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Economy

#Key Business Issue

Korea-Peru free trade agreement and its economic implications

2010-09-06

The door to the vast Central and South American market has opened wider for Korea, as Korea concluded a free trade agreement with Peru on August 30th ...

#Key Business Issue

Korea will secure a steady supply of lithium

2010-08-30

Lithium is used in electric cars, mobile phones, and laptop computers as a vital component of the secondary battery. Now Korea stands to enjoy a steady ...

#Key Business Issue

New phase of Korea-Japan relations

2010-08-23

August 22nd of this year marked the centennial of one of the most humiliating incidents in Korean history, Japan’s annexation of Korea. But rather ...

#Key Business Issue

Key Interest Rate Frozen at 2.25%

2010-08-16

Korea’s key interest rate was left unchanged this month, following a rate hike in July for the first time in 17 months from a record-low 2.0 percent. ...

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Construction of Maglev Train Track Begins

2010-08-09

Before long, magnetic levitation trains using a magnetic field to float above the rails will likely serve as another means of urban transportation, ...

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KOSPI Market Cap Nearing W1 Quadrillion

2010-08-02

The total value of shares listed on Korea’s main stock market is expected to soon hit 1,000 trillion won, when the Korea Composite Stock Price Index, ...

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Smart Work System

2010-07-26

Many Koreans will likely benefit from the “smart work” system, in which employees can work anywhere, anytime, using the latest information technology ...

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Pending KORUS FTA Issue Resurfaces

2010-07-19

On April 2nd, 2007, South Korea and the U.S. declared the conclusion of the talks on a bilateral free trade agreement, 424 days after the negotiations ...

#Key Business Issue

Five economic keywords Korean firms should learn well in 2010

2010-07-12

The second half of the year 2010 has begun and hopes are running high. However, the prolonged fiscal troubles of southern European nations, concerns ...

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Korea’s surging trade and its implications for the Korean economy

2010-07-05

June 2010 will long be remembered as a record-setting month in Korean trade history. The nation broke trade records in total export volume, trade ...

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