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Think Tank: S. Korea’ Exports to China to Continue Decline This Year

A government-funded economic research institute has forecast that South Korea’s sliding exports to China will have difficulty recovering within a short period of time. The Korea Institute for International Economic Policy issued the projection on Thursday in a report that ... Read More

Cosmax Indonesia receives halal certification

The Indonesian branch of South Korean cosmetics manufacturer Cosmax has officially secured halal certification, paving the way to enter the global cosmetics market targeting Muslims. Cosmax said Tuesday its manufacturing facilities in Indonesia received certification from major halal certification agency ... Read More

S. Korea’s E-government Tech Exported to East Europe

South Korea’s e-government technologies have been exported to East Europe. South Korea's Interior Ministry and the Deputy Prime Minister of Serbia Kori Udovicki signed a memorandum of understanding at the Seoul government complex on Wednesday. Under the agreement, South Korea ... Read More

S. Korea, China to Conduct Joint Crackdown on Illegal Chinese Fishermen

South Korea and China will jointly monitor illegal Chinese fishing boats for a week beginning Friday. According to the Ministry of Oceans and Fisheries Wednesday, patrol boats from both countries will inspect the Korea-China Interim Measures Zone in the Yellow ... Read More

IMF: S. Korea’s Income Inequality Highest Among Asian Countries

Anchor: The share of the top ten percent of income earners in South Korea is estimated to have grown to 45 percent of total earnings in the nation The rate has grown around 16 percentage points since 1995, and is now the highest ... Read More

Government Changes Logo

A new standard government logo was unveiled Tuesday with the aim of promoting a unified government identity. The new taegeuk logo, featuring blue, red and white — three symbolic colors of the Korean national flag will replace the current logo ... Read More

Government to Fund 9.2 Billion Won in Safety Products, Services

The government plans to fund nine-point-two billion won, or seven-point-seven million U.S. dollars, into the sectors of safety products and service development this year. Beginning Tuesday, the Ministry of Trade, Industry and Energy sent out a public notification describing the ... Read More

S. Korea’s Market Share in US Keeps Growing Thanks to FTA

South Korean products captured a share of three-point-two percent in the U.S. imported goods market last year, the highest since three-point-31 percent recorded in 2000. In a report evaluating the effects of the South Korea-U.S. Free Trade Agreement over the ... Read More