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Korea Herald
13-07-2025
- Business
- Korea Herald
Egypt lauds Korean support aligned with Vision 2030
Egyptian Ambassador to Korea Khaled Abdel Rahman lauded South Korea's development cooperation and investments that align with Egypt's Vision 2030, marking the 73rd anniversary of Egypt's National Day on Friday. The National Day, commemorated every July 23, celebrates the 1952 revolution that abolished the monarchy and established modern Egypt. As the country looks ahead, Vision 2030 serves as a blueprint to enhance the quality of life through justice, inclusion and civic participation. 'Complementing these investments, KOTRA, KOICA and the Export-Import Bank of Korea have supported Egypt's development through programs in green energy, digital transformation, vocational training and rural development — aligned with Egypt's Vision 2030,' said Rahman during a commemorative event in Seoul. He highlighted Egypt's $59 billion commitment to building a new smart city east of Cairo — integrating artificial intelligence, the internet of things, automated infrastructure and sustainable transport, expressing gratitude toward Samsung, LG, Hyundai Rotem, KHNP and Doosan, for investments in projects such as metro trains to the El-Dabaa nuclear power plant. 'The distance between the Pyramids of Giza and the palaces of Seoul may be great, but our aspirations converge,' Rahman noted. Egypt and Korea established diplomatic relations on April 13, 1995, evolving from cordial exchanges into a comprehensive cooperative partnership, significantly strengthened by Egyptian President Abdel Fattah el-Sissi's 2016 visit to Seoul and then-President Moon Jae-in's 2022 visit to Cairo. Meanwhile, Lee Tae-woo, Korea's Ambassador for International Cyber Cooperation, noted that bilateral trade surged from $500 million in 1995 to over $3 billion in 2023. Lee shared an Arabic saying, 'Al rafik kabl al tarik,' which means 'Choose your friend before choosing your path.' He added, 'With a good friend, even a tough road becomes enjoyable.' The event was attended by members of the diplomatic corps, embassy officials, foreign residents in Korea, Korean company executives, nongovernmental organizations and the media.
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Korea Herald
07-07-2025
- Business
- Korea Herald
[팟캐스트] (703) 한국에서 일하고픈 외국 학생들 늘어나
Foreign students eager to stay, work in Korea 진행자: 최정윤, Chelsea Proctor 기사 요약: 한국에서 거주하고 있는 외국인 열 명 중 7명이 한국에 정주 의사를 보이는 가운데 국내 기업들도 글로벌 인재 확보를 위해 고군분투해 [1] Seven out of 10 international students in South Korea want to work and settle in the country, a new survey showed Tuesday, as Korean companies step up efforts to recruit foreign talent settle in: 자리잡다, 정주하다 step up:~을 증가시키다 [2] The Korea Trade-Investment Promotion Agency said 71 percent of international students surveyed in its recent Global Talent Fair expressed interest in working and living in Korea. Among them, 42 percent cited a desire to gain work experience, while 29 percent said they hope to settle in the country long-term. cite: 이유를 들다/ 인용하다 desire: 욕구, 갈망 [3] Of the student respondents, 49.4 percent were enrolled in a master's program, followed by 30.6 percent in undergraduate studies and 9.6 percent pursuing doctoral degrees. master's program: 석사 과정 undergraduate studies: 학부 과정에서의 연구 doctoral degree: 박사 학위 [4] KOTRA said 26 percent of respondents had a background in science, technology, engineering and mathematics, which is higher than the national average of 15 percent majoring in STEM fields among the 208,962 foreign students currently in Korea.
Time of India
01-07-2025
- Automotive
- Time of India
South Korean auto parts delegation visits US to explore investment opportunities
The Korea Trade-Investment Promotion Agency (KOTRA) said on Monday it has dispatched an auto parts delegation to the US state of Georgia to help domestic manufacturers explore investment opportunities amid rising protectionist trade measures from Washington. Jointly organised by the Gyeonggi Province government , the auto parts investment delegation visited the cities of Atlanta and Savannah for three days from Wednesday, with 10 South Korean auto parts firms participating. The programme included investment seminars, consultations with Georgia state officials and on-site visits to existing South Korean manufacturing operations, including Hyundai Motor Group Metaplant America , which was completed in March, reports Yonhap news agency. Georgia has emerged as a major hub for Korean automakers, including Hyundai Motor Co. and Kia Corp., whose large-scale investments in the region have encouraged related auto parts suppliers to follow suit. "We will continue to work with both domestic and international partners to help resolve investment challenges and support our companies' global expansion," a KOTRA official said. Meanwhile, industry Minister nominee Kim Jung-kwan said on Monday he will put in "utmost" efforts to safeguard "national interests" in South Korea's tariff negotiations with the United States and support Korean companies' exports amid global trade uncertainties . "I want to be at the forefront of South Korea's exports ... and help the country overcome difficult times and turn a crisis into an opportunity," Kim told reporters as he headed to his office for parliamentary confirmation hearing preparations. With regard to the anticipated trade negotiations with the U.S. Donald Trump administration, Kim said he will work with Trade Minister Yeo Han-koo to secure a tariff agreement based on "national interests," noting he understands the difficulties Korean companies face in the global market. Kim was serving as a president in charge of marketing at Doosan Enerbility Co., a major Korean power equipment builder, before he was tapped as the Lee Jae Myung administration's first industry minister. Under his leadership, Doosan Enerbility has strengthened its presence in the global nuclear energy market, contributing to the successful bid for the Dukovany nuclear power plant project in the Czech Republic. On Lee's campaign pledge to establish a new ministry in charge of climate and energy policies, the nominee said "industry and energy are inseparable."
Korea Herald
01-07-2025
- Business
- Korea Herald
Foreign students eager to stay, work in Korea
Major conglomerates are eyeing international students for global operations Seven out of 10 international students in South Korea want to work and settle in the country, a new survey showed Tuesday, as Korean companies step up efforts to recruit foreign talent. The Korea Trade-Investment Promotion Agency said 71 percent of international students surveyed in its recent Global Talent Fair expressed interest in working and living in Korea. Among them, 42 percent cited a desire to gain work experience, while 29 percent said they hope to settle in the country long-term. The survey polled 356 foreign students and 88 participating companies at the job fair held on May 19-20 in Seoul. The two-day event attracted 2,869 students studying in Korea and 102 companies that want to hire them. Of the student respondents, 49.4 percent were enrolled in a master's program, followed by 30.6 percent in undergraduate studies and 9.6 percent pursuing doctoral degrees. The survey did not disclose the students' nationalities. KOTRA said 26 percent of respondents had a background in science, technology, engineering and mathematics, which is higher than the national average of 15 percent majoring in STEM fields among the 208,962 foreign students currently in Korea. When asked about preferred job roles, 34 percent said they want a position in research and development, followed by 31 percent in office administration, 27 percent in sales and 8 percent in manufacturing. Korean companies have also expressed growing interest in hiring international students. Of the companies surveyed, 65 percent said they had previously hired international students through the job fair. The biggest motivation for companies hiring international students was to support overseas market development at 42 percent, followed by increasing workforce diversity at 21 percent. In terms of job roles, companies were most interested in hiring sales positions, at 49 percent, followed by R&D at 31 percent and administrative roles at 19 percent. Companies indicated a strong preference for bachelor's degree holders at 83 percent, compared to 15 percent looking to hire candidates with master's degrees. Amid growing interest, KOTRA said it plans to hold a series of regional job events in September, targeting foreign students in Busan, Ulsan, South Gyeongsang Province, Daejeon and South Chungcheong Province. 'A considerable number of foreign students want to work at Korean companies, especially in R&D and administrative positions,' said Kang Sang-yeob, KOTRA's executive vice president and head of the small and medium enterprise office. 'We will continue to expand foreign talent recruitment programs tailored to corporate needs to help strengthen the global competitiveness of Korean companies.' Korea's largest conglomerates are also stepping up efforts to hire international students and professionals. Since 2023, Samsung Group has been hiring foreign students in R&D, expanding such recruitment to nine affiliates this year, including Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electro-Mechanics and Samsung Biologics. Hyundai Motor Group launched an employment-linked internship program last year for international students graduating from Korean universities. In April, Hyundai posted openings for five-week internships in R&D, manufacturing, business and planning roles. High-performing interns will be offered permanent positions. Lotte Group also launched a similar employment-linked internship program last year. This year, the retail giant is hiring international students across five affiliates, with full-time roles available to those who perform well.
Korea Herald
19-06-2025
- Business
- Korea Herald
Prolonged Mideast conflict may negatively affect Korean exports to region: KOTRA
The ongoing military conflict between Israel and Iran could negatively affect South Korea's exports to the Middle East should the crisis last for an extended period, a business assessment report showed Thursday. According to the report by the Korea Trade-Investment Promotion Agency, the latest Middle East crisis has already triggered concerns over oil supply disruptions, with very large crude carrier freight rates rising more than 20 percent amid fears that oil prices could exceed $100 per barrel. KOTRA noted that if the conflict continues, South Korea's positive export trends seen this year to Israel, Iran, Jordan, Lebanon and Syria could reverse. According to the agency, exports to these countries had risen by as little as 10 percent and by up to 140 times from a year earlier during the January-May period. "While these markets account for a relatively small portion of the country's total exports, extended instability could disrupt regional demand," the report noted. KOTRA said it has launched an emergency response task force to monitor energy and logistics developments. The agency also plans to maintain close coordination with its overseas offices to support Korean exporters operating in the region. (Yonhap)
