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Commissioner Lee Won-jae of the Incheon Free Economic Zone Authority (Photo: IFEZ)Incheon City is planning to build a massive tourist complex in a hilly coastal area just west of Incheon International Airport after designating it as a free economic zone.According to the Incheon Free Economic Zone Au…
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Minister of Defense Chung Kyung-du shakes hands with U.S. Defense Secretary Mark Esper as they meet for the first time at the Defense Ministry in Seoul on Aug. 9 to reconfirm the crucial importance of the Korea-U.S. security alliance and close cooperation for denuclearization of North Korea. The new…
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Chairman Sohn Kyung-shik of the Korea Enterprises Federation (KEF) (Photo: CJ Group)Chairman Sohn Kyung-shik of the Korea Enterprises Federation (KEF) said, “At the current crisis situation, not only the government and labor should extend a helping hand to companies so that they can take a deep bre…
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Chairman-nominee Eun Sung-soo of the Financial Services Commission.Financial Services Commission (FSC) Chairman-nominee Eun Sung-soo faces a daunting task of minimizing the impact of global trade disputes on the domestic financial market, as he prepares for the parliamentary hearing on his nominatio…
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President Koo Bon-hwan of Incheon International Airport Corp. (Photo: IIAC)The Korean National Railroad was a government enterprise, spin off from the Ministry of Transportation, in September 1963. It had suffered chronic losses caused by lax management, promoting a public call to transform it into …
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President Kwon Pyong-oh of Korea Trade-Investment Promotion Agency (KOTRA).Korea Trade-Investment Promotion Agency (KOTRA) is extending a helping hand to SMEs and middle market enterprises using a combined 16.8 billion won in supplementary budget. KOTRA has set aside 10.8 billion won for an export v…
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Offices from MAFRA and aT hold a strategic meeting designed to expand exports under the New Northern Policy Market initiative at a newly opened aT branch in Vladivostok on July 11. (Photo: aT)The Ministry of Agriculture, Food and Rural Affairs (MAFRA) and Korea Agro-fisheries & Food Trade Corp. …
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President Kim Yong-ik of the National Health Insurance Service (NHIS) speaks at a session to report the outcomes of the 2nd anniversary of the President Moon Jae-in’s Care initiative at the Ilsan Hospital in Goyang on July 2. (Photo: NHIS)A health insurance deliberation committee failed to agree on…
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President Moon Jae-in shakes hands with Saudi Crown Prince Mohammed bin Salman at Cheong Wa Dae, the Presidential Office, on June 26 before holding talks. (Photo on the courtesy of Cheong Wa Dae website)Saudi Arabia and South Korea signed an $8.3 billion economic cooperation pact on June 26 during C…
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<President Moon Jae-in speaks about Japan’s export curbs to Korea during a meeting with economic and business leaders at Cheong Wa Dae on July 10. (Photos on the courtesy of Cheong Wa Dae website)>Korean-Japanese relations have soured to their lowest level in decades, reaching the point where…
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Vice Chairman & CEO Kim Jung-soo of Samyang Foods. (Photos: Samyang Foods)Samyang Foods, once a Korean ramen pioneer and legend, is making a splash in the global ramen market with Buldak Ramen, a spicy ramen brand. Buldak Ramen has establish…
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LG Chem CEO and Vice Chmn. Shin Hak-cheol and Sinopec Chmn. Hou Qijun applaud as both sides signed a deal to jointly develop core materials of the sodium-ion battery at LG Twin Tower in Yeouido, Seoul, Oct. 30. (Photo: LG Chem)LG Chem is joining forc…
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Chairman & CEO Choi Jin-shik of the Federation of Middle Market Enterprises of Korea (FOMEK), Minister for Trade Yeo Han-koo and Malaysian Amb. to Korea Dato' Mohd Zamruni bin Khalid pose with other attendees at speaking at “2025 MME Internation…
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Dignitaries, including Chmn. Shin Dong-bin of Lotte Group and Indonesian President Prabowo Subianto, applaud as they participated in a ceremony to dedicate a petrochemical plant, dubbed “Lotte Chemical New Ethylene (LINE),” in Cilegon on the island…
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