National | BusinessKorea

Sunday, February 25, 2018


Expect photos like this one of Saint Basil’s Cathedral in Moscow to start popping up on Kakao Story and Naver blogs more often starting January 2014.
No Visa Agreement
12 November 2013 - 3:18pm
South Korea and Russia decided to make an agreement on mutual visa-free travel for 60 days starting in January 2014. Both sides also made a decision to conduct a preliminary feasibility study for a...
The Lockheed Martin F-35A Lightning II is likely to be Korea’s next-generation fighter jet.
Korea’s Next-Gen Fighter Jets
12 November 2013 - 3:02pm
Lockheed Martin’s F-35A is expected to be chosen as Korea’s next-generation fighter aircraft. The final decision will be made after deliberation at a Joint Chiefs of Staff Council meeting in late...
Yuan Popularity in North Korea
12 November 2013 - 2:16pm
On November 11, a South Korean diplomat in Beijing revealed that Chinese currency is getting more popular in North Korea than the US dollar, as transactions via the Chinese currency renminbi make it...
Ssangyong Motor CEO Lee Yoo-il (right) poses with CFO Bharat Doshi of Mahindra And Mahindra Group (center) and Pawan Goenka (right), president of the automotive and farm sector of the Indian company, at a press conference in Seoul on March 15.
An Unusual Visit
11 November 2013 - 1:01pm
The opposition parties’ lawmakers from the Environmental and Labor Committee of the National Assembly of Korea will visit the headquarters of India’s Mahindra and Mahindra Group to discuss ways to...
The Lockheed Martin F-35 Lightning II.
Fighter Procurement
8 November 2013 - 4:30pm
Lockheed Martin can now offer lower prices for F-35 fighter jets than originally proposed for Korea’s next-generation fighter jet procurement program.  At a forum hosted by the Korea Economic...
The Korean Intellectual Property Office Commissioner Kim Young-min poses with the acting commissioner of the US patent office Teresa S. Rea after a meeting on October 21.
“Patent Prosecution Highway”
8 November 2013 - 3:35pm
Staring next January, 13 nations including the US, Japan, and Australia will provide faster patenting processes.  On November 6, the Korean Intellectual Property Office announced it agreed to the...
Criticism on Korean IE Use
8 November 2013 - 3:02pm
The Washington Post (WP) reported that South Korea is one of the few countries heavily reliant on Microsoft Internet Explorer.  In a November 6 article posted on its website, WP said that Google’s...
Car Insurance System
8 November 2013 - 2:02pm
Financial authorities began revising the automobile insurance policies for car repairs. They agree that the current discount and premium system can no longer handle the unreasonable amounts of...
UK Prime Minister David Cameron greets President Park Geun-hye at 10 Downing Street in London on November 6.
Korea-UK Summit
8 November 2013 - 12:05pm
Korean President Park Geun-hye and British Prime Minister David Cameron agreed to double mutual trade and investment to US$20 billion and US$45 billion each within the next seven years. Trade and...
The railroad linking the Russian eastern border town of Khasan to North Korea’s port of Rajin was reopened in September 2013 after a five-year renovation.
Outpost Project for TSR
7 November 2013 - 12:30pm
South Korea and Russia are going to sign a memorandum of understanding for comprehensive transportation cooperation to utilize the Trans-Siberian Railway (TSR).  According to an industry source on...
Foreign Exchange Reserve
6 November 2013 - 1:46pm
Korea has been holding the highest amount of foreign exchange for four consecutive months. On October 5, the Bank of Korea announced the amount of its foreign exchange holdings at the end of October...
UPP members including head Lee Jung-hee (2nd from right), Rep. Kim Mee-hee, Rep. Kim Sun-dong (left) and UPP’s floor leader Oh Byung-yoon (2nd from right) demonstrate against gov’t proposal of petition for UPP’s disbanding on the evening of Nov. 5.
Unprecedented Petition
6 November 2013 - 12:20pm
The Korean Cabinet passed an unprecedented petition calling for the disbanding of a minor leftist opposition party. The petition to disband the Unified Progressive Party (UPP) was filed two months...


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