The trade surplus of US$2.44 billion in the first half of this year is largely attributed to a substantial inflow of dividend income from abroad, amounting to US$1.59 billion. This analysis points to the expansion of overseas direct investments by companies that had previously heavily relied on key
Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient.Acc
The Embassy of the United Arab Emirates (UAE) in Korea organized a webinar on July 20 to introduce the UAE's investment environment to potential Korean investors.The UAE-ROK Investment Forum at Grand Hyatt Seoul provided detailed information for each of the UAE's six priority sectors -- rese
The embassy of the United Arab Emirates (UAE) in Seoul announced on June 23 that it is participating in Imported Goods Fair 2022 (IGF 2022), which opened on the day at the COEX Convention Center for a three-day run, to promote various products from the Middle East country.UAE Ambassador to Korea Abd
COVID-19 is a challenge that demands companies and governments address multiple dimensions that go beyond the pandemic's health implications. The Korean government, says Lee Kang-shin, chairman of the Incheon Chamber of Commerce & Industry, needs to come up with policies to help companies naviga
The South Korean government is revising laws and increasing incentives to ensure that more large South Korean companies return to their home country.After the Act on Assistance to Korean Off-shore Enterprises in Repatriation was implemented in 2013, only 68 South Korean companies did so between 2014
South Korean manufacturers are increasing their overseas production amid the ongoing trade war between the United States and China. The companies, which are highly dependent on exports, are trying to avoid trade protectionism by doing so.According to the Bank of Korea, South Korea’s net exports base
Back in 2013, the South Korean government announced that the nation's GDP would increase by up to 45 trillion won (US$40 billion) if South Korean companies engaged in manufacturing activities in China in five different industries returned to their home country.The next year, the Act on Assistanc
The New Zealand Investment Seminar was held by New Zealand Trade & Enterprise at The Plaza Hotel in Seoul yesterday, with the goal to raise awareness about New Zealand’s attractiveness for investment, particularly for Korean investors. The event included a welcoming speech by Ambassador Clare Fearnl
The Korean won has depreciated at the most rapid rate in the world in the past month. Under the circumstances, a sudden withdrawal of funds is expected to have a particularly significant impact on the domestic financial market and the national economy as a whole.The won-dollar exchange rate soared b
On October 10, 2013, senior dignitaries from the Ajman Free Economic Authority (AFZA) in the United Arab Emirates (UAE) will be visiting Seoul to speak about investment opportunities in the UAE. The dignitaries hope to initiate and build a long and lucrative relationship of economic cooperation bet
A thin, weak woman has sparked international attention to the human rights of North Korean defectors. As news was made public that Chinese authorities will forcibly repatriate 31 North Korean defectors arrested by Chinese police in the northeastern Chinese city of Shenyang, Rep. Park Sun-young of t
Q: Major Korean companies such as Samsung and LG have recently been participating in several of your national projects, the scale of which is incredible. Please tell us about the background and meaning of such cooperation. Furth-ermore, what do you think are Korea’s strengths and advantages?A: I bel