By Publisher Lee Kyung-sik with Editors Kim Hyung-dae and Ms. Joy Cho, Reporter Kim Ka-hee The trade and economic relations between India and the Republic of Korea have gathered momentum in recent years with annual bilateral trade reaching $21.5 billion in 2018, crossing a $20 billion mark for the f

President Moon Jae-in urged today (Aug. 24) that the Korea people are required to observe the current social distancing rules to avoid falling into a possible lockdown as Korea faced a second wave of COVID-19 infections.The main cause of the sudden increase in the number of COVID-19 cases is largely

By Sofia SenbitCOVID 19 has revealed the capacity of some countries in terms of their internal health care system and their leadership in overcoming an unprecedented plague. On the contrary, it has shown the weakness and the lack of leadership in some of the world’s biggest powers. The lack of globa

The following article by Manish Chand was contributed by the Embassy of India in Seoul to The Korea Post media, publisher of 3 English and 2 Korean media publications since 1985.—Ed.A crisis can trigger ruin and catastrophe, but it also sometimes brings out the best in people and nations. More than

By Publisher Lee Kyung-sik with Editor Ms. Joy Cho, Reporter Jeong Won-shikAs of July 17, 2020, the total number of confirmed COVID-19 cases reached 13,672 with 293 deaths (fatality rate 2.14%) out of the total 1,451,017 persons tested and 1,414,235 persons found negative. In the world, the total nu

By Publisher Lee Kyung-sik with Reporters Jeong Won-shik, Kim Ka-hee President Moon Jae-in of the Republic of Korea said, “The significance of passing the Minimum Living Standards Act during the 15th National Assembly resonates ever more strongly.” Speaking at the National Assembly on July 16, 2020,

By Business Editor Kim Joo-hoPresident Moon Jae-in said, “The government, businesses and researchers have joined forces, and the private and public sectors have worked together as one, making it possible for us to successfully overcome the crisis without a single setback in production to date.” Pres

President Moon Jae-in urged the Korean people on July 2 to “Let’s consume for others’ sake and live together.” Here are excerpts from the message of President Moon:Hello. As everybody knows, exports and domestic demand are the two pillars that shore up our economy. In fact, however, neither is it a

The following article was contributed by the Embassy of the Repubic of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language media since 1985.—Ed. By Dr. Muhsinjon M. Kholmukhamedov, Center for Economic Researches and ReformsUntil mid-March, reside

The United Arab Emirates is one of the first countries to reach out and extend a hand of help to combat the novel coronavirus (COVID-19) outbreak, where it has started early planning of many humanitarian initiatives to help curb the spread of the virus. While the UAE continues its constant work of s

By Publisher Lee Kyung-sik, Editors Kim Hyung-dae, Ms. Joy ChoAmong the areas where Korean companies are most wanted in the Russian Federation are international production, development of industrial capacity, construction and regional infrastruec projects. This was disclosed by Trade Representative

The following article was provided by the Embassy of the United Arab Emirates in Seoul to The Korea Post media for publication.—Ed.The UAE has taken another step to resume economic activity by reopening gyms, cinemas, and increasing free movement in Dubai from May 28. Restrictions will remain in pla

On May 22, 2020, the board of directors of the Korea Uzbekistan Business Association was held on the 29th floor of the POSCO Tower in Songdo, Incheon. It was the official launching ceremony since the establishment of the corporation.The newly launched Korea Uzbekistan Business Association (Chairman

After the ruling Democratic Party and other pro-government paries won a landslide victory in the National Assembly elections on April 16, 2020, President Moon Jae-in said that he felt “an immense sense of responsibility, rather than joy.” Officials at the Presidential Mansion of Cheong Wa Dae in Seo

Trade, Industry and Energy Minister Yoo Myung-hee attended the G20 Extraordinary Trade and Investment Ministers Meeting through videoconference on March 30, and called for collaboration of member countries to facilitate mobility of businesspeople and maintain global supply chain.Issues raised by the

Shopee Korea, the largest e-commerce platform of Southeast Asia and Taiwan, announced it will recruit startups to participate in the startup accelerator program "Go, ASEAN! K-Startup Accelerating Program 2020 (KSAP 2020)," co-hosted with the Korea International Trade Association (KITA) and WeWork La

South Korean shares suffered a headlong fall Friday, in sync with global peers over the growing fallout from the new coronavirus, but recouped some of the earlier losses to close 3.4 percent down on impending market and economy-supporting measures.The Korean won finished at a six-month low against t

South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday.The country's state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (U

The surge in the number of confirmed cases of the novel coronavirus here is starting to cause serious fatigue among medical personnel, with manpower shortages becoming an issue in some hard-hit areas.Fatigue among medical staff has been most acute at hospitals designated to handle coronavirus patien

South Korean stocks fell more than 1 percent on Thursday as foreigners became net sellers for the fourth consecutive session amid the growing number of patients infected with the new coronavirus here. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI)