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Hana Financial Group said Sunday it launched the 20th class of its SMART student ambassador program, with 50 university students beginning two months of activities following an inauguration ceremony held Thursday at the group's headquarters in Myeong-dong, Seoul. Launched in 2012 as the financial industry's first university student ambassador program, SMART has become one of Hana Financial's flagship youth engagement initiatives. Under the theme "Ha.Ha.Ha.," the students will act as a bridge bet
HANOI, Vietnam — South Korea should broaden its export portfolio beyond semiconductors by expanding sales of cosmetics, food, pharmaceuticals, fashion and other consumer goods, the chief of the Korea Trade-Investment Promotion Agency said, arguing that a more balanced trade structure would make Asia’s fourth-largest economy more resilient to industry cycles. Kang Kyung-sung, president of KOTRA, said at a press conference in Hanoi on Thursday that Korean consumer brands are becoming an increasing
A delegation led by the Korea International Trade Association visited Washington this week for talks with US government and trade officials, seeking improved investment conditions for Korean companies operating in the US. KITA said Friday that the delegation, led by Executive Vice Chairman Lee In-ho and joined by major industry groups, including the Korea Offshore & Shipbuilding Association and the Korea Iron & Steel Association, conducted a high-level outreach mission in Washington from Monday
South Korea will deploy 1 trillion won ($647 million) to ease the burden of high living costs, while lowering fuel price caps and freezing major public utility rates in the second half of the year. "We will inject 1 trillion won in fiscal spending to support small merchants hit by high oil prices and mobilize all available measures to do our utmost to keep consumer inflation below 3 percent in the second half," Finance Minister and Deputy Prime Minister Koo Yun-cheol said Friday. Koo announced t
South Korea has again failed to make MSCI's developed market watchlist, delaying Seoul's long-running campaign to move beyond emerging market status. The decision comes despite a sweeping reform drive aimed at improving foreign investor access. MSCI, in its annual market classification review released early Wednesday Korea time, kept Korea in its emerging market category and left the country off the watchlist for a potential upgrade to developed market status. The decision pushes back Korea's up
South Korea has made progress in talks with the European Union over steel tariff-rate quotas, Industry Minister Kim Jung-kwan said, raising hopes that Korean exporters may face a smaller cut than the bloc's planned overall reduction. In a wide-ranging briefing in Sejong on Monday, Kim also discussed corporate bonus dispute, chip-related tax revenue, Canada's submarine tender and possible new semiconductor production sites. Kim said the biggest outcome of his recent trip to Kazakhstan, Europe and
TASHKENT, Uzbekistan — Uzbekistan's Deputy Prime Minister Jamshid Khodjaev and Jung Won-ju, chairman of Herald Media Group, Jungheung Group and Daewoo Engineering & Construction, discussed potential cooperation on data centers near the planned Tashkent Airport and set up a possible project agenda ahead of the Korea-Central Asia summit in Seoul in September. During a meeting in Tashkent on June 17, Khodjaev proposed that Daewoo E&C review ways to develop data centers within the airport-linked urb
TASHKENT, Uzbekistan — South Korea's state export lender said it was ready to finance a new wave of Korea-Uzbekistan projects, as Tashkent seeks to draw more Korean capital into infrastructure, supply chains and technology-driven industries on the back of economic reforms. Speaking at the Korea-Uzbekistan Business Forum 2026 in Tashkent, Seo Jung-hwa, senior executive director of the Export-Import Bank of Korea, said Eximbank aimed to help convert government-level cooperation between the two cou
TASHKENT, Uzbekistan — BoMI Engineering & Construction is expanding its presence in Uzbekistan through both its own projects and public-private partnership opportunities, positioning its Tashkent business tower as a platform for Korean companies entering the Central Asian market. Speaking at the Korea-Uzbekistan Business Forum in Tashkent, Lee Dong-yup, head of BoMI E&C’s overseas business division, said the company had been seeking to showcase Korean construction capabilities through locally ro
South Korea ranked 21st among 70 economies in the Institute for Management Development's World Competitiveness Ranking, rising six rungs on the ladder and marking its second-highest position since it was first included in 1997, the Ministry of Economy and Finance said Thursday. The latest results put South Korea behind only the United States among the "30-50 club" of economies with per capita income of more than $30,000 and a population of over 50 million. The US ranked 10th overall, followed by
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June 23, 2026![[Uzbekistan Forum] Uzbekistan looks to Korea for airport city, data center development](https://wimg.heraldcorp.com/news/cms/2026/06/22/news-p.v1.20260617.e8276a2a6e104d7787104e93f9726d9a_T1.jpg?type=h&h=240)
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