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Korea, Uzbekistan cooperate on insurance industry
Nov 07, 2013
Government and insurance industry officials from both Korea and Uzbekistan exchanged their opinions on each other’s insurance industry policies and pledged to deepen cooperation in the field. The Insurance Industry Development Forum was held in Tashkent at the request of Uzbek De...


President proposes future direction for Korea-France co...
Nov 05, 2013
“I am glad to discuss co-prosperity and the future of Korea and France with business leaders from both countries.” In a 20-minute keynote address in French, President Park Geun-hye, currently on a state visit to France, proposed strengthening Franco-Korean cooperation in business...


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...