To compliment English language learning, Vectis CEO Simon Bureau has released a 3-D digital compact disk teaching primary-school children in Korea in a comical way about their place in a future global world. “My message that I’m trying to drive to Korean mothers is that English is not enough, now they need to learn new skills to be global leaders,” he said. The former Canadian Chamber of Commer...

Chamber advises SMEs to enter Korean market Germany is benefiting from the Korea-EU FTA that went into effect in July as its exports to Korea are increasing, a top German chamber official said. “We have already seen some positive effects but not as spectacular as some people might have thought,” said Korean-German Chamber of Commerce and Industry Secretary General Jurgen Wohler. One reason for...

Seoul Mayor Park Won-soon proposed a two-year city plan that focuses on welfare, economic harmony, jobs for young people and sustainable development of the capital. Park revealed his plan on Monday under the new vision entitled “the city created and enjoyed by citizens together” and announced a set of about 285 projects for welfare, economy, culture, sustainable development and citizen’s rights....

South Korean producer prices grew at the fastest clip in three years in 2011 on a sharp rise in crude oil prices, the central bank said Monday. The producer price index, a barometer of future consumer inflation, rose 6.1 percent on-year in 2011, up sharply from a 3.8 percent gain in 2010, the Bank of Korea said. It marked the highest annual increase since a 8.6 percent surge in 2008. In Decembe...

KT&G Corp., Korea’s largest tobacco producer, plans to release a new version of its popular Esse brand on Wednesday to cater to growing demand for premium, ultraslim cigarettes. The Esse Sense, the latest in the 17-model lineup, is designed to give a refreshing taste with its space at the tip of the filter to screen out tar and nicotine, the company said Monday. Since its 2002 launch, the Esse ...

South Korea will beef up efforts to provide a better business environment for foreign enterprises by “actively” reflecting their opinions in its policymaking process, the nation’s finance minister said Monday. “We will actively reflect the opinions of the EU Chamber of Commerce, and make redoubled efforts to improve areas such as investor protection and property rights registration,” Bahk Jae-wa...