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Rice cooker innovations lead to new markets
Apr 23, 2014
In many Korean families, a rice cooker is one of the must-have items, as rice is the principle staple food across the nation. In the past, people used to cook rice in a large cast iron pot, but those pots have now been replaced with electric rice cookers. A few decades ago, many ...


Evolution of the snack
Apr 17, 2014
It has been a few years now since we've been able to see overseas tourists heading home with big bags of snacks, filling their suitcases with refreshments at the wholesale markets or supermarkets across central Seoul. They all say that the snacks available here are tasty and...


Traditional alcohol catches worldwide attention
Apr 16, 2014
Traditional alcoholic beverages have recently been put under the spotlight at a world drinks fair. At the San Francisco World Spirits Competition, Tamiangs, a traditional Korean spirit, obtained a double gold medal, the highest honor possible in the competition. In addition, Roya...


Romanson: worn on the wrist for 26 years
Apr 16, 2014
Many people think of Swiss household names such as Patek Philippe, Breguet and Vacheron Constantin when it comes to luxury watches. There is now, however, a small hidden champion vying with these Swiss brands on the global market. It is the Seoul-based watch manufacturer Romanson...


Fuel cell electric vehicles catch on in Europe
Apr 15, 2014
Fuel cell electric vehicles (FCEV) are getting more and more attention in Europe, where there is a premium placed on environmentally friendly technology. Hyundai Motor has been chosen as a supplier of FCEVs under the Hydrogen For Innovative Vehicles (HyFIVE) act, a pan-Europ...


Auto exports hit 2nd highest monthly figure ever
Apr 11, 2014
Automobile companies are continuing to post strong overseas sales. According to the Ministry of Trade, Industry and Energy’s announcement on April 9, Korea produced 425,510 cars in March 2014, showing a 16.4 percent growth over the same period last year. Of those, 286,754 units w...


Seoul ranks high in GFCI; Busan ranked for first time
Apr 07, 2014
Seoul has taken a top spot in global financial center rankings, and Busan has placed for the first time. In the Global Financial Centres Index (GFCI) this year, Seoul came in seventh and Busan was placed 27th among 83 cities around the world. Climbing three notches from ...


Korea records current account surplus for 24 consecutiv...
Apr 07, 2014
Korea has continued to record a current account surplus for 24 months in a row. The Bank of Korea reported on March 31 that Korea’s current account registered a surplus of 4.5 billion dollars in February 2014. The country has been maintaining its surplus record since March 2012, ...


Korea 2nd in semiconductor production
Mar 31, 2014
Korea has for the first time become the second largest semiconductor producer in the world. According to U.S. market research firm IHS Technology, Korea ranked second in the semiconductor production race, recording a market share of 16.2 percent last year, the Ministry of Trade, ...


Free trade benefits Korea, Chile
Mar 04, 2014
The Korea-Chile Free Trade Agreement (FTA), Korea’s first-ever FTA, recently marked its 10th anniversary. The two countries showed more than a four-fold increase in their trade volume over the past ten years due largely to the free trade pact, which has been creating a win-win ef...