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Chile, Iran to adopt Korean water resource tech
Jul 29, 2016
Eduardo Abuauad (left), CEO of Essbio, and Lee Jin Ho, director of waterworks at the Korean Water Resources Corporation, pose for a photo on July 20 after signing an agreement on a non-revenue water (NRW) reduction project in Talca, Chile. Korea's water resource management ...

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Korean fintech makes inroads in UK
Jul 26, 2016
JY Tech, a Korean fintech startup, signs a USD 250,000 research investment deal with Standard Chartered Bank during the 'Korean Fintech Open-day' held on July 22 at Level39, a startup center in London. A range of innovative, financial services offered by Korean fintech compan...

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NH Farm brings healthy produce to world markets
Jul 14, 2016
Representatives from the National Agricultural Cooperative Federation announce the new brand NH Farm, an umbrella brand that will cover many of the cooperative's agricultural exports, on July 13 in Seoul. A new brand that symbolizes the quality and safety of Korean agricultural...

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FDI in Korea hits new record high in 1st half
Jul 07, 2016
Foreign direct investment (FDI) into Korea hit a record high in the first half of this year. The Ministry of Trade, Industry and Energy announced on July 4 that the officially registered amount of FDI in the first half of the year rose by 18.8 percent to USD 10.52 b...

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Korean transport systems gain international recognition
Jun 28, 2016
Two cities in New Zealand, Wellington and Auckland, have been using transport card systems based on Korean technology since 2008. The photo above shows commuters in Wellington using the transport card system to pay their bus fare. New Zealand, Malaysia, Mongolia, Colombia… T...

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Korean, UK producers collaborate on documentaries
Jun 22, 2016
MBC and the U.K.'s Zigzag Productions have agreed to the joint production of a three-part documentary about artificial intelligence, and signed an agreement to that effect on June 13 in London. Korean and U.K. TV producers will now be working on the joint produc...

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Korean fintech expands to Southeast Asia
Jun 20, 2016
Korean firm Fintech Magic holds a meeting with Cambodian businesspeople at Fintech Demo-day in Cambodia, in Phnom Penh on June 13. Korea's fintech startups have expanded their reach into Cambodia and Singapore. Financial technology, also known as fintech, descri...

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Korean cosmetics on the rise in Poland
Jun 16, 2016
A panel of industry professionals discuss ways to vitalize collaboration between Korean and Polish cosmetics companies at the K-Beauty in Poland trade fair on June 10 in Warsaw. The popularity of Korean cosmetics has spread to Poland. The export of Korean cosme...

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High-speed electric trains to hit tracks by 2020
Jun 09, 2016
Korail, the national railway operator, has selected Hyundai Rotem to supply EMU-250 high-speed electric train cars for the Gyeongjeon Line, linking the Gyeongsangnam-do and Jeollanam-do provinces of Korea. The trains, with a maximum speed of 250 kph, are expected to compete for c...

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Korea, France to cooperate on new industries, cross-bor...
Jun 03, 2016
President Park Geun-hye speaks at the Korea-France Business Forum in Paris on June 2. The president, currently on a state visit to France, suggested that the two countries cooperate on new industries of the future and on cross-border startups. President Park Geun-hye has ...