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Business
Hyundai Motors, most reliable company in the US
Hyundai Motors was chosen as the most reliable company in engine repair and the rates of engine repair cost in the American market. According to Yonhap news, the industrial sector reported that Hyundai came in the first spot from the top ten companies specializing in making cars, in being the most…
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West Asia
Saudi Arabia’s financial situation sparks attention
When Saudi Yasser Khalifa came up on “Non-Summit”, Korean entertainment program, to discuss the welfare of Saudi society, it instantly became a hot topic in South Korea. Khalifa talked of the economical situation of Saudi citizens, explaining that there more rich people than poor ones in Saudi Arabia. He explained…
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Business
Samsung’s chairman donates 20 billion won for youth fund
Lee Kun Hee, Samsung’s chairman, announced that he donated 20 billion won for “Hope for Youth” fund aiming to provide more job opportunities for youth. Some of Samsung’s executives and presidents are expected to donate 5 billion won to the fund as well. Lee Joon, head of communication team in…
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Business
China and Korea fight illegal fishing
Korean oceans and fisheries ministry announced that starting from Wednesday 21st of October, a joint campaign with China will take effect to investigate illegal fishing in exclusive economical regions. In that context, three executives from the Chinese government will board a Korean patrol boat, while three executives from the Korean…
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West Asia
Korean government awards S-oil executive manager and others
South Korean government awarded 53 foreign executives from international companies with investments that manage to promote local economy with golden medals. Among the executives was S-oil’s executive manager, Naser Al-Mahasher. The ministry of finance and industry organized a ceremony celebrating international companies for 2015 in Intercontinental Hotel in Seoul. Executive…
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Business
Deaton claims Nobel Prize in Economy
The Royal Swedish Academy of Sciences has awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton of Princeton University, NJ, USA. Deaton claimed the award for his analysis of consumption, poverty, and welfare. To design economic policy that promotes welfare and reduces poverty, we must…
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South East Asia
Korea, Pakistan explore possibilities of Free Trade Agreement
The two Asian republics – Pakistan and Korea, having bilateral trade and diplomatic relations for over three decades, are exploring avenues including Free Trade Agreement to enhance investment and trade volume. Both the countries are very much ambitious to sign Free Trade Agreement (FTA) however it will take years to…
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Politics
Celebrating Saudi Arabia’s 53 years of bilateral ties with Korea on its 85th National Day
This year’s 85th anniversary of the National Day of the Kingdom of Saudi Arabia comes at a time when the development renaissance in the Kingdom is continuing apace. The foundations of the revival of the Kingdom were laid by the Founder His Majesty King Abdul-Aziz Bin Abdul Rahman Al Saud.…
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Business
Tunisia’s political transition examined internationally
Tunisia continues to take steps to fulfill its commitments under its ground-breaking Transitional Justice Law and realize the goals of the 2011 revolution. The 12-page paper issued by the International Center for Transitional Justice (ICTJ), Tunisia in Transition: One Year After the Creation of the Truth and Dignity Commission, examines…
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Business
French AccorHotels becomes first international chain to open in Iran
The French group AccorHotels, the world’s sixth-largest hotel group, announced on Monday it would become the first international hotel group to operate in Iran as the Islamic republic opens up to the west after the deal on its nuclear program. AccorHotels will open an Ibis hotel and a Novotel branch…
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