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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 ...


Korea sees great sales of Korean duty free products
Jun 26, 2012
Sales of Korean cosmetic products in duty free shops in Seoul have doubled within the past year. Seoul Main Customs, a branch of the Korea Customs Service, published data on sales for six duty free shops located in Seoul on June 14. According to the data, the sales volume of Ko...


Busan successfully hosts motor show
Jun 05, 2012
The Busan International Motor Show 2012 was held from May 25 to June 3 at BEXCO in Busan. With the theme “The voyage of the green car across the ocean,” the motor show featured various environmentally friendly vehicles including electric cars and hybrid motors.Electric vehicles w...


Mobile phones can be purchased in supermarkets
May 09, 2012
Since May 1, mobile phones have become available at retail stores according to the revised regulations on mobile phones by the Korea Communication Commission. As Korea launches its mobile phone blacklist system, consumers no longer need to sign a contract with a telecom company ...