SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s fiscal deficit surpassed 100 trillion won (US$73.51 billion) during the first half of 2024 amid weak corporate performances and rising state expenditures, data showed Wednesday. The managed fiscal balance, a key gauge of fiscal health calculated on a stricter term, posted a deficit of 103.4 trillion won [...]
SEOUL, Aug. 14 (Korea Bizwire) – Turkey is rapidly becoming a pivotal distribution channel for Korean and Japanese television dramas, reshaping the global entertainment landscape. As the world’s third-largest exporter of TV series, trailing only the United States and the United Kingdom, Turkish producers are increasingly turning to foreign dramas for inspiration, creating innovative content that [...]
SEOUL, Jul. 23 (Korea Bizwire) — South Korea will hold an array of cultural events, including contemporary dance, ballet and traditional crafts, in Paris during the 2024 Summer Olympics and Paralympics, to introduce Korean art to a wider audience. The country’s national art groups and institutions will perform and hold exhibitions in various locations across [...]
SEOUL, Jul. 10 (Korea Bizwire) – The National Museum of Korea is set to unveil a stunning collection of lacquerware from three East Asian nations, offering visitors a rare glimpse into the rich cultural heritage of the region. The special exhibition, titled “Three Countries, Three Colors: East Asian Lacquerware,” opens on July 10 in the museum’s [...]
SEOUL, Jun. 21 (Korea Bizwire) — The number of air travelers between South Korea and Japan surpassed the 10 million mark in the first five months of the year, as the weak yen drove tourists to travel to the neighboring nation, government data showed Friday. According to the Ministry of Land, Infrastructure and Transport, the [...]
SEOUL, May 13 (Korea Bizwire) — Business leaders of South Korea, Japan and China plan to convene in Seoul this month to discuss regional economic cooperation and strengthen exchanges, according to industry sources Monday. According to the sources, the Korea Chamber of Commerce and Industries, the Japan Business Federation and the China Council for the [...]
SEOUL, Apr. 18 (Korea Bizwire) — Senior trade officials from South Korea and the United States discussed preparations for the upcoming three-way talks of industry chiefs with Japan, Seoul’s industry ministry said Thursday. The discussion was made as Deputy Minister for Trade Yang Byeong-nae met with officials from the U.S. Department of Commerce and the [...]
SEOUL, Apr. 10 (Korea Bizwire) — South Korea is in talks with China and Japan to hold a long-stalled trilateral summit of their leaders around May 26-27, a news report said Wednesday. The three countries have entered into final consultations about holding the three-way summit in South Korea late next month, according to the Japanese [...]
SEOUL, Apr. 5 (Korea Bizwire) — South Korea is in talks with China and Japan to set a specific date to host a long-stalled trilateral summit next month, a foreign ministry official said Friday. “We are currently discussing the date of the summit in Seoul, and we will let you know the specific date as [...]
SEOUL, Mar. 15 (Korea Bizwire) — The unification ministry said Friday it has started discussions to draw up a new vision for unification between South and North Korea as it pushes to unveil the blueprint this year that espouses the principle of freedom. The Unification Future Planning Committee, an advisory committee launched last year designed [...]