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S. Korea, Ethiopia agree to expand business opportuniti...
May 27, 2016
Business leaders of South Korea and Ethiopia met in Addis Ababa on Friday on the sidelines of President Park Geun-hye's ongoing visit to the East African country and reached a number of cooperation agreements and memorandums of understanding (MOUs). The agreements were made ...


Cuba Week comes to Korea
May 11, 2016
Chairman Park Yongmaan (center, right) of the Korea Chamber of Commerce and Industry (KCCI) and Orlando Hernandez Guillen, chair of Cuba's International Chamber of Commerce, sign an MOU on May 9. Also in attendance are Aurelio Mollineda Martinez (left), CEO of Gecomex, a Cuban tr...


FTAs lead home appliance exports to Oceania
May 09, 2016
Korean laundry machine exports are growing, particularly to Australia and New Zealand. Tariff eliminations based on free trade agreements with countries in Oceania are one of the main contributors to the export growth. Exports of made-in-Korea laundry machines are growi...


'Let's leap forward in the face of adversity'
May 04, 2016
President Park Geun-hye gives the opening address at the Iran-Korea Business Forum on May 3 at the Espinas Hotel in Tehran. On May 3, President Park Geun-hye attended the Iran-Korea Business Forum where she emphasized the recent increase in trade and investment between ...


Korean oyster snack enters US market
Apr 27, 2016
Koha Oriental Foods is now importing Oyster Snacks to the U.S. The tasty morsels will hit U.S. shelves in the second half of 2016. More healthy Korean snacks are due to arrive in the U.S. Koha Oriental Foods, a specialty food importer based in Hawaii, just sig...


Korea-built atomic plant test-runs reactor No. 1
Apr 20, 2016
The Barakah Nuclear Power Plant is in Abu Dhabi. The construction of reactor No. 1 is now 90 percent complete. It will be finished by May 2017. The Barakah Nuclear Power Plant in the United Arab Emirates (UAE) began test operations of reactor No. 1 in March this year. This is ...


Wider range of Korean products to hit Chinese shelves
Apr 18, 2016
Starting this month, Chinese consumers will be able to buy more Korean cosmetics online and have their items shipped home by sea, all while paying lower customs fees. Shoppers browse the cosmetics section at the Lotte Department Store in Tianjin, China. Korean product...


Song Joong-ki sweeps across ad industry
Apr 08, 2016
The popularity of the KBS soap opera “Descendants of the Sun” is boosting sales of running shoes. Kolon Sport, a producer of outdoor and sports clothing, has seen sales of its new line of running shows, Sox, soar by a whopping 300 percent since it released on March 17 a T...


Korean milk formula attracts Chinese buyers
Mar 25, 2016
Korea-made milk formula is receiving growing attention from Chinese parents these days. Korean milk powder products are winning the trust of Chinese customers who consider the safety and quality of baby formula to be a top priority, as this might well be the first food that a ...


Korean builders work on power supply in Vietnam
Mar 24, 2016
Mong Duong, Phalai, O Mon and Quynh Lap. These are all regions in Vietnam where Korean construction companies either built or are building power plants for the rapidly growing Southeast Asian economy. Korean builders are actively working to solve the problem of an insuffi...