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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 ...

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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 ...

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Incheon airport hit largest number of transfer passenge...
Feb 09, 2012
The number of transfer passengers at Incheon International Airport has rapidly increased, hitting a record high in January. The Incheon International Airport Corporation (IIAC) recently announced that the number of transfer passengers passing through the airport in January recor...

SMBA helps social enterprises
Feb 03, 2012
Social enterprises in Korea now can receive financial support from the Small and Medium Business Administration (SMBA). The SMBA, along with the Credit Guarantee Foundation and the Small and Medium Industry Bank, recently established a special guarantee for social enterprises ...

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Korea sees surplus for 22 consecutive months
Jan 31, 2012
Korea recorded a surplus of USD 27.65 billion in 2011. The current account, the sum of the balance between exports and imports, registered a surplus of USD 3.96 billion for December 2011, having been in the black for 22 consecutive months since March last year.   Accor...

Hyundai and Kia prove their competitiveness in the U.S.
Jan 26, 2012
The brand and product competitiveness of Hyundai Motor Co. and Kia Motors in the American market have received high praise. TrueCar.com, an automotive solutions provider focused on new car pricing, trends, and forecasting, recently posted the 2011 Annual Performance Scorecards f...

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Economic Prospects for 2012: Korea benefits from free t...
Jan 20, 2012
Amid growing uncertainties and the struggling economic landscape of the world, Korea remains one of the few sound spots with a relatively positive outlook and potential growth rate in 2012, backed up with firm policy initiatives behind the smoldering global financial crisis. On J...

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The new trend in Korea: Half-priced products
Jan 17, 2012
The competition among retailers in Korea to lower prices has intensified. Starting with eliminating distribution channels, retailers now produce private brand (PB) products to offer products at lowest prices. Large discount stores such as E-mart and Lotte Mart have started sellin...

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Small and medium companies welcome KORUS FTA
Jan 12, 2012
It seems that small and medium enterprises in Korea are welcoming the ratification of the Korea-U.S. Free Trade Agreement (KORUS FTA). Since over 80% of small and medium manufacturers in Korea work under a supply contract with larger conglomerates, it looks like the chances for t...

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The most expensive commercial real estate in Korea?
Jan 12, 2012
Cheongpyeonghwa Market has been estimated as Korea’s most expensive commercial real estate. According to the standard market price of commercial buildings and officetels announced by the National Tax Service Korea on December 28, the standard market price of Cheongpyeonghwa Marke...