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Chinese tourists boost sales in Korea
Sep 26, 2011
Chinese tourists are buying up Korean products while traveling in Korea. According to data from Hyundai Department Store, its sales to Chinese tourists increased 125% from the same period last year, and data from Lotte Duty Free Shop shows that sales to Chinese in September acco...

2011 Frankfurt Motor Show kicks off
Sep 09, 2011
Kia's KED-8 (Photo: Yonhap News) One of the three major motor shows of the world, the Frankfurt Motor Show will be held in Germany from September 15 to 25 with the slogan "Future comes as standard." A total of 1007 automobile companies from 32 countries will participate in the e...

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Korean franchises to advance to overseas markets
Sep 08, 2011
  Bulgogi Brothers (Photo courtesy of Bulgogi Brothers' Facebook page)Korean franchise restaurants and coffee shops including the chicken franchise BBQ and the meat restaurant Bulgogi Brothers are actively advancing into overseas markets. BBQ opened its first ove...

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Hallyu in Online Games
Sep 05, 2011
The MMORPG TERA (Photo courtesy of TERA)Hallyu, or the Korean wave, has influenced the online gaming industry. Online games made in Korea, that so far have been mostly exported to Asian countries including China and Taiwan, have advanced to new markets such as Japan, the U.S., an...

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Hyundai named car maker with highest fuel efficiency in...
Sep 02, 2011
Hyundai Motor Company, Korea’s largest car maker, was selected as the company offering the highest average fuel efficiency among the seven leading auto makers in the United States. The average mileage per gallon (mpg) for all Hyundai models sold in July was 25.3, according to a m...

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Korea becomes important test market for automobile comp...
Aug 29, 2011
When motor companies launch a new car, they first offer the chance to take it for a ride to their dealers, VIP customers, and journalists before they reveal it to the public. Especially for car models that are introduced worldwide, companies call their customers from all around t...

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Korean crafts and designs lure buyers in New York
Aug 18, 2011
Korean exhibitors at the New York International Gift Fair (Photo courtesy of the Korea Local Promotion Foundation)The New York International Gift Fair (NYIGF), one of the largest consumer shows in the United States, opened its doors on August 13, at Jacob K. Javits Convention Cen...

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Seoul FDI doubles in 1st half of the year
Aug 11, 2011
Foreign direct investment (FDI) in Seoul hit more than $1.8 billion in the first half of the year, a rise of 116 percent over the same period last year.Despite the earthquake and tsunami in Japan and the financial crisis in Europe, the city’s efforts to improve the investment env...

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More low-cost Asian airlines to launch
Aug 05, 2011
The competition among Asian airline for their share of the skies is about to get a little tougher. With the introduction of low-cost Korean airlines like Jeju Airlines and Eastarjet, overseas carriers from Singapore and Thailand have also decided to join the local low-cost flight...

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Korea to support Ghana's power grid expansion
Aug 03, 2011
Korea will support Ghana’s power grid expansion by providing a $67 million loan. According to the Ministry of Strategy and Finance, this loan will be used to construct a 185-kilometer power transmission line.The country hopes to be able to supply electrical power to most of Afric...