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‘Telecommunications Costs Relatively Low in S. Korea Compared to 11 Nations’

A survey finds that telecommunications costs in South Korea are relatively low compared to other countries. The Korea Telecommunications Services Index Development Council said Friday that mobile communication fees in South Korea ranked third and fifth cheapest among eleven major economies last year. Reflecting ... Read More

Per Capita GNI Falls for the First Time Since 2009

Anchor: The central bank's newly released figures show that the nation's per capita gross national income last year fell for the first time in six years. Also last year, the country’s economic growth remained in the two percent range, the ... Read More

[Graphic News] Koreans’ overseas card spending hits record in 2015

Koreans’ use of plastic overseas hit an all-time high last year due to an increase in their outbound travel and direct buying from overseas online shops, according to industry data released Monday. The Credit Finance Association said overseas credit and ... Read More

Survey: Street Food Top Choice among Foreign Tourists

A new survey shows that foreign tourists look forward to trying South Korea's street food the most among things they wish to do in the country. The Korea Tourism Organization(KTO) on Tuesday released the result of its latest survey on ... Read More

Customs Service to Certify Custom-Cleared Products to Boost Exports

South Korea will introduce an official certification system for custom-cleared domestic products as part of efforts to boost exports. The Customs Service on Tuesday held a meeting at the Seoul Main Customs and announced a set of measures to boost ... Read More

OECD: Tourists to S. Korea Spend 1,600 USD on Average

The average expenditure by foreign tourists visiting South Korea in 2014 was found to stand at one-thousand-606 U.S. dollars per person. The Ministry of Culture, Sports and Tourism unveiled the figure on Monday, quoting the “Organization for Economic Cooperation and ... Read More

Exports Plunge Again in March

South Korea’s exports have plummeted so far this month, continuing a prolonged downslide. The Korea Customs Service said Monday that the nation exported goods worth 23-point-77 billion U.S. dollars between March first and the 20th, down 19-point-two percent from the ... Read More

Goyang, Changzhou Boost Economic Cooperation

Goyang City Mayor Choi Sung visited Chinese city Changzhou on Wednesday and signed a memorandum of understanding to boost bilateral cooperation, the city government said. The memorandum calls for the two cities to strengthen their friendship by cooperating on the ... Read More

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