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Seoul to revise free childcare policies, Local fuel prices falling, Council 'demands halt' to China FTA talks, Policy boosts business at traditional markets
Writer : G. Nikitas Brountas Date : 2012-07-05 Hit : 419

Seoul to revise free childcare policies

Will be based on income level


The national government is going to revise its free childcare policies for infants through two-year-olds as well as youngsters aged five. 


The Ministry of Strategy and Finance says it's working to amend regulations so that service is matched to the recipients' income level.


From March, all families, regardless of income, have received free childcare for children up to two years in age and then free preschool for five-year-olds. Officials say that's changing because it has begun costing local governments too much to pay for their portion of the service.


 


Local fuel prices falling

2,080 April 16; 1,887 July 4


Fuel prices in Jeju continue to fall. According to the Korea National Oil Corporation's oil price information website (오피넷) 'Opinet,'


the average price of a liter of gasoline on the island was 1,887 won July 4th.


It hit an all-time high of 2,080 won April 16th. It remained high for some time, before breaking the 1,900-won marker and dropping to 1,891 won June 26th. Prices have continued to fall since then. 


 


Council 'demands halt' to China FTA talks

Says deal would lead to 'collapse' of farming, fishing sectors


The Jeju Provincial Council has demanded a suspension in negotiations on a free trade agreement between South Korea and China.


The council says it's evident the FTA will lead to a collapse of the island's fishing and farming sectors. In its resolution, the council says the talks must stop until the island comes up with strong measures to protect the primary industry through the revision of quarantine checks and other systems.


The council also demanded that mandarins and other major local crops be excluded from any agreement that is signed and listed as items quote/unquote "most vulnerable" to a trade deal, and therefore deserving of some protections.


 


Turning to Arirang now, the Korean and world economies struggled in the first half of 2012. Will the second half be any better? Arirang's economics correspondent Hwang Sung-hee (황성희) talked to the head of the international finance team at the Korea Institute of International Economic Policy for the answer.




"Korea's finance ministry recently cut its growth outlook for Korea to 3.3 percent. This is bad news, of course, but how is this compared to other major economies around the globe?"


[Interview] Huh In / Korea Institute for Intl. Economic Policy

"Due to the worsening European financial crisis, the expectation on economic growth has been cutting down worldwide. So basically, the IMF expectation on the U.S. economy has been cut down by about 0.2 percentage point, so it's about on the same line. Our economy is slowing down together with the world economy."


Dr. Huh is one of many economists who blame the prolonged eurozone debt crisis as the main reason for the global economic slowdown.


But he says the latest countermeasures, such as the EU leaders' agreement to recapitalize Spain and Italy's ailing banks,... provides a flicker of hope for a better second half.


[Interview] Huh In / Korea Institute for Intl. Economic Policy

"At the end of last month, the EU countries have agreed on some countermeasures such as the EFSF will be buying the problem bonds. So probably, it will calm down the financial markets and the world economy will be better off if we have some stable financial market."


[Brighter economic outlook in second half]

Fortunately, Korea is not taking direct blows from the worsening eurozone crisis.

Take, for example, China... who ships 20 percent of its goods to the troubled region.

Due to decreased demand from Europe, China's purchasing managers index, or PMI remained below the 50 point range for the eighth straight month in June.


A reading below 50 means that manufacturers' are feeling pessimistic about the nation's business conditions. However, that doesn't mean Korea is completely safe.


[Interview] Huh In / Korea Institute for Intl. Economic Policy "Basically, if we think about our destination of exports, only around ten percent is going directly to European countries but 25 percent, or quarter of our exports is headed to China. (dissolve) So we have to watch for how the Chinese economy does and how the Chinese government makes some countermeasures against the economic slowdown."


[Reporter ] Hwang Sung-hee

"Coming back to Korea, how will these external uncertainties affect the Korean economy?"


[Interview] Huh In / Korea Institute for Intl. Economic Policy

"Basically, our exports have slowed down for the first half of this year. And because due to the base effect, the second half will be little bit better off, but we will be facing the slowdown from external demands."


[camera ] Kim Jin-hyub

One way to prepare for slowing overseas demand for this trade-dependent nation, according to Dr. Huh, is to substitute external demand with internal demand... and in doing so, he says, a 3-point-3 percent growth could be an achievable goal.

Hwang Sung-hee, Arirang News.


 


Staying with Arirang for one more story, almost a year has passed since the city of Pyeongchang won the bid to host the 2018 Winter Olympics. And Wednesday the event's organizing committee gave an update on progress made so far, which includes a big change in plans. Our Song Ji-sun (송지선) reports.


 


Pyeongchang's ski jump facility in Alpensia... will NOT be used as the main venue for opening and closing ceremonies of the 2018 Winter Olympic Games.


The original plan... was to expand the current 10-thousand seating venue... to a capacity of 50-thousand for the two largest events.


[Interview] Kim Jin-sun / President, Olympics organizing committee

"Through detailed analysis, it turned out that occupying the facility for the ceremonies could conflict with the training schedules of ski jump athletes... and access to and from the ski jump is not ideal.


We have decided to set up a new hub for the ceremonies, under the name Olympic Park in Hoenggae(횡계) -- just two kilometers away from Alpensia."


[Pyeongchang to set up new space for ceremonies]

Spanning over 80-thousand square meters, the Olympic Park will be the center of festivities, complete with attractions for visitors.

The ceremonial site will be disassembled after the event.


[www.pyeongchang2018.org ]

The organizing committee also launched its official website Wednesday available in Korean, English and French.


Visitors will be able to obtain the information they are searching for in just two clicks -- on computers or through mobile devices.


[ camera ] Hong Myung-ho

Pyeongchang's crew still has a list of item to cross off its to-do list -- such as preparing a masterplan for the IOC... and visiting Olympic host cities -- starting with London this month.


(Stand-up) Song Ji-sun

"Although there are six more years to go... the organizing committee says it has to have the infrastructure ready in four-and-a-half years... to test the venue through pre-games before the actual games in 2018.

Song Ji-sun, Arirang News.


 




"Hodduk" is kind of a rice pancake stuffed with brown sugar and mixed with nuts, and Kim Min-young, the CEO of King Hodduk is widely-viewed as one of the top cooks of the delicacy. As Kim Hyun-jung now reports, KCTV recently sponsored a special class by him right here in Jeju.




First you stuff the chewy dough with brown sugar and mixed nuts, and then drop it onto the frying pan. Here, we have "hodduk".


After losing his fortune in the stock market, it was "hodduk" that helped this man back onto his feet.


Kim Min-young started selling "hodduk" as a street vendor, but now he has more than 130 franchised shops around Korea. KCTV invited him to Jeju and held an event to share his hopes and happiness with migrant wives.


[ Interview : Kim Min-young ]


This is the session in which migrant wives can learn how to make "hodduk" from CEO Kim in person, and try to make it themselves. From making dough through to toasting properly, they are writing down every detail in order to pick up as many tips as possible.


It was rather difficult to make the sweet snack for the first time, but there were smiles all around when they literally tasted their success


[ Interview : Chuntuitizzang ]


The "hodduk" made that day were delivered to senior citizens centers, and to facilities for the disabled.


The price of a "hodduk" is mere 500 won. However, nothing less than priceless love and devotion were delivered thanks to this event.


Kim Hyun-jung, KCTV.




Policy boosts business at traditional markets

5.5% increase in sales when large retailers closed


Local traditional markets are benefiting from a newly-enacted policy that forces large retailers to close down two days per month.


The provincial government and the Jeju Merchants' Association commissioned a survey of sales at traditional markets June 23rd, one of the days the big stores remained closed. Compared to the previous week, sales were up an average of five-point-five percent.


(서문) Seomun Public Market saw the biggest jump, at 10.4 percent. It was followed by Seogwipo Maeil Olle Market's 8.5 percent, (도남) Donam Market's 8 percent, and the 7.4 percent spike in business at (동문) Dongmun Fish Market.


 


Policy boosts business at traditional markets

5.5% increase in sales when large retailers closed


Local traditional markets are benefiting from a newly-enacted policy that forces large retailers to close down two days per month.


The provincial government and the Jeju Merchants' Association commissioned a survey of sales at traditional markets June 23rd, one of the days the big stores remained closed. Compared to the previous week, sales were up an average of five-point-five percent.


(서문) Seomun Public Market saw the biggest jump, at 10.4 percent. It was followed by Seogwipo Maeil Olle Market's 8.5 percent, (도남) Donam Market's 8 percent, and the 7.4 percent spike in business at (동문) Dongmun Fish Market.


 


Woo goes out on 'rainy season' inspections

Governor visits National Typhoon Center, Han Stream reservoir


With the arrival of the rainy season, Governor Woo Keun-min visited the National Typhoon Center and the Han Stream's first reservoir Wednesday to boost employee morale and inspect the facilities.


Woo asked the staff at the typhoon center to inform the provincial disaster and safety department of expected storm paths before they alert other regions.


At his next stop at the reservoir, he urged employees to immediately remove any earth or sand that piles up after typhoons or downpours and be timely in opening and closing the floodgate to prevent any flood damage.


 


Today on our In the News segment, we take a closer look at the Jeju Provincial Development Corporation.


Now, the JPDC was established in the mid-nineties to ensure that the island's spring water be developed as a product and sold in a responsible manner.


It is actually behind a number of products, but it is most well-known for the locally-bottled water called Jeju Samdasoo.


The corporation recorded record sales and profits in the first half of this year.


 




▶ The play 'If I Were With You' will be performed this weekend at Jeju Culture and Art Center.




Title - Play 'If I Were With You'


Details - Romantic Comedy


Date - July 6, 7 at 7:30 PM


Location - Jeju Culture and Art Center


 


▶ The play 'Daytime Drinks' will be staged Sunday at Halla Art Hall.




Title - Play 'Daytime Drinks'


Details - Award-winning cast


Date - July 8


Location - Halla Art Hall




▶ A local pottery club is hosting its 11th annual exhibition through July 11th.




Title - 'Jeju Stones and Winds'


Details - Local potters


Date - Through July 11


Location - Jeju Culture and Art Center




▶ Jeju Ensemble Joon is performing Friday at Jeju Culture and Art Center.




Title - 'Jeju Ensemble Joon'


Details - Beethoven


Date - July 6 at 7:30 PM


Location - Jeju Culture and Art Center


 


[MOVIE]


▶ A young Baltimore detective teams up with Edgar Allan Poe to stop a murderer in "The Raven."


Title - The Raven


Genre - Thriller, Mystery


Age - Over 18


Theaters - Lotte Cinema Jeju, CGV, Primus


 


[MOVIE]


▶ A family travels to the French capital for business in "Midnight in Paris."




Title - Midnight in Paris


Genre - Comedy, Romance, Fantasy


Age - Over 14


Theaters - CGV

Links http://www.kctvjeju.com/a/201207/120705n5.asx
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