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Tongyeong Oyster Tasting Event to be Held at White House

Fishery products from the southeastern coastal city of Tongyeong will be introduced at the White House as part of a promotional campaign. The city in South Gyeongsang Province said on Monday that it will hold promotional events featuring local oysters, ... Read More

Study: More than 70 Percent of S. Korean Billionaires Heirs to Wealth

A recent study has shown that more than 70 percent of South Korean billionaires inherited their wealth. A study by the U.S.-based Peterson Institute for International Economics(PIIE) said 74-point-one percent of South Korean billionaires were heirs to their wealth. The ... Read More

Korea Exchange to Encourage English Public Filings

The Korea Exchange(KRX) announced Monday that it will encourage firms to increase English-language public filings from next month. The South Korean bourse said it will not oblige firms to distribute above-par English filings but will offer relaxed penalties for firms ... Read More

Six S. Korean Firms Receive UAE’s Halal Certificates

The Ministry of Agriculture, Food and Rural Affairs held a meeting on Thursday seeking ways to expand South Korea’s exports to halal markets. The meeting saw the participation of exporters of halal foods and related agencies. At the meeting, the ministry delivered halal food processing certificates ... Read More

S. Korea Wins WTO Suit on US Anti-dumping Duties on Washing Machine

The World Trade Organization (WTO) has ruled in favor of South Korea in an anti-dumping dispute between Seoul and Washington over South Korean washing machines. Seoul's Ministry of Trade, Industry and Energy said Friday that a WTO Panel on the case found that ... Read More

Kementerian Keuangan Harapkan Peningkatan Ekspor dan Permintaan Domestik

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Corporate Korea ups dividends

This is the first installment of a three-part series looking into Korean companies’ dividend payout policies, the reasons behind them and future prospects. -- Ed. Corporate Korea, infamous for being stingy in returning profits to shareholders, is warming to investors ... Read More

Trade Ministry Tightens Control of Strategic Goods

The Ministry of Trade, Industry and Energy has tightened control of shipments of strategic goods as the government is moving to impose its own sanctions against North Korea. The ministry said on Tuesday that it recently sent emails to about ... Read More