SEOUL/SEJONG, Nov. 13 (Korea Bizwire) – South Korea is engaged in a “partnership strengthening” endeavor with the Asian Infrastructure Investment Bank (AIIB) that can assist the mega institution in successfully engaging in future development projects, a senior official said Friday. Vice Finance Minister Joo Hyung-hwan said in a conference hosted by the Korea Chamber of [...]
SEOUL, Nov. 9 (Korea Bizwire) – China’s economic slowdown is feared to have a significant negative impact on the South Korean economy that is highly dependent on the neighboring country for its exports, a leading state think tank said Monday. In a report on the world’s second-largest economy, the Korea Development Institute (KDI) said that [...]
BANGKOK, Thailand and SEOUL, South Korea, Nov. 2 (Korea Bizwire) — Taboola®, the world’s leading discovery platform, today announced an exclusive, media partnership with Purplefriends, a full-service marketing agency based in the Republic of Korea, and a member of Yello Digital Marketing (YDM), one of Asia’s leading digital marketing groups. The collaboration will expand on [...]
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 [...]
SEOUL, Oct. 16 (Korea Bizwire) – South Korea’s exports are expected to continue to decline in the remainder of the year amid low oil prices and a slowing Chinese economy, a poll showed Friday. The country’s leading export sentiment index came to 48.6 for the October-December period, down 3.3 points from the previous quarter, according [...]
SEOUL, Oct. 14 (Korea Bizwire) – A traditional Hanbok (traditional Korean outfit) designed by a young Korean designer caught the eyes of visitors at a fashion show in Hong Kong. Designer Jo Jin-woo displayed traditional and modern Hanbok at the Korea·Hong Kong Fashion Exchange held at PMQ Hong Kong. Jo Jin-woo is a designer for [...]
SEOUL, Oct. 13 (Korea Bizwire) – Outward expansion of South Korea’s research and development (R&D) has not led to meaningful improvements in productivity, raising the need to boost the effectiveness of related investments, official data showed Monday. Asia’s fourth-largest economy ranked No. 6 in R&D investment in 2013, but it still suffered from a chronic [...]
SEOUL, Oct. 11 (Korea Bizwire) – South Korea, China and Japan will hold anew round of talks in December aimed at forging a three-way free trade deal, China’s commerce ministry has said, citing “some positive developments” in the previous round of negotiations. Since launching the talks in late 2012, the three nations have made little headway toward a deal that, if successful, would create one of [...]
SEOUL, Oct. 5 (Korea Bizwire) – Chinese tourists, famous for leaving shelves bare when they shop abroad, went on a a shopping spree in Korea, Japan and the U.S. during the National Holiday of the People’s Republic of China. According to a Chinese journal, many Chinese tourists visited Korea and Japan during the holidays, with [...]
SEOUL, Sept. 8 (Korea Bizwire) – As the prospect that China will go through a much more severe economic slowdown than expected is spreading, concerns about the impact this will have on the Korean economy are growing. Korea has a bigger dependency on China compared to other countries. According to a report issued by The [...]