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Korea releases high-speed electric car
Sep 15, 2010
Korea released its first high-speed electric car, BlueOn, on Sept. 9. This car is only the second of its kind worldwide to be put into mass production. Hyundai Motors Co., the largest automobile maker in the country, showcased their new electric vehicle for the first time at the...

Daegu City establishes Green Growth Ind. Investment Fun...
Sep 09, 2010
Daegu City and Gyeongsanbuk-do signed an MOU for cooperation MOU  to organize 'Green Industry Investment Fund' following the 'Daegu-Gyeongbuk Hope Economy Investment Fund No. 3.'The aim of the 'Green Industry Investment Fund' by the city and the province is to jointly streng...

Daegu-Gyeongbuk Free Economic Zone takes off as global ...
Sep 08, 2010
Daegu-Gyeongbuk Free Economic Zone (DGFEZ), which marks its second anniversary in August, is harvesting substantial achievements owing to the infrastructure facilies thus far created and its investment inducement activities.   With its vision 'Global Knowedge Creation-type...

Korea Eximbank extends $41 million in loans to Bolivia
Sep 01, 2010
Export-Import Bank of Korea (Korea Eximbank) Chairman Kim Dong-su signed a contract last Thursday (Aug. 26) with Bolivia’s Minister of Planning and Development, Viviana Elba Caro Hinojosa, to loan 41 million dollars for the construction of the Banages Bridge. The contract signi...

Advanced environment and energy industries exhibit in B...
Aug 30, 2010
The Environment & Energy Tech 2010 (ENTECH 2010) will be held from September 1-4 at the BEXCO, Haeundae. ENTECH is the only national comprehensive exhibition covering the various developments in the global environment and energy industry. This fourth edition of the exhibition...

Korea ranked 19th in 2008 UN trade report
Aug 30, 2010
The Korea International Trade Association (KITA) said on Aug. 29 that Korea ranked 19th in the UN trade report issued in 2008, with 52 Korean products listed as important export items worldwide.KITA's latest finding is based on its analysis of the "Personal Computer-Trade Analysi...

Korea ranked 11th among OECD nations, with 1st quarter ...
Aug 26, 2010
Korea ranked 11th among OECD nations, showing a surplus of 1.28 billion dollars in its international balance of payments.According to OECD Quarterly National Accounts data released on Aug. 25, 12 of 32 OECD member nations showed a surplus in the first quarter of 2010. Japan showe...

Korea's GDP growth highest in OECD in the 2nd quarter
Aug 20, 2010
Korea ranked first in economic performance among OECD member countries in the 2nd quarter of 2010.According to data released by OECD on Aug. 19th, Korea’s GDP growth rate has increased by 7.1% in the second quarter compared to the same period last year. It is the highest growth r...

Red Carpet Service for foreign investors
Aug 17, 2010
Invest KOREA, Korea's national investment promotion agency, is initiating under the auspices of the Ministry of Knowledge Economy a new program called 'Red Carpet Service for Foreign Investors' for executives of foreign companies who are visiting Korea. 'What is Red Carpe...

Japanese retail giants learn marketing skills from Kore...
Aug 17, 2010
Facing difficulties due to the decreasing sales, Japanese department stores decided to learn from their neighbors in Korea.According to a report published on Jul. 27 by the Nihon Keizai Shimbun, one of Japan's leading daily newspapers, the Japan Department Stores Association sent...