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Korea’s mobile phone industry to take new shape
Nov 18, 2011
A new cellular network policy will allow mobile phone users to purchase their mobile devices from a variety of distribution channels (Photo: Yonhap News).Come May 2012, picking and choosing will become the norm for mobile phone users in Korea. The Korea Communications Commis...

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Corporate philanthropy resonates with the spirit of cre...
Nov 18, 2011
Korean enterprises have been promoting art through different channels: collecting, sponsorship, and more recently, incorporating artistic components into product design or even advertisement campaigns, contributing significantly to the development of arts scenes in Korea. The 201...

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Korea becomes Vietnam’s top investor
Nov 17, 2011
Korean companies are actively advancing into Vietnam in various sectors including distribution, logistics, and construction. Vietnam is gaining attention as a hub of the Association of South East Asian Nations (ASEAN) and for its rapid growth as a manufacturing base and market in...

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Special feature by the Economist: What does Korea do wh...
Nov 17, 2011
The British weekly magazine the Economist featured a special piece about the Korean economy on November 14. It looked at Korean economic development and its current status along with the direction that the country needs to aim to maintain its growth. The article pointed out that...

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Korea-EU FTA increase Korea's automobile exports
Nov 04, 2011
Korean automobile exports to the EU have increased by 110% after the EU-Korea FTA went into effect. Trade with other countries that signed an FTA with Korea has also increased. According to a report on the effects of the FTA published by the Ministry of Strategy and Finance on ...

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Korean banks run foreign employees training programs
Nov 04, 2011
KEB started training programs that invite overseas employees to Korea for the first time in Korea. (Photo: KEB)Korean Banks are inviting their overseas employees to Korea to offer them various training programs. The programs are mostly conducted to inform them about Korean cultur...

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Financial services for foreign nationals in Korea to im...
Oct 20, 2011
As the number of foreign nationals residing in Korea has exceeded 1.2 million, exclusive financial services dedicated to them have also increased and diversified. In the last couple of years, services for overseas remittance have especially increased. Some banks now open on Sunda...

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Design Korea returns home in glory, hosts Seoul event f...
Oct 19, 2011
Designs from the Next Generation Design Leaders were presented at 100% Design London this September. From left above, clockwise: Half Beverage and Half Coin Bank by Park Jiwon; Hidden Light by Woo Giha; Tea Diver and Tea Fishing by Yoon Sungmun (Photos courtesy of the Korea Insti...

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Foreign investments in the Korean online game market in...
Oct 14, 2011
Foreign investments in the Korean online game market are rapidly increasing.A number of foreign gaming companies such as the American company Riot Games and Chinese online game companies Tencent and The9 Limited have declared their intention to make inroads into the Korean video ...

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Peru FTA boosts Korea's economy
Sep 29, 2011
Since the free trade agreement with Peru went into effect a month ago, Korea’s exports to Peru have grown rapidly, and Korea's national trade with Peru has turned a profit. According to the Ministry of Strategy and Finance, Korea exported a total of 128,679,000 USD to Peru in Au...