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S. Korea 4th easiest in world to do business

South Korea ranked No. 4 among the easiest places in the world to do business, according to the “Doing Business 2018: Reforming to Create” report released by the World Bank. New Zealand was No. 1, followed by Singapore and Denmark. ... Read More

Korea’s annual trade volume tops $1trillion

South Korea's annual trade volume surpassed the $1 trillion mark for the first time in three years, driven by upbeat exports of memory chips and petrochemical products, the government said Thursday. The total amount of trades by Asia's fourth-largest economy ... Read More

Tariff on LNG imports faces backlash from energy firms

South Korean energy companies are resisting a recent government decision to impose a huge tariff on steel giant POSCO for its imports of low-priced liquefied natural gas, industry sources said Tuesday. The backlash comes after the Korea Customs Service informed ... Read More

Hyundai Motor to set up commercial vehicle joint venture in Indonesia

South Korea’s Hyundai Motor signed a business deal to set up a commercial vehicle joint venture with Indonesia’s Artha Graha Group to tackle the Southeast Asia market, the company said Tuesday. The joint venture marks the first outcome in the ... Read More

Korea, Britain to hold talks over post-Brexit trade deal

Trade officials of South Korea and Britain will meet this week to discuss ways to forge a new trade deal after London exits from the European Union, Seoul's trade ministry said Monday. South Korea signed a free trade agreement with ... Read More

Economic growth to slow to 2.9% in 2018: KDI

The South Korean economy is expected to grow 2.9 percent next year, slowing down from this year's estimate of a 3.1 percent expansion, as export growth and domestic consumption recovers, while facility investment declines. "Our economy's export growth will be ... Read More

Korea’s agricultural exports to China rebound amid THAAD row thaw

South Korea’s exports of agricultural products to China showed signs of rebounding last month, following the announcement that South Korea and China had decided to begin normalizing bilateral relations in October. According to the Korea Agro-Fisheries & Food Trade on ... Read More

S. Korea’s Trade Surplus with US Likely to Post Below $20 Bln This Year

South Korea's trade surplus with the U.S. is unlikely to reach 20 billion U.S. dollars for the first time in five years this year, amid U.S. calls for addressing bilateral trade imbalances. According to the Ministry of Trade, Industry and ... Read More

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