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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

Korea wins overall title at world pentathlon championships: Kim Sun-woo (left) and Seo Chang-wan on June 16 celebrate after winning the mixed relay at the UIPM Pentathlon World Championships in Zhengzhou, China. (UIPM) By Koh Hyunjeong The national pentathlon team on June 16 showed its best performance in history at the UIPM Pentathlon World Championships in..; 2024.06.18

Renovating Houses for Descendants of Independence Activists in Kazakhstan: • MPVA and KT Labor-Management completed housing improvement for patriot Choi Jae-hyung's great-granddaughter in Almaty, Kazakhstan• Minister Kang Jung-ai: "We will strengthen public-private cooperation to improve the living conditions of descendants of independence activists residing overseas."; 2024.06.18

Financial Cooperation with Africa to be Strengthened: The Financial Services Commission and the Korea Federation of Banks will invite and host the banking industry associations of three African countries (Nigeria, Botswana, and Mauritius) and the Southern African Development Community from June 17 to 19 to seek stronger financial cooperation between Ko..; 2024.06.18

MSS strives to enhance the competitiveness of Korean fabless semiconductor startups, which are at the core of the system semiconductor industry: Minister OH Youngju of SMEs and Startups held a meeting on Thursday, June 13, in Seoul with fabless semiconductor startups. The Chairman of the Korea Fabless Industry Association (KFIA), representatives of fabless startups, and professors from the Seoul National University System-IC Industry Promoti..; 2024.06.18

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