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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...


Korean automobile companies rule Super Bowl ads
Feb 22, 2012
A commercial for the Veloster Turbo, one of Hyundai Motor Company’s automobile models, ranked seventh among the 2012 Super Bowl commercials in the consumer preference survey conducted by USA Today. Among the 15 car commercials during the Super Bowl this year, it rated as second b...


Seoul sees enduring FDI
Feb 17, 2012
Despite the continuing global economic recession that has struck the U.S. and Europe, the amount of foreign direct investment (FDI) to Seoul Metropolitan City has been increasing.  Focusing on the service industry, investments from European countries including Malta, the ...


Korean cosmetics record sales of over 10 trillion won
Feb 15, 2012
Sales of domestic cosmetic products in Korea exceeded 10 trillion won last year.The popularity of the Korean wave, or Hallyu, has greatly contributed to the rapid growth of the Korean cosmetic market. Korean cosmetic companies attract foreign nationals through various ...