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Foreign media taken by surprise after sovereign rating ...
Sep 11, 2012
Last week's upgrade of Korea's sovereign debt rating by Fitch Ratings to AA-, a step higher than Japan and China's, shows a vote of confidence in the country's economy, as reported throughout the foreign media. The successive upgrade by Moody's Investors Service and then by Fitch...


Jewelry companies making a U-turn to Korea
Sep 06, 2012
Decades after moving their factories overseas, a dozen Korean jewelry companies are making a U-turn back to Korea in a bid to take advantage of the eliminated tariffs resulted from FTAs with the European Union and the United States. This is the first success of the government ini...


Korea's financial sector transitions to paperless
Sep 03, 2012
As part of efforts to implement more environmentally friendly policies, Korea’s financial sector has rolled out a new initiative to cut down on paper waste by utilizing electronic documentation. Major banks and insurance companies across the country will be expanding their electr...


Moody’s raises Korea’s rating by one notch
Aug 28, 2012
Moody's Investors Service raised South Korea’s sovereign debt rating on Monday by one notch from “A1” to "Aa3," mentioning the country's strong fiscal fundamentals, economic resilience, and reduced geopolitical risks from North Korea. The new rating is the appraiser's fourth-high...


Korean brands sought out for quality, style
Aug 14, 2012
As the international reputation of Korean-made products from Korean companies like Samsung and LG continues to advance, the question of what distinguishes Korean brands from their competitors has emerged as a common topic of discussion among market watchers. A special feature in ...


Major UK markets stock items ‘made in Korea’
Aug 10, 2012
Korean products are finding their way to London where the fever of the 2012 Summer Olympics runs higher and higher.The promotion event named Taste of Korea, organized by the Ministry of Knowledge Economy in collaboration with Korean Trade and Investment Agency (KOTRA), takes plac...


Korea FTA Updates: Turkey and Peru
Aug 08, 2012
The beginning of August saw significant developments in Korea’s expanding international trade network. Korea-Turkey FTA: A new chapter Negotiations for a free trade agreement (FTA) between Korea and Turkey were finalized in Ankara, Turkey on August 1. Trade Minister Bark Tae-ho a...


KORUS FTA drops prices of imported goods
Jul 12, 2012
The Fair Trade Commission (FTC) recently announced the analysis results of the prices of major imported products from the U.S. to Korea. According to the results, the prices have been dropped since the Korea-US FTA was implemented on March 15 this year. As of June 14, prices dro...


Korea’s overseas construction orders exceed USD 500 bil...
Jul 10, 2012
In 1965, Hyundai Engineering & Construction won an order for the Pattani-Narathiwat Highway project in Thailand; it was the moment that Korea took its very first step into overseas construction markets. Almost half a century later, the cumulative amount of signed overseas con...


Korea-EU FTA expands investments into Korea
Jul 02, 2012
The Korea-EU Free Trade Agreement (FTA), which marked its one-year anniversary on July 1, has expanded Korea’s exports to the EU and contributed to increasing foreign direct investment (FDI) in Korea. The Institute for International Trade under the Korea International Trade ...