May 27 2016

Consumption Propensity Hits Record Low for Q1

A South Korean household's average monthly income rose eight-tenths of a percent year-on-year in the first quarter to over four-point-five million won, or about three-thousand-860 U.S dollars. However, real income growth, factoring in inflation, actually dropped by zero-point-two percent. According to ... Read More

May 27 2016

Kepco Named World’s No. 1 Public Electric Company

The state-run Korea Electric Power Co., the nation's largest utility giant, was ranked 97th for 2016 in an annual ranking of the top 2,000 public companies in the world, released by forbes, a U.S. business magazine. The surveyor said the ... Read More

May 26 2016

S. Korea’s Imports of US Fishery Increase 47% under KORUS FTA

South Korea’s imports of U.S. fishery products jumped 47 percent while its fishery exports to the U.S. increased 22 percent since the bilateral free trade agreement(FTA) took effect in 2012. According to data by the Ministry of Oceans and Fisheries ... Read More

May 25 2016

S. Korea’s Exports to China Falls for 10th Straight Month

South Korea’s exports to China fell for the tenth consecutive month in April, raising concerns that annual exports to Beijing will drop to a record low this year since the two countries established diplomatic ties in 1992. According to the ... Read More

May 24 2016

[Super Rich] Chaebol investing in K-pop industry

Korean chaebol -- family-controlled conglomerates -- are rushing to capitalize on K-pop which is steadily gaining global popularity. One example is LS Group. Koo Bon-woong, the grandson of late LG Cable & System honorary chairman Koo Tae-hoe and eldest son ... Read More

May 23 2016

Busan Global Gathering 2016

Saturday, 05.21.2016 Global Gathering 2016 held an 11th exhibition event cultural promotion international , this annual event in Busan, there are about 30 countries participated to enliven the international events, representing the state of Indonesia ITPC Busan participate in it, ... Read More

May 23 2016

Korea sees first biopharma trade surplus in 6 years

South Korea recorded a trade surplus in biopharmaceutical products last year led by a sharp growth in Celltrion’s overseas sales, the Ministry of Food and Drug Safety said Monday. Korea’s biopharmaceutical exports rose 37.4 percent on-year to $892.4 million in ... Read More

May 22 2016

S. Korea’s Exports May Rebound in May

South Korea’s exports are showing signs of a recovery so far this month. According to the Korea Customs Service on Sunday, the country’s exports marked 24-point-84 billion U.S. dollars in the first 20 days of May, up two-point-one percent year-on-year. ... Read More