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FDI hits record high during first 3 quarters 2016
Oct 05, 2016
Foreign direct investment (FDI) coming into Korea has been on the rise, despite economic uncertainties such as a global economic slowdown and issues surrounding North Korea's nuclear weapons. The Ministry of Trade, Industry and Energy announced on Oct. 4 that newly register...

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Korea Sale Festa kicks off with K-pop concert
Oct 05, 2016
2PM performs during the opening ceremony for the Korea Sale Festa along Yeongdong-daero Boulevard in Gangnam-gu District, Seoul, on Sept. 30. K-pop bands, singers and dancers all came together to help launch this year's Korea Sale Festa. On Sept. 30, the nation's largest-e...

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BioFach America 2016 to serve up organic Korean food
Sep 19, 2016
Nine Korean organic food companies will showcase their range of goods at the upcoming BioFach America 2016 trade fair in Baltimore, Md., running from Sept. 22 to 24. Pictured are scenes from last year's BioFach organic food fair. The National Agricultural Products Quality M...

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US investors eye Korean tech
Aug 18, 2016
A special fair in Los Angeles has reaffirmed that there is much interest among U.S. investors in a range of Korean products and advanced technologies. The Creative Economy Global Roadshow, running from July 29 to 31, had a total of 90 Korean companies, including 19 startups,...

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S&P raises Korea's credit rating one level to AA
Aug 09, 2016
On Aug. 8, Korea's credit rating was increased one level to AA by Standard & Poor's, the agency's third-highest possible rating. On Aug. 8, Standard & Poor's raised Korea's sovereign credit rating from AA- to AA with a stable outlook, the agency's third-highest possible...

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Chile, Iran to adopt Korean water resource tech
Jul 29, 2016
Eduardo Abuauad (left), CEO of Essbio, and Lee Jin Ho, director of waterworks at the Korean Water Resources Corporation, pose for a photo on July 20 after signing an agreement on a non-revenue water (NRW) reduction project in Talca, Chile. Korea's water resource management ...

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Korean fintech makes inroads in UK
Jul 26, 2016
JY Tech, a Korean fintech startup, signs a USD 250,000 research investment deal with Standard Chartered Bank during the 'Korean Fintech Open-day' held on July 22 at Level39, a startup center in London. A range of innovative, financial services offered by Korean fintech compan...

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NH Farm brings healthy produce to world markets
Jul 14, 2016
Representatives from the National Agricultural Cooperative Federation announce the new brand NH Farm, an umbrella brand that will cover many of the cooperative's agricultural exports, on July 13 in Seoul. A new brand that symbolizes the quality and safety of Korean agricultural...

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FDI in Korea hits new record high in 1st half
Jul 07, 2016
Foreign direct investment (FDI) into Korea hit a record high in the first half of this year. The Ministry of Trade, Industry and Energy announced on July 4 that the officially registered amount of FDI in the first half of the year rose by 18.8 percent to USD 10.52 b...

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Korean transport systems gain international recognition
Jun 28, 2016
Two cities in New Zealand, Wellington and Auckland, have been using transport card systems based on Korean technology since 2008. The photo above shows commuters in Wellington using the transport card system to pay their bus fare. New Zealand, Malaysia, Mongolia, Colombia… T...