Business News

Is Your Business Financially Ready To Expand Overseas?

Korea is open for business, being the 6th largest export economy in the world. Basing your company here gives you access to markets all over the world, and can help you to expand your operations and ultimately increase your profit margins. However, overseas expansion can also be a risky strategy.

First Speakers Revealed for AD STARS 2019

AD STARS 2019 will bring together some of the world’s most inspiring creative, production and technology experts over three days from 22nd to 24th August in Busan, South Korea.

Busan Falls Out of Top Ten in World MICE City Rankings

Meetings, Incentives, Conferencing, Exhibitions

Attendance at Korean Theme and Water Parks Decreased Sharply Last Year

Attendance at Korea's major theme parks and water parks were down significantly from 2017.

AD STARS 2019 Extends its Entry Deadline Until May 31

AD STARS 2019 has announced it has extended this year’s entry deadline until Friday 31st May 2019.

“Zero Pay” Payment System Available at Convenience Stores Around Busan

The Busan Ministry of SMEs and Startups said yesterday that the state-sponsored 'Zero Pay' mobile payment system is now available for customers to use at more than 2,400 convenience stores in Busan including CU, GS25, Seven Eleven, and Mini Stop. 

Renault Moving Twizy Production to Busan

The City of Busan signed a memorandum of understanding (MoU) with Renault Samsung Motors (RSM) and Dongshin Motech (DST), one of the automotive body parts suppliers for Renault Samsung, to relocate their electric vehicle factory to Busan to produce the Renault Twizy, an electric minicar, in its Busan plant.

How Blockchain Projects Around the World are Turning to Korea for Global Reach

Continuing the recent expansion into Korea, on November 9th, Primas held an offline meet-up in Seoul. In attendance were hundreds of blockchain enthusiasts, investors and representatives from research institutes across the country.

More Bad Economic News as KOSPI Falls to Almost Two Year Low

Seoul shares fell below the psychologically important 2,000 mark today as foreign and retail investors dumped stocks amid a lack of upside momentum. The won rose against the U.S. dollar. 

Korea Bans Fire-Prone BMW’s Under Recall that Haven’t Been Inspected

A total of 39 engine-related fires in BMW cars, mostly the best-selling 520d sedan, have been reported this year in South Korea. Fortunately, no injuries nor fatalities have been reported thus far.

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