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S. Korea Receives U.N. Investment Promotion Award

SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s trade investment promotion agency has received an award from a United Nations body in recognition of best practices in promoting investment in healthcare sectors amid the COVID-19 pandemic, officials said Wednesday. Invest Korea, the country’s investment promotion unit under the Korea Trade-Investment Promotion Agency (KOTRA), was chosen [...]

49% of Incentive for Foreign Investments Given to KOTRA’s Own Employees

SEOUL, Oct. 21 (Korea Bizwire) – In bringing about opposite results for its program to attract more foreign investment, the Korea Trade-Investment Promotion Agency (KOTRA) turned out to have given half of its incentives none other than to its employees, rather than granting it to the eligible outside candidates. According to National Assemblyman Lee Chae-ik [...]