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Economy

Cost of hosting an ancestral tribute this year

2012-01-09

Lunar New Year’s Day, one of Korea’s two greatest traditional holidays, is coming in two weeks. The holiday is a welcome festivity for the Korean ...

#Key Business Issue

Economic outlook for the year 2012

2011-12-26

Ahead of the year 2012, major economic research institutes in Korea are busy announcing their growth projections for next year. The projections ...

Korea’s record-breaking coffee import

2011-12-26

This coffee shop located near Sejong Center in central Seoul is bustling with customers. A line of people ordering coffee stretches all the way to ...

Optical tweezers

2011-12-26

A team of Korean scientists has developed the “optical tweezers” which can easily handle nano-sized particles. This team, led by Professors Park ...

We’ll look at the growth of the toy market in time for the holidays

2011-12-26

High prices and a sluggish economy have dampened Koreans’ holiday spending this year in all areas except for one – the toy market for toddlers and ...

#Key Business Issue

Park Tae-joon, who paved the way for Korea’s economic growth by nurturing the top steel company, Posco

2011-12-19

Posco’s inaugural chairman and business tycoon, Park Tae-joon, passed away last Tuesday. He was lauded as a legend in the world steel industry and ...

Most commonly used banknote in Korea

2011-12-19

This convenience store near the bustling Namdaemun Market is filled with under 10,000-won products. But customers pull out 10,000-won bills even ...

Seawater-frozen ice skating rink

2011-12-19

The world’s first ice skating rink that is frozen with seawater is to be introduced at the PyeongChang Winter Olympic Games in 2018. Deep seawater ...

Rapid growth of pension programs in Korea

2011-12-19

Statistics Korea projected that the number of centenarians, or people 100 years or older, will increase by more than 30 times by 2060. The 100-plus ...

#Key Business Issue

Korea’s achievement of reaching a historic one trillion dollars in trade

2011-12-12

Korea’s overall trade posted a record one trillion dollars this year for the first time in history. This triumphant achievement came just a little ...

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