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 [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korean apparel received major attention at Milano Unica Rho 2019, Italy’s top-end textile fair. Students from Istituto Marangoni in Milan, one of world-class fashion schools, used Korean fabric to create five exquisite garments for the Korean exhibition hall. The Korea Trade-Investment Promotion Agency (KOTRA) joined hands with the [...]
SEOUL, Jan. 24 (Korea Bizwire) – The state-run Korea Trade-Investment Promotion Agency (KOTRA) said Thursday that exports are anticipated to grow 3.8 percent on-year to US$628.2 billion in 2019. It would mark the second consecutive year that South Korea exports top the $600 billion mark. Last year, the country’s shipments came to $605.5 billion, up [...]
SEOUL, Dec. 3 (Korea Bizwire) — The South Korean Consulate-General in Germany and the K-Move center held a joint conference in Frankfurt, Germany on November 30 to talk with young South Koreans about looking for jobs overseas. The meeting invited some 10 young South Koreans to talk about the difficulties in getting a job overseas, [...]
SEOUL, Apr. 11 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Wednesday it has signed a memorandum of understanding (MOU) with Saudi Aramco, the world’s largest crude exporter, to enhance bilateral cooperation in energy, trade, investment and other fields. KOTRA said it expects the MOU signed at KOTRA’s headquarters in southern Seoul on [...]
SEOUL, March 20 (Korea Bizwire) — While certain elements of day-to-day living have improved according to non-Korean staff employed at foreign-invested enterprises, there appears to be plenty of areas where South Korea can do better, as a recent KOTRA study found only 27.3 percent (300 foreigners employed at foreign-invested enterprises) expressed satisfaction with the management [...]
SEOUL, Sept. 7 (Korea Bizwire) — The state promotion agency said Thursday it will reinforce the big data platform, providing consulting to small businesses seeking business opportunities abroad that was launched earlier this year. The Korea Trade-Investment Promotion Agency (KOTRA) introduced the KOTRA Big Bot, constructed from the words big data and robot, in May [...]
SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, saw their sales growth in Chile slow down this year due to the won’s strength, a state-run trade promotion agency said Monday. In the January-July period, Hyundai’s sales in the Latin American market grew 11 percent on-year to 17,276 [...]
SEOUL, Aug. 2 (Yonhap) — South Korean companies face some 190 import tariff restrictions in 28 countries, with emerging markets accounting for over 70 percent of the barriers, a local trade promotion agency said Wednesday. As of June, Korean firms were involved in 154 antidumping and countervailing duty actions and 36 safeguard tariffs imposed by [...]
SEOUL, Jun. 19 (Korea Bizwire) — Southeast Asia’s online market is expected to expand sharply backed by the region’s huge population, which serves as a good business opportunity for South Korean companies, a report showed Sunday. In the report, the Korea Trade-Investment Promotion Agency (KOTRA) said the region’s online shopping market has been growing at [...]