The Korea Chamber of Commerce and Industry said Wednesday that free trade agreements benefit domestic companies that export products to the U.S. and Europe. From May 7-10, KCCI conducted a survey for 600 companies that export both to the U.S. market and the European market. The survey inquires whether these companies can actually benefit from the free trade agreements.According to the survey, 68 percent of the companies found Korea-EU FTA helpful, and 59 percent found Korea-U.S. FTA favorable to

Hyundai Motor Co. announced on Tuesday that it will host an academic research forum in Tokyo on June 15 as a way to recruit outstanding Korean talent with an education received in Japan. The country’s leading automaker said that the research forum is organized to boost Hyundai Motor’s global strength. The forum is an exclusive channel to recruit applicants with degrees from Japan, the company said. “We believe that graduate and doctorate students from Japanese universities have strength in both

Korea Auto Parts Park in Detroit was launched Monday to help Korean firms settle in the U.S. city.The opening ceremony was organized by Korea’s Commerce Ministry and the state-run Korea Trade Investment Promotion Agency.KAPP provides offices with presentation devices and conference rooms. “It takes a long time for small and medium auto part companies to win business contracts from global carmakers. That is when the local offices are needed,” KOTRA’s vice president Oh Sung-keun said. “KAPP will g

The Yeosu Expo site is located inside Yeosu City, a southern coastal port in South Jeolla Province, the nation’s southwestern region.For visitors from Seoul and the surrounding Gyeonggi Province, the most convenient way to get to the venue is to take the KTX, or Korean Train Express. Yeosu Expo Station connects to Gate 3 of the Expo directly, minimizing the walking distance for visitors. KTX passengers can also get 30 percent off their train fare if they show their Expo tickets to the ticketing

A fire that broke out at Hyundai Motor’s Beijing Plant No. 1 in China on Tuesday was extinguished within two hours, without much damage to the automaker, company officials said on Wednesday.The fire halted the plant’s entire operations, the carmaker said. The fire-damaged plant is one of the three Beijing-based plants located in the Linhe Industrial Development Zone, Shunyi District, Beijing. They are identified as Beijing Plant No. 1, No. 2 and No. 3.The country’s leading carmaker said that the

SK Telecom said on Wednesday the company held a ceremony to mark the start of its new mobile service for learning English in Indonesia.Titled “English Bean,” the mobile service enables users to learn English regardless of time and location, the country’s leading telecommunication company said. The smart-learning program runs on several platforms, including its website, Facebook page, mobile phones and landlines.The telecommunications company has included a multitude of Facebook content such as E