South Korea Country Report

Ties strengthen in view of deal

Packages arrive from China at Incheon International Airport. Trade and investment between the two nations have grown. Photo: Bloomberg

South Korea has spawned global brands, such as Samsung, LG and Hyundai, that are household names the world over. In Hong Kong, mobile brands such as Samsung and LG are popular with consumers. 

Tuesday, 31 March, 2015, 5:35pm

MESSAGE

Cho Yong-chun, Consul General of the Republic of Korea in Hong Kong

Looking back on last year, even though the overall economic situation was difficult, there was still good news from South Korea. Korea's trade had recorded a surplus for 35 consecutive months, the trade volume was a record high, US$1.1 trillion, while the trade surplus was US$45 billion and export record was US$575 billion. During the Apec CEO Summit 2014 in Beijing, South Korea and China negotiated a Korea-China FTA, which will provide institutional support for Korean businesses in China and Hong Kong in the future.

31 Mar 2015 - 5:32pm

Easy escape to beaches

Gwangalli Beach in Busan is popular with the younger crowd. Photo: OTHK

South Korea is a popular destination for Hongkongers, especially in the winter months as many opt for holidays at the many family-friendly ski resorts. But the country also offers a wide range of summer beach destinations, some of which are easily accessed from cities. 

31 Mar 2015 - 5:31pm

Gallery director says art can help city emulate creative Koreans

Images of animals are prevalent in Hur Jin's work at Moon Gallery.

The K-pop beat and Gangnam style of South Korea's music stars may have taken Asia by storm, but that is not the only area in which the country is exporting its cultural influence. 

31 Mar 2015 - 5:28pm

YU envisions being 'university of the world'

Dr Noh Seok-kyun, president

In the aftermath of the Korean War in the early 1960s, South Korea was among the world's poorest countries. Under the administration of former President Park Chung-hee, South Korea began a period of tremendous industrial and economic growth. 

31 Mar 2015 - 5:20pm

Smart glass from g-smatt revolutionises city landscapes

Dr Lee Ho-joon, CEO

People bustling along Tehran Boulevard in Seoul often stop to marvel at the glass fence outside the Gangnam Finance Center building. The handrails look like ordinary clear glass - until they change hue and play media content. 

31 Mar 2015 - 5:18pm

KAC sets global standards for airport operations

Kim Seok-ki, president and CEO

Managing some of the world's best airports is a feat that Korea Airports Corporation (KAC) is fast gaining world recognition for. The Air Transport Research Society has named three of the 14 airports that KAC operates across South Korea as the most efficient in Asia in 2014. These include Gimhae International Airport in the No 1 slot, followed by Jeju International Airport.

31 Mar 2015 - 5:15pm

KIS innovations to elevate region's international K-12 education

Dr Min Sunshik, chairman of the KIS board and CEO of YBM

English, international thought, and integrity are vital tools in South Korea's increasingly globalised education and economy. Combining this with research, technology and innovation, Korea International School (KIS) is able to transcend not only a language barrier, but a higher level of academic excellence for South Koreans and international families living in the country.

31 Mar 2015 - 5:13pm

Dong-A Socio Group pushes international cooperation in pharmaceutical industry

Lee Dong-hoon, executive vice-president and CEO

Envisioning Asia making a global impact in the pharmaceutical industry, Dong-A Socio Group welcomes partnerships with the region's pharmaceutical companies for the development of groundbreaking new drugs.

31 Mar 2015 - 5:09pm

IFEZ emerges as preferred international investment hub

IFEZ emerges as preferred international investment hub

A major global business and logistics hub in northeast Asia, the Incheon Free Economic Zone (IFEZ) is positioned to become one of the world's top hubs by 2020. With a geographically advantageous location connecting 61 cities, attractive tax incentives and a highly educated workforce, it continues to draw in record-high foreign direct investment (FDI) - peaking at US$2.07 billion in 2012 in less than 10 years since its inception.

31 Mar 2015 - 5:04pm

Daelim exercises global top-tier EPC capability

Lee Chul-kyoon, president and CEO

As one of South Korea's representative enterprises, the history of Daelim Industrial is closely entwined with that of the country's construction industry. Daelim has played a pivotal role in the foundation and development of South Korea's major oil and gas plants, civil and building projects.

31 Mar 2015 - 5:00pm

KHNP lays cornerstones for international energy leadership

Seok Cho, president and CEO

With rapid population growth and continuing economic development, energy consumption worldwide is projected to dramatically increase. In addition to meeting soaring energy demand, power generation companies also need to address mounting pressures to bring down energy-related greenhouse gas emissions that cause roughly half of global warming pollution. Rising to the challenge is Korea Hydro & Nuclear Power (KHNP), an emerging energy powerhouse based in Seoul. 

31 Mar 2015 - 4:15pm

KECC rises as global engineering company

Lee Kang-rog, president

Asia's emerging markets continue to grow and modernise, creating immense infrastructure development opportunities in the region. Prospects are also bright in advanced economies that now face ageing infrastructure. South Korea's "technology pioneer" of construction - Korea Engineering Consultants Corporation (KECC) - is well-positioned to capitalise on these market opportunities. Leveraging more than 50 years in engineering consulting services and a culture of unceasing innovation, KECC is strengthening its global platform.

31 Mar 2015 - 4:03pm

Entertainment front-runner iHQ eyes worldwide media partnerships

Jeon Yong-ju, president and CEO

As the Korean wave, or Hallyu, continues to ripple across China and Southeast Asia - fuelling the rise of South Korean cultural exports - Seoul-based integrated entertainment enterprise iHQ is well on its way to becoming Asia's biggest global entertainment content provider. 

31 Mar 2015 - 3:26pm

3D-range cameras and panel grinders smoothen meerecompany's lead

(From left): Kim Joon-koo, vice-president for strategic planning, and Kim Joon-hong, CEO

Competition among makers of smartphones, TVs and other screened devices drives the demand for thinner yet sturdier glass panels. Amid this and the ever-increasing sophistication in consumer preferences, hi-tech equipment innovator meerecompany has continued to push the envelope in the development of next-generation technologies. 

31 Mar 2015 - 3:11pm

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