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Gov’t to Foster Prestigious, Long-Running Companies

The Small and Medium Business Administration said on Tuesday that a revised bill has been proclaimed for a law on promoting small-and mid-sized firms, setting the stage for the government to foster small companies into ones that last for more ... Read More

More “China Desks” to be Established Nationwide

The government will exert further support for small- and mid-sized firms making strides to advance into China as Monday marked 100 days since the South Korea-China free trade agreement(FTA) took effect. The Ministry of Trade, Industry and Energy announced on ... Read More

Consumer Sentiment Improves for the First Time in 4 Months

The nation's consumer sentiment has marked an improvement for the first time in four months, indicating that the domestic financial market may be stabilizing amid eased jitters about the global economy. Bank of Korea(BOK) data on consumer trends for March ... Read More

Samsung to construct a $300 million R&D center in Vietnam

Samsung is investing $300 million in Vietnam to set up a research and development center in Hanoi. The Vietnamese government has approved Samsung’s plan to build a mobile communication research and development facility, the government has allowed the company to ... Read More

Government to check non-tariff barriers against Korean goods

The Korean government will conduct a close inspection of non-tariff barriers in overseas markets that restrict sales of Korean-made goods as part of its efforts to prop up faltering exports, the trade ministry said Friday. The Ministry of Trade, Industry ... Read More

S. Korea, 6 Central American Countries to Hold FTA Talks in Seoul

The Ministry of Trade, Industry and Energy announced on Monday that it will hold free trade negotiations with six Central American countries in Seoul, for three days starting from Tuesday. Since declaring the launch of free trade talks with the ... Read More

Coffee Shop in a Bank

COFFEE SHOP IN A BANK -- Woori Bank CEO Lee Kwang-goo (sixth from left) poses with Suk Jae-won (seventh from left), CEO of M’s Seed, the Korean operator of Australian premium coffee chain Paul Bassett, at their first collaborative shop-in-shop ... Read More

Study: S. Korea-China FTA Boosts Trade

A recent study has reported that South Korean exports of items benefitting from high tariff cuts under the South Korea-China free trade agreement(FTA) have gone up. A study by the Korea International Trade Association’s Institute for International Trade unveiled on ... Read More