November
12, 2002 American Monk
Opens New Zen Center Remember:
Real estate market is in a slump Land and home purchases dramatically declined by between 10 to 33 percent from July to September. Although real estate prices are increasing in Busan, the market is depressed. Therefore, real estate experts expect that prices will decrease. According to Korea Land Construction, 41,320 real estate transactions took place from April to June, but only 33,925 transactions occurred between July and September. Land purchases decreased by 18%, and the size of the land purchased decreased by 30%. 21,889 apartments were purchased from July to September, whereas 24,359 apartments were purchased between April and June. Dandog (one to two story house) purchases decreased from 5,355 to 3,596 during the same time period. Commerce building purchases fell from 1,772 in the spring to 1,366 in the summer, a decline of 23% in number and 24% in size. The number of industrial sites purchased increased, but the size of the sites decreased from July to September. An official of Korea Land Construction stated that high real estate prices have caused the real estate market slump. Translated by Dong Chan BCCI will offer electronic signature certification The Busan Chamber of Commerce and Industry will provide nationally approved electronic signature certification beginning on November 15th. BCCI cooperated with the Korea Information Certification Authority Inc. in order to begin issuing the officially approved electronic signature certification in the Busan, Kimhae, and Yangsan areas. The electronic signature certification is nationally approved for various purposes, including Internet banking and investing, electronic contracts, and electronic trade. Presently, at electronic bids, some major organizations require this nationally approved certification, including major government offices. Companies in Busan, Yangsan, and Kimhae areas can obtain this certification within one to two days after registering at the Electronic Signature Registration Center of BCCI. BCCI will offer seminars and educational programs to inform customers of the benefits and practical usage of electronic signature certification. Translated by Ha Sun Ha
Lotte is celebrating its 23rd anniversary by holding a draw for a 200,000,000 won apartment. Approximately 60,000 people have entered the draw. Although the purchase of Lotte products was not required for entry, sales have increased since the draw was announced. The apartment is called World Meridian and is located in Geoje-dong. World Construction provided Lotte with the prize apartment, an example of Win-Win Marketing. World Construction hopes to gain popularity, and Lotte anticipated increasing sales. The winning ticket will be drawn at the main entrance of Lotte on November 17th. Translated by Lee Hwa Busanites ask presidential hopefuls for a futures company Busan citizens
have suggested that presidential candidates need to adopt a platform promoting
futures development in Busan. Specifically, they want a futures association and
a futures company to be invited to Busan to boost the citys economic growth. Translated by Song Ji-mi
Deluxe apples go on sale at post offices
The Busan
Regional Communications Office has begun direct marketing of Miryang oel-eum-gol
apples, which grow in the alpine region of Miryang. Translated by Hong Shin-ae
Smoking Prohibited and violators expelled from HighSchool The principal of Daejin high school (in Jangjeondong near PNU) requires a written pledge from students berore they enter his school. If students violate teh pledge, they are required to withdraw from Daejin Hish School and find another to attend. Since1997,the
school has maintained a "three no campaign". The three no's are no smoking,
no violence, and no absence without reason. The school has also abolished field
trips and picnics. Instead of these recreational activities, they conduct a training
program of physical and mental self development (including calesthenics, mediation,
and refective activities). Translated by Lee LeeHwa Mega Mart begins cyber shopping and deliver Mega Mart will offer on-line shopping to customers living in the Namcheon area beginning on Nov. 11th (www.mega-mart.co.kr). The Internet shopping mall will carry 25,000 products, including home appliances and food, and the on-line prices will be the same as in-store prices. Existing Internet shopping malls take from two to seven days to deliver products, whereas Mega Mart promises delivery within a day, and same day delivery if the order is placed before 6:00pm. Fresh produce and meats will be delivered three times a day, at 11:00am, 3:00pm, and 7:00pm. Products can be purchased using credit cards or cash. Female delivery people will be employed in order to alleviate any anxiety housewives may experience when having a man in their homes. Although the delivery service will be limited to the Namcheon area at first, there are plans to extend the service area in the future. Translated by Kim Dong Chan Post-exam brawlers
get arrested Hotels made 10 billion won during AG During the Asian Games, the hotels in Busan, Ulsan, and the surrounding area earned about 10 billion won from the AG organizing committee. Lotte Hotel, the headquarters of the AG, earned about 2 billion won; the Paradise Hotel made about 720 million won; and the Grand Hotel made about 500 million won. These earnings only include accommodation charges. If food and drinks were included, the total would exceed 20 billion won. Translated by Park Joo Bin Darangee Village wins Special Prize Darangee Village won the Special Prize at the 2002 Green Management Awards. The Rural Development Administration presented the prize to the village leader, Kwon Jeong Do, at the Convention Center in the Seoul Grand Hotel on Nov. 7th. This is the first time the award was given to a village rather than an individual or small group of people. Darangee Village is a traditional rural theme village located in Namhae-Gun, Kyeongnam. The village is a popular place for people to experience rural life, and is comprised of 58 households and150 residents. In April, Darangee Village and the Agricultural Science and Technology Center in Namhae created a tour company that offers two-day/one night tours of the rural village. For more information on Darangee Village, visit the Namhae-Gun Homepage at http://www.namhae.go.kr, or call 055-862-7996. Translated by Ha Sun Ha | |
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