Chamber of Commerce Spain-Corea
South Korea's exports reached a new record last year, with 605.47 billion dollars, 5.5% more than in 2017, the Ministry of Commerce, Industry and Energy reported today.
According to official data, South Korean imports reached 534,990 million dollars in 2018, 11.8% more than in 2017, with a trade balance of 70,480 million dollars, the tenth consecutive year with a positive trade balance.
The South Korean government has confirmed this Thursday, April 4, that by 2022 it aims to have 23 million tourists from all over the world, which is expected to provide 960,000 jobs in the tourism and industry sectors.
South Korean branches of foreign banks saw their profits grow last year by 27.4 percent over the previous year, thanks to strong interest income, according to monitoring data from the Financial Supervision Service released on Tuesday. Data from 38 global banks operating here, such as HSBC Bank, raised 867.3 billion won ($764 million) in 2018, an increase of 27.4 percent from 186.6 billion won the previous year, according to the data.
South Korea and the United States have this week become the first two countries in the world to turn on the commercial networks of the new mobile technology 5G, which has coincided with the release of the first smartphones that can connect to these networks.
South Korea's Trade, Industry and Energy Minister Sung Yun-mo has held a meeting with his Chinese counterpart, Miao Wei, to exchange ideas on the expansion of bilateral ties in the emerging industries sector, including the one of vehicles of cells of hydrogen, according to it has said, this Friday, his ministry.
On March 29th at 9:00 a.m., Madrid Network is organizing together with the Chamber of Commerce Spain - Korea and Cremades & Calvo Sotelo Abogados, a day in which the Commercial and Investment Opportunities between Spain and Korea will be discussed.
The shareholders of Kia Motors Corp. have agreed, this Friday, to appoint the executive vice-president of the Hyundai Motor Group, Chung Eui-sun, as the director of the group's main subsidiary.
In various places across the country we can find this party. In the spring, from Seoul, Gyenongiu, Jinhae to Jeju, cherries bloom and Cerezo festivals begin, reflecting the identity of each city. In the cherry tunnels, harmonized with the topography and beautifully created parks, you can find countless cherry trees.
The Korean Cultural Center in collaboration with the Embassy of Argentina presents from April 2 to 10 the first edition of the Film Series: KOREAN & LATIN AMERICAN FILM SCREENING, with Argentina as the guest country.
To celebrate the 100th anniversary of the First March Movement that took place on March 1, 1919 with the Declaration of Independence of Korea before the Japanese Empire, the Embassy of the Republic of Korea in Spain will offer the `Spring Concert 'to take place on Wednesday, March 27 at 7:30 p.m. in the Sony Auditorium of the Reina Sofía School of Music, interpreted by the South Koreans Min Ji Kim (cello), Hayang Park (viola) and Seungju Mun (clarinet), students of the Reina Sofia School of Music and the Spanish teacher of the same School, Enrique Lapaz.
The Spanish's-Korean Chamber of Commerce organized last Thursday, February 7, a breakfast with Jerónimo Gracián, Investments Director of Kotra, Korea's commercial agency, as the principal exponent.
The meeting was attended by Ambassador Hong-jo Chun, as well as representatives of leading companies in their sector, such as Iberdrola, Bankia, Korean Air or TmaxSoft. They also count with the participation of the Ministry of Foreign Affairs represented by Laura Carratalá, and Antonio García Rebollar, Training Director of ICEX. The meeting was chaired by Javier Cremades, as President of the Chamber, accompanied by Juan Luís Cebrián, who was also invited to the event.
It is a sanctuary where they kept the ancestral tables of the kings and queens. It is one of the most refined and magnificent constructions. It is a unique building built with wood that is the largest in the world. It perfectly represents the modest character of Confucianism.
"Building a common path" is the motto of the twelfth edition of the Spain-Korea Tribune, which will bring together representatives of civil society, public administrations and the economic and university world of Spain and Korea from 24 to 25 January at the Casa Asia headquarters in Barcelona.
The Spain-Korea Tribune constitutes a platform for dialogue and cooperation whose main objective is to strengthen bilateral relations in the economic, academic and cultural spheres, in addition to exploring opportunities for collaboration and promoting relations between the respective civil societies.
This forum is organised by Casa Asia and the Korea Foundation, and in this twelfth edition it is co-organised by the Hankuk University of Foreing Studies, with the collaboration of the Ministry of Foreign Affairs, European Union and Cooperation and the EFE Agency.
Once again Korea is present at the tourism fair FITUR. The Korean stand has been very visited by those attending the fair, partly because of the success of the winter games in Pyeongchang last year.
Korea is increasingly known in Spain and although the flow of Spanish tourists to that country increases, it does not do so with the same pace of Korean tourists who visit Spain each year.
However, a new Korean airline, Asiana, has begun flying between Barcelona and Seoul.
The South Korean capital announced today that in 2024 it will inaugurate a covered macro-recinct to host the country's pop music concerts, popularly known as K-Pop, which will help attract more tourists to the city.
Work to build the so-called Seoul Arena will begin in September 2020 after designating the company that will develop the stadium, the Seoul Metropolitan Government said in a statement.
Samsung Electronics Co., the South Korean technology giant, has been the world's largest publicist last year, said a global consulting firm.
Ad Age presented the top 100 publicists in the world showing that Samsung accumulated $ 11.2 billion in advertising and sales promotion in 2017, an increase of 13 percent compared to a year earlier.
The high spending was to improve the image after the widespread recall in 2016 of its Galaxy Note 7 smartphones due to battery explosions, according to industry observers. It is the first time that Samsung takes the first place on the list.
The Korean Cultural Center (Paseo de la Castellana,15) inaugurates the Jogakbo Textile Crafts Exhibition: `Landscape hand-woven´ by Choi Dukjoo, an artist selected by the Center in 2018. The exhibition will be open to thepublic from November 21st to January 11th, 2019 at the Han-ul Gallery at the Centre.
The inauguration date is November 21st, at 19.00 h at the Korean Cultural Center.
Textile crafts Jogakbo
The objective of this event is to create opportunities for Spanish and Korean companies in Spain doing business with Korea and obtain optimal job candidates in a database.
Photo: The Secretary General of the Chamber of Commerce Esspaña-Corea, Jorge Salaverry, received the delegation of TIPA.
On Tuesday, September 4, the Spanish-Korean Chamber of Commerce received a visit from a delegation representing the Korea Technology and Information Promotion Agency for SMEs (TIPA). TIPA is an agency of the Korean government whose primary objective is to increase the competitiveness of Korea's small and medium-sized industry. The delegation was headed by Mr. Cho, Ki-Young, Director of the Planning and Coordination Division. Before visiting Spain, the delegation visited Germany. The objective of the visit was to get to know the environment and current conditions of the Spanish small and medium enterprises, in order to evaluate possibilities of interaction with the Korean small and medium ones. The delegation came with the initial impression that the Spanish economy was very concentrated in the service sector and not so much in the technology sector. Subsequently, on our recommendation, the delegation met with the Centre for Industrial and Technological Development (CDTI). The Spanish-Korean Chamber of Commerce made itself available to TIPA to assist it in whatever it deemed appropriate to the end of boosting contact between Spanish and Korean SMEs.
Photo: “Part of the assistants to the lunch held in REPSOL. Chun Ambassador next to Josu Jon Imaz, REPSOL Managing Director.”
On Monday 16 July, the partners of the Spain-Corea Chamber of Commerce give a welcome lunch to the new Ambassador of Corea in Spain, Hong-jo Chun. The lunch take place in the REPSOL headquarters, accredited partner of the Chamber, who was kind to serve the host with the Managing Director appearance, Josu Jon Imaz.
In her speech of acknowledgement, the Ambassador Chun, emphasized the fact of that the last year the exchange between Corea and Spain achieved the 5 thousand million euros, recovering the level before the economical world crisis of 2008. Similarly, he pointed that the investments have become diversified and that is the impulse of cooperation into new fields like renewable energies and industry 4.0.
The Korean Culture Center (Paseo de la Castellana, 15) in collaboration with the Álvaro Alcázar Gallery will inaugurate the abstract art exhibition. “Detengámonos”, a sample of cultural exchange and dialogues between the artists Rafael Conogar and Jang Jae Cheol. The opening will take place on 11 October at 19.00h in the Han-ul Room of the Korean Culture Center, and it will remain in the Center until 16 November.
On Saturday, July 7 at 12:00 noon, the 7th edition of the K-POP Contest took place in Spain at the Luz Philips Gran Vía Theater (Calle Gran Vía, 66, 28012 Madrid).
Deoksugung, also known as Gyeongun-gung, Deoksugung Palace, or Deoksu Palace, is a walled compound of palaces in Seoul that was inhabited by members of Korea's royal family during the Joseon monarchy until colonial period around the turn of the 20th century. It is one of the "Five Grand Palaces" built by the kings of the Joseon Dynasty. The buildings are of varying styles, including some of natural cryptomeria wood, painted wood, and stucco. Some buildings were built of stone to replicate western palatial structures.
In addition to the traditional palace buildings, there are also forested gardens, a statue of King Sejong the Great and the National Museum of Art, which holds special exhibitions. The palace is located near City Hall Station.
Read more. Click link: https://en.wikipedia.org/wiki/Deoksugung
The Korean Cultural Center and the Royal Academy of Fine Arts of San Fernando in collaboration with The House Concert and The Arts Council celebrates the Concert of a Summer Afternoon in the Assembly Hall of the Royal Academy of Fine Arts of San Fernando (Calle de Alcalá, 13, 28014 Madrid) on Saturday, 21 at 12 h. The concert will feature the performance of violinist SoJin Kim and pianist Yoon-Jee Kim, both South Korean *
*Free entry until complete seats*
` Blue on Blue ´: Drawing exposition by the South Korean artist Joo Lee Kang.
Selected by the 2018 Han-ul Gallery (Korean Cultural Centre)
The Korean Cultural Centre (located at: Paseo de la Castellano, 15) inaugurates, on June the 20th at 19:00, the exposition titled “Blue on Blue”, by Joo Leee Kang (artist selected from the 2018 convening launched by the Centre).
Last Friday, June the 8th, the South Korean Embassy in Spain through the Korean- Cultural Centre and the KOTRA (Korean Trade-Investment Promotion Agency) held the Korean beauty event: K-Beauty Show Case*
Desde la Oficina Comercial del Gobierno de Corea, en España, queremos invitarles a conocer las oportunidades de negocio y el futuro del sector turístico, ocio y marina, de Corea.
En los últimos años, Corea ha experimentado un fuerte crecimiento del 240% de turistas extranjeros, pasando de 5,1 Millones de turistas en el 2010, a 17 Millones de turistas que recibió el pasado año. Tradicionalmente, Corea recibía un mayor número de turistas de negocios y en la última década está incorporando un mayor número de turistas vacacional...
The government of South Korea plans to release, possibly by the end of June, a regulatory plan that will allow the collection of taxes by cryptocurrencies as of 2019. The announcement was made by a spokesperson of the Ministry of Strategy and Finance of that country to the local media Fuji News Network .
According to published information, one of the ideas used is to establish taxes on profits from sales in digital currency, applying other types of tax "if the income is considered temporary and irregular".
Repsol obtained a net profit of 2,121 million euros in 2017, which represents an increase of 22% compared to the one achieved a year earlier. In a scenario of low prices of raw materials, the company, supported by the strengths of its businesses and its efficiency plans, achieved the highest net result of the last six years. | Imaz received 4 million CEOs in 2017 and Brufau 3 million CEOs.
The Korean Cultural Center (Paseo de la Castellana, 15) celebrates the second edition of the Korea Sound Festival with three concerts from April 24 to May 10. This festival was born with the aim of making known the wide range of artists of the current South Korean music scene
Samsung has returned to shine at the Mobile World Congress 2018 (MWC 2018) in Barcelona. The South Korean technology returns to the main forum of the technology and telecommunications industry after a year of absence.
Samsung arrived in Barcelona to present the new members of the Galaxy family, the S9 and S9 Plus smartphones, with which they seek to take the lead in the competitive mobile technology market.
The organizers of the Olympic and Paralympic Winter Games that will host PyeongChang (South Korea) will bet for peace as the central message of the Opening Ceremony on February 9 Song Seung-hwan, creative executive director of the ceremonies of the event, pointed out that this issue had already been chosen as the leitmotif even before the confirmation of the presence of North Korea, a country that has been in political conflict with its neighbor in the South for years. The Opening Ceremony of PyeongChang 2018 will have peace as the central axis.
South Korea on Tuesday released a system that prevents the sale of cryptocurrency in the country with anonymous accounts to avoid money laundering and other crimes at a time marked by the efforts of States to regulate these markets.
From Tuesday South Korean investors will not transact in their virtual wallets unless the name of their accounts cryptocurrency matches the name of the bank accounts to which they are associated, as explained at the time the Commission Financial Services (FSC).
Now called 'anonymous accounts' (those with false names or do not correspond to the bank account) that have been used for the purchase of cryptocurrency will be disabled, as he explained at the time the FSC said in a statement.
The rule also prevents foreigners from buying digital currency houses South Korean exchange is part of the efforts announced by the Seoul government to curb money laundering and excessive speculation which have warned experts in markets of cryptocurrency the country.
It is believed that about 3 of the 50 million South Koreans have invested in electronic foreign exchange market, especially in popular bitcoin coins and ether. The new rule requires operators to share cryptocurrency exchange with the banks themselves movements that make investors, which could allow the future to Seoul taxing these transactions.
The South Korean government has raised the possibility of taxing investors and even prohibits the sale of cryptocurrency.
Falls 3% the entry into vigour of the law comes the same day that the Japanese Finance Minister Taro Aso, has highlighted the need to make stronger controls on exchange after the apparent theft of cryptocurrency worth 430 million euros of an operator Tokyo last Friday.
This Tuesday, South Korean markets cryptocurrency as Bithumb sported an explanatory message about the new law on its homepage which reflected falls of around 3 percent of Bitcoin or ether against the dollar.
The fall can respond to the possibility that banks now refuse to associate accounts with houses small change to avoid violating the new law and accept only do so with the main sites of local exchange as Bithumb or Upbit.
On the morning of Tuesday, January 22, 2018, a breakfast organized by the Spain-Korea Chamber of Commerce in collaboration with the Chamber of Commerce of the Dominican Republic in Spain took place at the Cremades & Calvo-Sotelo office.
The collection is composed of 37 woodcuts and printed on paper by hand, dating from 1990 to 2017, and offers an approach to Korean popular culture with the harmony of nature and man, also based on their own observations and the wisdom resulting from life, and inspired by Buddhist teachings, reflecting the current political and social situation in South Korea. With simple lines, points, and poems written in the illustrations, the works represent as a whole a very powerful visual impact on its viewers. In this sense his engravings go beyond the existing engravings.
During the days 17 to 21 of January, IFEMA hosted the FITUR 2018 International Tourism Fair, which takes place every year in Madrid. With just over two weeks until the start of the 2018 Pyeongchang Winter Olympics, next February 9, South Korea did not miss this mandatory appointment at FITUR.
On the occasion of the JJ. OO Winter Festival of PyeongChang 2018, Gangwon Province, to which the city of PyeongChang belongs, presents the "Gangwon International Biennial 2018" from February 3 to March 18, 2018 at the Green City Center in Gangneung, and coinciding with the period of the world sport event.
The Ambassador of the Republic of Korea, Hon. Mr. Hee-Kwon Park, soon concluding his mission in Spain, hosted on Monday 27th of November a dinner at his residence for the members of the Spanish-Korean Chamber of Commerce, of which he is Honorary President.
At the dinner, the Ambassador handed over to REPSOL the prize awarded by the Chamber to the Spanish company that most distinguished itself for its contribution towards the development of commercial relations between Spain and South Korea.
On November 21 and 22, the Asia Innova symposium will take place at the Palacio Cibeles in Madrid. Connecting Smart Cities between Asia and Europe, jointly organized by the Madrid City Council, the Ministry of Foreign Affairs and Cooperation and Casa Asia.
In February 2018, South Korea will host the Olympic and Paralympic Winter Games in PyeongChang. Under the slogan "Passion, Connected", almost 3,650 athletes from all over the world will offer us the best of themselves. And 22,400 volunteers, chosen from more than 90,000 candidates, will contribute to the good development of the Games and offer their full support to the participants.
These PyeongChang Games will be for everyone a symbol of peace and harmony. Although the Korean Peninsula has been divided for more than 60 years, both sides have always cooperated with sportsmanship in the celebration of sporting events. As it shows, this year, North Korea has participated in ice hockey and taekwondo competitions held in South Korea. And the representative of North Korea at the IOC has recently stressed that "politics is one thing, and the Olympic Games, a different one".
Bringing the organization of such an important event to Korea has not been an easy task. It has taken thirteen years, two unsuccessful attempts for the candidacy and a choir of two thousand and eighteen citizens acting for the IOC Evaluation Commission to finally make it possible. It has been a combined effort of an entire nation, and now we are ready to make it a successful event for the enjoyment of the whole world, while opening new horizons for Korea.
The PyeongChang Winter Games will be the most important to date, as more than 100 gold medals will be at stake for the first time. PyeongChang 2018 will also be the scene of the largest number of female and mixed events in the history of the Winter Olympics. We are really enthusiastic, and we warmly welcome visitors from all over the world who come to the beautiful city of PyeongChang.
This is not the first time that an Olympiad has been held in Korea. 30 years ago, the Seoul Summer Games of 88 brought together both sides of the Cold War in the spirit of sportsmanship and peace. The Games also unveiled Korea's rapid economic growth, which turned a war-torn country into a modern and stable nation.
Although South Korea at the time did not have diplomatic relations with many of the countries of the socialist bloc, the Soviet Union and East Germany were among the 159 participating countries.
The 1988 Olympic Games were a decisive event for Korea, which helped change its image as a nation dependent on foreign aid, to that of a country with "some of the best sports facilities ever built for an Olympic Games", as stated by the President of the IOC. It was a moment of great pride for the nation, which provided a country immersed in a rapid transformation.
Currently, Korea ranks 11th in the world in terms of GDP, 7th in foreign exchange reserves, 6th in export volumes and 8th in total trade. We are the largest mobile phone manufacturer on the planet, the best airport services provider according to the International Airports Council, and for the fourth consecutive year we headed the Bloomberg innovation index. Korea also obtained the highest value in the ICT Development Index of the International Telecommunication Union, a composite indicator of the level of access, use and ICT capabilities of 167 countries.
Bilateral exchanges between Spain and Korea have also increased significantly, reaching $ 4 billion last year. Some years ago Spanish drivers were surprised by the idea of Korean cars in the Spanish market, but today Hyundai and Kia cars dot the streets throughout the country. And as a sign of the growing reputation of Spanish quality products among Korean consumers, increasingly large Korean stores are eager to place Spanish food products on their shelves.
I hope that the Olympic and Paralympic Winter Games in PyeongChang will be another great opportunity for Korea and Spain to deepen their friendship. We look forward to welcoming the talented Spanish athletes. Although it is not especially recognized as a country of winter sports, the Spanish participants have always competed actively in the Winter Games and have been able to exceed expectations. We hope the team from Spain will do a great performance in PyeongChang, and I wish them all the best.
Korea has always had a great willingness to play its role on the international stage and has hosted many important international events such as the 2002 FIFA World Cup (co-organized with Japan) and the 2011 World Athletics Championships. there is no doubt that the next event we will host, the Invie Olympic and Paralympic Games
Commemorating his 20th anniversary in Spain, the President of LG Iberia, Jaime de Commemorating his 20th anniversary in Spain, the President of LG Iberia, Jaime deJaraíz, received at the company's headquarters in Las Rozas, the Mayor of thistownship, José de la Uz; the Ambassador of Korea, Park He Kwon and the General Manageress of Economy and Financial Policy of the Community of Madrid, RosarioRey, who discovered a commemorative Plaque of these twenty years along. The President of LG Spain has assigned the LG success in our country in these twenty years along.
The sample of Korean Cinema in Spain celebrates its tenth edition projecting from the 19 October and until 1 November, 13 films dedicated to nowadays Korean cinema and to the close link between thecinema and music, in the Cine Doré, the Cineteca of Spain and the Korean Cultural Center. In addition, this year the sample will have alternative activities: A Masterclass with the filmmaker Kim Tae-yong, a colloquium with Kim Dae-hyun, a conference, an exhibition and a concert by the Group of the composer of soundtracks most coveted: Bang Jun-suk. Also it will be presented Crossroads of Youth (Ahn Jong-hwa, 1934), considered the older movie preserved of the Korean cinema, whose original negative was rescued in 2007.
After its restoration, the Korean Film Archive and the director Kim Tae-yong have recovered this attractive theatrical experience, including accompaniment in vivo.
With the goal of facilitate to the companies information of the mostWith the goal of facilitate to the companies information of the mostimportant aspects so they can take into account in the moment ofestablishing commercial relations with China, India and South Korea.
South Korea’s gross domestic product ranked 11th in the world in 2016, with its per capita income based on purchasing power remaining unchanged, data from the World Bank showed Wednesday.
A discreet euphoria - if the expression fits - was felt this Monday at the Directors Meeting of Cervantes Institute in Malaga, according to the assistant’s accounts. It happened when the Foreign Minister, Alfonso Dastis, announced that they would do everything possible to increase the budget of the Institute.
Mr. Jaewon Lye, Managing Director of KOTRA, the commercial agency of the Korean Embassy in Spain, had a meeting with the members of the Spain-Korea Chamber of Commerce at the headquarters of the Secretary-General to talk about the opportunities of investment in South Korea.
The President and CEO of LG Electronica Iberia , Jaime de Jaraiz and Enrique Cerezo , President of Atletico de Madrid Club , have reached an agreement , whereby LG Oled becomes the club´s technology supplier in the categories of Imagine and Sound for the seasons coming until 2020.
SERNAUTO, the Spanish Association of Equipment and Components Manufacturers for Automotive and KOTRA, the Commercial Office of the Embassy of Korea, we invite you to attend the Spain-Korea Autoparts Opportunities Forum, which will take place at the NH Collection Eurobuilding Hotel in Madrid, next June 1, 2017.