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Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

SEOUL/SEJONG, Jan. 28 (Korea Bizwire) – South Korea’s finance minister said Thursday that the government will make determined efforts to help companies make headway into untapped overseas markets like Iran, and revive exports as Asia’s fourth largest economy strives keep alive its economic momentum in the coming months. “We are facing challenges as uncertainties are [...]

Korea’s 2012 Game Market Reaches Almost 10 Tril. Won

Korea’s 2012 Game Market Reaches Almost 10 Tril. Won

SEOUL, Korea, Oct 23 (Korea Bizwire) – Korea’s game market is estimated at 9.75 trillion won in 2012, up 10.8 percent from the previous year’s 8.80 trillion won. By this year’s end the market is projected to have surpassed the 10-trillion-won level and up to 12 trillion won by 2015. The Ministry of Culture, Sports, [...]

New Settlement Scheme Expected to Relieve Cash Shortages for Small Merchants

New Settlement Scheme Expected to Relieve Cash Shortages for Small Merchants

SEOUL, Korea, Oct 23 (Korea Bizwire) – A new barter-based settlement scheme for small-sized merchants has been invented that would relieve the problem of liquidity for 6 million small business operators. Korea Barter Settlement System said on October 23 it has developed a new settlement scheme called “Extrade Card System” and earned a patent for [...]