National | BusinessKorea

Saturday, July 22, 2017


The Korean government will ramp up burdens on large corporations and high-income earners.
Tax Raise
21 July 2017 - 6:15pm
The Korean government and the ruling party officially announced their intention to increase tax rates for the first time since President Moon Jae-in took office. The government will ramp up burdens...
The FDI in Vietnam made by South Korean companies totaled US$2.7 billion, which led South Korea to become the largest investor in the country
Largest Investor in Vietnam
21 July 2017 - 12:45pm
It has been found that Vietnam has recorded an average annual economic growth rate of 6.8% since 1990 based on a rapid increase in foreign direct investment (FDI). The FDI in the country has soared...
The U.S. interest groups are voicing different opinions on Korea-US FTA.
Different Position
18 July 2017 - 6:15pm
The United States is poles apart on the assessment of the South Korea-US Free Trade Agreement (KORUS FTA) depending on the industry. As the U.S. government claims the KORUS FTA only benefits South...
The National Pension Service (NPS) of South Korea has participated in the consortium to acquire stakes for the right to run the railway section of Eurostar located in the United Kingdom.
Investment in UK Infra
17 July 2017 - 11:00am
According to industry sources, the Ontario Teachers’ Pension Plan and Borealis Infrastructure recently agreed to sell their stakes in Britain’s High Speed 1 (HS1) rail project to a consortium made up...
Korea’s service account deficit is mainly due to a drop in Chinese tourists to Korea triggered by the aftermaths of the THAAD issue.
Retaliation Effect
14 July 2017 - 9:00pm
Korea’s service account deficit is expected to amount to about US$30 billion this year as a result of China's retaliations against the deployment of the Terminal High Altitude Area Defense Missile (...
An entrance to the Lotte Duty Free Shop located in Jung-gu, Seoul was not at all crowded with tourists on July 9.
Prolonged Retaliation
10 July 2017 - 11:30am
The Korea Tourism Organization announced on July 9 that 841,952 Chinese visited South Korea between March and May this year, when the Chinese government banned travel to South Korea. For reference,...
Kevin Brady, chairman of the U.S. House Committee on Ways and Means, stressed that the Trump administration should have a rigorous consultation with the U.S. Congress.
Hurdle to Trump’s Drive
6 July 2017 - 2:15pm
Kevin Brady, chairman of the U.S. House Committee on Ways and Means, recently said that the Donald Trump administration should have a robust and rigorous consultation with the U.S. Congress in...
Japanese Prime Minister Abe was talking with EU leaders at the EU headquarters in Brussels on Sept. 2016.
EU-Japan FTA
6 July 2017 - 1:00pm
The Ministry of Trade, Industry & Energy of South Korea said on July 5 that a free trade agreement (FTA) between Japan and the EU is likely to have a significant impact on South Korean companies...
Korean automakers complain that the imbalance in trade mentioned by the Donald Trump administration and its calculation based solely on export and import amounts makes no sense.
Complaints from Industry
4 July 2017 - 11:00am
U.S. President Donald Trump put pressure on the South Korean government for KORUS FTA renegotiation during his recent summit meeting with South Korean President Moon Jae-in. Under the circumstances,...
Korean government’s multilateral diplomatic capabilities are expected to be tested by the meeting with the Chinese President Xi Jinping at the G20 Summit held in Germany.
Debut on Int’l Stage
4 July 2017 - 11:00am
South Korean President Moon Jae-in visits Germany on July 6 to attend this year’s G20 summit, which takes place in Hamburg, Germany on July 7 and 8. On July 6, he meets with U.S. President Donald...
“Korea-China-Japan Governments Standards Cooperation Conference” and “Northeast Asia Standards Cooperation Form” will be at Lotte City Hotel in Jeju Island from July 3 to 5.
For Joint Market
3 July 2017 - 2:15pm
The National Institute of Technology and Evaluation (NITE) under the Ministry of Trade, Industry and Energy (MOTIE) announced on July 2 that it will hold “Korea-China-Japan Governments Standards...
South Korean President Moon Jae-in attended the business summit of the Korea Chamber of Commerce & Industry and the U.S. Chamber of Commerce that took place in Washington D.C. on June 28 (local time).
Investment in US
3 July 2017 - 11:15am
The Korea Chamber of Commerce & Industry and the U.S. Chamber of Commerce held a business summit in Washington D.C. on June 28 (local time). There, South Korean entrepreneurs decided to invest US...


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