On April 30, 2008, at the 2nd Conference of the Special Presidential Committee for National Competitiveness under the supervision of new president LEE, Myung-Bak (whose administration was inaugurated last February), the Korean National Competitive Council made resolutions to substantially open the door to globally talented people.

[Source: Joongang Daily]

[Editor’s Note:

Editor’s note:

The below articles describes a new antitrust rule that the Fair Trade Commission is trying to enact and the strong objection coming from business community. The newspaper article is followed by an editorial of the same paper criticizing the new planned rule of the Fair Trade Commission.

Under Korean law, a court could issue arrest warrants only when there is a risk of flight or harm to the public or if a suspect were thought to have an opportunity to destroy evidence.