South Korea plans to continue efforts to tame inflation amid the annual "gimjang" season during which households make kimchi ahead of winter, the deputy finance minister said Thursday.The remark followed reports that this year's average price of making kimchi with 20 cabbages is estimated at 191,000
On the 16th, the Korea Agriculture and Rural Development Administration held a research site meeting for eight foreign journalists from five countries, including France, Japan, and Russia, to introduce the agency and its research institutes.The meeting was organized to introduce Korea's agricultural
By Feature Editor Lee Sam-sun, Reporter Richard ParkKorea Trade-Investment Promotion Agency (KOTRA), led by CEO Yoo Jung-yeol, held the 'SEOUL FOOD in NY Pop-up Store' in New York City for two days beginning on Nov. 17, 2023 to support Korean food companies to enter the North American export market.
The Samsung Business Group, the largest business conglomerate in Korea, greeted its 85h birthday on March 22, 2023. It was the first anniversary day since Chairman Lee Jae-yong assumed the chairmanship of Korea’s largest business group from his father, former Chairman Lee Kun-hee. The occasion also
By Yang Yi, People's DailyThe economic growth of the Asia-Pacific region is expected to reach 4.6 percent this year, up from 3.9 percent in 2022, according to the Regional Economic Outlook for Asia and Pacific recently released by the International Monetary Fund (IMF).The report said that "economic
By Liu Tianliang, People's DailyChina's door of opening up will only open wider, and will never be closed. This is a promise China has made to the world.Chinese President Xi Jinping announced at the opening ceremony of the third Belt and Road Forum for International Cooperation that China will remov
By Yu Yichun, Zhao Yipu, People's DailyChinese President Xi Jinping sent a letter to the sixth China International Import Expo (CIIE) on Nov. 5.Xi said China will always be an important opportunity for global development, firmly advance high-standard opening up and continue to make economic globaliz
By Liu Zhiqiang, People's DailyChina's GDP grew 5.2 percent year on year in the first three quarters of 2023, reaching 91.3 trillion yuan (about $ 12.7 trillion), according to statistics recently released by the country's National Bureau of Statistics (NBS).The growths in the first, second and third
South Korea's car exports moved up 9.5 percent on-year in September on the back of stronger demand for eco-friendly cars, including electric vehicles (EVs) and hydrogen models, the industry ministry said Wednesday.The combined value of car exports reached US$5.23 billion in September, compared with
By He Yin, People's DailyThis year's Mid-Autumn Festival and National Day holiday saw packed tourist sites, sold-out cinemas and restaurants, and record-high numbers of travelers, showcasing vigorous vitality across China.This has drawn significant global attention in recent days. It is believed the
The trade organizations of South Korea and Poland have signed a tentative agreement to cooperate on reconstruction projects in Ukraine, the Korea International Trade Association (KITA) said Friday.Under the agreement signed Thursday in Warsaw, KITA and Poland's Union of Entrepreneurs and Employers,
Dilma Vana RousseffThe New Development Bank (NDB) is a product of the further maturation of the BRICS cooperation mechanism: the initiative to set up a multilateral development bank was first put forward at the fourth BRICS leaders summit in New Delhi in India in 2012, and consensus was reached on a
By He Yin, People's Daily"In recent days, a growing number of global financial institutions have increased or planned to increase their holdings of Chinese assets, indicating confidence in the recovery of the world's second largest economy with solid supportive measures in place," said a recent arti
By Business Editor Lee Sam-sunThe return of Korea’s major Jaebeol business groups such as Samsung, SK, Hyundai and LG to the Federation of Korean Industries (FKI), an organization of Korean top business conglomerates, is expected to materialize very soon. TThe FKI, which is changing its name to the
By Li Zheng, People's DailyChina's consumer market is thriving this summer.Family trips and cross-province tours are recovering. A prosperous night economy represented by night markets, midnight snacks and night boating activities is enriching urban business forms. The booming consumption exactly mi
By He Yong, People's DailyThe Global Digital Economy Conference 2023 was recently held at the China National Convention Center in Beijing.At the event, Beijing and 18 partner cities, including Abu Dhabi, jointly released the global digital economy partnership city cooperation initiative.The initiati
By He Yin, People's DailyThe 14th Annual Meeting of the New Champions, also known as the Summer Davos, recently opened in north China's Tianjin municipality, where participants jointly discussed the prospects of the world economy and explored the way of recovery.Participants from all over the world
By Jiang Yunlong, Li Ya'nan, People's DailyThere's a 2,712km railway in northwest China's Xinjiang Uygur autonomous region. It crosses desert, the Gobi, and no man's land and stretches in scorching heat, sand storms and extreme coldness. It connects multiple places in five prefectures in southern Xi
By Feature Editor Kim Hyung-daeThe Rural Development Administration (RDA) is celebrating its 61st anniversary this year. Launched on April 1, 1962, the year when the First Five-Year Plan for Economic Development began, the agency has served as the leader of Korea's agricultural revolution.It has tak
By Qiang Wei, People's DailyThe SCO Industrial and Supply Chains Forum and the 2023 SCO International Investment and Trade Expo kicked off recently in Qingdao, east China's Shandong province.A total of 330 enterprises and organizations from 34 countries and regions, including the Shanghai Cooperatio