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Korea Vows Better Environment for Foreign Investment
Vice Minister for Trade and Energy Cho Seok presided over the 3rd Foreign Investment Commission meeting on September 18 with the aim of promptly improving Korea’s business environment and infrastructure for foreign investment. At the meeting, the commission newly designated eight foreign investment zones tailored to meet the demands of major investors from Japan, the United States and the European Union. The new investment zones, which provide various incentives including tax benefits, are expected to create around 55,000 jobs directly and indirectly, and attract 2 trillion won in foreign investment. In addition, the commission decided to increase the level of financial support especially for leading global enterprises that cooperate closely in the R&D sector. Under the new measures introduced by the commission, the regional headquarters of multinational companies newly established in Korea will also be entitled to receive cash grants from the government. Meanwhile, in the coming months, the Ministry of Knowledge Economy plans to designate an industrial complex specializing in the parts and materials industry and hold investment forums in major Chinese cities including Shanghai, Guangzhou and Qingdao. * Released by the Foreign Investment Policy Division and the Foreign Investment Promotion Division date2012-09-27
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Retail Sales Figures for August
date2012-09-18
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IT Trade Figures for August
date2012-09-17
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MKE Releases Car Sales Figures for August
MKE Releases Car Sales Figures for August The Ministry of Knowledge Economy has released its car sales figures for August. The nation’s car production fell 25.9 percent year on year to 237,477 vehicles due to partial strikes at major automobile makers. Concerns over the economic slowdown coupled with weaker consumer sentiment drove the number of vehicles sold on the domestic market down 21.9 percent to 96,648 vehicles. However, sales of hybrid vehicles for the first eight months of this y date2012-09-11
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Trade Figures for August
date2012-09-04
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Retail Sales Figures for July
date2012-08-21
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IT Trade Figures for July
date2012-08-17
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MKE Releases Car Sales Figures for July
MKE Releases Car Sales Figures for July The Ministry of Knowledge Economy has released its car sales figures for July. Production declined 9.2 percent year on year to 355,627 vehicles, most likely the result of fewer working days and strikes at major automobile manufacturers. Even strong sales of imported cars and the introduction of new models could not counter the influence of weak consumer sentiment, which drove domestic sales down 2.9 percent. Sales of imported cars maintained solid growth, date2012-08-17