SEJONG, Feb. 14 (Korea Bizwire) – South Korea and Southeast Asian countries agreed to speed up negotiations to upgrade their free trade agreement, Seoul’s trade ministry said Tuesday, amid rising fears over trade protectionism. Seoul has been in talks with the 10 Association of Southeast Asian Nations (ASEAN) to improve the FTA, which took effect [...]
SEOUL, Nov. 2 (Korea Bizwire) – The ASEAN Fair 2016 kicked off at COEX Wednesday with chefs and food and beverage businesses from ten ASEAN member nations participating. The fair will be highlighted by the ASEAN Food Festival and an exhibit of ASEAN food and beverage products, providing ASEAN companies (some 100 participants) the opportunity [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
GANGNEUNG, June 10 (Korea Bizwire) – The Asean-Korea Centre is hosting the 2016 ASEAN School Tour Program Friday at Dano Culture Center in Gangneung, Gangwon Province. The event is being co-hosted with the Gangwon Education Office, Gangneung Office of Education, and Gangneung Dano Festival Committee, and some 450 middle school students and teachers from the city [...]
SEOUL, May 30 (Korea Bizwire) – A workshop to transfer South Korea’s fashion know-how to Indonesia will be held in the Southeast Asian nation this week, one of the event’s co-organizers said Monday. The Seoul-based ASEAN-Korea Center said it will co-host the event with Indonesia’s trade ministry. The ASEAN-Korea Center was launched by South Korea [...]
SINGAPORE, Sept. 9 (Korea Bizwire) – Cisco (NASDAQ: CSCO) — Cisco Investments today announced a US $10 million investment into Monk’s Hill Ventures’ innovation fund for start-up companies. This fund aims to drive innovation and technology disruptions across the Association of Southeast Asian Nations (ASEAN) by supporting early stage start-ups in companies that have solutions [...]
SEOUL, Aug. 24 (Korea Bizwire) - Trade procedures among the 10 countries forming ASEAN will be simplified, and import regulations will be loosened. The 10 ASEAN countries have signed an agreement that will increase the convenience of companies focused on the export market, with new regulations expected to simplify the trading procedures and remove or reduce [...]
SEJONG, May 22 (Korea Bizwire) — South Korea and the Association of Southeast Asian Nations (ASEAN) have agreed to expand customs-related cooperation to fuel trade, the government said Friday. The Korea Customs Service (KCS) said the understanding was reached at the 11th annual meeting of South Korea-ASEAN customs chiefs in Brunei on Thursday. The 10-member [...]
![[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy](http://koreabizwire.com/wp/wp-content/uploads/2014/12/34402175_m-800x512.jpg "[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy")
SEOUL, Dec. 15 (Korea Bizwire) – Foreign investment firms are putting out a series of optimistic forecasts for the stock market in 2015, which are overall more generous than those of domestic firms. For example, Fidelity Worldwide Investment, the asset management firm with US$280 billion under management, said in a recent report on the Korean market for [...]
Busan, Dec 15 (Korea Bizwire) – Jang Keun-suk, Korea’s actor and model known as one of the handsomest men in Asia, played host to the First Ladies who gathered at the Busan Cinema Center on December 12 while attending the 2014 ASEAN-Korean Commemorative Summit. It was reported that the three First Ladies were surprised to [...]