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Korea’s trade surplus with the US drops

The United States exported record-high $48.28 billion worth of goods to South Korea in 2017, while Korea exported $71.16 billion of products to the US, data by the US Department of Commerce showed. Korea’s trade surplus consequently dropped 17 percent ... Read More

Vegetable Prices Soar ahead of Lunar New Year

Vegetable prices are soaring ahead of the Lunar New Year holidays due to the coldest weather in recent years and heavy snow on Jeju Island, the main vegetable production area in winter. According to the Korea Agro-Fisheries and Food Trade ... Read More

Pemerintah Korea: Pemulihan Ekonomi Korea Selatan Sedang Berlangsung

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Local beer makers struggle amid imported beer boom

Cass has long been a household name in Korea -- even to those who do not imbibe. Korea’s No. 1 beer maker Oriental Brewery has been around for over 80 years, but it has only recently been making moves into ... Read More

Korea faces 40 import restrictions from US

South Korea faces far more import restrictions from the United States than any other country in a clear sign of growing American trade pressure on its ally, a trade body said Tuesday. Asia's fourth-largest economy was subject to 196 import ... Read More

Concerns rise over signals of weakening economy

Recent economic indicators point to the weakening vitality of the Korean economy shored up largely by an increase in exports. Business sentiments remain pessimistic as manufacturing and construction sectors are suffering setbacks. Core inflation, which excludes volatile oil and food ... Read More

S. Korea, China agree to boost tourism, economic cooperation

The top economic policymakers of South Korea and China agreed to boost bilateral tourism and economic cooperation, Seoul's finance ministry said Friday, in a sign that Beijing may stop its retaliation against South Korean companies over the stationing of a ... Read More

Inflation weakest in 17 months, Seoul vows actions to keep prices flat

South Korea’s monthly consumer inflation came to 1 percent in January on-year, the slowest gain in 17 months, as the prices of agricultural goods such as vegetables fell, data showed Thursday. Calling such weak inflation “economic stability at target range,” ... Read More

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