This economic wave may be too high for South Korea to crest, a country whose economy is 90 percent exports. To make things worse, the wind blows unfavorably for the cargo ships that carry Made in Korea products to the rest of the world. The surge of the waves and the whip of the winds seem to undermine the Land of the Morning Calm. And the prediction that South Korea may see a record deficit in trade in 2009 amid a global recession is the cloud that casts a dark shadow over the country 13th in t... [2008-12-16]

The Economist predicted in its recent "The World in 2009" edition that the world economy in 2009 would be in recession. The magazine reported that industrialized countries will merely expand by 0.3 % next year while the growth rate of developing countries will slip to 5.9 %, a full percentage point lower than in 2008. In other pages, The Economist hinted, with its headline "No More Business as Usual," that world business would not be easy. In short, all signals that used to reveal the state of t... [2008-12-16]

Potential investors or foreign- invested companies currently operating in the Republic of Korea have a friend and ally in Chung Tong-soo, Head of Invest KOREA. The government agency, which is a part of the Korea Trade-Investment Promotion Agency (KOTRA), is directly concerned with both attracting new foreign direct investment (FDI) into the country and helping investors in Korea with whatever problems they may have. In an interview with the Korea IT Times, Chung Tong-soo spoke first about the ... [2008-12-16]