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Citizens vote during the midterm elections 07 November, 2006, at a polling station located in an car dealership in Glendale, California, 10 miles (16.6 km) north of Los Angeles,California. Republican control of Congress is in the balance today as voters cast their ballots across the nation. Democrats mining public discontent over President George W. Bush's war in Iraq battled to break the Republican stranglehold in Congress Tuesday, as millions of Americans went to the polls. Democratic leaders predicted they would recapture the House of Representatives for the first time since 1994, but needed to pull off a less likely clean sweep of battleground seats to seize the Senate. AFP PHOTO / Robyn BECK
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President Roh Considers Cultivating Local Companies
It is reported that President Roh is likely to consider cultivating special measures for balancing local development and facilitating local economies. During a Foreign Investment Festival hosted by the Ministry of Commerce and the Korean Trade-Investment Promotion Agency, he addressed the investors, “In conjunction with balanced local development, there are more influential measures needed for balancing local developments and we are currently researching necessary policies for it,” adding, “I have heard from many company owners in the provinces that more progressive policies are needed for local development.”
President Roh, at a luncheon with members of the third Presidential Committee on Balanced National Development, stated, “It is high time to review whether new policies are needed for balanced national development, as in analyzing and evaluating government policies.”
He asked the members to review previous policies, whether they are effective or not. He stressed, “Local governments’ autonomous endeavors to innovate themselves are key for balanced national development,” adding, “The central government only has to play a role in consulting and supporting their innovative endeavors.”
He said finally, “This is the only way to block Seoul-oriented development, to resolve its overpopulation and the lack of housing in Seoul. It can be accomplished through solid policies for balanced national development.”
It is expected that the central government is likely to support local companies by offering tax cuts and mitigating regulations for activating local businesses.
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 / 입력시간: 2006. 11.04. 08:57
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