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High-speed electric trains to hit tracks by 2020
Jun 09, 2016
Korail, the national railway operator, has selected Hyundai Rotem to supply EMU-250 high-speed electric train cars for the Gyeongjeon Line, linking the Gyeongsangnam-do and Jeollanam-do provinces of Korea. The trains, with a maximum speed of 250 kph, are expected to compete for c...

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Korea, France to cooperate on new industries, cross-bor...
Jun 03, 2016
President Park Geun-hye speaks at the Korea-France Business Forum in Paris on June 2. The president, currently on a state visit to France, suggested that the two countries cooperate on new industries of the future and on cross-border startups. President Park Geun-hye has ...

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President Park stresses Korea-Kenya economic expansion
Jun 01, 2016
President Park Geun-hye delivers her speech at the Kenya-Korea Business Forum in Nairobi on May 31. "I have no doubt that our two nations will pioneer new markets and discover new engines of economic growth." President Park Geun-hye stressed the importance ...

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Korea, Uganda agree to boost economic cooperation
May 30, 2016
During her state visit to Uganda, President Park Geun-hye discusses bilateral ties, particularly cooperation on economic development, during summit talks with Ugandan President Yoweri Museveni on May 29. Korea and Uganda have agreed to form a stronger economic partnersh...

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President stresses Korea, Uganda business expansion
May 30, 2016
President Park Geun-hye delivers a speech about future business prospects for the two nations at the Uganda-Korea Business Forum in Kampala on May 29. "Let's swiftly identify new business prospects and achieve great success." So said President Park Geun-hye at...

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Korea, Iran forge economic ties at trade show
May 30, 2016
An Iranian buyer speaks to a Korean industry professional at the 2016 Korean Expo in Tehran. The trade show, held from May 23 to 25, was organized as a follow-up to President Park Geun-hye's official state visit to Iran earlier this month. A trade show featuring some ...

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President stresses closer Korea-Ethiopia business partn...
May 29, 2016
President Park Geun-hye speaks during the Ethiopia-Korea Business Forum in Addis Ababa on May 27. The president stressed the importance of forming collaborative partnerships between companies from the two countries. President Park Geun-hye stressed the importance of col...

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S. Korea, Ethiopia agree to expand business opportuniti...
May 27, 2016
Business leaders of South Korea and Ethiopia met in Addis Ababa on Friday on the sidelines of President Park Geun-hye's ongoing visit to the East African country and reached a number of cooperation agreements and memorandums of understanding (MOUs). The agreements were made ...

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Cuba Week comes to Korea
May 11, 2016
Chairman Park Yongmaan (center, right) of the Korea Chamber of Commerce and Industry (KCCI) and Orlando Hernandez Guillen, chair of Cuba's International Chamber of Commerce, sign an MOU on May 9. Also in attendance are Aurelio Mollineda Martinez (left), CEO of Gecomex, a Cuban tr...

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FTAs lead home appliance exports to Oceania
May 09, 2016
Korean laundry machine exports are growing, particularly to Australia and New Zealand. Tariff eliminations based on free trade agreements with countries in Oceania are one of the main contributors to the export growth. Exports of made-in-Korea laundry machines are growi...