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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...


India culture industry eyes Korea
Apr 05, 2013
The Korean wave has proven its potential in India. A total of 126 business meetings took place between twelve Korean firms, including CJ Entertainment and KBS Media, and 50 Indian companies, according to a statement released by the Korea Creative Contents Agency (KOCCA) on March ...


The future is here at Seoul Motor Show
Mar 29, 2013
The cool morning air at Kintex in Goyang City, Gyeonggi-do (Gyeonggi Province) could not calm down the heated atmosphere at the 2013 Seoul Motor Show. Hundreds of journalists and VIPs from the auto industry took part in the press day held on March 28. A total of 331 automotive co...


Haeundae’s popularity grows among foreign investors
Mar 18, 2013
Famous for its long beach, Haeundae District in Busan, attracts a large number of tourists from all over. Moreover, the seaside district, which is often compared to the affluent Gangnam District in southern Seoul, has become a magnet for foreign real estate investments. A group o...