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 [...]
SEOUL, June 27 (Korea Bizwire) – South Korea will maintain its friendly ties with Britain and the European Union on “solid” footing even after Britain leaves the world’s largest economic block, a foreign ministry official said Monday. The government will also keep its close cooperative ties with them on the diplomatic front, in particular, in [...]
SEOUL, Feb. 2 (Korea Bizwire) – South Korea will step up efforts to improve its ties with the Middle East as “true partners,” with the two sides confronted with “different but similar” security crises, a top Seoul diplomat said Tuesday. While struggling to cope with troubles from its nuclear-armed neighbor, South Korea is endeavoring to [...]
SEOUL, Nov. 1 (Korea Bizwire) – South Korea was found to be the most innovative nation in the world, a report by the European Union said Sunday. According to the Innovation Union Scoreboard 2015 issued by the European Commission, South Korea earned 0.759 point out of 1 in global innovation performance, topping the list of [...]