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* Date : 2013-10-18

Issue
South Korea exports environmental business master plans
-Part 2: Future environmental businesses
Environmental pollution is a serious problem the world has to solve together. South Korea's small and medium sized companies actively engaged in businesses that enhance environment are showing stellar performance in abroad as their outstanding technologies gain recognition from overseas markets. South Korea intends to propose master plans of the environmental business. What directions will the future environmental industry take? And what support is the South Korean government providing to stay ahead of the curve? Let's take a look at the examples at home and abroad and find out more.



Interview
Accomplishments from President Park Geun-hye's trip
Interviewee: Dr. Kang Daechang, The Korea Institute for International Economic Policy(KIEP)
President Park Geun-hye has debuted on the multilateral diplomatic stage in the Asia Pacific region by visiting Indonesia and Brunei and attending APEC summit during Oct. 6-8. President Park met leaders of APEC, ASEAN as well as China and Japan. She also had a summit with Indonesia's president. What did President Park accomplish during the trip?
The latest visit placed emphasis on regional economic cooperation, or so-called sales diplomacy. We will talk to Dr. Kang Daechang at Korea Institute for International Economic Policy (KIEP) why Asia-Pacific region, especially ASEAN, is important for the South Korean economy.




ICT
ICT technology embedded in silver industry
As South Korea enters an aging society, the ICT industry is introducing various services specialized for the elderly people. SK Telecom's 'Hyo Dream Telecare' service provides an exclusive telephone, motion detector and emergency pager to a single elderly household. Separately, the Ministry of Health and Welfare introduced smart phone 'Launcher' designed for senior citizens who are not familiar with touch screen. With this launcher, they can easily use services related to emergency medical information, dementia checkup, hospital information and health information portals. In silver towns and sanatoriums, robots are popular these days. Electronics and Telecommunications Research Institute and a domestic robot maker have jointly developed a technology which can check the health of elderly people. When an elderly person wears a device, a robot can check the person's location and recognize the person's behaviour. Amid an acceleration in aging of population, ICT technologies are increasingly embedded in the silver industries. Let's find out more about this.




Hidden champions
Paseco, the world's top kerosene heater maker
Paseco has been manufacturing kerosene heaters for 39 years. During the 1990s, it turned its eyes to overseas markets as domestic sales fell amid an economic development and a change in housing types. Thanks to its continued efforts to research and develop technologies, it has obtained safety certifications from major countries such as the U.S. and Japan. It is currently exporting its heaters to 40 countries, including North America and the Middle East. It holds the biggest market share in the global kerosene heater market. Amid the latest boom in camping, it is hoping to take the leap again in the South Korean kerosene heater market with its heaters for camping. Domestic kerosene heater industry has been regarded as a fading industry. We will explore the technology and success of Paseco which has grown into a global kerosene heater company.




North Korea
Attractiveness and limits of North Korea as an investment target
In a series of interviews with foreign media, Wall Street's legendary investor Jim Rogers has repeatedly said that it would be good to invest in North Korea now to get ready for unification of the Korean peninsula. Experts on North Korean economy have also said the only way to revive the North Korean economy is to attract foreign direct investment. In its efforts to attract foreign investment, North Korea has reportedly revised rules on foreign investment at the end of 2011 and recently held an investor briefing to attract foreign companies. It is also accelerating development of a special economic zone. But many people still doubt that North Korea can succeed in attracting foreign direct investment amid Pyongyang's continued provocations which result in international sanctions. In this week's Bizline, we will explore the attractiveness and limitations of investment in North Korea.




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