President Lee Myungbak prescribes a strong role for government in addressing the liquidity and domestic consumption issues that are slowing the Korean economy. Present Lee dismissed claims of an economic crisis in Korea while presenting the 2009 budget to parliament on October 27. Korea's economy is heavily reliant on exports, and there have been concerns that the global economic slowdown would hurt some of Korea's most productive industries, as they depend on foreign buying power to thrive. The... [2008-11-07]

The Korean economy is facing its biggest challenge since the 1997- 1998 Asian financial crisis as the fallout from the Wall Street meltdown creeps into the economy. Now, the domestic economy is showing signs of slipping into recession with sluggish domestic demand and slowing exports. The national economy expanded just 0.6 percent between July and September, the weakest growth in four years, while exports contracted 1.8 percent during the same period. The current account deficit reached $12.6 ... [2008-11-07]

  Apanel of experts met at The Sports and Technology Conference held in London ahead of what is promising to be the world's biggest ever carnival of sport - this month's Olympic Games in Beijing. They asked how important new media would be to the Olympic Games and attempted to answer the question: "Will Beijing 2008 would be the first actual digital Olympics?" The Olympic Games: A myriad property? The sheer televised scale of the Beijing Olympic Games to be held this month will be nothi... [2008-08-11]