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Korea shows record high 2013 trade figures
Jan 06, 2014
Korea’s trade volume was worth more than USD 1.75 trillion in 2013, exceeding the USD 1 trillion mark for the third consecutive year. The Ministry of Trade, Industry and Energy (MOTIE) reported on January 2 that Korea recorded exports worth some USD 559.7 billion in 2013, a 2.2 p...


‘Global investors, watch the Korean market’: Foreign Af...
Jan 06, 2014
“Korea is well positioned to thrive” Foreign Affairs (FA), a leading U.S. magazine on international relations, has hailed Korea as being, “one of the hot markets to watch over the next half decade,” in a recent article, “The Shape of Things to Come: Hot Markets to Watch,” from it...


Korea records 22 months of trade surplus
Dec 02, 2013
Korea has shown a continuous trade surplus for 22 months in a row. Korea’s exports were worth slightly over USD 47.9 billion last month, showing a 0.2 percent gain over November last year, said Korea’s Ministry of Trade, Industry and Energy in its monthly trade figure report for ...


Korea to hit 3.8% growth in 2014: OECD
Nov 25, 2013
The Organisation for Economic Co-operation and Development (OECD) has predicted that Korea’s gross domestic product (GDP) will grow by nearly four percent next year. This figure is higher than both the average OECD growth rate of 2.3 percent and the average world rate of 3.6 perc...


Global game fair G-Star 2013 ends with phenomenal succe...
Nov 18, 2013
Korea’s biggest video game exhibition, G-Star 2013, ended with phenomenal success, having attracted the largest ever number of spectators. The four-day event was held from November 14 to 17 at BEXCO in Busan and broke more records than simply attendance. According to the G-Star O...


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...