By Seo Jee-yeon, news reports The long-stalled multilateral global trade talks known as the Doha Development Agenda talks, or Doha Round, gained historic momentum for reinstatement as the 159 member nations of the World Trade Organization approved the first deal to boost global trade at their latest summit in Bali, Indonesia, over the weekend.The breakthrough was made after two decades of talks on Saturday, the last day of the ninth ministerial conference, which was held from Dec. 2-7 on the isl

The Small and Medium Business Administration grants funding and training for new start-ups through its venture support centers placed throughout the nation, according to the agency.Ventures are increasingly being considered as a viable solution to early retirement and unemployment issues, but are not easy to pursue without proper capital, knowledge and know-how, said SMBA officials.Even after a venture is established, there remains the greater challenge of sustaining its growth and development.T

The South Korean economy grew at the fastest clip in more than two years in the third quarter on recovering domestic demand and an increase in facility investment, the central bank said Thursday. Korea's gross domestic product (GDP), the broadest measure of economic performance, advanced 1.1 percent in the July-September period from three months earlier, unchanged from an earlier estimate, according to the Bank of Korea (BOK).The economy also grew at an identical pace of 1.1 percent on-quarter i

Trade ministers of South Korea and Canada have agreed to work toward early conclusion of a bilateral free trade agreement, citing what they called “significant progress” made at the latest round of talks, the Korean government said Wednesday.“Minister Yoon Sang-jick and Canadian Minister of International Trade Ed Fast noted that there had been significant progress in negotiations for the Korea-Canada FTA,” the Ministry of Trade, Industry and Energy said.The Yoon-Fast meeting was held earlier in

China rejected Wednesday concerns of a possible spying risk from U.S. lawmakers over a recent deal signed between a South Korean mobile carrier and China's Huawei Technologies Co.LG Uplus Corp., South Korea's third-largest mobile carrier, signed a deal in October with Huawei that allows the Chinese telecoms equipment maker to build a mobile network in South Korea, were some 28,500 American troops are stationed. U.S. defense officials and influential lawmakers, including Democratic senators Diann

South Korea's foreign-exchange reserves hit a record high in November on the back of increased profit on investment, the central bank said Wednesday. The country's foreign reserves totaled a record US$345.01 billion as of end-November, up $1.79 billion from the previous month, according to the Bank of Korea (BOK). The foreign reserves rose for the fifth consecutive month last month after declining by the largest amount in 13 months in June.In October, the figure grew by the biggest monthly gain