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Hyundai, Kia’s Market Share in EU Rises to 6.3%

Sales of cars in the European Union(EU) produced by South Korean automaker Hyundai Motor and its affiliate Kia Motors shot up in the first ten months of the year, bringing their combined market share to six-point-three percent. According to European ... Read More

S. Korea, Central America Agree to Sign FTA

Anchor: South Korea has concluded negotiations for a free trade agreement with six Central American countries. The FTA will eliminate tariffs on 95 percent of goods and is expected to pave the way for South Korean companies to make inroads ... Read More

Tous Les Jours opens first two branches in Mongolia

Tous Les Jours has opened its first two branches in Mongolia, making it the first Korean bakery chain to enter the Mongolian market, the company said Tuesday. Both new branches are located in Ulaanbaatar, Mongolia’s capital, and opened within two ... Read More

Global Trade Hits 6-Year Low

Global trade has sunk to its lowest level in six years due to low growth around the world and falling raw materials prices. Recent data from the World Trade Organization(WTO) shows the trade volume of 71 major economies in the ... Read More

Chinese Tourists Spend 500 Bln Won in S. Korea around Chinese Holiday

Chinese tourists spent about 500 billion won in South Korea around a major Chinese holiday from October first to seventh. According to Shinhan Card’s analysis of data of China Union Pay on Sunday, Chinese travelers spent about 490 billion won ... Read More

S. Korea to Develop Source Technology to Produce Double-Decker Trains

The Korea Railroad Corporation(Korail) said Friday that it signed an agreement with two firms on joint research to develop a domestic two-story high-speed train. A double-decker train seats much more people than a regular train as it can accommodate as ... Read More

Rice Prices Plummet to 21-Year Low

Rice prices further tumbled this month compared to October when it posted a 21-year low. According to the Statistics Korea on Friday, the price of rice per 20 kilograms was 32-thousand-337 won as of November fifth, down zero-point-two percent from ... Read More

[Trump Issue 1] S. Korea-US FTA Renegotiation

Anchor: Throughout his presidential campaign, Donald Trump has time and time again slammed the South Korea-U.S. Free Trade Agreement(KORUS FTA) as a job-killing deal. With Trump's presidential victory, concerns are surfacing that a renegotiation of the pact is likely. In ... Read More



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