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  • Korea, Indonesia to cooperate on car industry August 28, 2018
    Kang Sung-chun, deputy mister for trade at the Ministry of Trade, Industry and Energy, gives a speech during the first Korea-Indonesia Automotive Dialogue, at the Lotte Hotel in Seoul on Aug. 24. (Min
  • Korea’s GNI per capita jumps 14 spots August 16, 2018
    The World Bank released data showing the gross domestic product and gross national income per capita in each country in 2017 on Aug. 16. The photo above shows a bird’s eye view of Seoul and Namsan Mou
  • Exports jump 6.2 percent in July, matching second-highest record August 2, 2018
    The Ministry of Trade, Industry and Energy announces that Korea’s July export topped USD 51.9 billion. (Yonhap News) By Lee Yoonseo and Kim Young Shin Korea’s exports in July jumped 6.2
  • Why are certain brands of Korean cosmetics and makeup so popular? July 25, 2018
    People wait in line to enter the Innisfree flagship store in New York in September, 2017.By Kim Eun-young and Hahm Hee-eunPhotos = Amorepacific All throughout 2017, many Korean cosmetic stores in New
  • Gov’t to ease restrictions on fintech July 24, 2018
    Financial Services Commission Chairman Choi JongKu (left) discusses ways to boost the fintech industry with heads of banks. (Financial Services Commission) By Kim Eun-young and Kim Young Shin
  • NK economy shrinks as sanctions bite July 23, 2018
    According to the Bank of Korea’s ‘Growth Estimate of the 2017 North Korean Economy’ released on July 20, North Korea's gross domestic product (GDP) in 2017 shrank 3.5 percent from the previous ye
  • Korea takes action against EU steel safeguard measures July 23, 2018
    Moon Seung-wook (right), director general at the Ministry of Trade, Industry and Energy (MOTIE), and other officers hold a meeting to establish measures against the European Union’s preliminary action
  • Gov't plans smart, eco-friendly cities July 17, 2018
    A visitor tries out life in a smart city through some VR gear at the Busan Eco-Delta City booth, at the DMC Hi-Tech Industry Center in Seoul on July 16. (Yonhap News) By Kim Eun-young and Kim Youn
  • BOK freezes rates at 1.5% July 13, 2018
    The Bank of Korea (BOK) announces its decision to keep Korea's key interest rate at 1.50 percent in its Monetary Policy Board meeting on July 12. (BOK) By Lee Yoonseo and Kim Min-Jeung The
  • Korea pushes for new energy sources July 13, 2018
    A Korea Gas Corporation (KGC) employee explains how LNG is transported to representatives from the Ministry of Trade, Industry and Energy, in front of a model of the KGC's new LNG terminal, at th