National | BusinessKorea

Friday, March 23, 2018


Lim Jong-seok, chief presidential secretary of Korea, is shaking hands with Mohammed Bin Zayed Nahyan, crown prince of the UAE in the afternoon of December 10.
What is the Truth?
18 December 2017 - 6:15pm
It has been found that Khadoon Khalifa al-Mubarak, chairman of the Emirates Nuclear Energy Corporation (ENEC) of the UAE in charge of the construction project for the Baraka Nuclear Power Plant which...
South Korea stood sixth in world export up two notches from last year and its share of world trade is expected to reach 3% for the first time.
World’s 6th Largest Trade Country
15 December 2017 - 8:30am
The Ministry of Trade, Industry and Energy (MOTIE) of Korea and the Korea Customs Service conducted a preliminary evaluation as of 2:20 pm on December 14 and found that Korea successfully re-entered...
The lack of joint press conference with regard to the summit talks between South Korea and China is said to hide their different opinions on THAAD deployment in South Korea.
Summit without Joint Press Conference
13 December 2017 - 10:15am
South Korean President Moon Jae-in and Chinese President Xi Jinping meet with each other in Beijing on December 14. Quite unprecedentedly, no joint press conference will take place with regard to the...
Korea Native Chicken Association Chairman Moon Jung-jin urged the Ministry of Trade, Industry & Energy to repeal the KORUS FTA on December 10.
Hot Potato in KORUS FTA
12 December 2017 - 10:15am
South Korea’s agricultural and livestock imports from the United States have increased all the way since the implementation of the Korea-US free trade agreement (KORUS FTA) in March 2012. Under the...
South Korean Deputy Prime Minister Kim Dong-yeon (fifth from the left in the front row) and economic ministers visited the Second Pangyo Techno Valley on December 11.
Korean Version of Silicon Valley
12 December 2017 - 10:00am
The South Korean government announced its plan for the promotion of the Second Pangyo Techno Valley on December 11. According to the plan, the place is going to be home to the world’s best ecosystem...
South Korea’s household debt-to-GDP ratio rose by one percentage point in the first half of this year alone, which was second only to that of China, 2.4 percentage points, among those of 43 countries.
Increasing Household Debt
11 December 2017 - 11:00am
The Bank for International Settlements (BIS) announced on December 10 that South Korea’s household debt-to-GDP ratio exceeded 90% to have a negative impact on its economic growth. According to the...
The net exports’ contribution to National economic growth rate is likely to be below zero for the third consecutive year for the first time since 1989 to 1991.
Negative Growth of Net Exports
11 December 2017 - 10:30am
South Korea’s net exports reduced the country’s economic growth rate by 0.9 percentage points in the third quarter of this year, according to the Bank of Korea on December 10. This trend has...
South Korea needs to focus on the attraction of highly-educated foreign workers into high-value added and professional sectors.
Increasing Number of Foreign Workers
11 December 2017 - 10:15am
According to the Bank of Korea on December 10, foreign workers are entering the South Korean labor market at a particularly high rate these days although the absolute ratio of foreign workers in the...
The Moon Jae-in administration is driving the New Northern Policy through economic cooperation primarily with Russia, which have been frequently halted whenever North and South Korea relations are strained. (photo courtesy: Cheong Wa Dae))
Conflicting Policy?
8 December 2017 - 8:30am
The New Northern Policy driven by the Moon Jae-in administration has been designed to promote cooperations primarily with Russia, which have been frequently halted whenever North and South Korea...
South Korea’s top 10 companies in terms of the amount of corporate tax payment are estimated to pay an additional 1.3 trillion won (US$1.19 billion) from next year.
Additional Corporate Tax
7 December 2017 - 11:00am
As the new law passed to raise the top marginal corporate income tax rate by 3 percent from 22 percent to 25 percent at the National Assembly plenary session on December 5, South Korea’s top 10...
EU put Korea on a blacklist of areas uncooperative in the tax sector. (photo courtesy: Yonhap)
Absurd EU & Incompetent Korean Gov’t
6 December 2017 - 10:15pm
The Korean government is showing haphazard responses to the EU’s announcement which put Korea on a blacklist of areas uncooperative in the tax sector. The Korean government believes that the EU...
Jeju Island’s land owned by foreigners increased by 970,000 square meters this year.
Land Owned by Foreigners
6 December 2017 - 11:30am
The Ministry of Land, Infrastructure and Transport said on December 4 that the area of Korean land owned by foreigners increased 0.3% (600,000 square meters) to 234.16 million square meters in the...


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