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Busan successfully hosts motor show
Jun 05, 2012
The Busan International Motor Show 2012 was held from May 25 to June 3 at BEXCO in Busan. With the theme “The voyage of the green car across the ocean,” the motor show featured various environmentally friendly vehicles including electric cars and hybrid motors.Electric vehicles w...


Mobile phones can be purchased in supermarkets
May 09, 2012
Since May 1, mobile phones have become available at retail stores according to the revised regulations on mobile phones by the Korea Communication Commission. As Korea launches its mobile phone blacklist system, consumers no longer need to sign a contract with a telecom company ...


Korean brands benefit from worldwide cultural exposure
Apr 27, 2012
Along with the growing popularity of Korean culture overseas, Korean multinationals’ products and services are enjoying a better positioning in the global marketplace. The findings emerged from a recently conducted survey by the Korea Trade-Investment Promotion Agency (KOTRA), on...


Korean retail stores ready to welcome tourists and shop...
Apr 27, 2012
Retail stores and duty-free shops in Korea have reinforced their promotional activities and launched various events to welcome foreign visitors taking advantage of the Golden Week in Japan from April 28 to May 6 and China's Labor Day holidays from April 28 to May 1. According t...


The KORUS FTA drops the price of imported goods
Apr 23, 2012
Korea's free trade agreement with the United States became effective on March 15 this year. A month later, on April 15, it turned out that grocery shopping got slightly cheaper as the prices of imported goods from the U.S. were lowered thanks to some regulations on tariffs.Accord...


Low-priced airlines in Asia keep growing
Apr 13, 2012
Despite the high price of oil and the economic downturn, the popularity of traveling within the Asian region seems to be remaining constant. To compete against the sensational promotional events offered by Korea’s low-cost airlines, overseas low-cost airline companies that are ac...


What discount does the KORUS FTA bring?
Mar 23, 2012
As the free trade agreement (FTA) between Korea and the U.S. became effective on March 15, imported products from the U.S. have already seen their prices decrease. Since the KORUS FTA is a high-level FTA, it applies to a various range of products, with hardly any exclusions; tari...

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Korea-Turkey FTA talks move forward
Mar 16, 2012
Ongoing negotiations for a bilateral free trade agreement between Korea and Turkey have made progress in several key areas, said the Ministry of Foreign Affairs and Trade (MOFAT) on March 11. The fourth round of talks, which took place in Seoul from March 7 to 11, settled details...


Car insurance premiums to be reduced
Mar 02, 2012
Auto insurance premiums in Korea will be lowered by up to 5% in April. Eight insurance companies including Samsung Fire & Marine Insurance, Dongbu Insurance, and LIG Insurance recently asked the Korea Insurance Development Institute for approval of new premium rates for car...


Need an airplane? Buy one online
Feb 24, 2012
Online shopping sites have offered consumers almost everything they could ever ask for including living necessities, fashion items, foods, furniture, and even automobiles. By clicking the “Purchase” icon now they can even buy a light aircraft. It’s not just any light airplan...