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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 ...


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...


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...


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...


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 ...


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...


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...


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...


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...