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Conference aims to drum up business in Korea
Nov 04, 2013
Visiting foreign investors were recently given the chance to express their interest in the business opportunities and the favorable investment environment to be found in Korea, with its strong industrial fundamentals and its vast network of free trade agreements (FTAs). The inves...


Marine Week plays host to global maritime industry
Oct 28, 2013
An expo of the world’s shipbuilding and maritime industries, Marine Week 2013, was held at Bexco in Busan from October 22 to 25. The exhibition, held biennially since 2001, is a combination of three different events: the Naval & Defence exhibit, the Sea-Port exhibit and the K...


Korean economic growth receives international plaudits
Oct 24, 2013
Amid growing worries about another economic crisis across Southeast Asia spurred by the U.S. plan to taper quantitative easing (QE), major economic institutions and foreign media worldwide have put out positive assessments of the Korean economy.They all predict that Korea will ha...


Indonesian media spotlights Korea-Indonesia cooperation
Oct 15, 2013
Indonesian media reported in detail and with eagerness on President Park Geun-hye’s recent state visit to Indonesia and on the progress made in Korea-Indonesia bilateral economic cooperation. “We have agreed to make joint efforts to reach a bilateral trade volume worth USD 100 bi...


S&P affirms Korea’s credit rating at A+
Sep 25, 2013
Standard & Poor’s affirmed Korea’s sovereign debt rating at A+ and its “stable” outlook. According to a recent announcement from the Ministry of Strategy and Finance, S&P said its decision reflects the nation’s “favorable policy environment, sound fiscal position, and net...


Fitch confirms Korea at ‘AA-,’ ‘stable’ outlook
Aug 26, 2013
Fitch Ratings intends to keep Korea’s sovereign debt rating at "AA-" and its outlook “stable.” Explaining why it affirmed the rating and outlook, the ratings agency said on August 22 that Korea’s fundamental strengths remain intact, mentioning the country’s “resilient economy and...


Korea-China FTA to upgrade economic cooperation: Presid...
Jul 01, 2013
President Park Geun-hye expressed her vision on Korea-China economic cooperation and co-development at a business forum held in Beijing on June 28. President Park, currently on a four-day state visit to China, delivered an address on bilateral economic cooperation at the Korea-Ch...


New foreign investor rules reflect future hiring, IT se...
Jun 18, 2013
The size of future employment in Korea is a new requirement for designation of a foreign-invested company, and IT services have been added to the industry category for a foreign-invested zone. The Ministry of Trade, Industry and Energy said an amendment to an act promoting foreig...


Mozambican leader: Korea ‘best partner for economic coo...
Jun 07, 2013
Mozambican President Armando Emílio Guebuza on June 5 hailed Korea as the “best partner for economic cooperation” in a bilateral business forum held in Seoul. “Korea is the country that successfully made a miraculous transformation from a war-torn country. This country is the bes...


Hyun promotes Korean economy overseas
Jun 03, 2013
Deputy Prime Minister Hyun Oh-seok held an investment relations meeting in London on May 31 (London time) to promote the Korean economy overseas. Deputy Prime Minister Hyun Oh-seok speaks on the soundness of the Korean economy at the IR meeting held in London on May 31 (phot...