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Service exports fall some 8% in 2017

South Korea's service exports shrank nearly 8 percent in 2017 from a year earlier due to a strong local currency amid the service industry's weakening competitiveness, data showed Monday. The service sector in Asia's fourth-largest economy saw its exports reach ... Read More

S. Korea’s medical spending grows fastest among OECD members

According to a report from the Korea Institute for Health and Social Affairs, medical spending in South Korea jumped by an annual average of 6.8 percent from 2005 to 2015 The growth rate during the period outpaced the average of ... Read More

Korean economy losing growth momentum

Recent economic data have pointed to the weakening vitality of the Korean economy, raising questions about the possibility it will grow more than 3 percent this year as predicted by policymakers. The country saw all economic indicators except for retail ... Read More

2018 Asian Games Likely to Generate Rp3 Bn Foreign Exchange

TEMPO.CO, Jakarta - The Ministry of Tourism has estimated the 2018 Asian Games in Jakarta and Palembang will generate foreign exchange worth up to Rp3 billion and lure some 700,000 tourists. The figure includes the number of athletes and official teams at 20,000 people and ... Read More

KITA: S. Korea Needs to Work to Avoid US Anti-dumping Tariffs

A local trade organization has urged South Korea to pay more attention to avoid U.S. anti-dumping moves as most of its exports to the U.S. overlap with already regulated Chinese goods. According to a report by the Korea International Trade ... Read More

Korea, Saudi Arabia discuss ways to expand energy cooperation

South Korea and Saudi Arabia discussed ways to step up cooperation in the energy sector as Seoul seeks to tender a bid for the Middle Eastern nation's nuclear power project, the industry ministry here said Friday. Paik Un-gyu, South Korean ... Read More

Seoul, Beijing, Tokyo oppose trade protectionism, hail inter-Korean summit

Finance chiefs from South Korea, China and Japan on Friday warned against growing protectionism trends and stressed the importance of promoting an open and rule-based trade framework. "We stressed the importance of resisting all forms of protectionism, ensuring an open ... Read More

US to levy antidumping duties on S. Korean carbon, alloy steel wire rod

WASHINGTON -- The United States will levy antidumping duties on imports of South Korean carbon and alloy steel wire rod due to their harmful effect on the domestic industry, a US trade panel said Tuesday. The US International Trade Commission ... Read More

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