, US$11.3 million for the excellent 

technologies of IT industry. With regard to the bank loans, IITA 

plans to provide US$174 million for the development of applied 

technologies, and US$53 million for IT facilities expansion. In 

case of competitiveness enhancement of IT industry, if the 

project belongs to the fields selected by IT 839 strategy, the 

corresponding company will be given a financial support of up 

to US$1.07 million. On the other hand, in case of funding 

support, the bank loan of up to US$2.15 million per company 

will be given to the one that needs money for R&D and 

commercialization. Also, a loan secured against technology will 

is available to the small and medium size companies. The IITA 

will give an explanation meeting for this at the international 

conference room of Korea Federation of Small and Medium 

Business on January 18. 

Backward Linkage 

Industries of 

Semiconductors 

MOCIE 

A senior member of the Korea Semiconductor Industry 

Association said: “From a few years ago, in addition to the 

semiconductor element, the backward linkage industries such as 

semiconductor design, devices, parts, and materials are coming 

to the fore as the world’s best products in the global market. The 

industry circles’ efforts to produce a world class product and the 

government’s support for marketing is forming a virtuous cycle, 

so that more and more world class products are being produced, 

thus leading Korean economy.” 

The government defines the World’s Best Products as 

products whose global market share ranks within five. It also 

defines the Next Generation World’s Best Products as the 

products whose global market share is expected to rank within 

the fifth in three years. The government has begun selecting and 

grouping of home made products by above mentioned criteria 

from 2001. As of December 31, 2006, the total number of the 

world’s best products including the next generation world’s best 

products reached 523. 

Among 523 items, the semiconductor-related devices, parts, 

and materials are 89. In 2001, these backward linkage products 

of semiconductors and display have started with only 8. Since 

then the number of the world’s best product has steadily 

increased. Thanks to the forward linkage industries of the large 

enterprises who are producing world class semiconductors and 

display, its devices, parts, and materials, which are the backward 

linkage products of semiconductors and display, are coming to 

the fore as the world’s best products or the next generation 

world’s best products. In 2001 the elements and panels such as 

DRAM and LCD has become the world-class products. 

At that time the elements and panels take center stage in the 

semiconductors and display industries. But this trend has been 

changed from the year of 2004. The devices, parts, and 

materials of semiconductors and display industries have come to 

the front lines. In particular, by virtue of the symbiotic policy 

between large companies and small and medium business, which 

is being driven on a full-scale basis from 2006, the efforts to 

localize devices, parts, and materials are being made 

enthusiastically. Because of their ardent efforts, more and more 

quality products are likely to make their appearance this year. 

Key Industries’ 

Outlook for 2007 

According to the key industries’ outlook for 2007, which has 

been released by the Ministry of Commerce, Industry and 

Energy (MOCIE) on January 8, semiconductors, display, and 

general machinery are expected to show a favorable trend. The 

heavy electric machines, equipment, and cables are forecast to 

remain in a stable condition. 

But information and communications and consumer 

electronics products are estimated to be in a slowdown following 

last year. Now, let’s take a brief look at the outlook report. 

First, with regard to the semiconductors, thanks to the emerging 

market’s increasing demand for PC as well as the launch of 

Windows Vista, the demand for DRAM is steadily increasing, so 

that its production is expected to increase 11.8% over the 

previous year, thus reaching the exports of US$41 billion. 

This is the first case in history to exceed the exports level of 

US$40 billion. Display production is expected to increase 9.2% 

over the previous years, but it is below the last year’s 13.5% 

increase. Its growth rate of exports is estimated to stand at 

10.5%, a little lower than last year’s 16.1%. Meanwhile, let’s 

see the information and communications and consumer 

electronics products. 

In case of information and communications, the markets for 

low-priced goods continue to grow, and so the domestic 

companies, which put emphasis on producing high-tech quality 

products, are meeting with difficulty and are in a position to 

reduce their production and export. Because of this, its 

production is expected to decrease 3.0% and its exports are 

forecast to diminish 0.5%. However, mobile phones are 

expected to increase 2.0%, thanks to the increasing demand for 

upgraded products and the launch of premium phones. Last year 

mobile phones decreased 9.1%. 

In computers, in spite of the 

Windows Vista effect, their exports 

are expected to decrease 5.4% owing 

to the increasing production in the 

overseas markets. Finally, as for 

consumer electronics products, due to 

the increasing demand for digital TV, 

exports are likely to increase a little, 

but because of accelerated production 

facility transfer to the foreign 

countries, domestic production is 

expected to reduce 3.1% over the 

previous year. Exports are expected 

to increase 3.5%. 



2007-02_12007.1.2407:6PM페이지18001채널맥(3443-0701) 


Interview 

Declining Growth Rates 

Predicted 

2007 might see global slowdown 

According to the import and export outlook for 2007 released 

by the Ministry of Commerce, Industry and Energy (MOCIE) on 

January 3, the exports for 2007 are expected to reach US$360 

billion, a 10.4% increase over the year of 2006, but its increase 

rate of 10.4% is lower than the last year’s 14.6%. Meanwhile, 

the imports for 2007 are forecast to reach US$343 billion, a 

10.9% increase over last year. As a result, the trade surplus is 

estimated to be about US$17 billion, a similar figure to that of 

2006. 

Meanwhile, with regard to the world economy outlook for 

2007, which has a significant influence upon our export, the 

MOCIE has summarized as follows: Developing countries will 

show high growth, and the US will be in a slowdown. In China, 

in spite of a tightened monetary policy, its economy is expected 

to show a high growth rate of 10% level because of Beijing 

Olympic Games for 2008. China is the largest export market for 

Korea. India also is estimated to show a growth rate of 7% 

owing to the increasing investment in its infrastructure. The US, 

however, is forecast to be in a slowdown because of the slump in 

the housing industry that was leading the economic boom of the 

USA. The foreign exchange rate outlook for 2007 is mixed with 

both rising factors and declining factors, thus causing a high 

fluctuation. The MOCIE forecasts that the exchange rate of 

Korean won against US dollar will vary between 900-960 

Korean won. 

With regard to oil prices, the overall supply situation is 

expected to be better, but it will not be easy for the oil prices to 

be lowered, thus likely to remain on the level of US$55-60 per 

barrel. Concerning the export of IT products, the leading export 

items of Korea, the export outlook for 2007 is also showing 

mixed signals. In case of semiconductors, the number one 

contributor to exports, although there are favorable factors such 

as PC market growth and the launch of Windows Vista, the 

growth rate of exports is expected to be 10.7%, far lower than 

the previous year of 23.5%. The exports of flat panel displays 

are expected to show a high growth rate of 47%, but also it is 

much lower than the last year of 185%. 

Import and Export 

Outlook for 2007 

Export Outlook 

According to the import and export outlook for 2007 released 

by the Ministry of Commerce, Industry and Energy (MOCIE) on 

January 3, the exports for 2007 are expected to reach US$360 

billion, a 10.4% increase over the year of 2006, but its increase 

rate of 10.4% is lower than the last year’s 14.6%. Meanwhile, 

the imports for 2007 are forecast to reach US$343 billion, a 

10.9% increase over last year. As a result, the trade surplus is 

estimated to be about US$17 billion, a similar figure to that of 

2006. 

Meanwhile, with regard to the world economy outlook for 

2007, which has a significant influence upon our export, the 

MOCIE has summarized as follows: Developing countries will 

show high growth, and the US will be in a slowdown. In the 

case of China, in spite of a tightened monetary policy, its 

economy is expected to show a high growth rate of 10% level 

because of Beijing Olympic Games for 2008. China is the 

largest export market for Korea. India also is estimated to show 

a growth rate of 7% level owing to the increasing investment in 

its infrastructure. The US, however, is forecast to be in a 

slowdown because of the slump in the housing industry that was 

leading the economic boom of the US. The foreign exchange 

rate outlook for 2007 is mixed with both rising factors and 

declining factors, thus causing a high fluctuation. The MOCIE 

forecasts that the exchange rate of Korean won against US dollar 

will vary between 900-960 Korean won. 

With regard to oil prices, the overall supply situation is 

expected to be better, but it will not be easy for oil prices to be 

lowered, thus likely to remain on the level of US$55-60 per 

barrel. Concerning the export of IT products, the leading export 

items of Korea, the export outlook for 2007 is also showing a 

mixed signal. In the case of semiconductors, the number one 

contributor to exports, although there are favorable factors such 

as PC market growth and the launch of Windows Vista, the 

growth rate of exports is expected to be 10.7%, far lower than 

the previous year of 23.5%. The exports of the flat display are 

expected to show a high growth rate of 47%, but also it is much 

lower than the last year of 185%. 

Changing Times Mean Changing Ways 

The following are excerpts from an interview 

with Assemblyman Hong Chang-sun — Ed. 

Q: Would you tell me about your dream 

and vision for the year 2007? 

A: I hope an atmosphere for which the scientists 

and engineers can have pride will be established 

new year. The recent circumstances which can be 

described as a crisis of the science and engineering 

sectors is discouraging 5 million scientists and engineers 

who have devoted their lives to the research 

and development of science and technology. I want 

to improve such situations so that they can find satisfaction 

by enthusiastically conducting research and 

producing due performances. For that purpose, to 

make utmost efforts to provide necessary legal, 

institutional and policy support is my dream and 

vision. 

Q: What do you think about a crisis of the 

nation’s scientific and engineering education 

and the science and engineering sectors, and 

what’s the solution? 

A: The nation’s science and engineering sectors have been 

facing demands of rapid changes and universities and research 

institutes have to compete with worldwide rivals to survive in the 

globalization era. The employment rate of scientific and engineering 

graduates is about 60 percent and the job shortage will 

likely continue for the time being. Experts point out diverse reasons, 

like the oversupply of graduates and a mismatch between 

demands of industries and school education. A more fundamental 

reason, however, is an educational system of related colleges 

that can’t properly cope with changes in our society. In addition, 

the concerned sectors shouldn’t fear changes to secure a competitive 

edge. In this respect, I suggest three ways to cope with the 

new direction of changes. 

1. Work Smart instead of Work Hard 

In this society of knowledge and information, information is 

sufficient. People can seek information everywhere including 

the Internet. A problem is how to combine necessary and useful 

information to create added value. A traditional boundary 

between learning is disappearing, because converged and mixed 

industries are becoming the center. The traditional industries 

also have a strong tendency to create new added value by 

incorporating with digital technologies. The science and 

engineering fields should move toward working smartly and 

Adaptability is the method to success 

Assemblyman Hong Chang-sun shakes hand with an astronaut suit in Russia 

efficiently instead of working hard. 

2. Reorganization of industries to make improvement 

It is difficult to cope with the changes of the times with the 

existing way of divided industries. The primary industry should 

switch to the 1.5 industry by introducing new processing methods 

to secure a way out. The secondary and service industries also 

can’t survive unless they move toward 2.5 and 3.5 industries 

respectively, after striving to find ways to add value to the current 

methods. It will be necessary to establish an interdisciplinary 

educational system by reflecting such changes to engineering 

education course and research sites and to explore converged and 

mixed tasks. 

3. Step up technological changes 

Only the highest-quality products can survive in this global 

competitive era, because of the shortened cycle of technological 

development. As seen in the case of semi-conductors, the period 

during which new products can fetch a good price is increasingly 

being shortened. Just a few months after, they may be chased by 

latecomers. But for solid R&D capabilities to put new products 

to the market by this time, existence of the company will become 

uncertain. Considering the rapidly shortened technological 

development cycle of the knowledge-based economy, the industries 

should train human resources and proceed with R&D projects. 



2007-02_12007.1.2407:6PM페이지20001채널맥(3443-0701) 

New Year Interview 

/ MOST 40th Anniversary 

Boosting Science Technology 

For Two Score Years 

Making certain Korea’s future remains bright 

This year is the 40th 

anniversary of the 

Ministry of Science and 

Technology (MOST). MOST is 

taking the opportunity to 

commit itself to boost the 

nation’s understanding about 

science technology. 

Science technology is one of 

the fields which has made the 

most rapid strides over the past 

40 years. Other fields have also 

advanced rapidly, but it is not 

exaggerating to state that 1960’s 

Korea, when MOST launched, 

was a land barren of science 

technology. 

Kim Woo-sik, Deputy Prime 

Minister of Science and 

Technology, believes MOST 

also has played a large role for 

the Republic of Korea in 

coming to be ranked as sixth 

highest in technology 

competitiveness globally 40 

years after its launch. It has also 

been instrumental in helping Korea to grow as a 

country to the point where it is ranked 10th in 

economic position globally, he emphasized. 

Our country’s successful industrialization since 

the 1960s is, concretely speaking, chiefly due to the 

fact that MOST had introduced, improved, and 

spread foreign advanced technology by nurturing 

government-funded laboratories including the Korea 

Institute of Science and Technology (KIST), 

according to Kim. 

What’s more, since the 1980s MOST has been 

nurturing the country’s cutting-edge technology 

development capacity by propelling national R&D 

projects in earnest. Such efforts have had good 

effects as they were linked to cutting-edge industry 

revivals such as semiconductor or CDMA 

Kim Woo-sik, deputy prime minister of 

Science and Technology 

technology. 

By Yeo Hong-Il 

Systematic and consistent 

policy needed 

Touching upon the fact that 

the year 2007 is the year to 

commemorate MOST’s 40th 

Anniversary as well as at the 

same time to finalize the current 

Participatory Government’s 

tenure as stated earlier, Deputy 

Prime Minister Kim said: “In 

this respect, MOST will drive 

forward a systematic and 

consistent science technology 

policy according to a long-term 

vision while propelling the 

Ministry’s affairs, attaching 

importance to accomplishing 

policy tasks without any setback 

presented when the Participatory 

Government launched.” 

As regards the science and 

engineering lineage evasion 

phenomenon, Kim pointed out: 

“In order for Korea to be able 

develop as a science power, this must be by all 

means solved,” adding that the government has 

diverse policies such as science and engineering 

lineage nurturing, their utilization and in terms of 

welfare improvement under propulsion. 

In conjunction with such a science and 

technology lineage problem, the Deputy Prime 

Minister pinpointed: “The core of the problem lies 

in the fact that quantitative supply is sufficient, but 

top student numbers who wish to continue their 

studies in the science and technology lineage is 

decreasing and especially lacks cutting-edge core 

manpower to usher science technology 

development.” 

In that regard, he underlined that it is important 

to foster an environment in which crack students 

enter into a science and technology lineage and they 

can be recognized and treated well socially. 

In connection with this, Kim introduced: “For the 

purpose of securing the core science technology 

manpower to usher science technology 

development, MOST has the entire cycle talent 

nurturing policy under propulsion that rears 

intensively till their university graduation by 

singling out crack talent from their earliest 

childhood.” 

Deputy Prime Minister Kim pointed out that 

what social recognition about science technology 

men and economic pay is relatively low. This 

brings about a decline in the morale of science 

technology professionals as well as a science 

technology lineage evasion phenomenon. He 

stressed once again: “It is necessary to foster an 

environment among which science technology 

professionals can research with pride including onthe-scene 

science technology man’s improvement of 

labor conditions, stable research funds enlargement, 

and guarantee of one’s old age.” 

Korea’s noteworthy space development 

It is said on the other hand that a considerable 

part of governmental R&D budget is being used by 

government-funded laboratories. 

With regard to many people pointing out that its 

utilization also must enhance the efficiency even 

higher as its scale increased, the Deputy Prime 

Minister concedes that it is true that governmentfunded 

laboratories’ outcomes have been low in 

recent years in comparison with private research 

institutes or universities. 

Under such recognition, MOST is propelling 

systematically four fields’ 14 preferential propulsion 

tasks such as creative capacity strengthening as a 

technology innovation subject and stable research 

atmosphere fostering so that government-funded 

laboratories can play a role as a supply base 

regarding national core technology by massing their 

research assets and innovation capacity accumulated 

during the past 40 years, he said. 

Top Brand Project, which supports governmentfunded 

laboratories so that they can create 

worldwide research outcomes by massing research 

capacity on their cutting-edge technology field, is a 

part of such governmental measures. 

Since the paper fabrication scandal of Professor 

Hwang Woo-seok of Seoul National University, 

there have been on one hand many controversies 

and problem arguments. 

With relation to this, Deputy Prime Minister Kim 

said the government has prepared its guidelines for 

the sake of securing research ethics last year so that 

the government may encourage government-funded 

laboratories to establish research ethics 

autonomously and to construct research fidelity 

verification system. 

Last year particularly, Korea’s space 

development began in earnest such as the launch of 

multi-purpose practical satellite Arirang #2 and the 

first Korean astronaut selection. 

Owing to recent outcomes, it is encouraging that 

national interest and expectation about space 

development are becoming higher, Kim assessed. 

In order to secure space technology, the future’s 

cutting-edge strategy technology and to preoccupy 

world space industry market, it is reported that the 

Korean government has national space development 

under propulsion with the goal of entering into one 

of world’s tenth space power by the upcoming 2015 

by means of its Space Development Middle and 

Long-Term Basic Plan (1996 to 2015). 

Kim explained: “The first two Korean astronauts, 

in whom all nations are interested, will be trained in 

Russia’s Gagarin Space Center over this one year 

and one person will board the Soyuz spaceship 

around April 2008, will come to carry out 18 zero 

gravity science experiments in an international 

space station.” 

He pledged that the government will commit 

itself to emerge as a power of the world space 

industry market continuously this year too by 

securing space technology, the future’s cutting-edge 

strategy technology, adding that in about 2008 

sooner or later, science technology satellite #2 

manufactured by our hand will be launched. 

Low female professional utilization 

In respect of the female professional shortage 

problem, Deputy Prime Minister Kim concerned 

that female science technology professional 

utilization level is very low for us in comparison to 

advanced countries as the ratio of our country’s 

female researchers who take part in research 

development project is no more than 12.9% as of 

December 2005. 

On the top of that, he said that he believes 

familiar science technology coming near to the 

nation is the road to make science technology 

development more earlier. For that end, MOST is 

unfolding science technology popularization project 

with a view to gaining understanding and support 

from the nation and simultaneously hauling ‘The 

Second Science Technology Korea’. 

In closing, Deputy Prime Minister Kim assessed 

that innovation-model small and medium-sized 

companies are contributing to economic growth and 

job creation by creating new value-added through 

technology innovation. 



2007-02_12007.1.2407:6PM페이지22001채널맥(3443-0701) 

National IT Vision 

/ MIC 

Hoping Korea Unites within Digital Age 

MIC to diffuse IT into all fields 

By Yeo Hong-Il 

In the New Year, Rho Jun-hyong, 

Minister of MIC, Republic of Korea 

hopes that we and the nation all will be 

able to attain a more convenient life with 

information technology. 

The year 2007 is the year to finish the 

five years of Participatory Government. 

Including the period of the Participatory 

Government, the outcomes the Ministry of 

Information and Communication, Republic 

of Korea (MIC) has attained over the past 

10 years are really dazzling. The world 

has completely changed with Information 

Technology. 

By succeeding in national 

informatization, above all Korea rose high 

as a leading IT country both nominally and 

virtually. Korea is the number one country 

globally in the Digital Opportunity Index 

(DOI), assessed by the International 

Telecommunication Union (ITU), while 

our country at the same time is a country 

which uses the Internet best in the world. 

Moreover, the IT industry has grown 

into the core growth engine of the national 

economy, accounting for 15% of our Gross 

Domestic Product (GDP) and 40% of the 

entire economic growth rate plus being 

IT is Driving Force of Korean Economy 

Uniting with digital age 

Our economy cannot be considered without considering the IT industry. 

So stressed MIC minister Rho Jun-hyong in a New Year Greeting party. The 

party’s theme was called “Hope for Korea Uniting with Digital Age” and was hosted 

by the Ministry of Information and Communication (MIC) and 35 telecommunicationrelated 

institutions on January 16 at the Korea Chamber of Commerce and Industry 

(KORCHAM). 

Through his speech, minister Rho defined that this year will become an important 

year for Korea to gauge as to whether our country will be able to continue its phase as 

an IT power. He further committed himself to strive all the more for the development 

of telecommunication broadcasting convergence between industries, and the IT 

industry high value-adds through IT the component material industry and SW industry 

nurturing. 

Touching upon the fact that MIC has a thirteen year history with the saying, “Korea 

was late in industrialization, but should go ahead of other countries in 

informatization,” Rho praised that despite such a short history, Korea has equipped 

itself with the best digital infrastructure in the world. In addition, Korea has become a 

country that utilizes the Internet the most in the world. 

Last year, Korea’s IT industry posted US$24.7 billion in terms of production and 

accounted for 16% of our country’s GDP, thereby coming to be responsible for onethird 

of our country’s entire export. This is why Mr. Roh said: “Without the IT 

industry, our econony can’t be discussed.” 

The 2007 Telecommunication Man New Year Greeting Party drew five hundred 

chief figures from associated telecommunication business circles. 

equal to over one-third of exports. 

IT technology power, which formerly 

followed advanced countries, is changing 

as a position that nowadays ushers in new 

technology. 

So, the world telecommunication 

service revolution also starts in Korea. 

Based on the same latent energy which 

commercialized Code Division Multiple 

Access (CDMA) for the first time globally, 

Korea began WiBro, HSDPA, and DMB 

commercial service in advance of any 

other country in the world. 

The policy environment is fast 

changing. Including telecommunications 

and broadcasting, convergence between 

industries through which diverse industries 

and IT are combined such as medical 

treatment, automobiles and construction is 

speeding up. 

Yet, the IT industry’s growth rate is 

falling gradually and telecommunication 

market facility investment is also not so 

brisk. 

New emerging IT powers like China 

and India are catching up with Korea as 

advanced countries’ restraint is intensified 

due to global competition. In addition, as 

we go forward toward an information society, 

negative functions like cyber infringement, 

violence, individual information outflow, 

and information gap swell out. 

In step with such change, IT policy must 

be changed, Minister Rho, MIC, emphasizes 

in conjunction with the Ministry’s 

next-generation governmental policy 

vision. 

With growth strategy alone limited to IT 

industry, can’t cope with such environment 

change uprightly, he adds, explaining that 

we have to utilize information telecommunication 

technology as a tool to solve our 

society’s problems at large. 

It is important to enhance national 

Minister Roh (left) takes part in informatization education 

productivity at large by diffusing IT into 

economy, politics, society culture and non- 

IT industry. 

In that regard, this year is a pivotal year 

to gauge as to whether the Republic of 

Korea will be able to go ahead 

continuously as an IT power, riding on 

telecommunication broadcasting 

convergence’s huge trend. 

So, MIC is expected to devote energies 

Watch Out! 

Phishing sites disguised as domestic banks 

The Korea Information Security Agency (KISA) said that 

it has found phishing sites disguised as domestic banks 

and requested Internet banking users to be careful. 

KISA said that it received a report that there are phishing sites 

disguised as Kookmin Bank and Nonghyup which encourage 

users to input such data as resident registration numbers, account 

numbers, pin numbers, certification codes and security card numbers. 

KISA said that it received a report that there are phishing sites 

disguised as Kookmin Bank and Nonghyup which encourage 

users to input such data as resident registration numbers, account 

numbers, pin numbers, certification codes and security card numbers. 

The two phishing sites are located in Taiwan. If users input 

their financial information, the information will be given to the 

attackers. 

In particular, the phishing sites reported this time are feared to 

cause much damage as users are connected with the disguised 

to innovating national society with IT and 

to boost the core IT industry’s 

competitiveness, according to Minister 

Rho. 

For this end, MIC will assume 

leadership of national society innovation 

by diffusing IT into entire fields. 

Next, Minister Rho said that the MIC 

will jack up IT industry’s global core 

competitiveness. MIC will further harden 

Minister Roh (center) participates in URC robot pilot service 

safe and reliable information society’s 

discipline system, forging a Ubiquitous 

environment, which fits to convergence 

and complexity trends. 

In closing, the MIC will do its best to 

provide the nation with loved postal 

service by enhancing postal service quality 

and capacity plus innovating ceaselessly 

management, according to Minister Rho. 

sites even if they make a direct input into the bank site through an 

Internet browser. It is because attackers found a way to change 

the content of the hosts file of individual PCs after hacking the 

user’s PC. 

Internet banking users, in case a financial company was established 

as a specific IP address in the hosts file of their computers, 

they should remove the altered sections of the file and perform a 

security search. 

The phishing sites request users to input financial information 

including certificate code numbers and security card numbers on 

one screen, which is widely different from normal sites. 

Therefore, users of financial transactions need to pay keen attention 

to the input screen of financial information for clues. 

Right after receiving the report, KISA cut off the connection 

with the phishing sites located in Taiwan and applied the proper 

steps to the relevant sites. At the same time, KISA requested general 

users to make a thorough windows security patch, periodically 

check PCs by using latest virus scanners and to not offer individual 

information to phishing mails or suspicious sites to prevent 

phishing accidents. 

It also requested users to visit the Korea Internet infringement 

accident countermeasure supporting center at www.krcert.or.kr, 

or the protection country homepage at www.boho.or.kr to report 

suspicious sites related to phishing viruses. 



2007-02_12007.1.2407:6PM페이지24001채널맥(3443-0701) 

New Year Policy 

/ MOCIE 

Changing Trends 

Influence Policy Direction 

On January 2, 2007, the Ministry of 

Commerce, Industry and Energy 

(MOCIE) announced nine major 

trends of the digital electronics industry 

and proposed five policies in response. 

The nine trends started with an open 

system and collaboration to participate in 

the World Trade Organization (WTO) and 

Free Trade Agreements (FTAs). The 

second trend covered creating strategic 

coalitions. Third trend was the spread of 

M&A. Without the marketing and 

advertisement, people might not 

understand the technology, which would 

eventually decrease the market. The fourth 

trend was the creation of a long-tail 

economy that values individual customers. 

The markets will make a high production 

on hit items and needed products and 

control the market. The fifth trend was the 

rising speed of Chinese markets and post- 

BRIC markets. Korea definitely needs to 

come up with a strong technology to 

Electronics industry suggests five new policy directions 

compete against emerging Chinese and 

TVT markets. The sixth trend was 

conversion of a value chain from 

manufacturing to research and 

development. This emphasizes the 

importance of marketing and brands. The 

value of supplements will be decided by its 

service and development. 

The seventh trend was announced as 

strengthening environmental regulations 

and environmental ethics. This will set 

restrictions on EU or China’s products 

regarding the electronic pollutants. The 

eighth trend focused on enlarging international 

patent disputes and changing environment 

standards. The monopolization of 

technology strengthens the economy, therefore, 

parent disputes are necessary and the 

mediating correspondents are needed. 

And finally, the ninth trend is to aim 

high to reach the Finance Era by applying 

information technology, nanotechnology, 

and biotechnology. 

Future Industry Technology Vision Proclamation ceremony, held on Dec. 21 last year 

By Chun, Clair Go-eun 

The Finance Era calls for revolutionary 

change of industry in general by 

combining business with information 

technology, nanotechnology, and 

biotechnology. Korea strives to stay on 

top of the Finance Era. Turkey, Vietnam 

and Taiwan (TVT), Indonesia and Mexico 

will become our new demand basis. The 

hegemony of the digital electronic industry 

is expected to be changed from assembling 

and manufacturing to research and 

development and designing brands. The 

preoccupation of international standards 

and corresponding patents are also on alert. 

The MOCIE analyzed that Chinese 

digital electronic industries will reach first 

rank both in production and profits. The 

reduction of the technical gap between 

China and Korea is an inevitable threat to 

Korea. Not only that, countries like 

Turkey, Vietnam, and Taiwan (TVT) are 

considered to be emerging markets and we 

need to be alert for coalition strategies. 

The five policies that the government 

created to respond to the nine trends began 

with using the Korea-America FTA as an 

opportunity to fortify the industrial 

structure. That requires the maintenance of 

top product growth momentum and 

absorbing the technology skills in weak 

areas. 

The second policy was spreading the 

new universal digital industry. Unifying or 

combining technology to develop into a 

new industry will be used as a 

technological source to set strategies for 

the next generation. 

The third policy that responds to the 

nine trends is the early industrialization of 

the next generation’s growth sector. 

Promoting the first commercializing 

technology to make a new product and 

adapting the customers will be strong 

sources to strengthen the industry. 

Products like the 102 inch PDP, robot 

vacuums, lithium ion batteries for Laptops 

and personal computers are already 

spotlighted to be the next generations’ 

growth sector. The supply and demand 

market will consistently meet satisfaction 

when businesses promote upgraded 

production. 

The forth policy is a high value added 

approach to the upcoming industry. The 

outline of this policy involved the clothing 

and textile industries. The factories and 

heavy industries are aiming to embrace IT 

as it branches out into new industry fields. 

The smart clothing industry, which aims to 

make clothes with electronics embedded 

into them is one example. Another 

example is remote treatment system for 

medical professionals to treat patients in 

inaccessible locations. A third example is 

the many applications of completely 

automated e-manufacturing. They are the 

main examples of heavy industry. 

The last policy MOCIE suggested is 

fortifying patent disputes and 

environmental regulations. The 

competition to win patents is heating up 

because a monopolization of technology 

affects the profits of corporations on a 

large scale. They will set up a team 

corresponding to the Electronics Industry 

Association to mediate patent disputes. 

Environmental regulations will be focusing 

on improving clean technology production. 

The Korean digital electronics industry 

is number one in the world in terms of 

production and application skills. 

However, a weakness in research and 

development technology and original 

technology are the areas that need to be 

improved. The main products like CDMA, 

Digital TV and DVD players still pay 5 to 

15% royalty on the selling price. Using 

the mid to low prices as strategy, Chinese 

products are gradually taking up the 

Korean markets with success. Hyundai 

systems and Daewoo electronics are sold 

to foreign possessions. Korean electronic 

industries are on alert, and the policies 

written to respond to trends will only be a 

start to collide with the problems. 

Technical gaps need to be filled to 

strengthen the Korean IT industry. 

The nine trends of the digital 

electronics industry suggest that there will 

no longer be a boundary between countries 

and industries. Patents, standards and 

environmental regulations will be 

emphasized rather than the production of 

finished products. Preexisting products 

will be combined and unified to add 

variety and elaboration. The trends and the 

policies will help Korea to prepared to 

compete against other IT industrial 

countries and fortify products with 

comparative advantages in the Korea 

America FTA. 



2007-02_12007.1.2407:6PM페이지26001채널맥(3443-0701) 

New Year Interview 

/ MOMAF 

Increasing Yeosu’s Global Visibility 

The Ministry of Maritime Affairs and 

Fisheries (MOMAF) has been going 

all-out to attract the 2012 World 

Expo to Yeosu. This will begin a new era 

of the southern coast and become a catalyst 

for balanced regional development, Kim 

Sung-jin, minister of the MOMAF, said. 

Related to this, the ministry will 

dispatch a Korean delegation to the Bureau 

of International Expositions (BIE) in Paris 

in an attempt to lure the 2012 event in 

competition with Morocco’s Tangier and 

Poland’s Wroclaw, he said. 

The BIE will select a host city among 

the three contenders during the 142nd 

general assembly to be held in December 

2007. 

In an interview with the Korea IT 

Times, Kim said the ministry will speed up 

commercialization and supply of labor 

force given to harbors to enhance Korean 

harbors’ international competitiveness and 

save the nation’s logistics costs. 

“Following Busan Port, which has 

adopted the commercialization plan for 

supply of labor force to harbors, Incheon 

Port and Pyeongtaek Port will introduce 

the plan in a bid to strengthen their global 

competitiveness,” said Kim who took 

office as the head of the ministry in March 

2006. 

Korea-US FTA negotiations 

On the ongoing Korea-US free trade 

agreement (FTA) negotiations, Minister 

Kim said: “The ministry will strengthen its 

negotiating power to minimize damages 

that the domestic fishery sector will suffer 

from the agreement.” 

“Along with this, the ministry will map 

out proper measures to help the domestic 

fishery industry bolster its ability to stand 

on its own and strengthen controls on 

Yeosu desired site for 2012 World Expo 

illegal fishing by foreign vessels,” he said. 

To develop Korean harbors into the 

logistics hub of Northeast Asia, the 

ministry will build advanced harbor 

infrastructure, create more high value adds, 

and construct an up-to-date logistics 

system, he said. 

For instance, the ministry will build 

cargo inflow routes through business 

alliances between harbors. At the same 

time, it will faithfully carry out the global 

logistics network construction project as 

scheduled to support active advancement 

into overseas markets by domestic logistics 

companies. 

The ministry will also make best efforts 

to map out future-oriented strategies, 

including the fostering of the service 

industry, in order to jack up the 

employment rate in the maritime industry. 

“Concretely speaking, the ministry will 

actively push for redevelopment of the 

northern part of Busan Port late next year. 

It will actively foster international logistics 

security services and ship inspection 

By Yeon Choul-woong 

Minister Kim gives a briefing to President Roh Moo-hyun regarding Busan north port 

redevelopment plan 

service industries as new service fields. 

Along with this, we will spare no efforts to 

make active investment in the maritime 

science technology field,” he said. 

Ministry’s 2007 budget 

The ministry’s expenditures for next 

year, now waiting for screening of the 

National Assembly’s budget committee, 

are 3.3 trillion won (US$3.55 billion), up 

6.2 percent from 2006. 

It consists of 2 trillion won (US$2.15 

billion) in the shipping and harbor sector, 

1.2 trillion won (US$1.29 billion) in the 

maritime fishery and fishing village sector 

and 62.8 billion won (US$67.7 million) in 

the maritime environmental sector. 

By sector, the ministry plans to spend 

1.2 trillion won (US$1.29 billion) for new 

port development, 129.4 billion won 

(US$140 million) for coastal fishery 

restructuring and 89.6 billion won 

(US$96.5 million) for tourism 

development of fishing villages and fishing 

ports, he said. 

It will also spend 97.2 billion won 

(US$104.7 million) for persistent fostering 

of maritime science technology, 62.8 

billion won (US$67.7 million) for creation 

of a clean maritime environment and 7 

billion won (US$7.54 million) for 

supporting activities to attract the 2012 

World Expo to Yeosu. 

The ministry also plans to develop 

various new projects for the protection of 

the maritime environment, strengthening 

the safety of fishery goods, improvement 

of the distribution structure of fishery 

products, and preservation and 

management of maritime territory. 

Achievements in 2006 

Since his inauguration, Minister Kim 

has been pushing for field-oriented 

administration and results-centered 

policies to upgrade the maritime and 

fishery policy and satisfy people’s 

demands. 

First of all, the ministry has introduced 

a system for commercialization of the 

labor force supply to harbors for the first 

time, bringing a great change in the 130- 

year-long old pattern of labor force supply 

by harbor labor unions. 

“In preparation for the International 

Maritime Organization’s [IMO] inspection 

of its members, our ministry acquired the 

ISO 9001 certificate from the British 

quality management assessment institution 

in the maritime safety field for the first 

time among central government agencies,” 

said Kim. 

The ministry also established manuals 

for effective and systematic 

countermeasures against possible crises. 

For example, it built 26 manuals for 

countermeasures against crisis situations in 

11 fields, including red tides and sea 

pollution. 

In particular, it has greatly contributed 

to minimizing fishery damages by 

introducing a system to effectively cope 

with the red tide crisis situation. Thanks to 

the introduction of the system, the annual 

average damage from red tides was 

reduced sharply from 7.2 billion won 

(US$7.76 million) during the past five 

years to 70 million won (US$75,460) in 

2006. 

As part of its efforts to attract the 2012 

World Expo to Yeosu, the ministry 

launched a private-government joint 

committee to lure the World Expo and 

built an assistance system for expansion of 

infrastructure in Yeosu. 

Creation of effective harbor SOC 

It readjusted mid and long-term harbor 

development plans in keeping with the 

changing trends of freight cargoes at 

harbors, suggesting the direction toward 

the future-oriented development of 

harbors. 

For systematic preservation of the 

maritime ecosystem, the ministry enacted a 

law concerning preservation and 

management of the maritime ecosystem. 

At the same time, it is pushing ahead with 

legislation of the Maritime Environment 

Management Law for comprehensive 

maritime environment management. 

To reduce ocean disposal, the ministry 

has set the total ceiling of ocean disposal 

for each year. Affected by such a step, the 

quantity of ocean disposal reduced by 12.1 

percent during the January-October period 

of this year from a year earlier. It is the 

first time for the country to see the quantity 

of ocean disposal decline. 

It also mapped out a pan-governmental 

management plan for the protection of the 

ecosystem around Dokdo island and its 

neighboring ocean areas and rational use of 

maritime and fishery resources. 

The ministry also mapped out a draft 

for the effective management of desert 

islands and submitted the bill to the 

National Assembly for approval. 

Globalization of shipping and 

harbor logistics 

“For the first time, we held the Korea- 

China-Japan logistics ministers’ meeting 

and established cooperative and exchange 

systems among the three countries in the 

logistics field, preparing a foundation for 

creation of the logistics market in 

Northeast Asia,” said Kim. 

Through conclusions of a Korea-Greece 

shipping agreement and a Korea-Vietnam 

memorandum of understanding (MOU) for 

harbor investment, the ministry has established 

a foundation for expansion of 

Korean companies’ overseas investment. 

Along with this, the ministry built an 

RFID-based system to improve the productivity 

of Korean harbors, Minister Kim 

said. 

Thanks to these and other efforts, the 

ministry was selected as the best government 

agency in 2006. 

In recognition of the construction of a 

knowledge administrative system and activation 

of edu-ship activities, the ministry 

was singled out as the best central administrative 

agency in the knowledge administration 

field in 2006 and received a citation 

from the President. 

It also received citations from the Prime 

Minister in 2004 and 2005. 

At the same time, the National 

Intelligence Service selected the Ministry 

of Maritime Affairs and Fisheries as the 

best department in its security appraisals of 

government agencies in recognition of its 

excellent security and anti-terrorism activities 

at harbors and ships in the country. 

Kim Sung-jin, minister of the MOMAF, delivers his speech in a ceremony to commemorate 

the 11th Sea Day 



2007-02_12007.1.2407:6PM페이지28001채널맥(3443-0701) 

Open Korea 

/ GyeongGi Province 

Increasing Importance 

of Foreign Investment 

GyeongGi province is well aware 

that in order to achieve foreign 

investment, one must improve the 

investment environment. With that in 

mind, the province is doing its best to 

create the most appealing investment 

environment possible. 

Korea’s foreigner direct investment 

environment’s potential ranks 18th among 

140 countries, but outcome ranking was 

surveyed to be the 107th, according to the 

2005 United Nations Conference on Trade 

and Development (UNCTAD) world 

investment report. 

This is interpreted as a meaning that 

Korea can boost investment attraction outcome 

by removing outcome obstruction 

factors, in other words by means of investment 

environment improvement. Tough 

relation between labor and management, 

administration regulation, and policy 

inconsistency are brought forward as the 

most representative outcome impediment 

elements. In conjunction with this, the 

Korea Development Institute (KDI) analyzed 

labor and management problems and 

administration control as the biggest outcome 

impediment factor for attracting foreigner 

investment. 

Moreover, as the relative importance of 

the increased amount of investment 

accounts for 66.5% among the total foreign 

direct investment, the importance of investment 

environment improvement for foreign 

corporations which made already inroads 

into Korea is on the rise. 

Low penetration satisfaction 

In a New Year written interview with 

The Korea IT Times, Provincial Governor 

Kim Moon-soo of GyeongGi Province 

points out that a foreigner investment environment 

survey carried out in 2006 by the 

GyeongGi to dedicate itself to intense attraction strategy 

Province itself and the Korea 

Trade-Investment Promotion 

Agency (KOTRA) suggests 

many tasks. 

According to a survey 

carried out in 2006 by 

GyeongGi Province regarding 

foreigner investment 

environments, first off the 

satisfaction degree about 

popular traffic of foreigner 

corporation exclusive complex 

appeared to be low plus 

convenience facility shortage 

problem. 

The satisfaction degree 

about penetration procedures also was low. 

Penetration procedures includes investment 

registration, fund statement, corporation 

establishment, and business provider registration 

when foreign corporations wish to 

make inroads into home. Bottleneck fields 

of corporate management environments for 

foreign corporations were surveyed in an 

order of human power employment, law 

regulation, infrastructure and the relation 

between labor and management, Kim 

explained. He added that as to foreigner 

bottleneck items, it appeared to be in an 

order of communication surrounding convenience 

facility shortages and human relation. 

KOTRA’s foreigner investment environment 

survey result also in 2006 was not 

greatly different. When compared with 

neighboring countries such as Taiwan or 

Singapore, Korea showed vulnerability in 

the field of the relationship between labor 

and management, and a matter claiming 

prior settlement was surveyed to be in an 

order of sound relation between labor and 

management, national consciousness 

internationalization, market opening 

By Yeon Choul-woong 

Provincial Governor Kim Moon-soo of GyeongGi Province 

enlargement, and foreign language popularization. 

He added that as a matter calling for 

prior settlement, it appeared to be in an 

order of traffic environment, education 

environment, residing environment, and 

medical service improvement. 

Foreigner investment 

environment survey 

to present many tasks 

The Governor said that GyeongGi 

Province was insufficient in presenting 

policies to solve the relation between labor 

and management, the largest impediment 

factor of investment environment. The 

Provincial Governor said: “GyeongGi 

Province’s investment environment 

improvement direction in the year 2007 

will be focused on existing propulsion project’s 

sustainability and enlargement. Also, 

investment environment improvement system’s 

construction of private-governmental 

collaboration, labor-management problem’s 

subjugation as the largest impediment 

factor for investment environment, 

and foreign corporation worker’s life envi- 

ronment improvement are other important 

factors to consider.” 

Especially with regard to investment 

environment improvement system construction 

of private-governmental collaboration, 

the on-line connection system will 

be constructed through which on one hand 

experts from law firm, search firm, 

accounting corporation and patent corporation 

and on the other hand foreign corporation, 

GyeonGi Province, oversea foreign 

corporation, and foreign corporation council 

within GyeongGi Province can cooperate 

each other, Kim explained. 

As regarding labor-management 

problem’s more substantial approach to 

overcome the largest impediment factor of 

investment environment, GyeongGi 

Province is considering to introduce 

Private Mediation Support Institution for 

Foreign Corporation of the Province level. 

This Private Mediation Support 

Institution is to solve troubles between 

labor and management by helping 

autonomous composition of a mediation 

committee by means of private experts 

with a view to activating private mediation 

institutions. 

In case of presenting a success model of 

the relation between labor and 

management through this Private 

Mediation Support Institution, its ripple 

effect at home and abroad will be big, Kim 

expressed great expectation. 

Investment attraction item’s 

diversification 

As for the factor that investment attraction 

is a tendency to decline nationally at 

large, Kim analyzes such tendency is due to 

the growth rate dullness of domestic economy 

since the year 2004, inferior investment 

environment in comparison to surrounding 

competing countries, won currency 

strength, and anti-corporate sentiment and 

such factors have influence upon 

GyeongGi Province’s investment inducement 

as well. 

What’s more, the Provincial Governor 

diagnosed: “Since domestic larger corporation 

oversea collaborating companies’ 

inroad is in its final stage, investment 

attraction outcome lessened more and 

more, and what at the same time, larger 

project’s attraction including auto as well 

as semiconductor gas corporation was 

small too, acted as a cause of investment 

inducement decrease.” 

As of December 30, 2006, GyeongGi 

Province attained investment attraction 

worth US$14.2 billion from 121 corporations 

by putting its heart and soul for the 

sake of foreign corporation attraction over 

the past four years and indirect employment 

effect is presumed to be 70,000 persons. 

Accordingly, GyeongGi Province is 

becoming a benchmarking object from Free 

Economic Zone Authorities including 

another cities as well as provinces and 

China Qingdao, Kim notes. 

He, in special measure, assessed: 

“Through cutting-edge corporation attraction 

in the meanwhile, GyeongGi Province 

has allowed larger corporation competitiveness 

at home to reinforce with a stable 

component supply of the core component 

material company such as auto, semiconductor 

and LCD plus activating small and 

medium-sized companies by means of the 

source technology’s transfer effect to home 

and by creating the core material component’s 

demand.” 

In a nutshell, he epitomized about the 

result of such large scale investment attraction: 

“It was possible because GyeongGi 

“Since domestic larger corporation oversea collaborating 

companies’ inroad is in its final stage, investment 

attraction outcome lessened more and more, and what at 

the same time, larger project’s attraction including auto as 

well as semiconductor gas corporation was small too, 

acted as a cause of investment inducement decrease.” 

Province actualized speed administration 

which shortened complex administration 

procedure, and satisfaction administration 

for foreign entrepreneur by fostering a 

good business climate to do business.” 

In closing, the Provincial Governor said 

that GyeongGi Province will diversify 

investment attraction items into energy, 

hotel, bio, pharmacy, and digital culture 

content besides manufacturing to accomplish 

US$1 billion goal by the year-end and 

plans to devote intensive inducement strategy 

for the sake of final agreement conclusion 

with foreign corporations worth 

US$705 million which have a negotiation 

under way. 

The ceremony for the completion of Atotek Korea factory, located in Hwasung City, 

GyeongGi Province 



2007-02_12007.1.2407:7PM페이지30001채널맥(3443-0701) 

2007 Focus 

Great Leap Forward 

Lee Jang-moo 

President of Seoul National University 

Last year Seoul National University 

(SNU) commemorated its 60th 

anniversary. For the past sixty years, SNU 

has taken great strides to stand aloft as a 

worldly recognized academic institution centered on 

research. What remains to be achieved in the future is to 

grow further in qualitative terms based on the remarkable 

achievements we have made in the past and to make 

substantive contributions to our society and the world 

community as a whole. 

To this end, we have prepared and declared a new vision 

of making a great leap forward. First, the vision seeks to 

foster men of talent who can be of service to the society with 

a righteous mind and an attitude that puts ideas into action. 

Secondly, we aim to create knowledge and technologies that 

would lead the 21st century and promote science and art. 

Lastly, the vision sets out an aim to develop the national 

culture and take a leading role on the global stage in cultural 

aspects. 

Moreover, we will examine the priorities and carry out in 

due order the numerous tasks we have outlined last year. 

By establishing the next-generation Advanced Institute of 

Fusion Technology, we will reshape the university into a 

center of fusion that fulfills the vision of Knowledge 

Revolution. We will also establish a new center for 

integrated research to reinvigorate intellectual exchange. In 

addition, we will invite scholars and professors from abroad 

and upgrade the faculty and adopt the conferring of joint 

degrees. 

Furthermore, we will make solid preparations for the 

adoption of the Open Major system for gifted students, the 

launching of a global campus, and the founding of a multiresearch 

complex in Cheongra for biomedical research and a 

green bio research complex in Pyeongchang. Especially, we 

will newly build dormitories on an extensive scale and 

accommodate both undergraduate and graduate students, 

thus transforming SNU into a residential campus from a 

commuting one. 

On top of this, we will exert every effort to make SNU a 

university overflowing with creative dynamism stemming 

from intellectual curiosity and imagination raised by means 

of plentiful academic discussions and cultural and art events. 



2007-02_12007.1.2407:7PM페이지32001채널맥(3443-0701) 

2007 Focus 

Challenges and Plans 

Suh Nam-pyo 

President of KAIST 

KAIST has many challenges and tasks in 

2007. First, we must work hard to deserve the 

support of the Korean people. Also, KAIST 

must get the support of the world community 

through our good work. 

The second task for us is that KAIST must provide the best 

education to our students such as an imaginative curriculum, 

teaching innovations, concomitant education in analysis and 

synthesis, bilingual education, a dual degree program, 

encouragement of broad education -- minor and major 

curriculum, and More opportunities and support for student 

initiated projects. 

The third task is to become the best in research through 

KAIST Institutes and individual research. We can do this by 

hiring outstanding faculty, recruiting bright and ambitious 

students, securing research funding, capturing big ideas, and 

working hard. 

The fourth task is to increase the faculty size with 

government support through the goal of a 6:1 thesis student to 

faculty ratio, to recruit the best faculty, implement the new 

tenure system, secure the budget increase, raise funds for chaired 

professorship, and hire adjunct professors. 

As to our fifth task, use of a proper metric for faculty 

contributions and compensation will be another challenge and 

tasks in 2007 including the external evaluation of impacts made 

by faculty, realistic faculty compensation policies, chaired 

professorships, distinguished KAIST professors, and a meritbased 

compensation system. 

The sixth task is the meaningful globalization of KAIST. 

We have almost 50 freshmen from other countries this year, 

international conferences at KAIST, EAC members from other 

countries, collaborative research and education in the 

Cavendish-KAIST Program, and the dual degree program -- 

GIT and others. 

As the seventh task, I would like to highlight fundraising, 

such as for US$1 billion endowment -- cash, land, IP, and others, 

chaired professorships, government budget increases, 

Decentralized fund raising, and more. 

Let us remember that our competitors are also working hard 

and advancing the field of education and research. Therefore, 

we have to work 2 to 3 times harder than our competitors. 

Let us remember that we cannot be followers in education 

and research. We must be leaders in research and education 

through innovation and creative work. 

********************** 

Embracing Globalization Further 

Jeong Chang-yeong 

President of Yonsei University 

In the midst of a rapidly changing 

environment, Yonsei University took a giant 

step forward last year under God’s guidance 

and the support stemming from the passion and 

endeavors of all of the Yonsei family. 

And yet, our major achievements made in 2006 according to 

the Yonsei Vision for 2020 fell short of our expectations. The 

ratio of undergraduate courses headed by full-time lecturers took 

up 59.3% of all undergraduate courses. Moreover, the number 

of foreign faculty members accounted only 46 while the number 

of courses offered in English stood at 15.7% of the total 415 

curriculum subjects. In terms of foreign students at both the 

undergraduate and graduate level, the numbers were mere 194 

and 199 respectively. The globalization of education still lingers 

in the beginning stage. 

The ceaseless provision of new ideas and technologies into 

our society based on global research is a prerequisite to Korea 

becoming an advanced country. This year, too, we have to keep 

this in mind and exert all our energies in the cause of Yonsei’s 

globalization. 

In order to improve the educational environment, we will 

build a new lecture hall for the department of business 

management, a second hall for international studies and the 

students’ welfare hall. Aside from this, we will embark on a hall 

extension for science studies and construct a hall for high-tech 

engineering and an advanced laboratory at the Wonju campus. 

In addition, we have launched a project to establish a biomedical 

university to prepare for the 21st century and display our core 

potential at home. 

In order to enhance the quality of education, we are seeking 

various ways to increase the ratio of lectures headed by full-time 

lecturers. At the same time, we will follow the path toward the 

inbound globalization by increasing the number of foreign 

students and faculty members. 

********************** 

Salvaging Korea’s 

Educational System 

Lee Phil-sang 

President of Korea University 

In the 21st century, the age of endless competition 

worldwide, we are faced with new challenges. Such a situation 

holds true for universities as much as it does for the nation itself. 

Universities have to not only guard themselves 

from such challenges but also furnish new 

knowledge and energies to the society and the 

nation. They should juice up the growth 

potential endlessly as they are borne with the 

responsibility to chart the future. 

In this perspective, it is not at all an 

overstatement that Korea University, the 

university of the Korean people, is endowed with a solemn duty 

to salvage our education once again. Started as the nation’s first 

institution of higher learning, Korea University has stood beside 

the people for the past one hundred years. In the years to come, 

it has to secure national competitiveness by generating 

knowledge in high-tech fields such as IT, and lead the nation’s 

economy and propel social advancement through the learning’s 

globalization. 

Korea University has been fostering the core of talented 

people in the nation’s IT sector by means of high-quality 

education provided by the university’s unmatched faculty in the 

information and telecommunications field. Also, Korea 

University has been providing core knowledge to the IT industry 

through cooperative relationship between the university and the 

business sector. What this shows us is that Korea University has 

been playing and continues to play a central role in elevating the 

competitive edge of the nation’s IT industry. 

In 2007, too, Korea University will do its best to raise IT’s 

core people of talent and render the essential knowledge the 

industry requires. I wish you all the good heath and hope that 

you and the IT family can show us unsparing interest and 

support. Thank you. 

********************** 

Becoming Research Center 

Dr. Lee Yong-doo 

President of Daegu University 

Last year was a fairly memorable year for 

Daegu University as we celebrated our fiftieth 

anniversary. Through various events held to 

commemorate this, we have reaped 

considerable achievements in the midst of 

heightened media attention. 

The announcement of a plan to construct a specialized, 

regional IT research center with a project value of 13 billion won 

is an achievement that has confirmed the university’s potential. 

The spin-off effects on the local community are expected to be 

immense. Taking the opening of a next-generation integrated 

information network as a momentum, we have firmly laid the 

ground for the university to stand out as a model for the nation’s 

best digitalized ubiquitous campus. Also, the opening of Daegu 

University’s R&D Center for Kyungbuk Techno Park has made 

it possible for us to play a key role in the tripartite development 

by academic and research institutions, and businesses in the 

region of Daegu and Kyungbuk. 

Last year, we attracted the largest number of foreign students 

in the Daegu-Kyungbuk region, and built the basis for making 

the university a truly global campus. Through these efforts, we 

were able to win the Grand Prize awarded by the University 

News Network of Korea in its university rating of 2006 in the 

category of global campuses. In addition, we have renewed 

ourselves as an open university that stands side by side with the 

local society by providing various cultural spaces such as the 

library, artificial grass fields, and a Braille library to local 

residents in addition to the university family. 

Since the university’s foundation in 1956, we have been 

achieving truly remarkable growth and development that have 

made us to be included among the top 15 universities in the 

nation. Still, the environment of education is rapidly changing. 

We have now entered an age where any one, not to mention 

universities, that falls behind this wave of change will fade away 

powerlessly. Without your active participation, we can in no 

way fulfill our dream to create an exemplary model for regional 

private universities and make a leap forward. 

********************** 

Culture Tourism to Grow Economy 

Oh Se-hoon 

Mayor of Seoul 

Projections have come forth that the 

nation’s 4% economic growth expected for this 

year may be in jeopardy due to various risks 

home and abroad -- the softening of global 

economic growth, the destabilization of the currency and 

housing markets, and the limited growth of domestic 

consumption due to sluggish demand. 

Under such circumstances, the most urgent task to be dealt 

with by the city government is to revitalize the economy and 

stabilize the lives of middle and lower class citizens by creating 

jobs and by building up the social safety net. But to find a 

fundamental cure to secure the social welfare, we have to ponder 

what measures can revive the city’s economy in the long run and 

create jobs and elevate the city’s competitiveness. 

For this cause, I have christened this year as the watershed 

year for the city’s brand marketing, necessitating us to pay close 

attention to the creative industries of culture, tourism, finance, 

design, and R&D that are certain to become the new engines of 

economic growth in the future. 



2007-02_12007.1.2407:7PM페이지34001채널맥(3443-0701) 

2007 Focus 

In the case of Seoul where manufacturing accounts for less 

than 13% of the economy, we cannot find remedies to the jobless 

growth by means of traditional manufacturing. Besides, we 

cannot pull through the competition with worldly cities, too. 

The reason for my devotion to lay down a framework for the 

so-called creative administration during the six months 

following my taking the oath of office lies at this very reality. 

Already, I have unveiled the city’s cultural-theme-based fouryear 

plan and proposed an aim to open the era of 12 million 

annual tourists by 2010 through the creation of attractions to see 

and enjoy. 

The tourism industry that is highly effective in creating 

values and jobs is the typical of the creative industries of the 21st 

century. And yet, it is a pity that Seoul has not paid much 

attention to the tourism industry until now. 

Compared with many advanced countries that earn about 

10% of their GDP through tourism, the profits earned by the city 

through tourism only account about 4% of its total profits. As 

this remains the case, the tourism industry will provide us with 

new opportunities and challenges that can revitalize the city’s 

economy. 

In addition to the tourism industry, the year 2007 will be the 

inaugural year when we will consolidate the infrastructure of the 

following creative industries that have been selected as six new 

engines of growth: fashion; design; digital content; the service 

industries for finance, logistics, and entrepreneurship; the R&D 

for IT, BT, and NT; and the convention industry. 

********************** 

Continuous Construction This Year 

Ahn Sang-soo 

Mayor of the Metropolitan City of Incheon 

For the past year, our city of Incheon has 

fostered and expanded the growth potential 

with visible outcome through steadfast 

preparations for the city’s balanced 

development. I wish to thank all the citizens 

who have actively taken part to bring such precious changes. 

For this year, I will place the most priority on enticing the 

Asian Games 2014 since the decision as to who will host the 

games was postponed last year. I will also focus on preparing 

the Incheon International City Expo 2009. 

Also, I will lead the development of the Free Economic Zone 

in accordance with citizens’ expectations so that Incheon can 

lead the nation’s economy. 

First of all, I will double the efforts to improve the 

infrastructure. This includes developing on time an international 

business complex and the Incheon Grand Bridge, the 

construction progress of which currently stands at 35%, and 

opening the adjoining roads earlier than planned. Moreover, I 

will exert much effort to attract investment by global 

corporations by actively utilizing the business network based on 

an MOU for investment signed last year with Dubai. 

Furthermore, I will step up efforts to prepare the ground for 

the Free Economic Zone that is distinguished and specialized. 

The tasks to be immersed in to reach this goal include the 

following: the earlier-than-planned groundbreaking of the 151- 

floor Incheon Tower in Songdo; the construction of a golfcourse, 

hotels, hospitals, shopping malls, and a central park; the 

pushing on with the land compensation for the Yongjong belt 

with 4682 acres of land; the groundbreaking of infrastructure for 

the Yongjong-Mui Tourism Complex and a logistical Yongjong 

distribution complex with Fiera Milano as its key player; the 

completion of the land compensation for the Woonbuk Leisure 

Complex; the completion and operation of GM Daewoo’s R&D 

facilities in Chungla District; the building up of Incheon Hi-Tech 

Park; and the development of an international business town by 

the Wachovia consortium. 

********************** 

Long-term Advancement Plans 

Park Seoung-hyo 

Mayor of Daejeon Metropolitan City 

The morning of the Golden Pig that comes 

once in six hundred years has brightened. 

Last year, the Metropolitan City of Daejeon 

was honored as it was selected by a renowned 

rating agency as the top city among cities 

around the nation in terms of most clean public officials and 

highest future competitiveness. 

Above all, we have prepared the base for Daejeon to seek 

long-term advancement by winning the race to host the 2009 

International Aeronautical Congress, securing a repair project for 

the high-speed railway, and fixing the timetable for the firstphase 

development plan for Daedeok R&D Special Zone. 

Moreover, we have set up a substantive series of policies 

aimed at brightening the future of Daejeon. The policies include 

the Rainbow Project, the U-Turn Project for One City-Center, 

and the Campaign to Plant 30 Million Trees. 

These achievements served as a green light to make new 

changes during the fourth mayoral office based upon democratic 

election. 

This year will become the first substantive year when we will 

be opening the way for “Happy Daejeon.” 

There are plenty of work to do for months to come; from the 

job of making the most competitive city of the future to the job 

of reshaping the city to become the most attractive city. 

I find the possibility and hope in the Daedeok R&D Special 

Zone. I gain limitless strength from the citizens’ affection and 

participation. It is said that the dream dreamt by us all will be 

fulfilled. 

I hope that all Daejeon citizens can bring together their 

wisdom so that we can bring out new energies under a new 

vision. 

********************** 

Ceaseless Challenge 

for Company Growth 

Cho Yang-ho 

Chairman of Hanjin Group 

Despite the many difficulties and trials this 

year, Hanjin Group is poised to settle as a real 

global corporation. 

According to his New Year message, 

Chairman Cho Yang-ho, Hanjin Group, has 

committed himself to meet customer expectations by developing 

and upgrading services which can satisfy customer sensitivity. 

By fostering rational management environments based on 

process and system fitting to Global Standard, he further 

committed himself to grow as a flexible and robust corporation, 

which don’t sway by any outward environment change too. 

Hanjin Group plans to inspire vitality in the nation and 

national economy by pioneering new business and market 

aggressively so that the Group can continue sustainable growth 

in the future as well. 

Chairman Cho particularly is worthy of notice by saying that 

the Group will discharge corporate social responsibility while 

accumulating the nation’s confidence through the right path 

management and unfolding social contribution activities briskly. 

He pledged to dedicate himself continuous national 

development and Hanjin’s growth this year too. 

********************** 

Successful Great Innovations 

Park Chan-bup 

CEO and Vice Chairman of Asiana Airlines 

Setting this year’s management goal to be 

strengthening the core capacity, Asiana 

Airlines (www.flyasiana.com) committed itself 

to be reborn as an airline which is loved by 

customers because of the highest levels of 

safety, service and sound finance structure. 

The year 2007 is an important year for Kumho Asiana Group 

to set first foot on the road to become a strong corporation, 

which can continue its business during the coming 500 years, 

according to a New Year message delivered by CEO and Vice 

Chairman Park Chan-bup, Asiana Airlines. 

Last year was the one year during which Asiana Airlines 

committed to change innovatively through service innovation, 

labor-management culture innovation, and shareholder 

satisfaction under the management goal, dubbed Great 

Innovation 2006. 

As part of such commitment, Asiana Airlines has proclaimed 

its determination and commitment to become a beautiful 

corporation, which takes a flight to the future by means of New 

CI and also has introduced airlines changed with new clothes 18 

years after its establishment. 

About the management outcome of last year, Vice Chairman 

Park assessed: “Through cutting-edge in flight facilities and 

differentiated specialized service development, Asiana Airlines 

was able to continue its fame which makes a boast of the highest 

service in the world. The year 2006 becomes the first year to 

meet shareholders’ expectations by means of beautiful labormanagement 

culture settlement and continuous black letter 

management.” 

However, oil prices, which skyrocketed from the beginning 

of the year, exerted a great pressure upon Asiana Airlines’ 

management by posting an unprecedented price level. And due 

to the unexpected North Korean nuke affair, airline demand 

withered. 

Vice Chairman Park emphasized: “To overcome such 

unprecedented crisis circumstance, all executives and staff of 

Asiana Airlines maintained a retrenchment emergency 

management system such as cost reduction and unnecessary 

investment restraint.” 

Despite such difficult circumstances, Asiana Airlines didn’t 

neglect in introducing new airlines continuously and providing 

customers with cutting-edge in flight service by upgrading in 

flight facilities to present differentiated service through service 

development. 

In the year 2006, Asiana Airlines didn’t neglect in developing 

new air routes too. Accordingly, the Airlines started on a 

voyage to Cambodia’s Phnom Penh, Japan’s Asahikawa and 

China’s Dalian anew plus placing its freight route to Malaysia’s 

Penang. 

********************** 



2007-02_12007.1.2407:7PM페이지36001채널맥(3443-0701) 

2007 Focus 

Independent Business Division 

Han Joon-ho 

Chairman and CEO of KEPCO 

The management environment at home and 

abroad surrounding us demands to change the 

electricity industry’s paradigm. Needless to 

say continuous change and innovation since it 

is entering already into an unlimited 

competition era. 

KEPCO’s independent business division system is assessed 

to be the largest autonomous change since KEPCO’s 

establishment, selected for company development based on the 

compromise between labor, management and government at this 

juncture. 

The most important thing for the success of the independent 

business division is to construct business division-oriented 

autonomous responsibility management system firmly, based on 

an independent accounting. 

KEPCO’s affairs routine must be changed so that this 

business division system’s execution effect can be maximized, to 

say nothing of authority’s continuous transfer. 

The company is gaining many outcomes abroad, but our 

company’s oversea business is in a nascent state. 

The electricity industry’s competition facilitation is expected 

with the introduction of new electricity business institution such 

as the advent of private-funded electricity business provider or 

small-sized co-generation electricity business provider. 

Let’s breakthrough unfavorable management circumstance 

such as business dullness and electricity market opening by 

establishing differentiated service strategy to meet diverse 

customer needs and to reinforce market capacity in preparation 

for a full-scale competition era. 

KEPCO must carry out social responsibility more faithfully 

as the nation’s corporation by reinforcing ethics management 

and sharing management even more. 

Let’s make a corporation which contributes to the nation and 

society development and is loved internationally by practicing 

co-existence management aggressively sharing with all party 

concerned such as customer, shareholder, and collaboration 

companies. 

********************** 

Global Business Acceleration 

Cho Jung-nam 

Vice Chairman of SK Telecom 

The year 2006 was one year during which 

SK Telecom consolidated the foundation of 

sustainable growth and entered upon forcible 

steps as a World Leader through global 

business acceleration. 

As you know, SK Telecom has accelerated global business 

such as the 1.5 million S-Fone subscriber breakthrough in 

Vietnam and HELIO business launching in the United States. 

Especially in China, our company consolidated a bridgehead of 

business inroads through a strategic tie-up with China Unicom. 

Moreover, SK Telecom has prepared a stable foothold for 

sustainable growth, coping with the future management 

environment through HR institution’s improvement and growth 

system introduction. 

Through HSDPA commercialization for the first time in the 

world, our company has ushered next-generation mobile phone 

market and by launching new representative brand T. This 

hardened our location as a leader of global convergence market. 

It deserves attention that our investment companies also 

gained remarkable outcomes such as satellite DMB customer 1 

million breakthrough and NATE’s competitiveness 

strengthening. 

I believe that such outcome is the result of efforts not only 

SK Telecom’s constituent, but also all constituents of investment 

companies devoted to foster SUPEX pursuit environment and to 

maximize brain utilization. 

To start off the year 2007, more complex, difficult 

management environments and challenging tasks are awaiting. 

SK Telecom wishes to complete the following tasks in 

priority in the year 2007. 

First, we have to reinforce even more market leadership by 

creating a new 3G market. In the 3G market in which ever fierce 

competition will be unfolded this year, SK Telecom must secure 

market initiative through a firm competition supeority. 

Second, we should create convergence business models. SK 

Telecom will dig out a new growth business and nurture them to 

be able to make convergence markets while innovating in step 

with human needs base. 

Third, SK Telecom has to secure global business’s 

competitiveness. Based on China business prepared to date, we 

should have to actualize MNO as well as convergence business 

inroads in 2007. In addition, by reinforcing global business 

competitiveness which has under way in Vietnam and the United 

States, we should have to enlarge our subscriber base and gain 

substantial growth for a global spring. 

Fourth, SK Telecom will have to spread a creative innovation 

culture for the sake of constituent capacity maximization and 

sustainable growth actualization. 

At the same time, by hardening collaborative relations, I 

sincerely hope that labor and management would play a tractor 

role for company growth and development. 

********************** 

More Than Mobile 

Cho Young-joo 

President of KTF 

This year is the first year of vision 

execution toward KTF’s new 10 years, called 

More Than Mobile. 

Together, a great battle of WCDMA, the 

first gate of vision accomplishment, is waiting 

us. For several years we spared no effort toward being first with 

WCDMA and have committed ourselves to WCDMA readiness. 

As to preferential management direction in the year 2007, 

KTF has to concentrate all its capacity on activating the 

WCDMA market and securing its initiative. 

We start off the HSDPA nationwide network commercial 

service ahead of competitors. 

First, KTF shouldn’t be remiss in the fields of sales capacity 

strengthening, network quality stabilization, terminal lineup, and 

differentiation service so that we can preoccupy market in the 

early stage. 

Second, KTF has to construct a New Growth Engine for the 

sake of Vision 2015. According to regulation environment 

change, combination services like wire/wireless integration and 

convergence field are expected to begin in earnest this year. 

I hope that associated departments would forge new business 

opportunities in wire/wireless combination, digital 

entertainment, finance, and global field, coping with manychanged 

policy environment. 

Third, we should continuously propel our innovation towards 

making KTF first. In the meanwhile, we have devoted many 

efforts for the sake of innovation such as Six Sigma and C&I 

committee and gained outcomes to a some degree. 

However, not remaining at such outcome, KTF will have to 

make doubled efforts so that innovation can be linked to tangible 

profit creation. 

Let’s boldly correct institutions or systems which hinder new 

ideas or provoke consumptive in-house competition. At the 

same time we will forge ‘An Organization Without Walls.’ 

********************** 

Time for Increased 

International Cooperation 

Urszula Raznowiecka 

Charge d’Affaires of Polish Embassy 

“There has never been a better time!” 

Kongja (Confucius) 

Following the words of the Chinese 

philosopher current cooperation opportunities 

in IT sector between our countries provide the 

best potential we have ever experienced. 

Korean IT and ICT companies, known for their state of the 

art technology, unique technical solutions and reliability in 

business relation perceive European markets as their sales 

challenge together with opportunity for further development and 

diversification of products and services. 

Poland, with its market potential belongs to one of key targets 

for Korean companies. Besides, with its increasing ratio of well 

educated IT engineers available widely at competitive labor 

rates, it becomes and ideal platform for West and East European 

IT operations for Korean companies. 

As already proved by main world players from IT sector like 

ABC Data/Actebis, HP, Microsoft, Oracle, SAP, Poland is not 

only a sales market or manufacturing hub, but mainly the center 

of creative ideas and new technological solutions. 

According to Eurostat 2005, Poland offers larger pool of 

scientists and engineers in IT sector than Czech Republic, 

Hungary and Slovakia combined. 

Availability of scientists, almost 500,000 people, makes 

Poland a significant location for upcoming Korean IT 

investments in 2007. 

There is also huge potential in direct cooperation between 

companies. Exchange of know-how, outsourcing possibilities 

and development of a knowledge based economy makes us think 

seriously to increase the collaboration. That is why Polish 

Embassy considers the mission of Polish IT companies to Korea 

at the late 2007 to introduce ideas for cooperation and enable 

new trade contacts for both sides. We believe that trade and 

investment mission will arise great interest and enthusiasm of 

both sides including not only companies but also company 

associations such as IT chambers of commerce. 

Summarizing this New Year’s message, there has never been 

a better time for successful development of IT cooperation 

between the Republic of Poland and the Republic of Korea. 



2007-02_12007.1.2407:7PM페이지38001채널맥(3443-0701) 

2007 Focus 

Tourism 

/ Jeju Free International City Development Center 

Cooperation with Morocco 

Ahmed Bourzaim 

Ambassador of Morocco 

It gives me a great pleasure to address the 

readers of the Korea IT Times magazine and 

wish them all the best for the New Year 2007. 

I am also very thankful to the esteemed 

magazine for giving me this great opportunity 

to update the Korean business community, especially those who 

are involved in the IT sector, with the Korea-Morocco 

cooperation in IT. 

I would like to take this occasion to stress the fact that Korea- 

Morocco IT cooperation was set up based on a legal framework 

embodied by the agreement on cooperation in ICT’s that both 

parties signed in May 21st 2001 and is continuously enhanced by 

several official visits, meetings, seminars, organized in the two 

countries as well as by the projects already initiated in this 

respect. 

The Korea Morocco IT Forum which has been held on an 

annual basis since 2002 and which set up a Steering and 

Coordinating Committee in charge of the follow up of the 

implementation of the ICT Agreement and the Morocco-Korea 

ICT Business Cooperation Meeting held in Rabat in December 

22nd 2003 and which monitored the carrying out of several 

projects, to name but a few, represents an illustration of a close 

cooperation between Morocco and Korea in IT sector. 

The future of cooperation between the two countries in this 

important field can only be prosperous given the advancement of 

Korea and the major development witnessed in Morocco in this 

field in recent years. 

Indeed, the Moroccan government has devised a new e- 

Maroc strategy that touches on the coming years. It is aimed at 

developing the information society and bridging the digital gap 

on one hand, and positioning Morocco in the international scene 

of the IT, on the other. In order to attain this objective, the 

government has signed a program-contract for the 2006-2013 

period with the private sector that eyes a 10% contribution of the 

IT sector in the GDP in 2013. It also aims at reaching a turnover 

of US$2.2 billion, excluding telecoms, and creating over 

130,000 direct and indirect jobs by the same year. 

I would like to conclude by making a call from this tribune to 

the Korean businessmen for an enhanced bilateral partnership in 

the IT sector, taking advantage of the enumerable opportunities 

this area offers and saluting again the Korea IT Times for their 

valuable contribution in bridge-linking private sectors and 

providing adequate information on the IT industry. 

Jeju Seeks Master Developer 

For Resort Complex 

Jeju Free International City 

Development Center (JDC / http:// 

www.jdcenter.com) announced on 

December 18, 2006 that it is accepting 

tenders for a master developer of resort 

style residential complexes. 

Jeju Special Self-Governing Province, 

off the southern tip of Korea, will be home 

to a resort style residential complex, slated 

for completion in 2011. 

Located within a magnificent stretch of 

property on Jeju’s southern coast, the 

US$436 million complex will be marketed 

to leisure travelers and extended stay 

tourists as well as people who desire a 

luxurious second home in one of the 

region’s most sought-after resorts. It will 

integrate 1,500 high-end residences with 

world-class leisure and health care 

facilities, offering a variety of investment 

opportunities including hotels, villas, 

condominiums, shopping, dining and 

personal care. 

JDC is seeking a foreign company or a 

consortium of Korean and foreign 

companies, with at least 20 per cent 

foreign investment, to act as master 

developer. The deadline for receipt of 

tenders is April 13. 

The resort style residential complex will 

be built on either side of the stream for 

which it is named. This balance of nature 

and modernity is something Jeju is proud 

of and JDC is committed to sustainable 

development. It is paramount that Jeju’s 

natural beauty and pristine environment, 

the most valuable of Jeju’s resources, be 

preserved during construction. 

This three quarter-million square 

kilometer project also lies in a strategic 

geographical location within two hours 

flight time of 17 of Asia’s largest cities. 

While it is close to everything, the area’s 

View of Jeju’s pristine coastline 

Map of Jeju Island 

Shopping Outlet 

Myths and History Theme Park 

tranquility makes it ideal for the growing 

medical tourism industry. Because of local 

expertise in oriental medicine, this resort 

style residential complex can offer herbal 

medicine and aesthetic treatment in 

addition to preventative and recuperative 

care. By 2011 Jeju expects to attract 

around ten million tourists. 

Residents and visitors staying in the 

resort style residential complex will be 

Jeju International Airport Free Trade Zone 

High-tech Science 

and Technology Complex 

Seogwipo Tourism Port 

Expansion of Jungmun Resort 

Resort-type Residential Complex 

able to enjoy a number of recreational 

facilities including a swimming pool, 

tennis courts, a fitness center and a spa 

with an aroma therapy center. Not far 

from the complex will be two other 

projects overseen by JDC, a high tech 

science and technology complex and a 

theme park based on the myths and history 

of Asia. 

(More information: +82-2-3453-1392) 



2007-02_12007.1.2407:7PM페이지40001채널맥(3443-0701) 


Peace and Stability 

Brings Prosperity 

Close international knowledge exchange can benefit both countries 

The following is a message from N. Parthasarathi, 

Ambassador of the Republic of India, on the occasion 

of India’s National Holiday, Republic Day -- Ed. 

On the occasion of the 57th 

anniversary of the Republic 

Day of India, I would like to 

extend my warm greetings and 

felicitations to our fellow countrymen 

as well as to our enormous well 

wishers in the Republic of Korea. I 

share with them hopes and aspirations 

for a prosperous India symbolizing 

peace and stability in our region. 

Although India and Korea are geographically 

distant, there have been 

historical and cultural contacts 

between our two peoples dating back 

to ancient times. Significant 

exchanges, especially in arts, architecture, 

technology, costumes, musical 

skills and instruments took place through the Silk Road 

during the fifth and sixth centuries. The enduring philosophy 

of Buddhism which has influenced the lives 

and thoughts of our peoples has also provided a strong 

link between our two countries. 

Poet Rabindranath Tagore’s contribution is cherished 

fondly in Korea, even today, for it provided 

immense hope and courage to the Korean people subjugated 

by colonial rule. When the tryst with freedom 

finally came in 1945, association of Korea with India 

continued. India was the Chairman of the nine-member 

UN Commission set up to hold elections in Korea 

in 1947. As Chairman of the Neutral Nations 

Repatriation Commission (NNRC), the 3000 strong 

Custodial Force of India implemented the onerous task 

of repatriation of 23000 POWs and earned deep appreciation 

from everyone concerned. India and ROK 

N. Parthasarathi, 

Ambassador of the Republic of India 

established consular relations in 1962 and on 10th 

December 1973, this blossoming relationship was 

upgraded to diplomatic relations at an ambassadorial 

level. 

H.E. President Mr. Roh Moohyun’s 

visit to India in October 2004 

proved to be an important milestone in 

our bilateral relations. Both India and 

the ROK have a mutual interest in the 

maintenance of peace, stability and 

prosperity in Asia and the world. 

During the visit, both countries agreed 

to establish a Long-term Cooperative 

Partnership for Peace and Prosperity. 

The visit of H.E. Dr. APJ Abdul 

Kalam, President of India to South 

Korea in February 2006, has led to our 

relations entering a new vibrant phase. 

During the visit of the President of 

India to Korea, a Joint Task Force was 

launched to negotiate and conclude a 

Comprehensive Economic Partnership Agreement, 

which is an FTA+, by 2007. The Glimpses of India 

festival organized in Korea in the month of November 

provided an opportunity to showcase the rich culture 

and heritage of India to the Korean people. An Indian 

Film Festival, Dance Exhibition, Puppet shows, Photo 

Exhibitions, Food Festival and Indian Textile 

Exhibitions were organized under the ambit of this 

Festival. 

The reality of Asia’s significance in today’s global 

economy reveals that the balance is decisively shifting 

to Asia, as half the growth in world output now comes 

from Asia. As Asia has changed in the last decade, 

India too has changed. We pay tribute to the success 

of member countries of ASEAN, Republic of Korea 

and China. Their achievements have shaped India’s 

thinking. A few years back, when India set the target 

of bringing its tariffs down to ASEAN levels, it was 

not just an exercise in tariff liberalisation but it was a 

well thought out attempt to benchmark our economic 

performance against some of the best performing 

economies in our neighbourhood. Our country’s 

Look East Policy launched in 1992 marked a strategic 

shift in India’s vision of the world and India’s place in 

the evolving global economy. It was about reaching 

out to our civilizational neighbours in the region, as 

we believe India’s destiny is interlinked with these 

countries. 

India is unique in one respect. There is no other 

country with a billion people, with tremendous cultural, 

linguistic and religious diversities that has attempted 

to modernize its society and transform its economy 

within the framework of a functioning democracy. I 

am happy that our efforts at transforming India into an 

economy, well-integrated with the global economy, 

have been successful. Today, India projects a vibrant 

economy as its growth is on an ascending trajectory. 

The current economic growth is around 8.3% and we 

hope to achieve a 9-10% sustainable growth in the 

coming years. Our optimism is based on the fact that 

our savings rate is now over 29% of GDP and the 

investment rate is around 31% of GDP. In the past 

couple of years, our policies relating to investment, 

taxation, foreign trade, foreign direct investment, 

banking, finance and capital markets have all evolved 

to make Indian industry an enterprise more competitive 

globally. 

There is tremendous confidence and optimism all 

around, so much so that experts forecast that by 2020 

India would rank among the top three economies of 

the world. India has now become one of the most preferred 

destinations for sourcing software and IT 

enabled services. 

India is no more a new destination for Korean businessmen. 

They have established an irreversible and 

enviable presence in the Indian market. Their acumen 

and foresight in investing early in India has brought 

rich dividends for both our countries. Samsung, LG, 

Hyundai are all household names in India and have 

established a premium brand positioning. Korean 

products are known to offer good value for the money. 

Each of these companies has quickly cornered an 

excellent share of the Indian market. The Korean steel 

giant POSCO is implementing a huge US$12 Billion 

integrated steel project in the State of Orissa in India. 

Our bilateral trade in 2006 was over US$8 billion and 

is poised to overtake India-Japan bilateral trade. 

There are a large number of areas where Korea and 

India can work together. Korea has cutting edge technologies 

and you have huge foreign exchange reserves 

and other financial capabilities. India has large human 

resources, a stable and conducive environment to 

invest and it also provides with a large market. For 

example, Korea has the best IT hardware capabilities 

and India has the best software capabilities. Joining 

hands is a win-win situation for both our countries. 

Energy security is another area where our two countries 

have strong common interest. Both our countries 

are major buyers of petroleum and natural gas. We 

must co-ordinate not only to ensure competitive prices 

and assured supplies but to tap new energy sources. 

India would provide a huge market and it would also 

serve as a base to reach out to the neighbouring and 

Middle Eastern markets. 

There is a great future for Indo-Korean economic 

cooperation in knowledge based industries in infrastructure 

development, biotechnology, automobiles 

and components and pharmaceuticals. Our coordination 

and joint ventures in energy including hydrocarbons, 

power generation, and refineries is of great 

importance. I would like to recall the prophetic poem 

of Poet Rabindranath Tagore, Indian Noble laureate 

poet who wrote in 1929 that: 

“In the golden age of Asia 

Korea was one of its lamp bearers. 

And that lamp is waiting 

To be lighted once again, 

For the illumination of the East”. 

The lamp has now been lit through knowledgebased 

technologies and Korea has emerged as a torch 

bearer of East Asia. I take this opportunity to further 

strengthen the existing friendly relationship between 

India and the Republic of Korea and hope that 2007 

would prove yet another year of great significance in 

strengthening India-Korea relations. 

Indian President 

Dr. A.P.J. Abdul 

Kalam (left) at a 

banquet with 

Korean President 

Roh Moo-hyun 

(right) 



2007-02_12007.1.2407:7PM페이지42001채널맥(3443-0701) 


Vibrant Cooperation Era 

India and Korea entering new stage of cooperation 

The economies of India and Korea complement 

each other significantly. They must be 

harnessed for our mutual benefit, says N. 

Parthasarathi, Ambassador of India. 

In an exclusive interview on the occasion of India’s 

Republic Day, the Ambassador said India’s strategic 

location as an essential link between different subregions 

of Asia could be used by Korean business and 

industry for relocation, regional and global 

outsourcing. 

He emphasized that India’s knowledge-based 

service industry can complement Korea’s hardware 

and manufacturing-based economy. 

The Ambassador also emphasized the similarities 

and ancient ties between the two nations, saying that 

the two countries were tied together throughout the 

years. 

Finally, the Ambassador spoke of his president’s 

unique history for a national leader, and his continued 

emphasis on science and technology. 

The following is an interview with Indian 

Ambassador Nageshrao Parthasarathi — Ed. 

Q: Please describe the significance of India’s 

Republic Day? 

A: India became independent on August 15, 1947. 

However it was on January 26, 1950 that the 

Constitution of India came into effect making India a 

Sovereign Secular Democratic Republic. January 26th 

has since become an important day in Indian history 

and is celebrated with great fervor by Indians not only 

in India but also abroad. In India on the Republic Day 

celebrations are held in every State. A grand colorful 

function is held in New Delhi, which is presided over 

by the President of India, and is followed by a 

spectacular march by the armed forces. A 

breathtaking display from different States of India is 

held to demonstrate the richness and diversity of 

Indian culture. On this day a Chief Guest, normally 

Head of State or Government of a friendly country is 

invited to participate in the celebrations. 

Q: What is the Indian Government’s policy to 

foster IT Growth? 

A: The Indian Government realizes the potential of 

knowledge-based industry and its role in economic 

development. India today is a leading outsourcing 

destination for IT and IT-enabled services (ITeS). The 

current revenue of around US$30 billion is expected to 

grow to around US$150 billion by 2012. 

The phenomenal growth of the IT sector has been 

possible because of the enlightened liberal policies 

adopted by the government of India. The Information 

Technology Act of India provides a stable backbone 

for e-commerce. The Government is promoting 100 

percent Foreign Direct Investment in different sectors 

of the IT industry and encourages increased 

investment in the telecoms sector. The Government of 

India pays special attention to the IT-related hardware 

manufacturing sector. A National Venture Capital 

Fund has been set up to promote small scale IT units. 

Special Economic Zones (SEZ) and Software 

Technology Parks have been established across India 

to facilitate the development of the IT sector. There 

exists a well established IPR law and an independent 

judicial system to assure investors. Information 

Technology is a part of the Government’s national 

agenda aimed at supporting higher growth and 

integration with the global economy. 

Q: What are the advantages that India has 

over other countries in the IT sector? 

A: The core competence of India is the availability 

of technically skilled and English speaking human 

resources at costs significantly lower than most 

countries. The increasing 

awareness among global 

companies about India’s 

capabilities in higher and value 

added activities is another factor. 

The stress on quality orientation, 

project and management expertise 

is yet another advantage. 

Government policies on IPR and 

Data protection have helped in 

generating high levels of 

confidence in India among 

investors. The recognition of 

India’s strengths internationally 

with domestic IT giants like Tata 

Consultancy Services, Wipro 

Technologies, Infosys 

Technologies and HCL is leading 

the way to make India a major IT 

hub globally. 

Q: What are the major 

tourist destinations of India? Are Korean visitors 

increasing? 

A: India is possibly the most diverse nation in the 

world. A visit to India is a great opportunity to see a 

unique blend of different religions, customs, festivals, 

cuisine, sights and sounds. The whole territory of the 

Indian peninsula is dotted with tourist destinations 

from Kashmir to Kerala and Gujarat to West Bengal. 

From snow-covered mountains to golden beaches, 

widely spread deserts to lush green forests, India is a 

true traveler’s paradise. It is like saying “come to 

India and see the world.” 

It would be difficult to pinpoint a few places but if 

one visits India for the first time then the Golden 

Triangle tour is the best option to explore. The tour 

covers historical cities of Delhi, Agra and Japiur to 

provide the tourists a glimpse of their grandeur, glory 

and diversity. South India, the perfect blend of rich 

cultural heritage and modernity, offers forts, palaces 

and temples that speak of the regions historical past. 

South India is also known worldwide in the field of 

information technology, as main cities of the region 

constitute some of India’s major IT hubs. India also 

provides ample opportunities for the adventure tourist. 

The eastern part of India is still an unexplored area 

blessed with beautiful hill stations and thick evergreen 

rain forests. The western and northern parts of India 

have some of India’s most popular tourist destinations 

— from the intricately designed temples, the splendor 

of the majestic forts, sand dunes of Rajasthan to the 

stoic but architecturally beautiful monasteries of 

Ladakh. Other tourist attractions include the beaches, 

backwaters, hill stations, wildlife sanctuaries and 

pilgrimage centers. Of late “Medical Tourism” is fast 

growing as India with its medical institutions of 

excellence not only provides world class treatment at 

affordable prices but also offers the choice place of 

recuperation to the patient. 

The number of Korean visitors to India has been 

steadily increasing and more than 50,000 people from 

Korea visit India annually. India is the land of Lord 

Buddha. Various places associated with the life of 

Lord Buddha are a major tourist attraction for Korea. 

Koreans are also intrigued and amazed by the fact that 

India possesses a dazzling variety of languages, 

cultures, ethnic groups, beliefs and lifestyles but still 

projects unity in its diversity. 

Q: What such important developments, if 

any, have taken place between Korea and your 

country in the past year since our last article 

about your country? 

Indian President 

Dr. A.P.J. Abdul 

Kalam addresses 

the National 

Assembly of the 

Republic of Korea 

“India’s strategic location as an essential link 

between different sub-regions of Asia could 

be used by Korean business and industry for 

relocation, regional and global outsourcing.” 



2007-02_12007.1.2407:7PM페이지44001채널맥(3443-0701) 


Korean President 

Roh Moo-hyun 

(right) and Indian 

President Dr. 

A.P.J. Abdul 

Kalam (left) in 

Seoul, February 

2006 

A: The last year has been eventful in consolidating 

and expanding our relations with Korea. The visit of 

His Excellency Dr. A.P.J. Abdul Kalam, President of 

India to South Korea led to our relations entering a 

new vibrant phase. A number of high level ministerial 

visits including those of the Ministers of Finance, 

Communication and Information Technology, 

Minister of State of Defense, Chief Ministers of 

Haryana and Uttaranchal States have taken place. The 

negotiations on a Comprehensive Economic 

Partnership Agreement are proceeding smoothly. A 

large number of business delegations have visited each 

other’s countries. The Glimpses of India festival 

organized in Korea in the month of November 

provided us with an opportunity to showcase our rich 

culture and heritage to the Korean people. An Indian 

Film Festival, Dance Exhibition, Puppet shows, Photo 

Exhibitions, Food Festival and Indian Textile 

Exhibitions were organized under the ambit of this 

Festival. 

Q: Please elaborate about investment opportunities 

in India in which Korean companies 

would be interested. 

A: India is a fast expanding market. India 

provides a level playing field for foreign investors. In 

fact India is no more a new destination for Korean 

businessmen. They have established an irreversible 

and enviable presence in the Indian market. Their 

acumen and foresight in investing early in India has 

brought rich dividends for both our countries. 

Samsung, LG, and Hyundai are all household names 

in India and have established a premium brand 

positioning. Korean products are known to offer good 

value for the money. In fact in India 85 percent of the 

foreign companies make consistent profits. Samsung, 

Hyundai, LG and many other companies have 

expanded their operations in India. POSCO is going 

ahead with its plan to build a US$12 billion integrated 

steel plant in India. 

India-Korea bilateral trade has more than tripled 

over the last ten years and has crossed the US$7 

billion mark. The target of US$10 billion is to be 

achieved before 2008. Currently India-Korea trade 

has overtaken India-Japan bilateral trade. Similarly 

the Republic of Korea is among the important 

investors in India. With the investment of POSCO, 

Korea is likely to emerge among the top investors in 

India. 

However, compared to the potential that exists, 

India-Korea trade and investment is still minuscule. 

Tremendous potential exists for Korean investment in 

sectors like power, automobile, food processing, 

pharmaceuticals and major infrastructure projects. To 

facilitate investment, the Department of Industrial 

Policy and Promotion (DIPP) in the Ministry of 

Commerce and Industry in India has set up a Korea 

Desk to help investors from Korea. India would not 

only provide a large market, but would serve as a 

regional hub for Korean companies to access markets 

in neighboring countries and in the Middle East. 

Q: Please introduce in detail the Head of 

State of your Country, including his major 

achievements, political philosophy, family and 

hobbies. Please also adequately introduce your 

Minister of Foreign Affairs. 

A: Our President Dr. A.P.J. Abdul Kalam is one of 

the most distinguished scientists of India. He has held 

a number of senior positions in premier scientific 

institutions of the country and he has served as the 

Principal Scientific Adviser to the Government of 

India. He is the author of a number of books — 

Wings of Fire, India 2020 - A Vision for the New 

Millennium, My Journey and Ignited Minds - 

unleashing the Power within India. These books 

which provide inspiration to millions are very popular 

both in India and abroad. Dr. Kalam is known for his 

humane approach, his deep concern for the cause of 

the poor and his vision to develop India into an 

industrialized nation by 2020. Most importantly, he is 

easily accessible and he loves to interact with children 

and to inspire young minds. Even as the President of 

India, he regularly answers questions through his e- 

mail and a large number of students interact with him 

on a daily basis. Dr. Kalam’s profile can be seen on 

the impressive website www.presidentofindia.nic.in. 

Mr. Pranab Mukherjee, a senior Congressman with 

wide experience moved from the Ministry of Defense 

to take over as the Minister of External Affairs in 

October 2006. Mr. Mukherjee is a seasoned 

Congressman and has earlier served as Cabinet 

Minister of Defense, Commerce, Finance, Steel and 

Mines and External Affairs with great success. Mr. 

Mukherjee is the author of a number of books 

including Midterm Poll, Beyond Survival: Emerging 

Dimensions of the Indian Economy, Off the Track, 

Saga of Struggle and Sacrifice and Challenges Before 

the Nation. Mr. Mukherjee’s profile can be seen on 

the website www.meaindia.nic.in. 

Q: Please explain about yourself and your 

activities in Korea, and those of your spouse if 

desired. 

A: Being a career diplomat, I am proud to 

represent my country at a time when our bilateral 

relations have entered into a vibrant phase. India- 

Korea economic relations are growing fast and I do 

not see any impediments on the way. However, there 

is tremendous work that needs to be done to tap the 

huge potential for further cooperation. 

I never felt like a foreigner in this country. Korean 

people are polite, friendly, hospitable, generous, 

hardworking, highly committed and have a desire to 

achieve. I am always touched by their kindness and 

willingness to help. Korea’s history and heritage 

offers so much to learn. India-Korea relations go 

back almost 2000 years and our shared values make 

me and my family feel entirely at home in Korea. 

Q: What do you think of current bilateral 

relations between our two countries in terms of 

IT collaboration, and what can be done to foster 

increased IT collaboration between our two 

countries? 

A: The economies of India and Korea have 

significant complementaries which must be harnessed 

for our mutual benefit. India’s strategic location as 

an essential link between different sub-regions of Asia 

could be used by Korean business and industry for 

relocation, regional and global outsourcing. Our 

knowledge-based service industry will complement 

the hardware and manufacturing-based economic 

structure of Korea. Moreover, in the competitive 

global trade, India and Korea can jointly make highly 

advanced knowledge products to achieve a high 

market share. We also believe that our competencies 

in pharmaceuticals and research in biotechnology, 

nanotechnology, and information technology will 

ensure emergence of new knowledge-based health 

care devices and medicine utilizing the rich 

biodiversity of both our countries. 

The core competence of India is the technically 

qualified human resources well known for its software 

expertise. Korea has the cutting edge technology in 

IT hardware. There is tremendous scope for 

collaboration as complementaries and synergies are 

limitless. There remains a large untapped potential 

for further cooperation in this sector. Just to give one 

example of the tremendous opportunities in the Indian 

IT industry, every month we are adding 5 million new 

“Tremendous potential exists for Korean 

investment in sectors like power, automobile, 

food processing, pharmaceuticals and major 

infrastructure projects.” 

subscribers in the mobile phone sector. The IT 

industry has the potential to translate itself into the 

main pillar of the economic engagement between the 

two nations. The visit of Mr. Dayanidhi Maran, 

Minister of Communication and Information 

Technology of India to Korea in June this year was 

significant in appreciating the future collaboration 

possibilities and the two governments are now 

engaged in promoting enhanced cooperation among 

the IT industry in our two countries. 



2007-02_12007.1.2407:7PM페이지46001채널맥(3443-0701) 


India!! 

Variety on a Platter 

India offers rich cultural diversity to tourists 

By Matthew Weigand 

Planning a trip to India? We are certain it will be 

a perfect holiday since India has everything a 

tourist can ask for, and more. A word of advice: 

Before you step out of your home, remember India 

holds many surprises. So, come mentally prepared. 

India fascinates. At every step there is something 

new. It is a country where centuries-old traditions 

intermingle with the latest in the world. India has the 

power to drown you with its size and diversity. Add 

to it a liberal dose of the sensual and what you end up 

with is one of the most intricate and rewarding dramas 

unfolding on earth. 

Nothing in the country is ever quite what you 

expect, and the only thing to expect is unexpected, 

which comes in many forms. Nowhere on earth does 

humanity present itself in such a creative burst of 

cultures, religions, races and languages. 

India’s tourism resources are immense. There is a 

wide variety for those interested in history and culture, 

both of which are unique. India’s civilization is an 

amalgam of the Vedic, Islamic and Western streams, 

and the monuments, sculptures and paintings bear 

testimony to the national ethos for harmony in 

diversity. 

India has to be experienced in its natural form. The 

country has to be viewed in its totality: as a 5,000- 

year-old civilization besides being a modern nation. 

Once the visitor has an open mind to see India as it is 

with its diversities, the country will unfold its charm. 

And, what a variety! The country provides the widest 

possible range of attractions from snow-clad 

mountains to sun-drenched beaches, diverse cultures 

and an astonishing range of colors. 

The rich architectural heritage is India’s main 

strength where one can see a combination of Hindu, 

Buddhist, Jain, Muslim, Mughal, British, French, 

Hellenic, Roman, Dutch and Portuguese architecture. 

It is like seeing the whole world in India. UNESCO 

has declared 26 monuments in India as heritage 

monuments — the largest congregation of heritage 

monuments in a country. 

Festivals and fairs are key aspects of India’s 

cultural heritage and there is a festival in every season. 

The festivities, spread over the year, offer an 

opportunity to see and experience the culture of the 

country. 

Shopping in India is a real bargain. The goodhumored 

bargaining makes shopping an enjoyable and 

worthwhile experience. There is something for 

everyone. For ladies, handmade filigree silver 

necklaces, hand loom tie and dye, silk dress materials, 

attar (perfumes), silk shoes with gold decoration, zari 

work and clutch bags. For men, light silk shirts, 

fashionable silk and rayon ties, well-stitched ready-towear 

suits, pure leather briefcases and matching shoes. 

In addition, there are whole wardrobes of elegant 

regional dresses and accessories for almost everyone. 

Indian dishes are the most famous in the world for 

its cuisine. 

Above all, India is a country which has to be experienced 

from the first Namaste to the last good-bye! 

A spot of adventure 

India has practically everything that a tourist could 

ask for and adventure sport is a great attraction. The 

wide choice of adventure sports ranges from the 

daring to the exotic. These test your skill, toughness 

and endurance. Above all, they are exciting. 

You can choose your kind of adventure, from 

scaling the high peaks of the Himalayas, trekking to 

the Valley of Flowers, riding the waves in the rapids, 

or taking camel safaris in the Thar desert. There is 

trekking and mountaineering in the Himalayan region, 

river rafting and other water sports, camel and 

elephant safaris; bike tours, skiing, heli-skiing; hang 

gliding, sailing, tribal tours, orchid tours and many 

more opportunities for nature enthusiasts. Your 

search for the ultimate excitement can begin and end 

in India. 

Ladakh, the Garhwal hills, the Himachal hills, 

Darjeeling, Goa, Lakshadweep, Andaman and 

Nicobar, Jaisalmer and the wildlife reserves are the 

places to visit for adventure activities. 

The major trek road heads in the Indian Himalayan 

region include Kashmir valley, Kishtwar, Zanskar, 

Ladakh, Lahaul and Spiti, Chanba and Manali. 

Trekking in the Himalayas is quite enjoyable and has 

become comparatively easy with the development of 

lightweight equipment and clothing. There are 

difficult treks as well as easy treks, long and short 

treks to choose from. In Uttaranchal, the 16 km trek 

to Kedarnath is a must. 

India is getting serious about skiing, providing 

great slopes that pose exciting challenges. Auli, near 

Joshimath is adequately equipped for skiing. Its 

slopes provide excellent opportunities for cross 

country and downhill skiing. 

From July to mid-October, the trans-Himalayan 

jeep safaris, particularly the Manali-Leh stretch, are 

popular. From October to April, Rajasthan is the 

favored destination. Jeep safari tours are also 

available in the various wildlife sanctuaries in India. 

The highest motorable road in the world, the Leh- 

Nubra Valley route offers a splendid diversity of 

mountain scenery. The Manali-Leh road weaves in 

and out among the mighty snow-clad peaks of the 

western Himalayas, over a stretch of 485 km. The 

road is open from mid-July to mid-October. 

Golf tourism in India is picking up pace with the 

advent of new courses mushrooming all over the 

country. In Delhi the Classic Golf Resort designed by 

Jack Nicklaus, DLF Golf and Country Club designed 

by Arnold Palmer are some of the new additions to 

the older and famous Delhi Golf Club. 

Wildlife sanctuaries dot the country, each with its 

unique flora and fauna. In the north are Corbett, 

named after the British hunter-writer Jim Corbett; 

Dudhwa National Park, bordering Nepal, known for 

rhinos and elephants; Sariska National Park and 

Laying out cloth 

in sight of the 

Taj Mahal 



2007-02_12007.1.2407:7PM페이지48001채널맥(3443-0701) 


Bharatpur Bird Sanctuary, where migratory birds 

arrive in season, and Rnathambore known for its 

tigers. In central India, Kanha and Bandhavgarh 

showcase the tiger. In the west is the Cir Lion 

sanctuary. In the south are Bandipur, Nagarhole and 

Mudumalai, known for their elephants, and Periyar, a 

tiger and bird preserve. In the east, Kaziranga is 

known for its one-horned rhino. 

India offers unlimited possibilities to scuba diving 

enthusiasts. Given its vast, undulating coastline dotted 

with sandy beaches, two major group of islands, some 

of the most isolated, unexplored, exotic diving 

locations in the world and numerous island lakes. 

Equally exciting are the affordable prices at which the 

thrills can be obtained. The coral reefs, pristine blue 

lagoons of Lakshadweep and Andamans are the ideal 

location to go scuba diving in India. At present, scuba 

diving facilities exist at the Andaman Beach Resort. 

In Lacadives located at the Kadmat Island Resort is 

the only diving school of its kind for beginners. 

Hot-air ballooning over the Taj Mahal, Agra Fort, 

Fatehpur Sikri, Delhi, Himachal and Rajputana desert 

is offered by Wanderlust Travels, which organizes 

bungee jumping in Delhi and some other metro cities, 

too. Favorable thermal effects make the lower 

Himalayas ideal for hang-gliding and parasailing. 

Kangra holds an annual hang-gliding championship, 

with entrants from all over the world. 

The Himalayas include eight of the world’s 

fourteen highest mountain peaks, extending a 

magnificent sweep of 2,400 km along the northern 

boundary of India from Kashmir in the west to 

Darjeeling in the east. No mountaineering experience 

can match the excitement or the picturesque spell of 

the Himalayas. 

India cuisine: the magic 

of playing with spices 

Indian food might seem too exotic, with its 

unfamiliar and rarely translated names and apparently 

extravagant use of spices, but in terms of ingredients 

there’s little in Indian food you won’t find elsewhere: 

beans, tomatoes, potatoes, spinach, onion, garlic, 

ginger, and spices. 

The use of spices makes Indian food one of the 

most fragrant and exciting in the world. Many of 

these spices are used not just in cooking but also for 

the treatment of common ailments. When you first 

begin to try an Indian recipe, the number of spices 

used could be striking. Whether you are using 

indigenous spices like black pepper and cardamom or 

those introduced by traders and invaders like chili or 

fennel, each has been studied and cataloged by Indian 

cooks. The ancient medical science of Ayurveda, 

which professes a holistic approach to health, has 

documented spices which heat the body (cinnamon), 

some to cool (garlic), some as digestive (asafetida), 

and some as antiseptics (turmeric), and so on. Indian 

cooks are known intuitively to regulate their diets with 

spices for optimum health. 

If one looks at India’s history, one will see that the 

north has been invaded more compared to the south. 

The invasions by the Mughals and the Persians have 

contributed a great deal to the cuisine of the north. 

The tandoor (Open earthern clay oven), pulaos 

(fragrant and mildly spiced rice dish) and kebabs 

could be sighted as examples of Persian invasions; 

whereas, the biryani (spiced rice dish with chicken or 

meat) and the rich gravies are contributions of the 

Mughals. 

Culture and religion can be said to be the most 

determining factor that contributes to the diversity of 

the cuisine of India.. What is interesting to note is 

that everywhere in the country, all religions are 

followed. Christians consume all kinds of meat, 

Hindus do not eat beef, and Muslims do not eat pork. 

Buddhists and Jains are complete vegetarians. 

A basic Indian menu offers a variety of dishes that 

share a common foundation of herbs and spices. 

Dishes can range from the mild and creamy kormas, 

which are a blend of meats and/or vegetables in a 

cream-based sauce, to the spicy vindaloos, specialties 

of central and southwestern coastal India. Both are 

delicious when spooned over rice or bread. Standard 

dishes include flavorful vegetables, a variety of 

breads, legumes, seafood, lamb, poultry and aromatic 

soups. Many dishes are further enhanced with rich, 

smooth sauces and gravies made from coconut milk, 

spices and cream or yogurt. 

The northern region is also famous for its tandoori 

specialties. Tandoor is the name of an earthen oven 

that is half-buried and heated with charcoal from 

below. Marinated meats, chicken, fish and bread are 

cooked in this oven at extremely high temperatures. 

Juices are sealed, flavors enhanced, and the results are 

tender and tasty. 

A typical north Indian meal would consist of bread 

made with wheat flour, rice, lentils (dal), vegetables, 

curries, curd or raita, chutneys and pickles and 

papadums. The thali in the north is steel or a silver 

plate and also consists of small cups in which the 

accompaniments are served. Desert lovers can relish 

kheer, a basmati rice pudding served hot or cold, often 

with nuts. Gulab jamun is a traditional treat made of 

dry milk and semolina that is fried in small balls, then 

soaked in syrup and served warm or cold. Gajar ka 

halwa is a warm carrot-and-nut delicacy, and if ice 

cream is more your thing, try the creamy klufi in a 

variety of flavors. 

Indian cuisine has no recorded list of traditional 

recipes. The recipes just keep on passing on from one 

generation to the other in the respective kitchens. 

Hence, one can only say that, “Indian cuisine is all 

about the magic of playing with spices and masalas 

(spice blends).” 

Experience diversity 

India lies in South Asia, between Pakistan, China 

and Nepal. On its northern borders is the world’s 

highest mountain chain. The country’s 28 states hold 

virtually every kind of landscape from snow-capped 

mountains to deserts and palm-fringed beaches. 

Recognizable on any world map, India is the thick, 

roughly triangular peninsula defined by the Bay of 

Bengal to the east, the Arabian Sea to the west, and 

the Indian Ocean to the south. 

From its northernmost borders with China, this 

huge country extends a good 3,200 km (2,000 miles) 

to its southern tip, nearing the island nation of Sri 

Lanka, Nepal and the Himalayas, the world’s highest 

mountain chain, dominate India’s northern border. 

Following the mountain to the northeast, India’s 

borders narrow to a small channel that passes between 

Nepal, Tibet, Bangladesh and Bhutan, then spreads 

out again to meet Myanmar in an area called the 

‘eastern triangle’, or the Northeast. 



2007-02_12007.1.2407:7PM페이지50001채널맥(3443-0701) 


Cyberoam 

Chakraa Indian Restaurant 

Exclusive Distribution Deal Completed 

Culinary Support of IT Industry 

Korean company to be sole distributor of security appliance 

Authentic Indian cuisine delivers to your office 


Cyberoam 

Internet security 

appliance 

Cyberoam (www.cyberoam.com), the 

makers of an identity based Unified 

Threat Management (UTM) solution 

announced the formation of a strategic 

partnership with Mozensoft, a leading Korean 

Internet Security Company, on January 23, 

2007. As a result of this tie-up Mozensoft will 

now be the exclusive distributor of Cyberoam’s 

Integrated Internet Security Appliances in the 

Korean Market. 

According to recent government reports in 

Korea, a massive 62.8% of the country’s population 

is using the Internet today. With the population 

becoming net savvy, there is increasing 

threat of security breaches on the Internet, for 

both individual and corporate Internet users. By 

2010, it is estimated that the Internet security market in 

Korea will reach a whopping 815 billion with the security 

appliance sector contributing a major chunk in the 

growth. 

In such a market scenario, Cyberoam’s partnership 

with Mozensoft will open doors for a host of opportunities 

for both the companies. Commenting upon the 

tie-up with Mozensoft, Mr. Harish Chib, VP New 

Business Development, Cyberoam said: “Korea is a 

booming market with a need of quality Internet security 

appliances. Cyberoam is comprehensive and integrated, 

and we are sure of our success in the Korean 

market. Our partner Mozensoft is very reputed in the 

Korean market due to their extensive experience in the 

sales of Network Security Solutions and a very focused 

approach. They are the perfect match and we are looking 

at a fruitful relationship with a revenue expectation 

Mozensoft CEO Roh Chul-hee (right) enters into a special contract for 

the sole agency regarding Cyberoam UTM equipment with Mr. Harish 

Chib, vice president of Elitecore in the Empire Hotel, Hong Kong 

of up to US$1 million in the year 2007-2008.” 

Echoing the same feelings, Mr. Chul Ree Noh, CEO 

of Mozensoft, said: “The Internet security appliance 

market is booming in Korea and we needed a partner 

with the best products and experience in the industry. 

Cyberoam was the perfect choice for us since they have 

the most comprehensive product line-up to provide 

comprehensive security solutions for securing SMB 

networks.” 

Cyberoam today offers integrated Internet security 

solutions to over 1000 enterprises globally including 

educational institutions, corporations, and government 

organizations. Cyberoam is the Identity-based UTM 

that offers Integrated Internet Security with fine granularity 

through its unique identity-based policies. It 

offers comprehensive threat protection with firewall- 

VPN, IDP, anti-virus, anti-spam and content filtering 

in addition to enhanced productivity through bandwidth 

management and multi-link managers. 

Mozensoft, headquartered in Korea, started its operation 

in July 2005. Mozensoft is one of the leading 

providers of security solutions and has provided network 

security system and services customized upon 

customers’ requirements. Through its highly qualified 

technical support team it offers fast and optimized 

solutions to its customers. It deals with network security 

solution sales and mobile consulting services. 

If you’re looking for authentic Indian food in Seoul 

look no further than Chakraa Indian Restaurant. 

The food establishment has built a reputation in the 

Seoul metropolitan area as the best and most reliable 

source of true Indian cuisine. With locations in 

Haebangchon, Hannam-dong, Nonhyeon-dong, 

Songtan and Itaewon, it is easy to find tasty Indian dining 

anywhere you feel the need for vegetarian or nonvegetarian 

dining. 

The two presidents of the Chakraa restaurants are 

Prince Jacob and Shanthi, a husband and wife business 

team. Other members of the family play a major role 

in the business as well. They opened their first restaurant 

in 2001 in Haebangchon, and have opened one 

branch a year since that time. When asked about the 

business growth, Shanthi said: “Business is good. 

Indian food is becoming very popular.” 

The restaurant focuses on northern Indian and 

Tandoori cuisine, although the Hannamdong branch 

also serves food according to southern Indian tastes. 

Coming from a country with a large vegetarian population, 

the owners cater to vegetarians with a variety of 

meatless dishes. Shanthi revealed the focus of the 

restaurant by saying: “From the beginning we used to 

call our restaurant the real Indian kitchen. We maintain 

the authenticity of real Indian food.” 

And Chakraa takes the authenticity of its Indian 

dining experience seriously. The entire restaurant system 

of Chakraa is owned and operated by experienced 

Indian staff. Authentic Indian chefs are hired from 

their home country and are brought over to Korea. In 

addition, there are strict standards of quality and consistency 

enforced; insuring that the food in each branch 

has the same good flavor. Local Korean employees are 

also heavily involved in the restaurant in administrative 

and service roles. 

The restaurant also does a swift business in a desk 

lunch catering program. Prince Jacob said: “Before 

noon we do 100 to 150 desk lunches delivered to different 

locations in Seoul.” He clarified by saying: “We 

do most of the locations for the LG group and other 

companies where Indians are working. The large number 

of Indian IT workers in these companies have a 

great demand for authentic Indian cuisine.” Chakraa is 

more than happy to fill the need. 

Prince Jacob and Shanthi are no strangers to the IT 

industry. In India the two were involved in the IT sector 

before coming to South Korea. The two moved to 

South Korea following the growing number of Indian 

IT professionals who have lately begun to work for 

SK, LG, and Samsung. Prince Jacob feels that the 

Indian community is vibrant and growing along with 

the IT sector and engineering sector growth in the 

country. 

The company has solid plans for expansion. In the 

month of February they will open a new branch in the 

Suwon area, in order to serve the growing Indian presence 

in IT businesses south of Seoul. The company 

also plans to open up a branch in Daejeon next year. 

The couple has said that they feel Seoul has become 

their home. After six years learning the intricacies of 

foreign business and foreign bureaucracy, they have 

built a successful and delicious business which 

employs twenty staff from their home country, and 

locals have contributed much to the growth of the business. 

Prince Jacob had this to say on the subject: “As 

the traffic between India and Korea in the IT sector is 

growing stronger and stronger, we feel that we have 

taken a part in it, that we are going along with it.” 

For more information, or to order desk delivery, 

visit their web site at www.chakraa.co.kr. 

Chakraa offers 

authentic Indian 

cuisine 



2007-02_12007.1.2407:7PM페이지52001채널맥(3443-0701) 

Exhibition & Conference / CES 2007 

On the Scene Report at CES 

CES main gate - 

Samsung sign 

board 

Show Full of Surprises 

Korean products judged to be outstanding 

The 2007 Consumer Electronics Show (CES) 

Exhibition held at the beginning of January in 

Las Vegas attracted more than 100 Korean 

companies. Majors such as Samsung Electronics, 

LG Electronics demonstrated their digital technology 

capability as much as possible. 

In particular, some of the world’s most famous 

CEOs attracted the public gaze by publicly 

commending Korean products at firsthand. No less a 

personage than Microsoft chairman Bill Gates 

attracted attention by personally introducing 

products by Samsung Electronics as well as LG 

Electronics in a January 5 keynote address. 

He demonstrated the LG Electronics LRM-519 

DVD recorder, Reigncom’s iRiver H-10, and a 

Samsung Electronics digital music player. Mr. 

Gates said that if excellent software and equipment 

are combined, such products could add new 

dimensions to life and work. 

On the following day, Intel chairman Craig R. 

By Kim Joo-hyung 

Barrett described the company’s digital home 

strategy, citing LG Electronics’ state-of-the-art LCD 

TV which can operate anywhere in the home, 

through wireless connection to a PC, as a good 

example of technological innovation. 

This common theme of this year’s event by far 

and away was convergence, with demonstrations of 

computers, telecommunications, and household 

electronics products operating on an integrated basis. 

Flat TVs took center stage among the suite of 

digital household electronics products offered by 

Korean firms. Internal Protocol TV (IPTV) a key 

elements in next-generation home-network 

technology, Mobile DVRs, voice-filtering digital 

TV, and hyper-slim DVD recorders were just a few 

of the outstanding systems and products on display. 

Other big crowd-gathers reflecting the latest in 

Korean technology at the CES were ground-wave 

DMB receivers, phones and satellite DMB phones, 

megapixel EV-DV phones, 3G WCDMA terminals, 

Bluetooth phones, and 3D game phones. 

Dedication to providing 

quality air, water 

In step with well-being trends across home 

electric appliances at large, Korea’s Enpu tech 

garnered attention from the buyers at Las Vegas’ 

CES. The company’s dedication to providing quality 

air and water for all needs attracted attention through 

the exceptional technologies of ultraviolet (UV) 

light, photocatalytics, and Nano Silver. 

In a nutshell, Enpu tech’s goal was stated as to 

enhance the quality of life by providing superior 

products, excellent recommendations and 

dependable service for all of residential air and water 

needs, CEO and President Lee Hwa-yong of Enpu 

tech explained through an on-the-scene interview 

with The Korea IT Times here in Las Vegas CES. 

Concerning Enpu tech’s products such as 

PureLight UV Sterilizer, Portable Anion Air Purifier 

Air-Pol, and new concept’s air sterilizer MediCare, 

Lee commented: “The UV light utilized in our 

products can kill any DNA based microorganism 

given enough time and intensity. VOC, Nox, and 

Sox are decontaminated by UV and Photocatalytics.” 

Especially, it was said that Enpu tech’s Portable 

Anion Air Purifier Air-Pol promotes the circulation 

of blood, according to Lee. 

Accordingly, Air-Pol is good for nurses and white 

collar workers serving in the office a long time. 

In connection with the company’s goal in the 

months to come, the CEO said: “To secure a stable 

sales right is a preferential goal.” He added that Enpu 

tech aimed to gain the largest sales in the North 

American area this year by means of 5 overseas 

exhibitions participation in Atlanta, Chicago, and 

other cities. 

As part of such strategies, Enpu tech plans to play 

a distributor role firsthand by constructing its direct 

sales network including shopping mall in North 

American region. 

CEO Lee, who stressed that the well-being trend 

is conspicuous at this year’s CES, said that Enpu 

tech will go ahead to mass produce an automatic 

vegetable fruit washer soon. 

Focusing blue ocean strategy 

on customer needs 

LG Electronics also attracted attention from 

world buyers with the company’s strategy to focus 

on the needs of customers. It quite successfully 

captured 11 CES Innovations Awards in Las Vegas 

this year. 

Vice President Cho Young-kun, IT marketing of 

LG Electronics said on the scene in Las Vegas, in an 

interview with The Korea IT Times: “In addition to 

such a strategy to focus on the needs of customer, 

technological back-up enabled us to receive 11 CES 

2007 Innovations Awards.” 

Cho named the Super Multi Blue Player, SMB 

Player as a representative LG product through which 

LG Electronics launched the world’s first dualformat 

high-definition disk player, capable of 

playing both Blu-Ray Discs and HD DVD content. 

In comparison to Samsung Electronics, LG 

Electronics attached importance to what was the tool 

to be able to provide end users with value, Cho 

emphasizes. 

The Vice President revealed additional parts of 

the SMB lineup. He also said: “LG Electronics 

strives to launch good products that end users can 

utilize at a price level that is not a heavy burden.” 

He went on to explain that it was important to 

pioneer a Blue Ocean market with premium products 

geared to the needs of the customer. 

Provided companies cannot create products which 

are geared to the needs of end users, Korean products 

will lose their cutting-edge to China or other foreign 

competitors, Cho cautioned. 

Korea dominates award ceremony 

The first day included the announcement of the 

International CES Innovations 2007 Design and 

Engineering Showcase Awards. A prominent name 

among them was Samsung Electronics, which 

succeeded in winning 12 awards. These awards 

were for three hand held cellular phones, two Plasma 

HDTVs, two digital audio players, two Home 

Theater-in-a-Box systems, a multifunction color 

laser printer, an ultra-Mobile PC, and a cutting edge 

washing machine. All of Samsung’s Innovations 

Awards-winning products were on display in the 

Samsung booth in the Central Hall of the Las Vegas 

Convention Center, as well as in the Innovations 

Brainic’s SPIDER, 

world’s first media 

system of 

decomposing 

music 



2007-02_12007.1.2407:8PM페이지54001채널맥(3443-0701) 


/ CES 2007 

Microsoft Chairman 

Bill Gates talks to 

Choi Gee-sung, then 

president of 

Samsung 

Electronics Digital 

Media Division who 

came to supervise 

telecommunication 

Pavilion. 

“Samsung strives to consistently blaze a trail, to 

lead the Consumer Electronics industry in product 

design and engineering innovation. Therefore, we 

are extremely pleased and proud that 12 of our pillar 

products for 2007, in a variety of categories, have 

been recognized by the esteemed CEA judges,” said 

Yun Jong-Yong, vice chairman and CEO of 

Samsung Electronics. “These prestigious awards 

reinforce Samsung’s ongoing efforts to bring to 

market the most groundbreaking technologies and 

products that enrich the lives of our customers.” 

LG Electronics also shone bright at the Show. It 

unveiled a player and PC drive that support both the 

Blu-ray Disc and HD-DVD formats. 

The two products, which carry the “Super Multi 

Blue” brand, will be first available to consumers in 

the US and went on sale from the first week of 

February. It is hoped it would help kick-start the 

high-definition movie disc market. 

LG developed the player to end confusion in the 

market caused by the battling formats. 

“The growth of this exciting new technology and 

industry is slower than it could be,” said H.G. Lee, 

president of LG Electronics, during a news 

conference at CES in Las Vegas on Sunday. He 

believed that both standards are here to stay. 

The player supports all interactive features on 

Blu-ray Discs as well as common DVDs. The player 

supports “most, but not all” of the features on HD 

DVD discs, Lee said. It also will not play CDs. 

The launch of the dual-format products wasn’t a 

total surprise. LG said last year it was considering 

such a device and last week said it would show a 

dual-format player at CES. However the 

announcement likely came late enough to throw the 

promotion plans of HD-DVD and Blu-ray Disc 

hardware makers into the air. 

Conspicuous diverse products 

embodied connectivity 

Korea’s Samsung Electronics also consolidated 

Samsung’s place as an iconic brand to usher in the 

world’s digital media market. It showcased cuttingedge 

products that illustrate true differentiated 

competitiveness, such as the Full HD LCD TV 

which is targeted for the world market in 2007. Its 

technology and design stood out in this year’s CES, 

the 40th CES. 

The company was assessed to forestall the world 

market according to experts in Las Vegas. Senior 

Manager Park Cheon-ho of the overseas 

telecommunications PR team of Samsung 

Electronics commented: “Samsung concentrates 

much of its capacity on market surveys. A host of 

CES innovation awards are the outcomes of such 

efforts. Samsung Electronics works to meet 

customer needs in additional to technological 

applications.” 

With the goal of continuing as the world’s 

number one TV producer, Samsung Electronics 

unveiled its super high resolution TV and strategic 

TV products such as its Full HD LCD and PDP TVs 

to the public. 

By demonstrating the super high resolution 

screen, the company allowed visitors to be able to 

experience the super high resolution era indirectly. 

In conjunction with Samsung’s trial, Park said: “The 

trends of home electric appliances at this year’s CES 

shows that associated companies are steadily 

improving resolutions so that color tone may be 

closer to natural color. Also, diverse connectivityembodied 

products are conspicuous.” 

Regarding China ETW’s low price brand in the 

world market, the Senior Manager rebuffed this idea 

by saying: “Samsung doesn’t dive into low-price 

competition, but seeks a Blue Ocean strategy to 

satisfy customer needs.” 

By means of the company’s strategy to embody 

potential customer needs, this year will be the year 

for customers to be able to widen their selection, he 

said, referring to Samsung Electronics’ future new 

product launching plan. 

Product development 

and marketing to move organically 

Several notable figures in the Korean IT industry 

spoke during the CES 2007. Among them, Eugene 

Jun, president of the Incheon Information 

Technology Industry Promotion Agency, had several 

statements to give at the CES 2007. Among them, 

he said: “Only by increasing market share in 

1 

3 

overseas markets through exports can Incheon IT 

companies survive the current impasse. In that 

context, it deserves attention that Namjoo Tech 

finalized an export contract worth US$7 million at 

last year’s CES. 

“I believe that to get results, it is enormously 

important to continuously participate in this 

exhibition. Multimedia monitor and fusion products 

are the talk of the Show including Samsung 

Electronics’ new Blue-ray products.” 

Professor Kim Jae-moung, director of the 

Graduate School of Information Technology and 

Telecommunications, Inha University, also spent 

some time with the Korea IT Times. He noted: 

“Personally, I think it is regrettable that Korea prides 

itself on its position as an IT front runner in the 

world. Chiniese and Taiwanese IT companies 

caught up with Korea. Thus, they are right now on a 

par with us. Since domestic companies are suffering 

4 

difficulties from marketing though they have the 

technology, we hoped the government or KOTRA 

would support us with overseas marketing. In the 

coming months, I anticipate convergence technology 

that unites broadcasting and communication will 

become even more conspicuous.” 

Finally Oh Sung-keun, general director, KOTRA 

LA Korea Trade Center, had this to say regarding 

current marketing abilities in Korean companies: 

“What is inadequate in this current situation is that 

small and medium-sized domestic companies lack 

marketing ability though they have strong 

technology. On the other hand, there are not any 

countries that support overseas marketing like Korea. 

Korea has such programs in the Incheon Information 

Technology Industry Promotion Agency, MIC, 

MOCIE, Kyeonggi Province, Incheon City, 

Seongnam City and more.” 

2 

1) Samsung 

Electronics 

demonstrates 

WiBro jointly with 

Sprint 

2) Samsung 

Electronics booth 

at the CES 

opening day 

3) LG booth, which 

shows Blue Ray 

Disc & HD DVD 

4) Soongsil 

University 

students at CES 



2007-02_12007.1.2407:8PM페이지56001채널맥(3443-0701) 


/ CES 2007 

On the Scene Report at CES / KAIT 

IT Trends Towards 

New Convergence Product 


To hear about this year’s CES trends, 

The Korea IT Times held a round table 

talk on the scene at Las Vegas CES -- Ed. 

Round Table Talk 

Governmental Marketing Support Needed 

Product development and marketing to move organically 

If the year 2006’s Consumer Electronics 

Show (CES) trend was Globalization and 

Convergence, the IT business circle’s new 

trend this year will be Creative Challenge and 

Innovation. Since the year 1998, the Korea 

Association of Information and 

Telecommunication (KAIT,www.kait.or.kr) has 

been supporting Korea’s small and mediumsized 

IT companies’ CES participation over the 

past 10 years. Korea’s IT business circle also 

will engage the world’s attention by holding a 

similar worldwide exhibition ‘Korea IT Show’ 

like CES to be held at COEX Seoul on the 

forthcoming April. In conjunction with this, 

The Korea IT Times met president Lee Kyoyong, 

KAIT who was on hand at Las Vegas 

CES, to hear about the significance of Korea IT 

Show, Korea IT business circle’s outlook this year, KAIT’s 

marketing support plan including this year CES trend analysis. 

A question and answer interview with him follows. 

Q: First of all, what is the significance of the Korea IT 

Show which will be held at COEX Seoul on April? 

A: As everybody knows, Korea is a worldwide IT power 

among the Organization for Economic Cooperation and 

Development (OECD) countries too. Nevertheless, there has not 

been any global exhibition to be able to draw the world’s IT 

corporations and buyers in Korea. Provided CES is a worldwide 

exhibition to represent the USA, the Korea IT Show to be held at 

COEX Seoul this forthcoming April will serve as a global 

exhibition that represents Korea. As an exhibition, which 

integrated established IT exhibitions, well-known foreign IT 

corporations will come to take part in this Korea IT Show in the 

coming years. Furthermore, small and medium-sized IT 

companies at home which can’t afford to go to foreign country, 

will be able to get an opportunity to contact with foreign buyers 

through this exhibition. 

Q: How do you forecast on the outlook of Korean IT 

business circle this year? 

A: Due to domestic market contraction and exchange rate 

decline, our country’s comprehensive business circle was 

Korea IT Show to draw the world’s buyers 

Lee Kyo-yong, president of KAIT 

difficult last year. Among such difficulties too, 

the IT business circle is managing to play a 

tractor role. The IT business circle gained 

export outcome worth 230 trillion won 

(US$256 billion) last year and this year’s IT 

business circle export is expected to be roughly 

246 trillion won (US$262 billion). On 

December of last year, Korea celebrated its 

brilliant achievement of US$300 billion in 

exports, to the back of which IT companies 

contributed US$110 billion, approximately 

35%. Now that Korea’s entire growth rate is 

anticipated to be about 4.5% this year, the IT 

business circle is expected to post 6~7%, I 

believe that IT business circle will give hope 

and encouragement to the nation. 

Q: How will KAIT unfold marketing support about IT 

companies this year? 

A: Since its establishment, KAIT greets its 20th Anniversary 

this year. So we plan to renew vision, goal, and business contents. 

Starting from CES, we are planning diverse events 

throughout the year to come nearer to the IT companies, our 

client. 

Larger corporations are able to take part in oversea 

exhibitions for themselves, but it is true that small and mediumsized 

companies contain difficulties in pioneering sales route, 

constructing circulation network, and contacting with foreign 

corporations. 

For the purpose of helping small and medium-sized 

companies make inroads into foreign country, KAIT is 

supporting an IT Collaboration Corps. Through KAIT’s good 

offices, our small and medium-sized companies come to be able 

to do 1 to 1 business meeting with counterparts of foreign 

country as a win-win strategy. 

Q: We understand that KAIT greets its 20th 

Anniversary this year. 

A: On the occasion of KAIT’s 20th Anniversary, our 

Association plans to commit itself to actualize high dimension’s 

customer satisfaction through customer needs’ convergence and 

solution, all capacity’s on-the-scene concentration and thorough 

Eugene Jun, president of the 

Incheon Information Technology 

Industry Promotion Agency: 

From Korea’s Incheon, eight local 

companies are taking part in this year’s 

CES for the consecutive third year thanks 

to whole-hearted support of LA KOTRA. 

Only by increasing market share in 

overseas markets through exports can 

Incheon IT companies survive the current 

impasse. In that context, it deserves 

attention that Namjoo Tech finalized an 

export contract worth US$7 million at last 

year’s CES. 

I believe that to get results, it is enormously 

important to continuously participate 

in this exhibition. Multimedia monitor 

and fusion products are the talk of the 

Show including Samsung Electronics’ 

new Blue-ray products. 

Incheon area’s IT companies possess 

crack products and potentially lucrative 

technology, but because the greater part 

of their products are not growing past a 

poor subcontract level with larger corporations, 

they are reaching the boundary of 

turnover. 

Professor Kim Jae-moung, dean 

of the Graduate School of 

Information Technology and Telecommunications, 

Inha University: 

Personally, I think it is regrettable that 

Korea prides itself on its position as an IT 

responsibility consciousness inspiration, organization passion 

inspiration through on-the-scene participation, and to prepare 

affairs innovation practice base. 

Q: What can you assess about Korean companies’ CES 

participation this year? 

A: In terms of both its scale and quality, Korea was not 

behind another countries as an IT power. Peculiar Korean small 

Eugene Jun, president of the Incheon Information Technology Industry Promotion 

Agency (right) supervises a round table talk 

front runner in the world. 

Chinese and Taiwanese IT companies 

caught up with Korea. Thus, they are 

right now on a par with us. Since 

domestic companies are suffering 

difficulties from marketing though they 

have the technology, we hoped the 

government or KOTRA would support us 

with overseas marketing. 

In the coming months, I anticipate 

convergence technology that unites 

broadcasting and communication will 

become even more conspicuous. 

Governmental support is demanded so 

that small and medium-sized companies 

-- and even larger companies -- can rise 

simultaneously. 

Oh Sung-keun, general director, 

KOTRA LA Korea Trade Center: 

CES celebrates its 40th anniversary 

this year. Seventy-seven of Korea’s companies 

are showcasing their products in a 

total of 100 booths. 

What is inadequate in this current situation 

is that small and medium-sized 

domestic companies lack marketing ability 

though they have strong technology. 

On the other hand, there are not any 

countries that support overseas marketing 

like Korea. Korea has such programs in 

the Incheon Information Technology 

Industry Promotion Agency, MIC, 

MOCIE, Kyeonggi Province, Incheon 

City, Seongnam City and more. 

China and Taiwan will catch up with 

us quickly. Korea can’t win if we continue 

to naively think our IT level is ahead of 

theirs. In order to succeed, product development 

and marketing must move organically. 

In that regard, CES is a good 

opportunity for Korean small and medium-sized 

companies to grow. 

and medium-sized IT companies garnered interest from the 

buyers, for instance a Network computer terminal of e- 

Computing (www.nComputing.co.kr) and the Self Location 

Recognition System, to name just a few. In a nutshell, the 

world’s IT business circle trend this year seems to change from 

previous fragmentary or individual electric home appliances to 

new Convergence product, which tailors to the times. 



2007-02_12007.1.2407:8PM페이지58001채널맥(3443-0701) 


/ Samsung Electronics 

LG Electronics 

On the Scene Report at CES 

In Pursuit of Blue Ocean Strategy 

LG Focusing Strategy on Customer Needs 


Conspicuous diverse products embody connectivity 

Pursuing Blue Ocean market for global competitiveness 

On January 7, the day before the opening of 

CES 2007, which was held in Las Vegas, 

USA, Lee Jae-yong, vice president of 

Samsung Electronics, who is the first-born son of Lee 

Kun-hee, chairman of Samsung Group, made a 

appearance at the gathering with the reporters at the 

Balihai Resort in Las Vegas. He said at the gathering: 

“This year carries significance in the sense that 

Samsung Electronics will strive to build momentum 

for higher growth and that I will do my best to 

accumulate diverse business experience.” He also has 

requested more encouragement and support from the 

reporters present. 

Samsung Digital LCD TV 

Lee Jae-yong, 

vice president of 

Samsung Electronics 

Korea’s Samsung Electronics is consolidating its 

place as an iconic brand to usher in the world’s digital 

media market. It is showcasing cutting-edge products 

that illustrate true differentiated competitiveness, such 

as the Full HD LCD TV which is targeted for the 

world market in 2007. Its technology and design stood 

out in this year’s CES, the 40th CES. 

The trends of home electronic appliances 

this year 

The company is assessed to forestall the world 

market according to experts here in Las Vegas. Senior 

Manager Park Cheon-ho of the overeseas 

telecommunications PR team of Samsung Electronics 

commented: “Samsung concentrates much of its capacity on 

market surveys. A host of CES innovation awards are the 

outcomes of such efforts. Samsung Electronics works to meet 

customer needs in additional to technological applications.” 

With the goal of continuing as the world’s number one TV 

producer, Samsung Electronics unveiled its super high resolution 

TV and strategic TV products such as its Full HD LCD and PDP 

TVs to the public. 

By demonstrating the super high resolution screen, the 

company allowed visitors to be able to experience the super high 

resolution era indirectly. In conjunction with Samsung’s trial, 

Park said: “The trends of home electronic appliances at this 

year’s CES shows that associated companies are steadily 

improving resolutions so that color tone may be closer to natural 

color. Also, diverse connectivity-embodied products are 

conspicuous.” 

Regarding China ETW’s low price brand in the world market, 

the Senior Manager rebuffed this idea by saying: “Samsung 

doesn’t dive into low-price competition, but seeks a Blue Ocean 

strategy to satisfy customer needs.” 

By means of the company’s strategy to embody potential 

customer needs, this year will be the year for customers to be 

able to widen their selection, he said, referring to Samsung 

Electronics’ future new product launching plan. 

During the gathering with reporters at the 

Consumer Electronics Show 2007 (CES 2007) 

Nam Yong, vice chairman and CEO of LG 

Electronics, declared his ambitious vision to become 

one of the World’s Top 3 electronics companies before 

2010. To this end, LG Electronics aims to attain its 

sales target of US$43 billion for 2007 while investing 

US$3.33 billion for R&D and facility expansion. 

While putting priority on the R&D investment in the 

main products such as mobile phones and LCD TV, it 

will simultaneously continue to invest in new 

businesses including information systems for cars, 

system air conditioners, and home networks. In order 

to attain its goal, LG Electronics plans to increase the sale of 

mobile phones to 78 million units, a 20% increase over the 

previous year, aiming to sell 8 million units of LCD TVs and 2.5 

million units of PDP TVs. The sales target for North America 

stands at US$10 billion, a 10% increase over the year of 2006. 

Drastic measures to be taken 

for global competitiveness 

Vice Chairman Nam said in the meeting with reporters that in 

order to achieve the vision the first important task to be done is 

the innovative management of human ability and the efficiency 

improvement of supply chain management (SCM). He also 

added: “A little more time is needed for a thorough review of the 

current situation of each business division. After this review, 

from the aspect of global competitiveness, we will make 

judgment on which part is competent or which part is left 

behind. And then we will take drastic measures in order to 

strengthen competitiveness.” 

World buyer attention 

LG Electronics is attracting attention from world buyers with 

the company’s strategy to focus on the needs of customers. It 

has quite successfully captured 11 CES Innovations Awards in 

Las Vegas this year. 

Vice President Cho Young-kun, IT marketing of LG 

Electronics, said on the scene in Las Vegas, an interview with 

The Korea IT Times: “In addition to such a strategy to focus on 

the needs of customer, technological back-up enabled us to 

receive 11 CES 2007 Innovations Awards.” 

Nam Yong, 

vice chairman and 

CEO of LG Electronics 

Cho named the Super Multi Blue Player, SMB 

Player as a representative LG product through which 

LG Electronics launched the world’s first dual-format 

high-definition disk player, capable of playing both 

Blu-Ray Discs and HD DVD content. 

In comparison to Samsung Electronics, LG 

Electronics attaches importance to what is the tool to 

be able to provide end users with value, Cho emphasizes. 

The Vice President revealed additional parts of the 

SMB lineup. He also said: “LG Electronics strives to 

launch good products that end users can utilize at a 

price level that is not a heavy burden.” He went on to 

explain that it is important to pioneer a Blue Ocean market with 

premium products geared to the needs of the customer. 

Blu-ray Disc & HD DVD 



2007-02_12007.1.2407:8PM페이지60001채널맥(3443-0701) 


/ CeBIT 2007 

G3G Forum 

Number One Conference Grows Bigger 

Mobile Leaders Converged in Japan 


Mecca of consumer electronics draws more crowds 


Mobile technology leaders meet, discuss future trends 


Several new developments regarding 

the CeBIT conference are interesting future 

exhibitors and participants alike. The 

conference takes place on 15 March at the 

Hannover Exhibition Grounds in Germany. 

Some 30 ministers from all the EU 

member states are expected to attend. 

So it follows that a summit meeting of 

ministers for information and 

telecommunications technology in the EU 

member states is taking place for the first 

time next year at the trade show. As 

Germany assumes the presidency of the 

EU, the Federal German government, in 

the person of Federal Minister of 

Economic Affairs Michael Glos, has 

invited the European ICT ministers to an 

informal EU conference in Hannover. 

Lower Saxony’s Premier Christian 

Wulff and his Minister for Economic 

Affairs Walter Hirche welcome this 

initiative: “We are delighted that this highprofile 

event is taking place in the capital 

city of Lower Saxony. It would be hard to 

think of a more appropriate venue than 

CeBIT in Hannover - after all, this is 

where the cream of the ICT industry 

worldwide meets every year to set the 

agenda for the future.” 

Showing the way 

to greater office productivity 

Faced with growing competition, 

managers are increasingly looking for 

opportunities to optimize efficiency in the 

company while also enhancing customer 

service. The key to this is more 

streamlined processes and faster access to 

information. Both are achieved by using 

electronic document management systems 

(DMS), which simplify management and 

processing of documents and find and 

display the required information fast. 

The DMS Forum at CeBIT 2007, 

organized by the Verband Organisations -- 

und Informationssysteme e. V., Bonn 

(Association for Organization and 

Information Systems -- VOI) and Deutsche 

Messe, provides information on how 

companies can significantly improve 

document-based processes and thus 

considerably boost the efficiency of their 

CeBIT will be held in Hannover, Germany 

on March 15 to 21, 2007 

employees while also offering enhanced 

customer service and meeting legal 

obligations. 

CeBIT will present 

a new generation of TVs 

At CeBIT the big-name manufacturers 

will be taking the wraps off HDTV screens 

with a resolution of 1,920 x 1,080 pixels. 

These high-tech devices will be augmented 

by the first HDTV-capable recorders. 

Industry watchers are convinced that 

HDTV will receive a further boost when 

the public-service stations commence highdefinition 

broadcasting. According to a 

spokesman of Germany’s public channel 

ZDF, this will coincide with the 2008 

Olympic Games in Beijing. A further 

highlight at CeBIT 2007 will be the 

presentation of the first market-ready 

products based on SED technology, which 

is short for Surface Construction Electron 

Emitter Display. SED claims to unite the 

advantages of cathode ray tubes and LCD 

displays. 

High-tech future: terabyte DVDs 

and Web 3.0 

While Blu-ray and HD-DVD are still 

jockeying for position in the marketplace, 

the next-generation storage medium is 

already on the drawing board. The most 

promising technology is Holographic 

Versatile Disc (HVD). This will offer a 

capacity of up to 1 terabyte (1,024 

gigabytes), which is two hundred times 

more than today’s DVDs. In terms of 

appearance, the HVD will differ only 

marginally from its predecessors. 

The Internet continues to develop at a 

breathtaking pace. Under the heading Web 

2.0, the Internet now boasts a growing 

spectrum of community platforms such as 

YouTube, Flickr and myspace.com. 

During his time at the European atomic 

research organization CERN Sir Tim 

Berners-Lee helped to lay the foundations 

for today’s World Wide Web. He has now 

mapped out a bold new vision codenamed 

Web 3.0: ‘Soon there will be more webcapable 

mobile phones than desktop 

computers,’ he said in a recent interview 

with Wirtschaftswoche. ‘Just imagine, you 

arrive home in the evening and your 

mobile automatically switches on the light 

next to your favorite armchair and your 

digital video recorder is already recording 

the film you selected on your laptop in the 

office. This form of communication and 

the automatic exchange of information will 

have a radical impact on the way we live,’ 

Berners-Lee is convinced. 

CeBIT 2007 will center on these 

exciting developments - and many others 

besides. 

The Global 3G Evolution Forum 

(G3G Forum) was held in Tokyo on 

January 22 to 25. The Forum was 

hosted by the Hotel New Otani Makuhari 

in downtown Tokyo, and was coordinated 

by marcus evans conferences. The G3G 

Forum gathered together the world’s 

leading 3G pioneers, strategists and 

regulators to showcase the future of 

third and fourth generation 

technologies and services. 

Almost all aspects of the communications 

and IT industry were targeted. 

The conference invited notable 

mobile and fixed carriers to attend. 

GSM, 3G, VoIP, cable, broadband, 

and multi-play operators sent delegates. 

Terminal and network infrastructure 

providers, payment and security system 

providers, and even industry venture capitalists 

met together at this conference. 

Representatives gave talks and presentations 

from companies such as NTT 

DoCoMo of Japan, KPN of the 

Netherlands, Vibo Telecom, KTF of Korea, 

Telkom Caribe, China Mobile Peoples 

Telephones, AOL Wireless, Irdeto, Starhub 

of Singapore, Turkcell of Turkey, Telstra, 

Eurotechnology, Verizon Labs, Hinet 

Global, T-Mobile Austria, the Emirates 

Data Clearing House, NanoRadio, 

Personeta and City Telecom from Hong 

Kong. 

In a welcome letter to the attendees of 

the conference, Prudence Kolong, Senior 

Producer of marcus evans, said: “Over the 

past five years the annual marcus evans 3G 

Mobile World Forum series has explored, 

from a mobile operator’s view, what 

services will provide the most value to the 

user, and also the technical issues that need 

be considered to ensure the success of their 

3G and forthcoming 4G strategies.” 

The conference had a full schedule 

beginning at 9am every morning. Each 

day was dedicated to one theme. Monday 

focused on in-depth reviews of specific 

technologies or processes complete with 

tutorials along the theme Entertaining an 

Idea of Excellence. Tuesday had the 

theme of Defining Winning Strategies and 

Creating New Leadership Ideas, and 

included keynote addresses by over a 

dozen industry leaders from as many 

companies. Wednesday focused on new, 

emerging, complementary, or competitive 

standards and technologies under the 

banner of Striving for Speed. Empowering 

High Growth Regions and Emerging 

Countries was the theme of Thursday, 

which gave the floor to new participants in 

the 3G revolution marketplace. 

On Tuesday, most notably, Dr. Kim 

Yeon-hak, executive vice president and 

CSO of KTF, gave a presentation entitled 

Service Adoption Challenges - the 

Consumer Market: Survival of the Fittest. 

The presentation focused on how to 

maintain strong 3G leadership in South 

Korea and how to position KTF for 

upcoming next generation services. Dr. 

Kim went on to explain KTF’s plan for 

creating millions of 3G communities by 

delivering personalized and sophisticated 

services in order to increase the 

average revenue per user. 

Also notable on Tuesday, Doug 

Lowther, global vice president of 

marketing for Irdeto, spoke about 

Securing the Delivery of Digital 

Content. He covered the topics of 

choosing reliable methodologies and 

patterns for optimal rendition of digital 

content and providing tailor-made 

solutions for successful delivery of 

multimedia services over mobile phones. 

Dr. Yee-Shyi Chang, executive board 

director of Vibo Telecom, also spoke on 

“The G3G Forum gathered together the world’s 

leading 3G pioneers, strategists and regulators to 

showcase the future of third and fourth generation 

technologies and services.” 

Tuesday about service diffusion and 

innovation in mobile technology. Another 

speaker was Tony de Ruvo, director of 

product marketing at Tegic 

Communications, who spoke about the 

opportunities of advnced mobile search 

engines designed for mobile phones by 

AOL Wireless. 



2007-02_12007.1.2407:8PM페이지62001채널맥(3443-0701) 

Sports / 2014 PyeongChang Bid for Olympic Winter Games 

Inviting Olympic Winter Games 

to PyeongChang 

PyeongChang Alpensia Ski-jump main stadium 

Creating a ubiquitous Olympics 

Korea’s PyeongChang is a candidate 

city for bidding the 2014 Olympic 

Winter Games. The International 

Olympic committee will conduct an actual 

inspection of the city on February 14 of 

this year. The city plans to crank in its 

ambitious and energetic bidding campaign 

again through the 2007 Dream Program in 

which 143 persons from 33 countries will 

take part with a two weeks schedule of 

February 4 to 16 of this year. 

The Dream Program is a program to 

nurture the future’s world winter sportsman, 

presented as part of commitments that 

PyeongChang pledged IOC to carry out in 

the process of bidding the 2010 Winter 

Olympics. 

In a nutshell, this Dream Program is a 

program to contribute to the Olympic 

movement, referred to as the harmony of 

mankind and peace fostering ultimately 

through sports. It is intended to provide the 

younger generation, whose country’s winter 

sports didn’t develop, with winter sports 

experience and systematic training. At the 

same time it prepares to widen the understanding 

of future generations through culture 

exchange and friendship. 

From 2004 till last 

year, 328 persons from 78 

countries all over the 

world took part in this 

Dream Program, organized 

by PyeongChang, 

Gangwon Province, 

Republic of Korea which 

is emerging as a worldwide 

winter sports hub. 

Alpine Skiing and 

snowboard will be trained 

in PyeongChang’s 

YongPyong Ski Resort. 

Figure, short track and 

speed skating are training at Gangreung 

Ice-Skating Rink respectively, according to 

the Secretariat of the 2014 PyeongChang 

Olympic Winter Games Bid Committee. 

Noteworthy IT technology 

application 

The 2014 PyeongChang Olympic 

Winter Games is worth noticing in that it, 

above all, is expected to acquaint citizens 

Han Seung-soo, chairman of the 

2014 PyeongChang Olympic 

Winter Games Bid Committee 

By Yeo Hong-il 

of the world with Korea’s 

phase as a front runner in 

IT technology, open market 

environment in 

telecommunications market, 

world leading mobile 

network, flawless 

telecommunications infrastructure 

and more. 

By means of such IT 

technology, the upcoming 

2014 PyeongChang 

Olympic Winter Games 

will provide participating 

players and visitors with 

additional mobile base 

stations to meet the 

Games’ demand. The latest technology 

such as HSDPA and WiBro will be available 

for the Games and duplex connection 

by all telecoms networks for stable service 

with additional satellite service plus variety 

of fixed and wireless services. 

In special measure, it is said that the 

2014 PyeongChang Olympic Winter 

Games Bid Committee is preparing to 

actualize a Ubiquitous Olympics for the 

first time in the world through which 

Olympic families can give and receive 

diverse Olympic information to each 

other including game operations whenever 

and wherever by utilizing the best IT 

technology in the world. 

Yet the most important thing for 

PyeongChang in publicizing its bidding 

outward activities is that the 2014 

PyeongChang Olympic Winter Games 

will contribute to spreading Winter 

Sports in Asia. Furthermore it is possible 

to hold a festival of peace and harmony 

in which North and South Korea take part 

together in Gangwon Province, symbol of 

division as well as the only divided 

province in the world. 

This will become the most splendid 

example to be able to acquaint all over the 

world with Olympism’s symbol OIC pursues. 

Overwhelming support 

at all levels of the government 

Overwhelming support at all levels of 

the Korean government is likely to be a 

powerful reinforcement for Gangwon 

PyeongChang in a race till the hosting 

venue decision on the forthcoming July 4, 

this year in Guatemala. 

Actually, the national government has 

formed the Government Support 

Committee for PyeongChang 2014 as its 

Number One Agenda. Plus, the guarantee 

of related infrastructure and venue construction 

costs worth a total of US$1.7 billion 

as well as its formation of National 

Assembly Special Committee for 

PyeongChang 2014 and Guarantee of 

Special Act enactment. 

Gangwon Province also is throwing 

US$1.3 billion to construct the Alpensia 

Resort plus the formation of a Gangwon 

Provincial Council Special Committee for 

PyeongChang 2014 and Public Services 

Support Group as well as its guarantee of 

Regional Roads and Venue construction 

costs worth a total of US$630 million. 

Of people surveyed, 91.6% nationally, 

97.3% in Gangwon Province, and 96% in 

PyeongChang are sending unanimous public 

support about the 2014 PyeongChang 

Olympic Winter Games. Besides, full support 

from all political parties and organizations 

as well as full support and participation 

by all NGOs including environmental 

groups are worthy of notice. 

Sports/Pyeongchang Olympic Winter Games 

Chairman Lee to Makes Effort to Induce 

PyeongChang Olympic Winter Games for 2014 

Opportunities to enter 

into the Asian market 

As is generally known, PyeongChang 

shows athlete-centered, and competitioncentered 

optimal competition conditions in 

terms of sports and venues. 

Specially all competition venues are 

located within 30 minutes from Olympic 

Villages, showing compact venue locations 

centered on two clusters, that is, 

PyeongChang Cluster: Seven snow competition 

venues and Olympic village, and 

Gangneung Cluster: Five Ice competition 

venues and Olympic villages. Ninety percent 

of athletes are able to arrive at venues 

from the Olympic villages within 10 minutes. 

In the light of accommodation and 

transport as well, PyeongChang is being 

assessed to satisfy IOC requirements. 

Regarding accommodation, over 70,000 

rooms are available including hotels, condominiums, 

motels and guest houses. All 

accommodations are equipped with hotellevel 

services plus a ubiquitous environment 

with a computerised reservation system. 

Moreover, 26,307 rooms are guaranteed 

to surpass the IOC requirement of 22,800 

rooms including 19,175 5-star rooms, 

5,902 4-star rooms, and 1,230 3-star rooms, 

according to the Secretariat of the 2014 

PyeongChang Olympic Winter Games Bid 

Committee. 

Secondly, as to the three-tier transport 

system for safety and convenience, 

Lee Gun-hee 

Samsung Business 

Group Chairman 

According to Samsung 

Business Group, on January 

12, Chairman Lee Gun-hee 

participated in a meeting with 

the PyeongChang Olympic 

Winter Games Inducement 

Team, which is composed of 

the members from Cheong 

Wa Dae -- the office of the 

President -- athletic circles 

and related fields. He 

expressed his willingness to 

conduct positive sports diplomacy activities 

in order to attract the Olympic 

Winter Games for 2014 to 

PyeongChang in Korea. Chairman Lee 

is a member of the International 

Olympic Committee (IOC). At the 

meeting, Chairman Lee said: “If we succeed 

in inducing the Olympic Winter 

Games, it will be able to gather together 

the national energy of Korean people, 

and make a contribution to strengthening 

the global competitiveness of our 

economy. At the same time, the inducement 

of Olympic Games carries a significant 

meaning as a national 

event, so the people’s solidarity 

is not only vitally important 

and also a key to success.” 

Lee Gun-hee, chairman of 

Samsung Business Group, is 

scheduled to meet the members 

of IOC who are to visit 

Korea next month in order to 

perform a fact-finding tour to 

PyeongChang. He also plans 

to meet many high-ranking IOC officials 

including chairman of IOC. 

Meanwhile, the venue for Olympic 

Winter Games for 2014 is to be determined 

at the general meeting of IOC, 

which is to be held in Guatemala City of 

Central America in coming July. 

Around this meeting he is expected to 

meet many IOC members. Since 

Chairman Lee became an IOC member, 

he has actively performed sports diplomacy 

activities and has succeeded in 

gaining a reputation as an influential 

man in the international sports world. 

expressway, railroad and national as well 

as regional roads form three-tiers of transport 

so that PyeongChang and Gangneung 

Clusters can have circular transport system 

each other. 

Korea is a firmly established democratic 

republic with well-established democratic 

ideals as well as the 12th largest trading 

country in the world in 2005 with foreign 

exchange reserves ranked 5th in the world 

in 2006 plus a strong economic foundation 

with stable economic growth and stable 

foreign exchange rate and inflation rates. 

Fully committed, and entirely prepared, 

the 2014 PyeongChang Olympic Winter 

Games will provide opportunities for global 

corporations to enter into the Asian market 

from the world’s 12th largest economy. 

PyeongChang is competing to bid for 

the 2014 Olympic Winter Games with 

Austria’s Salzburg and Russia’s Sochi. 



2007-02_12007.1.2407:8PM페이지64001채널맥(3443-0701) 

Sports / 2011 IAAF Championships / Daegu 

Perfecting Preparations 

to Host World Championships 


Winning the 2011 bid will help Daegu’s globalization exponentially 

Providing Korea’s Daegu succeeds in 

attracting the 2011 International 

Association of Athletics Federation’s 

(IAAF) World Championships in 

Athletics, the 2011 IAAF Championships 

is likely to serve as an opportunity to 

promote WiBro service for Korea globally. 

This is because the 2011 Daegu IAAF 

World Championships Bidding Committee 

is designing the upcoming 2011 IAAF 

Championships as an opportunity to 

introduce Korea’s cutting-edge IT 

including WiBro. 

President Yoo Chong-ha, who has 

served as Korean Ambassador to the UN 

and a Minister of the Ministry of Foreign 

Affairs and Trade (MOFAT), committed 

himself to providing visitors and the TV 

audience with the best game progress and 

viewing service in the world by means of 

Korea’s most advanced IT technology. 

One step upgrade opportunity 

for Korean athletics 

It is said that three cities, including 

Korea’s Daegu, are planning to bid on the 

upcoming 2011 IAAF Championships, 

according to Yoo. 

The final decision about the location of 

the 2011 IAAF Championships will be 

decided at the end of March this year in 

Kenya, Africa. Concerning Daegu’s 

attraction possibility, former Minister Yoo 

explains in an exclusive New Year 

interview with The Korea IT Times: 

“Daegu’s inducement possibility is 

considerably high.” He explained that the 

Championships are held every two years. 

The IAAF would like to host the 2011 or 

2013 Championships in a non-European 

country, and Daegu’s counterpart for the 

championships in non-Europe area is 

expected to be 

Brisbane, Australia. 

Daegu is relatively 

favorable in the context 

of increasing the 

athletics population in 

Asia in order to create 

a greater global market 

for athletic endeavors, 

Yoo emphasized. 

The most important 

thing is that Brisbane 

has no neighboring 

countries whereas 

Korea has very highly 

populated neighbors in 

China and Japan. Our 

country also gains an advantage over 

Australia in economic power, Yoo said. 

When considering TV telecasting 

rights, drawing an audience, and 

marketing, which are the three core criteria 

in selecting an IAAF hosting venue, the 

former diplomat stresses that he is 

confident Daegu presents an overwhelming 

synthetic superiority over Brisbane. 

Yoo Chong-ha, president of the 

2011 Daegu IAAF World 

Championships Bidding Committee 

Advantage in world athletics 

globalization 

Further, President Yoo expects that 

Korea’s Daegu will be able to attract the 

2011 IAAF World Championships in the 

following ways: 

First, the 2011 IAAF World 

Championship is expected to contribute to 

Korea as well as world athletic 

development by encouraging basic 

athletics. As the success of the 2002 FIFA 

World Cup contributed to fostering a 

soccer boom all over the world as well as 

Korean soccer talent improvement, the 

2011 IAAF World Championships will 

pave the way for a new 

turning point of Korean 

athletics development and 

therefore athletics’ 

globalization, he said. 

For Korea or Daegu too, 

the 2011 IAAF 

Championships will boost 

Korea’s prestige as a host 

country of the three biggest 

sports events in the world 

when counting the 1988 

Olympics, and the 2002 

World Cup. 

Daegu’s brand value and 

local economy boost will 

bring about economic ripple 

effects worth 500 billion won (US$533 

million) and over 5000 jobs will be 

created, Yoo expected. 

What’s more, larger domestic 

corporations will be able to boost their 

world class brand image by utilizing the 

2011 IAAF Championships for overseas 

publicity. 

Besides such direct economic effects, 

Yoo underlines that important incidental 

effects will also be big such as national 

athletics development and increasing the 

national consciousnesses. 

With the Championships as an impetus, 

the President expects that our national 

interest in athletics, which serves as a basis 

of all physical exercise, will be increased 

and furthermore this championship will 

develop national athletics in general. 

At the same time, he said that political 

an d social effects are also expected to 

foster the nation’s spirit of obeying laws 

with the activation of athletics, which 

attaches importance to rules. 

In a nutshell, he underscores that 

athletics is the basis of all physical 

exercise and its effects are not to be 

ignored. 

Festival for citizens of the world 

Yoo asserts that Daegu possesses the 

best stadium facility among competing candidate 

cities, adding that the IAAF also recognizes 

that Daegu’s facilities are superior. 

At the time of the 2003 Summer 

Universiad held in Daegu, it is said that 

IOC president Jacque Rogge and international 

athletics circle figures recommended 

Daegu to bid for the IAAF World 

Championships, keeping an eye on Daegu 

stadium facility’s excellence and Daegu 

city’s game operation ability, according to 

Yoo. 

Yet, Yoo concedes that there are still 

parts that need some improvements such as 

improving a passage between a subsidiary 

stadium and a main stadium to carry out the 

2011 Championships successfully. 

For that end, the former UN 

Ambassador committed himself to check 

and to supplement so that Daegu’s current 

athletics stadium can be reborn anew as a 

perfect stadium. 

A hanging placard shows “The 2011 IAAF World Championships in Athletics in Daegu” 

Regarding its hosting direction and 

operation plan in the coming years when 

the attraction will be decided, president 

Yoo said: “With the ever excellent stadium 

and our nation’s passion as assets, the 2011 

Daegu IAAF World Championships 

Bidding Committee will prepare perfectly 

so that the 2011 IAAF Championships may 

become a more vibrant and substantial 

championship than ever before.” 

He also stated that the Committee will 

do its best to erect athletic and media villages 

which can accommodate over 6,000 

athletes and reporters and to provide the 

best game progress as well as viewing service 

with the highest IT technology in the 

world. 

Simultaneously, he committed himself 

to strive to acquaint the world with Korea’s 

traditional culture and Korea with the 

world’s diverse culture by connecting with 

surrounding city tourism centers such as 

Kyungju and Andong so that the 2011 

IAAF World Championships can become a 

culture festival for citizens of the world. 

Korea’s Daegu, Australia’s Brisbane 

and Russia’s Moscow are also competing 

to bid for the 2011 IAAF Championships. 

“With the ever excellent 

stadium and our nation’s 

passion as assets, the 

2011 Daegu IAAF World 

Championships Bidding 

Committee will prepare 

perfectly so that the 2011 

IAAF Championships 

may become a more 

vibrant and substantial 

championship than ever 

before.” 



U.S. $8.80 / KOR.£8,500 

02 

ISSN 1739-2950 

2007-02_12007.1.2407:8PM페이지66001채널맥(3443-0701) 

Policy Direction 

/ MCT Culture Industry Bureau 

Game Korea to Prepare for Second Spring 

More intensive and specialized support needed for game power 

The year 2007 will be an important year for 

Korea’s game industry to be able to make a Second 

Spring. 

In that light, the Ministry of Culture and Tourism 

(MCT) keenly feels the necessity to unfold a more 

intensive support policy. 

Thereupon, the MCT is expected to make every 

effort so that it may propel more intensive and 

specialized game support policies with priority given 

to the game industry team within the Culture Industry 

Bureau, MCT and Korea Game Development and 

Promotion Institute (www.gameinfinity.or.kr). 

Even in the last decade, the growth of the domestic 

online game industry was an object of unusual interest 

from abroad. However, now prominent overseas 

developers are regarding us as an object of competition and 

overseas countries are showing tremendous attention about the 

success factor of Korea’s game industry. 

In conjunction with such factors, Director General Cho 

Chang-hee, Culture Industry Bureau, MCT, anticipates: 

“International competition composition surrounding such games 

is forecast to be accelerated even more in 2007.” 

Director General 

Cho Chang-hee, Culture 

Industry Bureau, MCT 

Already each country is unfolding a specialized 

and intensive support policy, regarding games as the 

core of the future industry, he points out. 

Japan recently concentrated its policy support to 

nurture competitiveness about online games in 

addition to video console games. 

In a written interview with The Korea IT Times for 

the New Year, Director General Cho said: “Nextgeneration 

video game machines seem to act as a 

staple variable, which changes world game market’s 

territory including our country.” 

In the case of Korea, online games account for 

over half of the relative importance, but in the world 

market video games and arcade games account for the 

biggest relative importance, he explained. 

The Director General pointed out that our country also seems 

to be affected by new trends in world game markets and will 

suffer alongside next-generation game machine emergence. In 

this light, he says: “MCT supposes that a more active policy 

about both online games and other game platforms should be 

prepared.” 

He, on the other hand, adds that the year 2007 is an important 

time for a law regarding game industry promotion enacted this 

year should settle. 

In conjunction with this, the Director General ordered that 

Korea concentrates R&D investment to maintain or resolve the 

preoccupation effect of the online game technology field and 

technology gap. 

Director general Cho, who underlines that human power is 

the core element of creative content industry, further pointed out: 

“In case of home, human power infrastructure, the core of 

competitiveness, is vulnerable.” 

Bipolarization is also a problem to be urgently settled, 

according to Cho. In such a respect, he proposes: “Larger 

corporations and smaller companies have to forge mutual 

cooperation structures with the improvement of industry 

ecosystems and should double established competitiveness 

through cooperative mergers and acquisitions.” 

He named that solving negative social awareness about the 

game industry is also an important task. Low social awareness 

and low game market penetration makes industrial circle’s 

inroads of superior manpower difficult and furthermore is an 

element that makes active business dwindle, Cho said. 

Last but not least, the director general noted: “In order for 

Korea’s game industry to secure a favorable stepping stone for 

overseas market inroads, international branding about the game 

industry will be necessary.” 

Attachment on e-sports 

With regard to a comprehensive assessment of Korea’s game 

industry, Cho notes: “The domestic game industry reached a 

scale of approximately 8 trillion won [US$8.6 billion] in 2005 

and grew as an important industry to usher the development of 

the culture content industry at home.” 

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Furthermore, he said: “As Korea’s online games and mobile 

games account for first and third in the world market 

respectively, Korea’s reputation as a game power in the world 

game market is becoming higher.” 

Yet due to online game inroads of overseas games larger corporations 

and their home game protection policy of each countries, 

Korea game’s development power and export power are 

being pointed out to have to equip more bigger competitiveness. 

For this end, Cho introduced: “The Culture Industry Bureau, 

MCT, strives to prepare even more strategic support measures in 

terms of excellent content development and oversea export.” 

Especially, it is said that the Culture Industry Bureau, MCT, 

unfolds intensive and specialized support measures about the 

game industry by operating game industry team separately, 

according to Cho. 

Alongside of this, Cho emphasizes that the Bureau attaches 

great relative importance to policy about e-sports as well as 

projects to foster sound game use culture too. 

In relation to this, he said that the Bureau is propelling e- 

sports activation support, sound game culture promotion, game 

industry-related law and institution improvement. 

In closing his interview, Cho underscored: “The 

government’s middle and long-term policy goals in the interests 

of nurturing domestic game industry lies in actualizing one of 

three game powers globally by 2010.” 

For that end, he committed himself to strive continuously so 

that the Bureau, MCT, may prepare a foothold to let the 

domestic game industry’s long-dated base maintain itself with 

such things as overseas inroads’ diversification and 

competitiveness secure by each platform. 

Negative social awareness 

In connection with competition with foreign-made games, 

Cho insists: “Korea’s game industry is presumed to be 

approximately the eighth position with its market share of about 

4% currently in the world market, among which online games 

are global number one and mobile games are in the third position 

in the world, but absent-mindedness is taboo.” 

Each nation of the world has rushed into an already an 

unlimited competition towards the future of game industry, he 

explains, adding that domestic game competition also is 

inevitable when eager to make inroads into overseas markets. 

Needless to say that competition with foreign-made games is 

inevitable when they will make inroads into the home market. 

At present, Korea’s online game-related technology has a 

technological advantages over foreign-made games in the server 

and networking aspects, but high quality rendering, simulation, 

and realistic 3D graphics are fragile, he points out. 


2007-02_12007.1.2403:10PM페이지76001채널맥(3443-0701) 













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ISSN 1739-2950 

2007-02_12007.1.2407:8PM페이지68001채널맥(3443-0701) 

Exports 

Korea has reached a new level of 

exports, with totals of over 

US$300 billion for 2006 as of 

December 5. Korea’s export driven trade 

policies have been instrumental in 

increasing both exports and the wealth of 

the nation, making the Korean economy 

the 11th largest economy in the world. In 

2004, Korea’s exports amounted to only 

US$200 billion. 

At a celebration to commemorate 

Korea’s new export record on December 

15 at KOTRA, an official said: “Korea is 

expected to grow as the 11th country in 

terms of world export as its export is 

forecast to be approximately US$326 

billion by the end of 2006.” 

Representatives of KOTRA also said 

that with this new achievement, it will be 

possible for Korea to advance into the 

US$30,000 per capita income bracket. 

The reason for such a high export rate 

this year is interpreted to be thanks to 

technology industry policies, namely 

component and material industry 

nurturing, proactive foreign direct 

investment success, overseas market 

Path to Prosperity 

New record in exports pathway to even more new records in exports 

pioneering projects such as the President’s 

Summit diplomacy, and of e-trade 

infrastructure expansion. 

Shooting for the moon 

Professor Bak Tae-ho is the Dean of the 

Graduate School of International Studies 

(GSIS) at Seoul National University. He 

gave a presentation regarding the 

Multilateral Trading Environment and 

Korea’s External Economic Strategy for 

the Future in an international conference 

commemorating Korea’s export US$300 

billion held on November 28, 2006 at 

COEX in Seoul. He insisted in this 

presentation that: “The future of the world 

trading environment is expected to lie in 

the co-existence of the multilateral trading 

system led by the WTO [World Trade 

Organization] and regionalism led by 

FTAs [Free Trade Agreement].” 

This means that regionalism will 

become more prevalent while the WTO’s 

influence may wane. Professor Bak also 

points out that Asia, in particular, is 

expected to experience this phenomenon. 

Kotra holds a reception to commemorate $300 billion exports on Dec. 15 


He said: “In order to respond to these 

changes, Korea needs to come up with an 

improved and systematized external 

economic strategy.” 

He insists: “Korea’s external economic 

policy should be geared towards attaining 

the goal of transforming Korea into a 

completely open market economy that is 

an integral part of the world economy 

while becoming one of the leading 

countries of the international community.” 

Proactive liberalization 

If Korea is able to set a sensible 

external economic strategy, it will be able 

to become one of the world’s large 

economies and thereby participate in the 

management of the world economy, 

according to Bak. 

In that regard, Professor Bak proposes 

proactive liberalization for competition and 

consumer welfare, diversification of 

Korea’s trade relations, improving Korea’s 

business environment, and enhancing 

Korea’s role in the international 

community. 

First, regarding proactive liberalization 

for competition and consumer welfare, the 

Professor explains; “It now seems 

impossible for Korea to become an 

advanced economy by pursuing the means 

of protectionist policy.” In other words, 

liberalizing our market, rather than 

protecting our domestic industries and 

firms, will induce competition. 

Professor Bak notes that this will 

eventually strengthen our economy and 

ultimately improve the international 

competitiveness of our domestic goods and 

services. 

Bak ordered also, more efforts should 

be made to ensure that the benefits of 

Staple export performance accomplishment year by nation 

By country $10 bil. $100 bil. $200 bil. $300 bil. 

Korea 1977 1995 2004 2006 

USA N/A 1975 1980 1988 

China 1979 1994 2000 2002 

Japan 1967 1979 1986 1991 

Germany 1960 1976 1986 1988 

The Netherlands 1969 1988 1995 2004 

Italy 1968 1987 1995 2004 

Canada 1966 1988 2004 

Belgium 1969 1990 2002 2004 

France 1965 1985 1990 1995 

England 1960 1980 1994 2003 

Source: WTO 

market liberalization enhance consumers’ 

welfare more than it did in the past. 

Secondly as for diversification of 

Korea’s trade relations, it is now evident 

that Korea should pursue a diversification 

strategy of strengthening its economic 

relationships with China and Japan using 

its geographical advantage, while 

concluding the Korea-US FTA to maintain 

good relations with the US at the same 

time. 

Regarding diversification of Korea’s 

trade relations, Professor Bak insisted: 

“Korea’s trade policy should not focus on 

a specific country or region that matches 

Korea’s interests; it should rather manage 

its relations with other countries with 

diversity and maintain a certain balance to 

achieve its economic prosperity.” 

Bold steps needed 

As to improving Korea’s business 

environment, Korea’s business 

environment is being pointed out to be 

unattractive for many reasons. 

Actually its real estate prices are high 

while labor and capital relations are 

complex and tend to be rocky. Also, 

intellectual property rights are not 

protected well enough. Government 

regulations and restrictions are another 

area in need of reform. 

The opaque policy regimes regarding 

trade and foreign investment, 

underdeveloped and over-regulated 

financial services, too many restrictions in 

the capital and foreign exchange market, 

and many other administrative restrictions 

on the business sector are the major 

problems. 

Korea needs to take bold steps in 

resolving these issues. 

As for enhancing Korea’s role in the 

international community, Bak said: “Also 

being a trade dependent economy, Korea is 

the ideal country to help developing 

countries economically while playing an 

active role in building bridges between 

advanced and less developed countries.” 

In this regard, he proposes a plan to 

increase official development assistance 

and effectively transfer its development 

experience to developing countries. 

Export levels rising 

In 1960, Korea’s export volume was 

approximately US$100 million. Its total 

GDP was about US$1.9 billion while GDP 

per capita was US$79. 

Miraculously, thanks to strong 

leadership with an outward-looking 

development strategy and a favorable 

world trade environment, the Korean 

economy grew at a rapid rate. 

Accordingly, exports grew on an 

average of more than thirty percent a year. 

Korea’s current export volume is US$326 

billion annually. 

MOCIE projects that Korea will be able 

to accomplish US$500 billion in exports 

after five years from now if we work 

harder than others. MOCIE Minister 

officials further anticipate: “Providing we 

continue 6~7% growth, it is possible to go 

across GDP US$1.5 trillion and national 

income US$30,000 level after 7~8 years. 


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2007-02_12007.1.2403:10PM페이지76001채널맥(3443-0701) 













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2007-02_12007.1.2407:8PM페이지70001채널맥(3443-0701) 

KITA 

Essay 

Exports Exceed US$300 Billion 

The Malleability 

of Digital Information 

Advanced trade structure infrastructure for continued growth 

Last year’s exports exceeded US$300 

billion, a new record for South 

Korea. In order to continue the 

growth trend and meet a US$500 billion 

export goal or even a US$1 trillion export 

goal, a new trade paradigm and strategy 

well-matched to Korea’s trade power is 

necessary. 

Korea International Trade Association 

(KITA) Chairman and CEO Lee Hee-beom 

is noted as saying that the Association will 

do its best to bring the US$1 trillion trade 

age earlier. He added that trade circles 

should regard this rather as an opportunity 

to wisely cope with the intensification of 

global competition. 

Regarding tasks for the early 

accomplishment of US$1 trillion in trade, 

Lee named opening enlargement, growth 

potential cultivation, advanced trade 

infrastructure construction, export base 

enlargement, next-generation growth 

engine industry and component material 

industry nurturing as important tasks for 

the industry. 

In his opening speech held at COEX, 

Seoul to commemorate the 43rd Trade Day 

on November 30, 2006, Lee said: “Korea 

accomplished not only an inspiring deed to 

break through the US$300 billion export 

ceiling in 2006, but also came to make a 

new record of two-digit increase during 

four consecutive years for the first time 

since the 1980s in terms of export increase 

rate and over US$10 billion 

during five consecutive years 

in terms of trade black letters.” 

By breaking through the 

US$300 billion export ceiling 

two years after our country 

export has broken through 

US$200 billion in late 2004, 

Lee stressed that Korea’s 

US$300 billion export 

breakthrough is significant in 

that we came to harden as a 

worlwide trade power. 

Top eight world trade 

power entry by 2016 

No more than 10 nations accomplished 

exports of US$300 billion in the world till 

2005, including the United States and 

Japan, according to Lee. 

National income per capita of all nine 

countries except China is over US$25,000 

and eight countries have over US$30,000. 

In that respect, countries that 

accomplished US$300 billion in exports 

show that their technology level or 

comprehensive competitiveness are 

advanced commerce nations. 

Korea remains still at the level of 

US$10,000 (US$16,291 as of 2005) in 

terms of national income per capita, 

according to KITA statistics. However, 

KITA chairman Lee underscores: “If we 

make efforts even more by crossing the 

US$300 billion export line, 

Korea shows a possibility to be 

able to enter into the 

US$30,000 age per capita.” 

With regard to Korea’s 

entry into one of the top eight 

world trade powers by 2016 

too, KITA predicts: “If we 

overcome the economic trade 

market trend’s change wave, 

Korea’s export increase rate is 

expected to post 7 to 12% 

every year and post over 3.0% 

in terms of market share in 

world exports. Henceforth, 

Korea is forecast to be able to become one 

of the eight trade powers by 2016, going 

ahead of Hong Kong, Belgium and 

Canada.” 

National income distribution per capita of nations whose export scale is over US$300 billion as of 2005 

Per capita 

Over US$40,000 

US$35,000~US$40,000 

US$30,000~US$35,000 

US$25,000~US$30,000 

Lee Hee-beom, 

Chairman and CEO of 

Korea International 

Trade Association 

“If we make efforts even 

more by crossing the 

US$300 billion export 

line, Korea shows a 

possibility to be able to 

enter into the US$30,000 

age per capita.” 

Country 

The United States(US$43,740) 

Japan (US$38,980), England (US$37,600), The Netherlands (US$36,620), & Belgium (US$35,700) 

France (US$34,810), Germany (US$34,580), Canada (US$32,600), & Italy (US$30,010) 

Hong Kong (US$27,670) 

Senior Reporter 

Matthew Weigand 

(matthew@ittimes.co.kr) 

Information is not what it used to be. 

When I was an elementary school student, I 

remember being taught the proper way to 

research information for book reports. First, 

one should go to the library and do a lot of 

searching within musty card indexes. Then, a 

good student would make many notes on a few 

tiny index cards and take the cards up to the 

librarian. After much ado, the librarian would 

hopefully give you the books you requested. 

After that, the research could begin. 

Compared to today’s use of Google and the 

Internet, acquiring information in my youth was 

positively archaic. Now, active people in the 

world are almost drowning in a sea of easily 

accessible information. Computers and mobile 

devices routinely give us more information then 

we can stand. 

However, there is one advantage those 

dusty books in the local library have over an 

Internet Explorer browser window, one that 

might not occur to many of the citizens of the 

Digital Age. Its hard to change the information 

in those books. Once a book is printed, it 

generally stays printed. After many years, 

books grow old and might crumble into dust, 

but the letters rarely rearrange themselves on 

the page. Even if different editions are 

released and old editions are lost or damaged, 

the existing editions keep the information 

they originally contained. 

The same cannot be said for digital information. 

In fact, the design of digital information 

has explicitly included the easy and quick ability 

to change said information. Much of the 

world’s digital information is stored in a similar 

format. With ith the right set of commands 

huge collections of information -- vast fields of 

data, can immediately be altered. It doesn’t 

take much knowledge at all to change the first 

name of every customer in a customer database 

to Bob. 

If such customer information was stored in 

paper form it would take weeks or perhaps 

months to change the first names of all the customers 

on file to Bob in a decent-sized corporation. 

And even after such a lengthy process was 

completed, signs of the change would most 

likely be evident in the form of tell-tale traces 

of white-out or the obviously different ages of 

paper used for replacement forms. 

To use a more extreme example, if customer 

information was carved into marble slabs in the 

hallways of the company’s central office building, 

it would be entirely impossible to alter and 

very difficult to destroy. Changing a billing 

address would require a large marble purchase 

and several man-hours with a mallet and chisel. 

Now, granted, the digital format that most of 

the world’s information currently takes has 

undeniable advantages, and those properties 

allow modern business to function smoothly. 

In a business environment, where information 

changes rapidly, people need highly malleable 

versions of information in order to continue to 

do business. 

But the malleability of information 

becomes more important when the law comes 

into play. In the new age of digital crime, digital 

records of said crime are the only evidence. 

However, those logs can invariably be 

altered, as long as they exist in digital format. 

Information malleability becomes an even 

more important factor when speaking about 

voting in a democracy. Many technologically 

advanced democracies have considered using 

electronic voting systems, even though many 

technology professionals protest such a move. 

Even though some IT workers seem to have 

difficulty communicating their objections to 

politicans, in the end the major sticking point 

is the mutability of this information. If votes 

are stored in an electronic format, twenty keystrokes 

at the right computer terminal can 

change a million votes. If they are stored in a 

paper format, changing a million votes takes 

much more time and effort. 

Information malleability is an important factor 

to consider when setting up information 

technology processes in the 21st century. 

Companies would do well to consider customer 

desire and government regulations about this 

factor in order to be more successful in the 

Digital Age. 



2007-02_12007.1.2407:8PM페이지72001채널맥(3443-0701) 

Company Profile 

/ WAP Telecom Broad-Q 

Unrestricted, Free of Charge 

New Player in Mobile Chip Market 

Aggressively Preoccupied with Superiority 

Large ripple effects expected 

With the birth of the unrestricted free 

international cellular phone, users have come 

to be able to make international calls without 

a subscription fee, for a monthly fixed amount. 

Thanks to the exact international fee calculations 

and the dollar’s declining power, WAP Telecom 

(www.wapcard.co.kr) has opened an 

international telephone service which can 

be used through a a cellular phone free of 

charge. This service has launched in 

November 2006. It is expected to be very 

beneficial to businesses and customers, 

because it was made for customer 

convenience rather than short-term profit, 

according to CEO and President Alex 

Seong of WAP Telecom. 

The service is truly a free international 

phone service which can be used in over 

22 countries. There is no registration 

procedure, subscription fee, charge or bill. 

It is possible to use the service through a 

cellular phone alone, according to Alex. 

It is possible to use the service to call 23 nations, 

including the United States, China, Canada, Hong 

Kong, Singapore, Japan, Australia, the United 

Kingdom, New Zealand, Germany, France, Italy, 

Taiwan, Spain, and Russia. 

WAP Telecom’s 1600-0030 International 

Phone Service is an exceptional product that 

restricts all 23 countries’ charge to be serviced 

with domestic cellular phone telephone charges. 

With no additional charges and a high 

quality, WAP Telecom’s 1600-0030 

International Phone Service will provoke no 

hatred by people. There are actually no 

international phones which can compete with 

their service, Alex pointed out. He went on to 

say that the service, which shares profits with 

collaborating companies, will satisfy all parties 

involved. 

In comparison to prepaid cards and other 

offers, the service charges the normal domestic 

Alex Seong, CEO & president 

of WAP Telecom 

rate of the local mobile communications provider. That 

means it is possible to use the international phone as if 

a user is placing a domestic telephone 

call, Alex explained. 

WAP Telecom, established on May 

15, 2003, pursues a stable market position 

and profit foundation through business 

ties with leading companies in each field. 

Due to the emergence of the 1600- 

0030 service emergence and increasing 

business ties, President Alex Seong 

forecasts that the international cellular 

phone market as a whole will be 

reshuffled. 

He is committed to boosting 1600- 

0030’s brand value through the aggressive 

advertisement in publicly reliable media 

and portals. 

For reference, the way customers use 1600-0030 

service is as follows: 

First dial 1600-0030 with your cellular phone. 

When you hear a voice, press the telephone number 

including the national prefix and #, the pound sign. 

Broad-Q launched recently as a semiconductor 

design company for digital broadcasting. The 

company has the goal of becoming the world’s 

best mobile DTV chipset leader within three years, 

especially in the DMB and DVB related solution 

market. 

When asked “Why mobile DTV?” 

Broad-Q President and CEO Grahm S. 

Choi said with confidence: “Mobile DTV 

has a good potential market in mobile TV, 

including a stand-alone market. It also 

has powerful backers such as Nokia, 

Qualcom, and NHK. It should increase in 

the same way that the camera market is 

increasing, at speed until 2010.” 

Mobile DTV doesn’t have as many 

competitors as other technologies like 

DVB-H because it is an early market with 

a high design barrier. If there is no 

experience, there is no performance, 

according to Choi. 

To the question “Why Broad-Q?” Choi 

named proven technology, enough experience, and a 

strong relationship. 

The company has a superior mobile reception 

performance and more than 10 to 20 years experience 

Grahm S. Choi, 

president and CEO of Broad-Q 

in the same field including a strong cooperation with 

RF IC, multimedia, and HHP set companies, according 

to Choi. In a new year interview with the 

Korea IT Times, the president 

emphasized: “Mobile TV side markets 

will certainly come.” He added that 

around the year 2010, approximately 250 

million mobile TVs are expected to be in 

use globally. 

Choi said that as of June of this year, 

Broad-Q will begin mass production of 

chips used in base band IC for DVB-H, 

DVB0T, and ISDB-T. 

Touching on the importance of 

attracting foreign investment for mass 

production, Choi explained: “The 

significance of the launch of Broad-Q lies 

in that the company can become involved 

in the domestic component materials market.” He 

expects that the ripple effects of chip production are 

expected to be large. 



2007-02_12007.1.2407:8PM페이지74001채널맥(3443-0701) 

Essay 

Blue Horizon of Digital Hallyu Part II 

The following is the second in a six-part 

series of articles by Cho Yong-joon, 

executive director, Division of Public 

Relations and Projects of the Korea 

Agency for Digital Opportunities and 

Promotion (KADO) -- Ed. 

At the Asia-Pacific Economic 

Cooperation (APEC) summit held in 

Hanoi, Vietnam on November 18, Chinese 

President Hu Jintao received a somewhat 

different treatment compared with other 

state leaders. The Vietnamese communist 

party leader and president greeted Hu 

Jintao at the airport. It is an unprecedented 

treatment diplomatically. 

In the Hanoi 

Declaration announced 

right after the summit, the 

“harmonious Asia-Pacific 

construction,” a slogan 

developed from Hu 

Jintao’s political philosophy 

of building a harmonious 

society, was included. 

It indicates that China has secured a 

firm position as a great power next to the 

United States and exercises the biggest 

influence over ASEAN countries. 

Adding to ASEAN 

As I mentioned earlier, China and 10 

ASEAN countries are one step further 

Theory to expand 

digital territory in 

the US-China 

polarization era 

toward the establishment of 

an FTA. China plans to 

realize free trade with six 

countries — Indonesia, 

Malaysia, the Philippines, 

Singapore, Thailand and 

Brunei — until 2010 and 

complete an FTA with 

Cambodia, Laos, Myanmar 

and Vietnam by 2015. 

If China concludes an 

FTA with ASEAN, it will 

create a giant economic bloc 

in the region with a 

population of 1.8 billion and 

gross domestic product of 

US$2.4 trillion. If this 

trend continues, China 

will become the biggest 

trade partner of ASEAN 

countries in 2009, out 

pacing the United States. 

China and ASEAN 

announced a joint action 

plan to bolster mutual 

cooperation at the third China-ASEAN 

summit held in Nanning, China last year. 

Under the plan, they will build a center to 

accelerate trade, investment and tourism 

and engage in joint projects to develop 

energy and regional economy, in addition 

to the realization of free trade. 

Through this plan, they will build an 

economic belt linking Indonesia, Malaysia, 

Cho Yong-joon, executive 

director, Division of Public 

Relations and Projects of 

the KADO 

Oversea Internet 

Youth Volunteer 

Group 

Thailand and Changjiang in 

China and develop the southwestern 

region of China and 

the Mekong River economic 

cooperation zone, while constructing 

an international railroad 

linking Singapore and 

Kunming in China. 

Cooperating 

with India 

China and India, who 

have disputed over border 

issues and regional 

initiatives, recently joined 

hands to seek real profits stemming from 

oil. The Press Trust of India (PTI) 

reported on November 26 last year that the 

two countries decided to establish a joint 

venture for the development of oil fields in 

the third world, including Africa and Latin 

America, and to avoid price competition. 

At present, India depends on imports to 

meet 75 percent of domestic oil demands 

and the dependency ratio of oil imports 

reaches 33 percent for China. 

Accordingly, the two countries staged a 

war for oil imports, resulting in a surge in 

oil prices and offering enormous profits to 

resource-rich countries. 

The energy collusion of China and 

India was the fruit of diplomacy propelled 

by China’s President Hu Jintao, who made 

an official visit to India on November 20- 

23. This was the first time a Chinese 

leader had visited India in ten years. 

Anyway, the emergence of a China- 

India bloc with a population of 2.4 billion 

and enormous amounts of GDP has been 

become a body threatening many countries 

including Korea. 

It is almost certain that the cornering 

and hoarding of oil by the China-India bloc 

will make Korea face more serious 

difficulties in securing energy resources at 

a reasonable price. 

In addition, World Bank President 

James Wolfensohn said in his speech at 

New South Wales University in Australia 

on November 26 last year that the China- 

India bloc will lead the global economy 

and advanced western countries should 

prepare for this move. 

He asserted that the China-India bloc 

will readjust the global economic order 

within 25 years with the combined GDP of 

China and India exceeding that of the G7 

countries. Between 2030 and 2040, China 

will out pace the United States, becoming a 

great economic power. 

Of course, China and India are in 

competitive relations, so it is difficult to 

develop the current economic cooperation 

relation into an economic alliance. 

Nevertheless, it is enough for the 

cooperation between a hungry dragon and 

elephant to become a black hole of the 

global economy. 

Silk road of iron 

At the UN ESCAP transportation 

ministers’ meeting held at BEXCO in 

Busan on November 10 last year, 

transportation ministers and vice ministers 

from 41 countries announced a plan for the 

agreement on the Trans-Asian Railway 

Network (TAR). 

The 81,000-long railway will link 28 

Asian continents, including Siberia, China, 

Manchuria, Mongolia and Korea. 

Almost all routes of the railway are 

linked with China, so that the spread of 

Chinese influence is expected to accelerate 

in the future. 

Russian press also warned about the 

rapid expansion of China. According to a 

Russian newspaper, 40,000 to 50,000 

Chinese are legally residing in the Far 

Eastern region of Russia, but the actual 

number of Chinese, including those who 

illegally live in the region, is estimated to 

be several times more. 

The active advancement into the Far 

East by Chinese has already caused conflicts 

here and there. Accordingly, the 

completion of the TAR is almost certain to 

speed up Chinese advancement into other 

regions. 

Tough challenge 

of national resources 

A Russian economic daily reported on 

November 27 last year that the world’s 

largest gas company Gazprom plans to 

raise the price of natural gas supplied to 

Europe by 14 percent. 

However, the Russian state-run 

Gazprom said it will raise the gas price by 

54 percent for Latvia, 30 percent for 

Lithuania and 400 percent for Belarus. 

Early last year, Russia suspended 

supply of natural gas to Europe 

temporarily, making most European 

regions suffer from a shortage of gas. 

Such acts are regarded as Russia’s attempt 

to enhance its influence over global society 

by using energy resources as its arms. 

There are many forecasts that oil and 

gas reserves in the globe are expected to be 

exhausted completely within the coming 

40 to 60 years. As of the end of 2004, the 

confirmed oil reserve in the world is 

estimated to reach about 1.1 trillion barrels 

and the unconfirmed reserve about 1 

trillion barrels. 

Accordingly, each country is going allout 

to secure enough energy resources for 

existence and growth. 

However, Korea is too passive in 

making preparations for energy. It is 

fortunate that the Korea Gas Corporation 

recently concluded a letter of intent with 

Rasgas Co. of Qatar to introduce 2.1 

million tons of LNG annually for the next 

20 years. 

However, Korea with poor energy 

resources should work out proper measures 

in preparation for a possible shortage of 

energy resources. 

Internet cold war 

Professor Jack Goldsmith of Harvard 

University and Professor Tim Wu of 

Colombia University said in their book 

Who Controls the Internet: Illusion of a 

Borderless World that the United States, 

China and Europe are drawing very 

different Internet futures. In the process, 

“In Korea, an IT powerhouse, Koreans believe that 

they have a more advanced digital culture than those 

in any other country. However, we need to consider 

the possibility that the cold war on the Internet may 

destroy our superiority.” 

they will encourage other countries to 

select one of the various control models 

ranging from the relatively free and 

liberalized model of the US to the politics 

controlled model of China. As a result, 

they will push for their respective visions 

for the future of the Internet, staging a cold 

war surrounding technology. 

In Korea, an IT powerhouse, Koreans 

believe that they have a more advanced 

digital culture than those in any other 

country. However, we need to consider 

the possibility that the cold war on the 

Internet may destroy our superiority. 



2007-02_12007.1.2407:8PM페이지76001채널맥(3443-0701) 

People & Events 

The KAIST Alumni Award 

to Two People 

WEF Selects Two Korean 

Next-gen Leaders 

Samsung’s 

New Top Executives 

KCU appoints its 

Second President 

Kim Shin-bae, 

president and CEO 

of SK Telecom 

Rhee Sang-ki, Ph.D., 

president of Korea 

Research Institute of 

Bioscience and 

Biotechnology 

SK Telecom CEO and 

President Kim Shin-bae and 

President Rhee Sang-ki, Ph.D., Korea Research Institute 

of Bioscience and Biotechnology received this year’s 

KAIST Alumni Award. 

With his creative management philosophy that 

contributes to mobile communication and information 

system industry development, President Kim, SK 

Telecom, a prize winner in the industry, is assessed to be 

a paragon of his junior engineering students. 

In the society category President Rhee, Korea 

Research Institute of Bioscience and Biotechnology, has 

contributed greatly to practical technology development 

of the genetic engineering field and the government’s 

biotechnology policy establishment. 

Proud Samsung Man Award 

Samsung Group 

held a ceremony of 

presenting the Proud 

Samsung Man 

Award at the Hoam 

Art Hall on the afternoon 

of January 9. 

At this ceremony, 8 

teams or individuals received prizes in four categories -- 

Achievements Awards, Technology Awards, Design 

Awards, and Special Awards. 

The Technology Award went to two next-generation 

research teams of the memory business division that 

developed a 32 Gigabyte NAND flash. The Design 

Award went to the Image Display Business Division 

Design Group which constructed Bordeaux digital TV’s 

design identity. 

Lee Hae-jin, 

president of NHN 

Board of Directors 

Lee Hae-jin, president of NHN Board of Directors, 

and soccer player Park Ji-sung who is running in the 

Manchester United, England, were selected as World 

Economic Forum Next-generation Leaders. In its 

statement, WEF said: “The Forum has selected 250 

persons among recommended next-generation leaders 

candidates 4,000 persons under the 40 ages, who are 

serving in each country’s government all over the world, 

corporation, the academic world, and private institues. 

KIICA Names New President 

Kim Sun-bae, 

president of KIICA 

soccer player 

Park Ji-sung 

As the first president of the 

Korea ICT International 

Cooperation Agency (KIICA) 

which launched recently, former 

ICA president Kim Sun-bae has 

been selected. 

The newly launched KIICA is 

an institution under the umbrella 

of the Ministry of Information 

and Communication, which 

supervises IT company export 

promotion affairs by uniting 

former ICA and iPark functions under the influence of 

the Korean Industry Promotion Agency (KIPA). 

KIICA’s staple affairs consist of IT Korea publicity, 

domestic IT company’s oversea inroad support, and 

collaboration support between governments. 

In his inauguration speech, President Kim committed 

himself to make KIICA into a crack public institution 

within a short time by establishing iPark’s development 

road map plus continuous management innovation. 

Choi Gee-sung, then 

president of 

Samsung Electronics 

Digital Media Division 

who came to 

supervise 

telecommunication 

Samsung Group selected the 

Group’s twelve new presidents 

including President Lee Ki-tae’s 

appointment of Samsung 

Electronics Telecommunication 

Network Division as Samsung 

Electronics CTO Vice Chairman. 

CTO Lee Ki-tae’s Vice 

Chairman promotion is indicative 

of the recognition of his 

meritorious service which allows 

cellular phone business to grow 

into one of Samsung Electronics’ 

representative businesses over the 

past 7 years. Choi Gee-sung, 

president of Samsung Electronics Digital Media Division 

came to supervise telecommunication and Samsung 

Electronics digital printing division president Park Jongwoo 

will head the bigger digital media business as a 

successor to president Choi Gee-sung. 

Hope Korea Uniting 

with Digital 

The 2007 Information & Telecommunication man 

New Year Greeting Party was held in the international 

conference hall, of the Korea Chamber of Commerce and 

Industry (KORCHAM) on January 16. Over five hundred 

telecommunication-related persons attended, including 

MIC Minister Rho Jun-hyong. MIC Minister Rho proposed 

a toast, presenting Hope Korea Construction 

Uniting with Digital as a New Year vision. 

Dr. Lee Woo-yong, 

president of Korea 

Cyber University 

Korea Cyber University 

(www.kcu.ac.kr) has appointed Dr. 

Lee Woo-yong as its second 

President following the first 

President Song-ja. Since he 

graduated from the Politics/ 

Diplomacy Department of Yonsei 

University, he has been serving as 

Professor of the Management 

Department at Seogang University 

since 1978. 

KAIST Man Award in 2006 

Cho Dong-ho, 

Professor of KAIST 

KAIST bestowed this year’s 

KAIST Man Award in 2006 on 

Professor Cho Dong-ho, its 

Electricity and Electronics 

Engineering Department, and Ms. 

Lee So-yeon who was selected as 

the first astronaut candidate. 

Professor Cho commercialized 

PAD data communication equipment 

into administration computerization 

networks, according to 

KAIST. He also announced 99 international papers and 

62 papers at home plus 76 domestic patents as well as 46 

international patents. 

OCU to Collaborate with DEMA 

Jang Seung-kun, 

president of 

Open Cyber 

University 

Open Cyber University 

(www.ocu.ac.kr) concluded an agreement 

with DEMA (www.dema.mil.kr) 

regarding their mutual education 

cooperation pact. This pact deals with 

the special and lifelong education 

issues of professional servicemen. 

The two institutions have come to 

cooperate with each other in several 

areas such as academic degrees and 

qualification certificate education. 

They also will coordinate on education facilities, equipment 

utilization, and education content development. 



2007-02_12007.1.2407:9PM페이지78001채널맥(3443-0701) 

Real-Time News 

Samsung Electronics Releases McLaren Phone for F1 Cars 

Samsung Electronics’ Ultra Edition 

HSDPA Phone has been reborn as 

the McLaren Phone for racing cars. 

Samsung said on January 16 that its 

Ultra Edition HSDPA Phone was selected 

as the special edition to celebrate the 

largest mobile carrier in Europe 

Vodafone’s supporting the McLaren- 

Mercedes team. 

McLaren is name of a famous racing 

team of the Formula One Grand Prix, the 

world’s largest race, and the name of the 

best racecar produced by the team. 

McLaren, which has won 148 times in F1 

Grand Prix and 11 times F1 world championship, 

released a new F1 car named 

McLaren-Mercedes MP4-22 in collaboration 

with Mercedes-Benz. 

The F1 Grand Prix which enjoys popularity 

as high as the Olympic Games and 

the World Cup is viewed by more than 4 

billion people in over 150 nations through 

television. Since Vodafone began to support 

McLaren, the Ultra Edition HSDPA 

which was selected as McLaren-Mercedes 

phone by Vodafone is expected to attract 

interest of the worldwide F1 fans. 

The color of the Ultra Edition HSDPA 

POSTECH Professor Lee Hu-jong and 

his research team have announced on 

January 15, 2007 that they have succeeded 

in developing a technology to generate 

Terahertz (THz) waves by capitalizing on 

high temperature superconductors. The 

terahertz wave is a super high frequency 

wave lying between the ultraviolet ray and 

microwave, and makes it possible to take a 

picture of the living body image more 

safely than an X-ray. Moreover, this can be applied to fields such 

as deadly weapons, nondestructive inspection (NDI), and super 

high-speed wireless Internet. Because of this, developed countries 

are making efforts to develop the technology of generating the 

McLaren Phone is silver 

after the image of 

McLaren-Mercedes F1 

and the phone is framed 

by chrome which gives 

feeling of white gold. 

Red symbolizing 

McLaren makes the 

phone more attractive. 

An official of 

Samsung said: “Vodafone’s 

selecting the 

product of Samsung as 

McLaren-Mercedes Phone proves that the 

Samsung phones are recognized as premium 

mobile phones in the world.” The 

phone has a logo saying Vodafone Mclaren 

Mercedes on its front and the screen was 

designed to give feeling of a racing car as 

well. 

Its ring tone is also the sound of car 

engine and its contents also were differentiated 

from the traditional phones into a concept 

of racing such as photos and moving 

images of McLaren-Mercedes F1. 

Additionally, the new phone will allow 

users to download files of mobile TV, 

music and moving images provided by 

Samsung Electronics’ McLaren Phone 

Vodafone Live service through the nextgeneration 

communication technology 

HSDPA, as well as supporting state-of-theart 

functions such as 3-megafixel camera 

and Bluetooth. 

Samsung Electronics’ mobile phone 

division president Lee Ki-tae said: “By 

cooperating with the worldwide premium 

brand, Samsung Electronics will be able to 

strengthen the brand power of its mobile 

phones and to enhance their status as premium 

items. Products of Samsung will be 

recognized as the world’s best premium 

brand based on the top technological power 

and best design.” 

Terahertz Wave Generation Technology Developed 

terahertz wave. Until now, however, 

either an electronic approach or an optical 

technique has not worked for terahertz 

wave generation. But by capitalizing on 

Josephson vortex, professor Lee and his 

research team has developed the 

technology of generating the terahertz 

wave. This research results have been 

disclosed in the authoritative magazine 

Physical Review Letter published by 

American Physics Society. Professor Lee said: “We expect that 

our research results will make a contribution to stepping up the 

development of terahertz wave generation device, consequently 

providing a great help to the superconduction applications.” 

Technology Adopted as International Standard 

According to the Korea Information 

Security Agency (KISA), on January 16, 

2007, KISA has received good news from 

the ISO/IEC JTC 1, the international 

standardization institution in Geneva, 

Switzerland, that KISA’s biometric test 

technology has been adopted unanimously 

as an international standard. This is the 

11th standard adoption in the ISO SC 37, 

and as for biometric international standard, 

this is the first case in Korea. This 

Biometric Application Programme 

Interface (BioAPI), which has been 

developed by the Korea National 

Biometric Test Center (K-NBTC) of 

KISA, will be used as an international 

standard technology to test biometric 

products. In particular, this technology 

standard will be used as a basic item to test 

e-passport at the international airport all 

over the world. 

Moreover, this test technology has been 

adopted and is being used by the Biometric 

Management Office under the Department 

of Defense and the National Institute for 

Standard and Technology of the US 

Federal Government. At present, K-NBTC 

is providing this technology to the 

domestic companies through trial services, 

so that it may make contribution to the 

export of our homemade products. On 

December 2002, this standard has been 

presented by Kim Jae-seong, team leader 

of KISA, to the first general meeting of 

ISO SC 33, which was held in the USA. 

The five participating countries have 

agreed to adopt this standard as an 

international project in July 2003. Four 

years since then, this good news of No. 1 

biometric international standard of Korea 

has been received. 

Fall in 40” LCD TV Prices Remains Sharp 

According to PriceMaster, 

Displaybank’s TV set prices report, the 

average price for 42-inch LCD TVs 

plunged 40% from about US$3,011 in 

January 2006 to US$1,818 in December in 

the US consumer market, leading the price 

competition. 

By contrast, prices for the rivals, the 40- 

inch LCD TV and 42-inch PDP TV (HD), 

posted a slower decline of 38% and 34%, 

respectively, than that in 42-inch LCD TV 

prices. 

This trend seems to derive from both 

42-inch LCD TV vendors and LCD panel 

manufacturers’ countermeasures to 

heighten the position of 42-inch LCD TVs 

in response to 40-inch LCD TV models 

from Samsung and Sony, which swept the 

market for 2006. 

In fact, the manufacturing cost for 42- 

inch LCD TV panels is evaluated 

to remain far high compared 

to 40-inch. However, with the 

consumer price gap between 40- 

inch and 42-inch LCD TVs narrowing 

from about US$170 in 

early 2006 to US$60 by the end 

of 2006, both 42-inch LCD 

panel and TV manufacturers are 

projected to suffer difficulties in 

profits. 

In addition, 40-inch and 42-inch LCD 

TV prices remained 31.8% and 39.8%, 

respectively, higher than 42-inch PDP 

prices in early 2006, but these price differentials 

shrank to 22.6% and 27.2%, respectively, 

by the end of 2006, raising concerns 

that the PDP TV will lose its upper hand in 

competition with LCD TVs in the 40-inch 

range. 

TV Price Trends 

42” PDP VS. 40 & 42” LCD TV Price Gap 

Jan 

Dec 

40 LCD 132% 128% 

42 LCD 140% 125% 

42 PDP 100% 100% 

(Source: Displaybank, PriceMaster, January 2007) 

TV prices are likely to continue on a 

downward curve this year, but the fall is 

forecast to ease to 20% to 25%, according 

to Displaybank. With regard to this, the 

market research firm explained that a 

plunge in TV prices in 2006 had also driven 

down flat TV prices to the Magic Price, and 

LCD and PDP panel manufacturing costs 

are unlikely to follow the previous year’s 

downward trend this year. 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YoY Decline 

40LCD 2,839 2,810 2,485 2,465 2,159 2,262 2,191 2,148 1,983 1,964 1,942 1,751 38% 

42LCD 3,011 2,745 2,717 2,686 2,265 2,394 2,197 2,173 2,272 2,114 1,887 1,818 40% 

42HD PDP 2,154 2,197 2,079 1,904 1,796 1,801 1,623 1,593 1,576 1,587 1,556 1,429 34% 

(Source: Displaybank, PriceMaster, January 2007) 



2007-02_12007.1.2407:9PM페이지80001채널맥(3443-0701) 

Real-Time News 

Samsung Exports WiBro to Middle East 

Samsung Electronics begins to export 

its WiBro service to Middle East, 

accelerating expansion to the world 

market. 

Samsung Electronics said on January 14 

that it signed a contract to commercialize 

WiBro service with Bayanat, a major 

communication company in Saudi Arabia. 

The two companies agreed to expand 

the WiBro service to the entire nation 

within a few years after providing the 

service to four Saudi Arabian large cities 

such as Riyadh, the capital city, Jiddah, 

Dammam and Mecca. 

Samsung will supply WiBro-related 

equipment and termina to Bayanat, the 

second-largest data communication 

provider in Saudi Arabia, for two years. 

Efforts of Samsung which has 

concentrated its energy on expansion of 

WiBro service starting with this year has 

resulted in the export of WiBro to the 

SK Telecom launches a Touch- 

Bookstore service based on the RFID at 

three outlets of Kyobo Book Center in 

Gwanghwamun, Gangnam and Jamsil for 

the customers to confirm information on 

books using their mobile phone on January 

19. 

People can use the new service by 

installing an RFID reader to their phone 

and touching the phone to the tag attached 

to the bookshelves. The service is 

available for summaries and readers’ 

review. SK will expand the service to 

work when purchasing and presenting 

books and to function as a shopping basket 

during the first half of this year. 

The new service is available for best 

sellers and newly published books in 

Gwanghwamun, Gangnam and Jamsil 

stores of Kyobo Book Center, and SK is 

Middle East, according to the sources. 

Since Sprint Nextel, a U.S. communication 

carrier, announced last year that it 

would import Samsung’s WiBro, major 

communication providers in the world 

started to take a keen interest in WiBro, and 

there has been an expectation that other 

companies will also introduce WiBro. 

Samsung Electronics is anticipating that 

export of WiBro will be accelerated from 

this year, because Omnivision of 

Venezuela and TVA of Brazil will commercialize 

the service during the first half 

of this year. 

In the Middle East, in particular, as 

there are many regions where laying the 

lines is difficult, it is better to establish 

high-speed Internet network in terms of 

period of network establishment and cost. 

As a result, an increasing number of companies 

will want to establish high-speed 

Internet network like Bayanat. 

going to expand the service to 12 outlets 

across the nation during the year. 

SK plans to add another function to the 

service so that the customers can purchase 

books using the RFID without having to 

wait at the counter and can send the book 

to home, as well as a function through 

which consumers can present a book using 

mobile phone number. In addition, the 

company will introduce a ``shopping 

basket’’ service through which customers 

can get the books in time of payment. 

Using this service, they don’t have to carry 

books which they have purchases. 

People with mobile phones installed 

higher than WIPI v1.2 which were put to 

market since June 2005 can use this 

advanced service free of charge. When 

inquiring related information, they pay a 

fee of 4.55 won per 1 packet (512 bytes) 

Samsung is trying to export WiBro to 35 

companies in 23 nations, with some of 

them already signing the contract or testing 

the service. 

Samsung Electronics’ mobile phone 

division president Lee Ki-tae said: “The 

export to the Middle East will be an important 

turning point for the WiBro to reach 

the whole world. We will make utmost 

efforts to make the Korean-led next-generation 

communication technology become 

the worldwide technology.” 

Abdulmajeed Elshawa, the CEO of 

Bayanat, said: “I believe the WiBro 

technology will bring a revolution to the 

communication market. If we combine the 

state-of-the-art WiBro technology of 

Samsung and the highest-quality service of 

Bayanat, we will certainly succeed in 

developing the next-generation 

communication market in Saudi Arabia.” 

SK Telecom Launches Mobile 

RFID Touch-Bookstore Service 

for using the data and subscribers to fixedrate 

wireless Internet service can use this 

service without additional charge. 

Marking the launch of the RFID Touch- 

Bookstore service, SK Telecom provides 

an event called Touch and Win Notebook 

for a month from January 19. Customers 

who use this service at Kyobo bookstores 

will get a mobile phone cleaner, while six 

of them will get notebook computers and 

2,000 will receive coupons with which they 

can buy books worth 5,000 won, through 

drawing lots. Lee Ju-sik, an executive of 

SK Telecom, said: “The mobile RFID 

Touch-Bookstore service is meaningful in 

that through mobile, the customers can use 

the service in their daily lives. The company 

is going to expand the service to other 

items closely connected with the daily lives 

and to other shops.” 

Cell Phone-Shaped Sculptures 

Dominate 20 Major World Airports 

Samsung Electronics has exhibited the 

value of a premium image of its brand by 

succeeding in obtaining another business 

to business contract in Mexico. 

Samsung said on January 15 that it was 

selected as an exclusive supplier of LCD 

for the second international airport due to 

be opened in Mexico City in February. 

Samsung won the contract after 

competition with other global firms and 

expects that it will be able to display its 

technological power and competitive edge 

using the opportunity. 

An official of the Mexico City airport 

said: “Due to high evaluation on trust and 

technological power of Samsung, the 

biggest mobile carrier in the world, we 

have decided to sign a contract with 

Samsung.” 

The new international airport, the 

biggest in Central and Latin America with 

annual users of 28 million, is expected to 

SK Telecom Co., the nation’s biggest 

wireless operator, and the Korean National 

Red Cross (KNRC) launched a mobile 

blood donation service in an effort to establish 

a mobile social safety network using 

communication technologies. 

SK Telecom and the KNRC agreed to 

cooperate for recruiting blood donors to 

secure emergency blood during a ceremony 

make contribution to enhancing value of 

Samsung brand. 

Earlier than this, Samsung supplied 50 

PDP monitors to the international airport in 

Monterrey, the second-largest city in 

Mexico, and signed a contract to 

exclusively provide PDPs to duty free 

shops in five major airports in the nation. 

Like this, Samsung is successfully 

displaying gateway marketing whose 

importance has been expanded day by day. 

Lee Hong-jun, an executive of Samsung 

Electronics Mexican corporation, said: 

“Airports are important marketing tools 

whose importance has been increased 

everyday. We will accelerate the gateway 

marketing so that we can strengthen 

customer reliability and our brand.” 

Samsung Electronics has been 

established LCD/PDP in major airports 

worldwide, including London’s New 

Heathrow Airport with the largest number 

Digital Mobile Blood Donation Service 

Hospital 

Location information of 

blood donation center 

Search for the nearest blood 

donation center using SK Telecom 

subscriber’s location information 

Emergency blood informing and blood donation 

center searching service [mobile blood donation] 

Request emergency blood 

Deliver blood to blood recipient 

Antena 

Web operation center 

Receive reservation for blood 

donation and grasping present 

situation of donated blood 

KNRC server 

Send related message to operator of KNRC web site 

and related region (Seoul) 

Log into wireless Internet 

SK Telecom network 

SK Telecom terminal 

[received message box] 

Written message arrives 

participated by SK CEO Kim Shin-bae and 

the KNRC president Han Wan-sang on 

January 9. 

The new pubic service is aimed at persuading 

subscribers of SK Telecom who 

are registered members of blood donation 

lists to participate in the blood donation by 

sending messages through their cell 

phones. The message will be sent to 

Samsung Electronics was selected as an 

exclusive supplier of LCD for the new 

airport of Mexico City 

of international line passengers, the Dallas 

Airport in the United States, the Santiago 

Airport in Chile, the Chek Lap Kok 

Airport in Hong Kong, the Lagos Airport 

in Nigeria and the Incheon Airport in 

South Korea. 

Besides, Samsung has established the 

cell phone-shaped sculptures in 20 major 

airports worldwide such as the De Gaulle 

Airport in France and the Moscow Airport 

in Russia. The company plans to establish 

new sculptures at airports at Cairo in 

Egypt, Istanbul in Turkey and Toronto in 

Canada, among others. 

150,000 SK Telecom subscribers out of 

270,000 member of the KNRC who want to 

donate their blood. Then volunteers can 

donate their blood at nearby blood donation 

centers using location information. 

Besides, non-registered members of 

blood donation lists also can take part in the 

service by logging into the wireless Internet 

using their cell phones. They can make 

reservation for blood donation and receive 

a service to find nearby centers through the 

Internet. 

To mark the ceremony for launching the 

service, executives and employees of SK 

Telecom donated their blood. 

SK Telecom CEO Kim said: “I am 

happy to join a campaign to resolve a social 

problem, the blood shortage, and I want 

various public projects of SK Telecom, 

such as mobile searching missing children 

and mobile message cop, using IT technologies, 

to help establishment of the 

mobile social safety network.” 



2007-02_12007.1.2407:9PM페이지82001채널맥(3443-0701) 

News Briefs 

Vienna Boy’s Choir 

Successful Vienna 

Boy’s Choir Korea 

Concert 

On the occasion of the 

Vienna Boy’s Choir Korea 

concert, Ambassador 

Wilhelm Donko and Mrs. 

Yan Donko held a welcoming 

party for them and Korean 

friends including some foreign 

envoys at the Austrian 

Ambassador’s residence on 

the evening of January 7. 

Before the start of the reception, 

the Vienna Boy’s Choir 

sang a repertoire in front of the participants and Ambassador 

Donko gave a priority to the Vienna Boy’s Choir to enjoy the 

food of the reception. Among the Seoul diplomatic corps Jakob 

Tobing, Indonesia Ambassador to Korea, was on hand with his 

Embassy staff. 

* Shinsung ENG Commits to Grow 

On the occasion of the company’s 30th Anniversary, 

Shinsung ENG (www.shinsung.co.kr) committed itself to grow 

as super first-class corporation in the field of semiconductor display 

equipment by accomplishing a 1 trillion won (US$1.07 billion) 

turnover by the forthcoming 2010. Shinsung ENG constructed 

the company’s unrivaled location within related business 

circle by localizing its Fan Filter Unit, especially in clean 

room facility field for the first time in the same business circle. 

* Annual New Years Greeting Parties 

Annual New Year greeting parties, organized by the Korean 

Chamber of Commerce and Industry (KORCHAM) of Seoul 

City, the Construction Association of Korea, the Korea 

Association of Machinery Industry, and the Korea Tourism 

Prime Minister Han Myeong-sook shakes hands with Sohn Kyungshik, 

chairman of KORCHAM at its New Year Greeting Party 

Association were linked in a row in January. Prime Minister 

Han Myeong-sook who was on hand at an annual New Year 

greeting party with entrepreneurs organized by KORCHAM and 

held at COEX Seoul on January 4 said: “The job problem can’t 

be solved by the efforts of the government or corporations alone. 

When the government, corporation and university are worried 

together, talent to tailor to the needs of corporation or new jobs 

can be generated.” 

In an annual New Years Greeting party, organized by Seoul 

City, a host of Ambassadors from the Seoul diplomatic corps 

showed up including US Ambassador Alexander R. Vershbow, 

Austrian Ambassador Wilhelm Donko, Ireland Ambassador 

Conor Murphy, Slovakia Ambassador Pavel Hrmo and more. 

Mayor Oh Se-hoon, Seoul City, who attended the New Year 

Greeting Party, said: “Seoul City will focus more on its city 

brand marketing this year. Seoul needs its own unique brand 

that represents itself well, and the brand will be strengthened by 

developing high value-added creative industries. Above all we, 

the public servants, should be asked for many creative ideas to 

be implemented.” He also added that he and city government 

officials would devote themselves to make Seoul advance to join 

the ranks of the ten most competitive cities in the world with the 

goal of attracting 12 million visitors by 2010.” 

* KAIST Commits Itself to Excellence 

This Year’s KAIST Alumni Award Winners 

For their alumni, the Korea Advanced Institute of Science & 

Technology (KAIST) held its annual New Year greeting party at 

the Marriott Hotel Seoul on January 13 this year. President Suh 

Nam-pyo, who was on hand, stressed through his new year 

speech: “KAIST’s goal is to make one of the best universities in 

the world, touching upon the fact that the merits of a great university 

are to generate future leaders and to produce scholarly 

output that will shape the way other scholars think and work.” 

* Adobe Systems to Focus on Special Field with 

Acrobat 8 

Through the company’s press conference, Adobe Systems 

Korea announced its new product, Acrobat 8. A special feature 

of its Acrobat 8 is that it enhanced user’s convenience so that it 

may convert diverse format’s files such as office documents, 

web documents, e-mail, images, and multimedia easily and fast 

into a PDF pile. Adobe Systems Korea plans to unfold its business 

to grow 30% in comparison to last year, focusing on special 

fields such as printing, publishing, construction, manufacturing, 

and engineering. 

8 2 _ February 2007 KOREA IT TIMES

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