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Koreans still distrustful of Japanese fish products after nuclear meltdown

A majority of South Koreans favor banning the import of Japanese fishery products, a survey showed Friday, underscoring lingering safety concerns about possible radioactive contamination. Radioactive water leaked following the meltdown at Japan's Fukushima nuclear power plant in 2011. The ... Read More

Korea’s economy grows 3.1% in 2017: BOK

South Korea's economic growth accelerated last year on the back of robust exports amid a global economic recovery, the Bank of Korea said Thursday. The nation's economy expanded 3.1 percent in 2017 from a year ago, when it grew 2.8 ... Read More

Korea languid in resources development abroad

Korea remains increasingly vulnerable to possible disruptions in overseas supplies of critical minerals used in everything from batteries to semiconductors and smartphones. Global demand for critical minerals continues to rise in keeping with the advancement of the “fourth industrial revolution,” ... Read More

Korea to expand trade talks during Olympics

The South Korean government is looking to the upcoming 2018 PyeongChang Winter Olympics as beacon for providing additional means and opportunity in which the country can expand its economic territory and extend multilateral Free Trade Agreement talks with leaders from ... Read More

Korea’s global competitiveness sapped by political scandal, fine dust

South Korea’s global competitiveness ranking remained low at 29 among 63 countries in 2017, hit by a political scandal that rocked the nation last year, weak exports and fine dust, a report by an international institute showed Thursday. According to ... Read More

Vietnam grows as Korea’s major export destination

South Korea’s exports to Vietnam have been growing, with the size of the trade surplus for Seoul surpassing that with the United States, data from the Korea International Trade Association showed Thursday. Korea exported $47.7 billion worth of products to ... Read More

EU to remove Panama, Korea, UAE, 5 other from tax haven blacklist

BRUSSELS -- European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance. EU states decided last month ... Read More

Rising won, rates, oil pose downside risks

The prospects of a simultaneous rise in the value of the won, interest rates and oil prices are casting a shadow on the government’s expectation that the Korean economy will grow more than 3 percent this year, propelled by a ... Read More

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