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Korea-EU FTA expands investments into Korea
Jul 02, 2012
The Korea-EU Free Trade Agreement (FTA), which marked its one-year anniversary on July 1, has expanded Korea’s exports to the EU and contributed to increasing foreign direct investment (FDI) in Korea. The Institute for International Trade under the Korea International Trade ...

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Korea sees great sales of Korean duty free products
Jun 26, 2012
Sales of Korean cosmetic products in duty free shops in Seoul have doubled within the past year. Seoul Main Customs, a branch of the Korea Customs Service, published data on sales for six duty free shops located in Seoul on June 14. According to the data, the sales volume of Ko...

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Busan successfully hosts motor show
Jun 05, 2012
The Busan International Motor Show 2012 was held from May 25 to June 3 at BEXCO in Busan. With the theme “The voyage of the green car across the ocean,” the motor show featured various environmentally friendly vehicles including electric cars and hybrid motors.Electric vehicles w...

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Mobile phones can be purchased in supermarkets
May 09, 2012
Since May 1, mobile phones have become available at retail stores according to the revised regulations on mobile phones by the Korea Communication Commission. As Korea launches its mobile phone blacklist system, consumers no longer need to sign a contract with a telecom company ...

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Report on Yeosu Expo; how to develop local economy thro...
May 08, 2012
Photo Courtesy of Yeosu Expo The Hyundai Research Institute recently issued a report on the 2012 Yeosu Expo, focusing on how to lead the Expo to long-term success including development of the local economy. The report analyzed overseas Expos such as Expo 2005 Aichi held in Japa...

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Korean brands benefit from worldwide cultural exposure
Apr 27, 2012
Along with the growing popularity of Korean culture overseas, Korean multinationals’ products and services are enjoying a better positioning in the global marketplace. The findings emerged from a recently conducted survey by the Korea Trade-Investment Promotion Agency (KOTRA), on...

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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...

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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...

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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...

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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...