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Dairy exports to China making recovery

Dairy exports to China are recovering quickly this year after a steep dive in 2017 due to a diplomatic spat, industry officials said Monday. Maeil Dairies Co. is estimated to have increased its exports to China by 20 to 30 ... Read More

Leaders of Korea, Chile agree to improve ties, boost trade

NEW YORK,  -- South Korean President Moon Jae-in and Chilean President Sebastian Pinera agreed Wednesday to further develop their countries' bilateral relationship and also boost their trade by seeking to revise their free trade agreement. In a bilateral summit held ... Read More

US rate hike to have limited impact on Korea: finance minister

The latest rate hike by the US Federal Reserve will have a limited impact on South Korea, with authorities here ready to take actions if the need arises, the country's chief economic policymaker said Thursday. As widely expected, the US ... Read More

S. Korea’s economic uncertainty hits highest in 15 months: data

The uncertainty concerning South Korea’s economic growth and economic policies reached the highest level in 15 months, global data showed Sunday. According to the Economic Policy Uncertainty Index, Asia’s fourth-largest economy recorded 155.15 in July, the highest since 165.4 in ... Read More

Economists warn of increasing downside risks facing Korea’s exports

A protracted slump in South Korea’s exports might set in next year and jolt the country’s economy, which has relied on outbound shipments for growth amid sluggish domestic demand, economists say. Reports released last week by the Ministry of Economy ... Read More

Some big biz still asking SMEs to provide know-how ahead of contracts: report

Some South Korean big businesses are still asking smaller partners wanting to secure deals to submit technical know-how before the signing of a contract, a report by a local trade federation said Sunday. According to the Korea Federation of Small ... Read More

GS Retail unveils ‘smart convenience store’

GS Retail Co., a major South Korean retailer, said it opened a "smart convenience store" using a face recognition system and other technologies Monday amid local retail firms' race to automation. The company launched its convenience store chain GS25 outlet ... Read More

President Jokowi, S. Korea`s Moon Jae-in Sign 6 MoU

President Joko `Jokowi` Widodo and South Korean President Moon Jae-in signed six memoranda of understanding at the meeting in Changdeokgung, Seoul on Monday, Sept. 11. “I and the delegates are thankful that we were warmly welcomed,” said Jokowi in a ... Read More

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