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News

Consumption activity declined

Household consumption activities are declining due to stagnant household income. According to data from Statistics South Korea on Tuesday (11/22/2016), expenditure on food and non-alcoholic beverages for households with more than two people from July to September this year decreased ... Read More

Global Game Exhibition G-STAR 2016

Global game exhibition G-Star 2016, held on 17 to 20 of November 2016 in Bexco Busan, South Korea. Game exhibition organized by the Korea Internet & Digital Entertainment Association and operated by G-STAR Organizing Committee, Busan IT Industry Promotion Agency, ... Read More

Exports to China Post Minus Growth for 16th Month

South Korean exports to China continued to post negative growth for the 16th straight month since July last year. According to the Korea International Trade Association, Korean exports to China dropped more than eleven percent year-on-year in October to some ... Read More

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