SEOUL, Oct. 26 (Korea Bizwire) — New data shows that South Korea is one of the 10 largest importers (in terms of price) of coffee products produced in the European Union (EU). According to Eurostat, the EU’s statistics agency, the sum amount of coffee products exported from the EU to South Korea last year totaled [...]
SEOUL, Aug. 14 (Korea Bizwire) — Over the past five years, during which the free trade agreement (FTA) between South Korea and EU entered effect, the number of European-made cars imported to South Korea grew by 95 percent, while the number of Korean-produced vehicles exported to Europe grew by just 13 percent. According to the [...]
BRUSSELS, Dec. 14 (Korea Bizwire) — The European Union has said South Korea could be off its tax haven blacklist as soon as late January, if the country promises to amend or scrap tax breaks for international companies. South Korea was branded as a tax haven along with 16 other countries including Mongolia and Namibia according [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea slammed the European Union (EU)’s decision on Wednesday to put Asia’s fourth-largest economy on a new EU blacklist of tax havens, saying that its inclusion is “not in accordance with international standards” and poses the risk of “violating taxation sovereignty.” On Tuesday, the EU disclosed a blacklist [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korean small and medium enterprises (SMEs) have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years, data showed Wednesday. A total of 62.4 percent of Korean companies remained opened [...]
SEOUL, Aug. 30 (Korea Bizwire) — FC Barcelona’s South Korean prospect Lee Seung-woo will move to the Italian side Hellas Verona FC, a source close to the player said Wednesday. The source said Lee decided to join the Serie A outfit on a four-year deal and will complete his medical later Wednesday. Italian media reported [...]
SEOUL, May 30 (Korea Bizwire) – The average suicide rate among South Koreans is 2.6 times higher than that of the European Union, according to new statistics. According to Eurostat, the EU’s official statistics institute, 58,000 of 4.9 million Europeans who died in 2014 took their own lives, accounting for 1.2 percent of all deaths [...]
VIENNA, Austria and NEW YORK, Mar. 31 (Korea Bizwire) — Nasdaq BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (GRC), announced today that it has been selected by Erste Group, one of the largest financial services providers in Central and Eastern Europe and headquartered in Austria, to support and further enhance [...]
CHENGDU, China, July 24 (Korea Bizwire) – South Korea’s finance minister said Sunday a bilateral free trade agreement (FTA) with the European Union (EU) should be further developed despite Britain’s recent exit from the world’s biggest economic bloc. “The South Korea-EU FTA should continue to develop despite Brexit,” Finance Minister Yoo Il-ho said. The free [...]
SEJONG, July 8 (Korea Bizwire) – South Korea and the European Union on Friday joined hands to develop the former’s greenhouse gas emissions trading system (ETS) in a way to bolster their bilateral cooperation on climate change, the finance ministry here said. In a ceremony held in Seoul, the Seoul-Brussels joint emissions trading system cooperation [...]