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4 strategies to foster content as new growth engine announced: Four national strategies for domestic content development were announced on June 18 to propel the country into the world's top four in the content industry. Shown is the Naver Webtoon booth in July last year packed with visitors at the pop culture event "Amazing Festival" in Paris. (Naver Webtoon) B..; 2024.06.20

Busan to launch payment method exclusively for foreign nationals: Busan Pay, a payment method exclusively for foreign nationals, will be launched on June 20. Shown is Busan Station. (Visit Busan) By Margareth Theresia Busan Pay, a payment method exclusively for foreign nationals, will be launched on June 20. Busan Metropolitan City on June 19 said any foreign nati..; 2024.06.20

Agency sets up police camera surveillance center in El Salvador: The Korea International Cooperation Agency (KOICA) on June 11 held a ceremony for the completion of the closed-circuit integrated TV surveillance control center at the National Civil Police of El Salvador's 911 Center in the country's capital of San Salvador. Shown are the participants cutting the t..; 2024.06.20

AI platforms will enable SMEs to engage in easier and more accurate technology trade: The Ministry of SMEs and Startups (MSS, Minister OH Youngju) announced that on Friday, June 14, Vice Minister OH Keewoong presided over a meeting with five representatives of SMEs with excellent technology trade experience utilizing Smart Tech Bridge, an AI technology trading platform. Smart Tech Br..; 2024.06.19

IMD’s 2024 World Competitive Ranking: Korea Ranks 20th Out of 67 Economies, Achieving its Highest Position Ever: Switzerland’s International Institute for Management Development (IMD) announced the World Competitiveness Ranking for 2024 on June 18. Jumping eight places compared to 2023, Korea ranked 20th out of 67 countries to mark its highest position since it was included in the evaluation in 1997. Among th..; 2024.06.19

Korea-Uzbekistan Business Forum seals 30 MOUs for future cooperation in infrastructure, energy, and supply chains: The Ministry of Trade, Industry and Energy (MOTIE) announced on June 17 that on the occasion of President Yoon Suk Yeol’s state visit to Uzbekistan, the two countries held the Korea-Uzbekistan Business Forum, which inked 30 new joint projects in the participation of 700 key figures of their economi..; 2024.06.19

[Press Release] MFDS Strengthens Technical Cooperation on Agricultural, Livestock, and Fisheries Product Safety with Asian Countries: The Ministry of Food and Drug Safety (Minister Oh Yu-Kyoung) announced that it will hold a seminar on food safety management technology cooperation from June 17 to 21 for 20 officials from food safety regulatory agencies in 10 Asian countries: Cambodia, Indonesia, Malaysia, Mongolia, Nepal, Pakistan..; 2024.06.19

'Gatsby' signals global rise of Korean musicals with Tony win: The original Korean musical "The Great Gatsby" on June 16 won Best Costume Design of a Musical at this year's Tony Awards, or the Oscars of theater, at the ceremony held at Lincoln Center in New York. (OD Company's official Instagram account) By Yoon Seungjin Director Shin Chun-soo's original musica..; 2024.06.19

IMD competitiveness survey ranks Korea 2nd in '30-50 club': Korea this year was ranked a record-high 20th out of 67 countries in the World Competitiveness Ranking of the Switzerland-based International Institute for Management Development. Shown above are containers on March 1 last year piled at the wharfs of the terminals Gamman and Sinseondae at the Port o..; 2024.06.19

New cultural visa, transit pass to boost tourist convenience: The government seeks to have foreign visitors spend more and stay longer in the country. Shown are tourists on June 13 posing for photos at Gyeongbokgung Palace in Seoul's Jongno-gu District. (Yonhap News) By Park Hye Ri A cultural training visa for K-pop fans from abroad and a short-term transporta..; 2024.06.19

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