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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...

Korea's early adopters set the tone for electronics gia...
Aug 10, 2010
       You may have never heard of them, but Korea’s “power bloggers” are affecting the goods you buy. By makingtheir online voices heard in one of the world’s most wired countries, bloggers and “power users” have changed the way electronics companie...

Gwangju-Daegu cities agree to push 3D convergence indus...
Jul 20, 2010
On July 13th, lawmakers Kim Jae-gyun of the Democratic Party, and Lee Myeong-gyu, of the Grand National Party, hosted a session in the National Assembly devoted to the study of the promotion of national 3D convergence industries, through forums and exhibitions. The so-called 3D ...

Unification Ministry to fund 30 social enterprises by y...
Jul 15, 2010
The number of social enterprises made up of former North Korean defectors is expected to reach 30 by the end of this year. A spokesperson from the Unification Ministry said in early July that the government plans to establish some 30 social enterprises dedicated to assisting No...

Daegu, SK C&C to jointly promotion convergence media i...
Jul 12, 2010
SK C&C (CEO: Kim Shin-bae) and Daegu Metropolitan City (Mayor: Kim Bum-il) signed a memorandum of understanding (MOU) for a joint project that will promote next-generation convergence media, in the Daegu region, on July 5. The two sides will cooperate on the development of n...

Korea’s trade surplus records highest ever in first hal...
Jul 09, 2010
Korea’s surplus for trade and exports for the first half of this year recorded the highest ever in the country. The Ministry of Knowledge Economy reported that exports for the first half of 2010 marked USD 22.25 billion, which is a 35 percent increase from two years ago, breaki...

Gwangju City exports kimchi, rice cakes to U.S.
Jul 09, 2010
Gwangju Metropolitan City announced Sunday (Jul. 4) that Osaek Food Company, a kimchi manufacturer based there, recently exported 13 tons of kimchi products to the United States worth 47 million won. Another 10 kinds of Korean rice cakes (tteok) produced by two companies "Ihae-or...

Kimchi exports continue to rise
Jul 07, 2010
Thanks to the growing presence of Korean food overseas, kimchi exports last year surpassed 100 billion won once again, and have been maintaining an upward trend throughout this year, according to the Korea Customs Service.  In 2009, Korea exported 28,505 tons of kimchi that ...

Korea extends currency swap arrangement with Japan
Jun 24, 2010
The Bank of Korea has agreed with the Bank of Japan to extend the bilateral won-yen swap arrangement for another 3 years to and including July 3, 2013. The Bank of Korea agreed to enter into the bilateral won-yen swap arrangement with the Bank of Japan in May 2005, effective unt...