Wednesday, December 12, 2018

Korea ranks 15th in global competitiveness: WEF report

According to the World Economic Forum (WEF), Korea ranks 15th in global competitiveness among 140 countries. The photo shows the Sustainability Development Impact Summit...

DPM Kim urges IMF to play active role in helping the opening of N.K.

International Monetary Fund (IMF) Managing Director Christine Lagarde (left) and Deputy Prime Minister Kim Dong Yeon sign a memorandum of understanding (MOU) on Oct....

Korea, Indonesia to cooperate on car industry

Kang Sung-chun, deputy mister for trade at the Ministry of Trade, Industry and Energy, gives a speech during the first Korea-Indonesia Automotive Dialogue, at...

Korea’s GNI per capita jumps 14 spots

The World Bank released data showing the gross domestic product and gross national income per capita in each country in 2017 on Aug. 16....
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Gov’t to ease restrictions on fintech

Financial Services Commission Chairman Choi JongKu (left) discusses ways to boost the fintech industry with heads of banks. (Financial Services Commission) By Kim Eun-young and Kim Young Shin  Financial...
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NK economy shrinks as sanctions bite

According to the Bank of Korea’s ‘Growth Estimate of the 2017 North Korean Economy’ released on July 20, North Korea's gross domestic product (GDP)...
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BOK freezes rates at 1.5%

The Bank of Korea (BOK) announces its decision to keep Korea's key interest rate at 1.50 percent in its Monetary Policy Board meeting on...
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Korea pushes for new energy sources

A Korea Gas Corporation (KGC) employee explains how LNG is transported to representatives from the Ministry of Trade, Industry and Energy, in front of...
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Peace to help AIIB achieve its goals: finance ministry

First Vice Minister of Strategy and Finance Ko Hyoung-kwon (left) shakes hands with the president of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun,...
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Japanese tourists return to Korea

Japanese tourists are coming back to Korea, as tensions on the Korean Peninsula alleviate. The photo shows Japanese tourists waiting in a line to...
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Consumer sentiment rises amid improved South-North relations

A traditional market in Seoul is crowded with hungry diners. (Korea.net DB) By Lee Yoonseo and Kim Young Shin  The Consumer Composite Sentiment Index (CCSI) rebounded in May after...
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Korea, Mercosur begin trade negotiations

Authorities from Korea and South America pose for a photo during trade negotiations. From left are Uruguayan Foreign Minister Rodolfo Nin Novoa, Paraguayan Foreign...
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First-ever Korean expo held in Moscow

Visitors look at the goods on display at the 2018 Korea Brand & Entertainment Expo, in Moscow on May 14. By Park Hye Ri and Yoon Sojung Photos =...
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Korea files WTO complaint over US tariffs

Korea filed a complaint with the World Trade Organization (WTO) over the U.S.'s safeguard tariffs on washing machines and solar energy products, the trade...
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IMF predicts 3 percent growth for Korea

The IMF forecasts on April 17 that Korea’s GDP growth rate for 2018 and 2019 will be 3.0 and 2.9 percent, respectively. (Korea.net DB) By Park...
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Korea invests USD 2.2 billion in overseas aid in 2017

A volunteer for the Korea International Cooperation Agency (KOICA) teaches elementary students about sanitation and hygiene, in Cambodia in December 2017. (KOICA) By Kim Eun-young and Sohn JiAe  Official...
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Korea helps Vietnam develop call centers

Yang Gwon Mo, a general manager from the Gwangju Call Center, and a representative from the Vietnamese Social Security (VSS) bureau gather during a...
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Korea to head WTO Safeguard Committee

The World Trade Organization (WTO) appointed Kwon Hyouk-woo, the head of the Permanent Mission of the Republic of Korea in Geneva, as the chairperson...
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Korea signs FTA with 5 Central American countries

Trade Minister Kim Hyun-chong (third from left) joins hands with ministers from five Central American countries at the Korea-Central America Free Trade Agreements (FTA)...
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Korea, Vietnam trade continues to grow, expand

As President Moon Jae-in visits Vietnam, the Minister of Trade, Industry and Energy Paik Ungyu (right) and Vietnam’s Minister of Industry and Trade Tran...

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