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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...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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 ...