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Households’ Overseas Spending Tops 8 Tln Won in Q3

Households’ Overseas Spending Tops 8 Tln Won in Q3

SEOUL, Dec. 6 (Korea Bizwire) – South Korean households’ overseas spending rose 16.8 percent in the third quarter from a year earlier on increased outbound travel to foreign countries, the central bank said Tuesday.  South Korean households spent 8.21 trillion won (US$7 billion) overseas in the July-September period, compared with 7.03 trillion won in the [...]

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 [...]

After 20 Years, S.M. Entertainment to Expand Overseas Base

After 20 Years, S.M. Entertainment to Expand Overseas Base

SEOUL, Dec. 7 (Korea Bizwire) – S.M. Entertainment will continue to tighten its stranglehold on overseas markets, as it celebrates its 20th anniversary this year, its CEO said Monday. Kim Young-min, who took the helm after founder Lee Soo-man relinquished the post in 2005, attributed the agency’s success to its pioneering spirit. “S.M. is what [...]