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Korean trade surpluses continue to increase
Mar 10, 2011
The Ministry of Knowledge Economy announced on March 2 that Korea's exports amounted to 38,960 million dollars in February, a 17.9 percent increase over the same month last year. Korea also imported 36,110 million dollars worth of goods and posted a trade surplus of 2,850 million...

Korea shares e-government system expertise overseas
Feb 09, 2011
Hallyu, or the Korean wave, doesn't just apply to K-pop, movies and TV dramas. Its influence now reaches into e-government, backed by advanced IT development.Countries in Southeast Asia, the Middle East, Africa, Europe and Latin America are now sending high-profile government off...

Overseas remittances from Korea reach $10 billion
Feb 09, 2011
Foreign workers residing in Korea sent more than $10 billion to their home countries last year, the Bank of Korea reported on January 28.In 2010, a total of $1.08 billion was sent out of the country by non-Korean workers who were in contracts lasting less than a year, the central...

Working smart through smart work systems
Jan 28, 2011
In the dawn of the "smart era," workers have welcomed the introduction of "smart work" systems in their companies and organizations. This new system focuses on efficiency and productivity through the creation of a flexible work environment, unlike the existing work system in Kore...

Coex to host more international conferences
Jan 28, 2011
The success of the G20 Seoul Summit has helped boost Coex Convention and Exhibition Center to new heights as it hosts a wide variety of international conferences.On January 23, Coex announced that it will host a congress of the FDI World Dental Federation in August of 2013, an ev...

Twitter opens Korean-language service
Jan 27, 2011
The popular microblogging and social networking service Twitter launched Korean language service on January 19, in an attempt to further expand into the Korean market. Twitter is now available in seven different languages, including Korean, English, Spanish, French, ...

Incheon to introduce new investment immigration system
Jan 26, 2011
Incheon Metropolitan City is planning to introduce a new real estate investment immigration system this year.Under the proposed system, non-Koreans who invest in properties in the city's Free Economic Zone will be eligible for permanent residency in Korea.By introducing the new s...

Korea ranked highly in IT competiveness
Jan 18, 2011
Korean information technology ranked in the top ten among G20 countries, along with the United States, the United Kingdom and Japan, according to a report released by Korea’s National IT Industry Promotion Agency on January 12.The report was based on index sources, including the ...

Korea and Belgium agree to expand air cargo services
Jan 13, 2011
Incheon-Brussels air cargo transport is expected to increase soon, thanks to an agreement between the Ministry of Land, Transport and Maritime Affairs and its Belgian counterpart to expand air cargo services between and beyond their respective territories, potentially doubling th...

Seoul International 3D Fair starts on January 13
Jan 11, 2011
The Korea Economic Daily will host the Seoul International 3D Fair, the first technology-related exhibition of its kind to be held in Korea, from January 13-16. The fair is organized under the auspices of the Seoul Metropolitan Government, the Ministry of Culture, Sports and Tour...