Category: Service

  • South Korea’s Top 10 Exports to the world!

    South Korea’s Top 10 Exports to the world!

    South Korea is one of the largest economies in the world. A country’s export exert a deep influence on its economic growth. A healthy economy is the one where exports and imports are growing. It is even included in the group of Next Eleven countries that will dominate the global economy in the middle of […]

  • KOICA to expand collaboration with private sector to boost ODA financing

    KOICA to expand collaboration with private sector to boost ODA financing

    outh Korea’s official development assistance operator KOICA said Tuesday that it will strengthen partnership with the private sector to boost financing for its development aid programs for emerging countries. “The international community is putting emphasis on partnership with the private sector as a means of procuring financial sources for the development (of needy countries),” said […]

  • Asiana Airlines wins Mecenat Award

    Asiana Airlines wins Mecenat Award

    Asiana Airlines, Korea’s second-largest air carrier, has won the airline division award for this year’s Mecenat Awards, the company said Tuesday. The Mecenat Award, given by the Korean Standards Association, is based on a two-month survey of 258 companies and consumers between the ages of 20 and 59 in Korea’s five largest cities. The survey […]

  • Korea, Peru push for stronger business ties at APEC meeting

    Korea, Peru push for stronger business ties at APEC meeting

    Korean Prime Minister Hwang Kyo-ahn met with Peruvian President Pedro Pablo Kuczynski on the sidelines of the Asian-Pacific summit and pushed for stronger business cooperation in key infrastructure sectors, the government said Sunday. The premier is in Lima in the place of President Park Geun-hye, to attend the 24th Asia-Pacific Economic Cooperation (APEC) summit, being […]

  • Samsung BioLogics to begin IPO process this week

    Samsung BioLogics to begin IPO process this week

    Samsung BioLogics, a contract manufacturer of biologic drugs under Samsung Group, will apply for preliminary approval to begin its initial public offering process this week, the Korea Exchange said Monday. The South Korean drugmaker plans to submit its application to pursue am IPO on the country’s main bourse KOSPI on Thursday, the KRX said. Under […]

  • Korean exporters still face growing protectionism

    Korean exporters still face growing protectionism

    South Korean companies are confronted with growing trade barriers in overseas markets as major economies toughen import rules amid a protracted economic slowdown, industry sources said Wednesday. As of the end of July, South Korean products were affected by 179 anti-dumping measures, safeguards and other import regulations worldwide, according to the sources and the state-run […]

  • Korea's e-commerce exports up 83% in Q2

    Korea's e-commerce exports up 83% in Q2

    South Koreans’ direct purchases from foreign countries edged up in the second quarter of this year, with online purchases of Korean products by overseas shoppers nearly doubling, government data showed Wednesday. Koreans’ direct purchases of foreign goods via overseas online shopping malls reached 411.8 billion won ($369.3 million) during the April-June period, up 5 percent […]

  • Seoul city starts providing allowances to young job seekers

    Seoul city starts providing allowances to young job seekers

    The Seoul city government started a controversial program that provides allowances to thousands of young job seekers Wednesday, which it said aims to help people maintain basic living standards while they try to find work. The Seoul Metropolitan Government said it has selected a total of 3,000 applicants and will provide them with 500,000 won […]

  • Korean shares up in late morning trading

    Korean shares up in late morning trading

    South Korean shares traded 0.67 percent up in late Monday morning as strong foreign buying boosted local shares. The benchmark Korea Composite Stock Price Index scored 13.43 points to 2,029.62 as of 11:20 a.m. Tech shares led the gains. Market kingpin Samsung Electronics surged 2.14 percent, continuing its rally after posting robust second-quarter earnings, and […]

  • Purchase limits at tax-free shops dampen cosmetics sales outlook

    Purchase limits at tax-free shops dampen cosmetics sales outlook

    The recent decision by the South Korean customs agency to impose a purchase limit at the country’s tax-free outlets is dampening the sales outlook for local cosmetics firms which generate a major part of their sales via duty-free channels. On July 11, the Korea Customs Service notified all Korean duty-free operators — including Lotte, Shilla and […]