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S. Korea expects slower export growth in April

South Korea will take proactive measures to boost exports to maintain growth momentum despite rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said Friday. The Ministry of Trade, Industry and Energy expected ... Read More

Korea, China to resume consultations on fisheries cooperation amid recovering ties

South Korea and China will hold a meeting on fisheries cooperation next week, resuming the regular consultations that have been suspended for nearly two years over the neighbors' diplomatic feud, sources said Tuesday. The two countries are currently discussing details ... Read More

IMF Maintains S. Korea’s Growth Outlook at 3% for This Year

The International Monetary Fund(IMF) has maintained its growth forecast for South Korea at three percent for this year and two-point-nine percent for next year. The IMF released the estimates in its World Economic Outlook report on Tuesday, unchanged from its ... Read More

Korea, China to resume consultations on fisheries cooperation amid recovering ties

South Korea and China will hold a meeting on fisheries cooperation next week, resuming the regular consultations that have been suspended for nearly two years over the neighbors' diplomatic feud, sources said Tuesday. The two countries are currently discussing details ... Read More

Exports of Korean cigarettes drop on tax hike in key markets

Exports of cigarettes, which rank top on the list of export items tracked by South Korea’s Agriculture Ministry, plunged during the first quarter of this year. Cigarette exports totaled $210.6 million from January to March, marking a 28.3 percent drop ... Read More

S. Korea discusses post-sanctions economic cooperation with Sudan

South Korea and Sudan held a high-level policy consultation meeting on Thursday to discuss strengthening economic cooperation in the wake of the lifting of American sanctions on Sudan last year, the foreign ministry here said. Deputy Foreign Minister for Economic ... Read More

Public institutions to buy W43b worth of products from SMEs

South Korean public institutions signed a deal to buy some 43 billion won ($40 million) worth of products made by small and medium-sized enterprises this year as part of Seoul's efforts to encourage the growth of smaller companies, the government ... Read More

Union of Shipbuilder STX Agrees on Restructuring Plan

Unionized workers of cash-strapped shipbuilder STX have agreed to a restructuring plan. The labor union of STX Offshore & Shipbuilding completed negotiations with management at around 6 p.m. on Tuesday and then submitted a letter expressing its commitment to the ... Read More



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