EU-Republic of Korea trade grows twice as fast under trade agreement

This article is brought to you in association with the European Commission. The ten-year anniversary of the EU-Republic of Korea Trade Agreement comes with an impressive growth in bilateral trade of more than 50%, reaching over €110 billion. Trade in goods grew by 46% from 2010 to 2020, almost twice as fast as EU trade with […]

Data protection: European Commission launches the process towards adoption of the adequacy decision for the Republic of Korea

This article is brought to you in association with the European Commission. Today, the Commission launches the process towards adoption of the adequacy decision for the transfer of personal data to the Republic of Korea. It will cover transfers of personal data to the Republic of Korea’s commercial operators as well as public authorities. If adopted, […]

Panel of experts confirms Korea is in breach of labour commitments under our trade agreement

This article is brought to you in association with the European Commission. The panel report published today confirms the EU’s concerns that Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement. The independent panel concluded that Korea needs to adjust its labour laws and practices and to continue […]

South Korea wants to build three hydrogen-powered cities by 2022

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content South Korea is vying to win the race to create the first hydrogen-powered society. It wants to build three hydrogen-powered cities by 2022 as it positions itself as a leader in the green technology. The […]

Korea should adapt its migration programmes to ensure continued success in the face of expected challenges

This article is brought to you in association with OECD. Korea should adjust the categories and rules of its different labour migration programmes to better match labour migration to short-term and structural labour needs, according to a new OECD report. Recruiting Immigrant Workers: Korea says that the country’s labour force is struggling to replace retiring workers […]

Here’s what a Korean boy band can teach us about globalization 4.0

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Vanham, Media Lead, US and Industries, World Economic Forum For the readers of America’s TIME Magazine, it was clear: Korean boy band BTS should be 2018 Person of the Year. After a worldwide online poll, they held onto […]

What lies ahead for the Korean Peninsula?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ruediger Frank, Department Head and Professor of East Asian Economy and Society, University of Vienna In 2017, the Korean Peninsula seemed to be on the brink of war. The risk of disastrous human and economic consequences was high, […]

Korea should improve the quality of employment for older workers

This article is brought to you in association with OECD. Korea should reform its employment regulations and improve social protection in order to make work more rewarding for older workers and tackle old-age poverty, according to a new OECD report. Working Better with Age: Korea says that workers aged 50-75 years are more likely to work […]

Samsung’s profits fall as cheaper smartphones gain market share

Last Friday tech giant Samsung Electronics hit the market with its ultimate creature. The Galaxy S5 was released worldwide, in more than 100 countries. Samsung said there was high demand for its latest flagship smartphone in many countries across the globe such as France, India and Canada, reporting that there were long queues for the device, […]