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Backed by FTA, US beef claims half of import market

For the first time in 14 years, imports of US beef accounts for more than half of South Korea’s imported beef market on the back of the two countries’ free trade agreement, according to data from the Korea International Trade ... Read More

Korea ranks 4th in good business environment

South Korea moved up to fourth place in this year’s business environment survey by the World Bank, mainly due to high scores in legal settlements and electricity supply. The organization’s “Doing Business 2018” report comprising the annual survey showed that ... Read More

US issues anti-dumping duties on Korean tubes

US Department of Commerce said Friday it issued preliminary anti-dumping duties on cold-drawn mechanical tubing from South Korea and five other nations, claiming cheap imports were hurting local companies. In a statement, the US government said its investigation determined that ... Read More

Pohang quake to bolster talks on Moon’s nuke-free vision

The Pohang earthquake on Wednesday that has rekindled national anxiety over the safety of nuclear power plants -- mostly located in the southeastern part of the Korean Peninsula -- is likely to add momentum to the Moon Jae-in government’s nuclear-free ... Read More

PM meets with former Indonesian President Megawati

Prime Minister Lee Nak-yon met with former Indonesian President Megawati Soekarnoputri on Tuesday and discussed ways to increase cooperation between their countries, his office said. Megawati arrived in South Korea on Monday for a five-day trip mainly to attend a ... Read More

IMF upgrades Korea’s economic growth outlook to 3.2% this year

The International Monetary Fund said Tuesday that it has revised up its growth outlook for South Korea's economy this year to 3.2 percent. The upward revision came a month after the IMF adjusted South Korea's gross domestic product growth to ... Read More

Most of Koreans think the 1997 financial crisis caused fallout: survey

More than half of South Korean people think the 1997 Asian financial crisis had an adverse impact on the economy, society and their daily lives, a survey showed Tuesday. Twenty years ago, Asia's fourth-largest economy experienced a slump in its ... Read More

S. Korean leader calls for APEC free trade, pledges support for regional FTA

South Korean President Moon Jae-in urged efforts to promote free trade in the Asia-Pacific region Friday, voicing support for the early conclusion of a regional trade deal known as the Regional Comprehensive Economic Partnership. He made the call during a ... Read More

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