HELLO from KOREA

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13 _ Korea in Brief Mass being read in a Korean Catholic church (left), One of the largest Korean Protestant churches,Yeongnak Presbyterian Church (right). He performs his executive functions through the State Council. With the President as its chairman and the Prime Minister as vice chairman, the council, similar to the cabinet, has as its members the heads of 19 ministries. Legislative power is vested in the National Assembly, a unicameral body. Currently, the National Assembly consists of 243 members who are elected from as many districts by popular vote to a four-year term, and 56 members selected in a proportional representation system among political parties winning more then 3 percent of the total votes cast. The judiciary of Korea consists of three levels of courts: the Supreme Court, High Courts, and District Courts including the specialized Patent Court, Family Court and Administrative Court. The courts exercise jurisdiction over civil, criminal, administrative, electoral, and other judicial matters, while also overseeing affairs related to the registration of real estate, census registers, deposits, and judicial clerks.
14 _ HELLO from KOREA Economy Korea has many world-class industries such as electronics, textiles, petrochemicals, steel products, automobiles, construction and shipbuilding. From a country nearing bankruptcy, Korea has turned itself into a creditor country with the world's fourth largest foreign exchange reserves totaling $160 billion. Despite the synchronized global slowdown, Korea is posting a sound growth of 5 to 6%. The country has made its mark as an information technology power. The world's leading credit rating agencies, which once downgraded Korea's sov-ereign credit rating to non-investment grade, upgraded Korea's rating back to A-level. The government implemented sweeping reforms in the four key sectors of financial, corporate, labor and public. Under the conviction that reform is a never-ending process, Korea's reform measures were institutionalized through a new set of rules and regulations. Information infrastructure, such as broad-band internet, was expanded to cover the whole country, making Korea a new IT superpower. Korea stands to improve the overall business environment for the goal of emerging Northeast Asia's new business center. Given the geographical proximity to China, Northeast Asia as a region expects to emerge as a major economic powerhouse. In order to take advantage of geopolitical factors, Korea is making active efforts to emerge as the logistic and finance center of the Northeast Asian region.
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http://www.korea.net Visit korea.ne
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HELLO from KOREA

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