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Korea’s global competitiveness sapped by political scandal, fine dust

South Korea’s global competitiveness ranking remained low at 29 among 63 countries in 2017, hit by a political scandal that rocked the nation last year, weak exports and fine dust, a report by an international institute showed Thursday. According to ... Read More

Vietnam grows as Korea’s major export destination

South Korea’s exports to Vietnam have been growing, with the size of the trade surplus for Seoul surpassing that with the United States, data from the Korea International Trade Association showed Thursday. Korea exported $47.7 billion worth of products to ... Read More

EU to remove Panama, Korea, UAE, 5 other from tax haven blacklist

BRUSSELS -- European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance. EU states decided last month ... Read More

Rising won, rates, oil pose downside risks

The prospects of a simultaneous rise in the value of the won, interest rates and oil prices are casting a shadow on the government’s expectation that the Korean economy will grow more than 3 percent this year, propelled by a ... Read More

Korea within reach of becoming 5th largest exporting nation: think tank

South Korea is within reach of becoming the fifth-largest exporting nation in the world, fueled by a steady rise in outbound shipments, a private economic think tank said Sunday. The Hyundai Research Institute said in its latest 2018 export issue ... Read More

Korea to benefit from opening of China’s service market: experts

South Korea is expected to benefit from China's rapidly growing service industry if the two countries agree to upgrade their bilateral free trade agreement to include the service and investment sectors, experts said Friday. South Korea and China implemented the ... Read More

Trade Ministry Expects 2017 Exports to Surpass Target

Indonesia's Trade Ministry estimated the value of the country's exports to have grown 17.2 percent to $170.3 billion in 2017, surpassing its own target of $138.74 billion amid a gradual recovery in global commodity prices. Last year's export prediction was ... Read More

Korea targets 4% growth in exports 2018

Trade officials here expect Korea’s exports will grow 4 percent on-year in 2018. The target is modest compared to last year’s 15.8 percent growth but will still be challenging, as worsening conditions, including the strengthening of the won, are weighing ... Read More

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