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Hyundai-Kia ranks fourth in green car sales
Jan 21, 2016
Hyundai Motor Co. and its smaller affiliate Kia Motors have together ranked fourth in the world in sales of environmentally friendly vehicles. The conjoined automobile makers sold a total of 73,746 eco-friendly cars last year, including 64,533 hybrids, 8,712 electric veh...

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Korean strawberries to be exported to Vietnam
Jan 20, 2016
Starting soon, Korean strawberries will be able to be enjoyed in Vietnam. The Ministry of Agriculture, Food & Rural Affairs announced on Jan. 19 that the quarantine agencies of Korea and Vietnam have concluded an agreement on food hygiene and reserve standards, allowing Ko...

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Korea Rail Network to oversee Indian railway constructi...
Jan 20, 2016
The Korea Rail Network Authority and construction firms from Spain, Italy and India signed a contract with India's Lucknow Metro Rail Corporation on Jan. 15. They will be overseeing the construction of a new track in the city of Lucknow in Uttar Pradesh, India. On Jan...

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Materials, parts trade surplus tops USD 100 bil., 2nd y...
Jan 19, 2016
Korea recorded a trade surplus of over USD 100 billion in the materials and parts sector for the second year in a row. The country began to record trade surpluses in the sector in 1997. According to the Ministry of Trade, Industry and Energy’s report on the materials...

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Korea to build world’s largest geothermal power plant i...
Jan 18, 2016
The Sarulla Geothermal Power Plant, currently being built by Hyundai Engineering & Construction, is expected to help Indonesia solve its problems with its power supply. In Indonesia's northern Sumatra, the world’s single largest geothermal power plant is being built with Ko...

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Korean skincare, cosmetics exports hit USD 2.6 bil.
Jan 14, 2016
Last year, Korean cosmetics exports were the highest ever, at USD 2.6 billion. The above photo shows tourists shopping for Korean cosmetics and makeup at a duty free shop in Seoul.Less than 20 years ago, a list of some of the most wanted gifts by many beauty aficionados included ...

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Environmentally friendly cookware attracts customers wo...
Jan 12, 2016
Neoflam is popular in both Korea and overseas thanks to its ceramic coating on its pots and frying pans and to its antimicrobial cutting boards. Neoflam’s newest lineup of cookware includes the ‘My Pan’ and ‘Retro Jewel’ lines. Making a delicious meal is the main goal for many o...

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CES gives glimpse of connected future with IoT
Jan 11, 2016
The power of Internet of Things (IoT) technology is set to control the future, transcending its current limitations and spreading out to automobiles and even more home appliances. This trend has been reinforced at this year’s Consumer Electronics Show (CES), as IoT ...

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First export of Korean beef arrives in Hong Kong
Dec 30, 2015
For the first time, Korean beef is exported to Hong Kong. Negotiations on hygiene and quarantine requirements for Korean beef were settled on Nov. 19, opening trade into the Hong Kong market. Korean beef is now being exported to Hong Kong. To celebr...

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Moody’s upgrades Korea to Aa2
Dec 21, 2015
Deputy Prime Minister and Minister of Strategy and Finance Choi Kyunghwan talks about Moody’s recent upgrade of Korea’s sovereign ratings to Aa2 during a press conference on Dec. 20. Moody’s Investors Service upgraded Korea’s issuer and bond ratings by one notch to Aa2, ...