Business leaders of 29 South Korean companies will participate in a US government event to promote foreign investment, the US Embassy in Seoul said Friday.Forty-seven representatives from South Korean companies will travel to Washington D.C. to take part in the 2017 SelectUSA Investment Summit to be held at the Gaylord National Resort and Convention Center from June 18-20, according to the embassy.  This year's delegation marks the largest size the country has sent to the event, the embassy said

South Korean stocks finished almost flat Friday as foreign investors dumped local shares to lock in recent gains, offsetting a buying spree by institutions and individuals, analysts said. The Korean won sharply lost ground against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) inched up 0.18 point, or 0.01 percent, to close at 2,361.38. Trade volume was slim at 323.92 million shares worth 5.7 trillion won (US$5.1 billion), with losers outnumbering gainers 439 to 365.Foreig

South Korea's state-run think tank said Friday it will hold a forum on how to promote infrastructure investment in Asia on the sidelines of an annual meeting of a China-led regional lender. During the Saturday forum in Jeju, economists will discuss ways to step up cooperation between the government and private sectors as well as multilateral lenders for infrastructure investment, the Korea Development Institute (KDI) said in a statement. Rhee Chang-yong, director of the Asia and Pacific Departme

South Korea will likely lose its status as the largest exporter of goods to China within a few years amid escalating competition coming from Japan, European countries and the United States, a survey said Friday.About 38.1 percent of 105 local employees working at Korea Trade-Investment Promotion Agency (KOTRA) offices in 17 Chinese cities said South Korea will only be able to hold on its leading status for one or two years more at the mostThe poll conducted by the state-run trade promotion agenc