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Korea’s exports rise 6.1% on-year in March

South Korea's exports rose 6.1 percent last month from a year earlier to mark the largest monthly tally for March, government data showed Sunday. Outbound shipments reached $51.58 billion in the one-month period, up from $48.64 billion a year ago, ... Read More

China Begins Antidumping Probe on Phenol Imports from S. Korea, US, Japan

With fears mounting over a trade war between the U.S. and China, Beijing has launched antidumping investigations on phenol imports from the U.S., South Korea and Japan. China’s Commerce Ministry announced in a statement that it began the antidumping probe ... Read More

S. Korea’s Consumer Sentiment Dips for Fourth Month

South Korea's consumer confidence worsened for the fourth consecutive month in March amid growing pressure from U.S. protectionist moves and the restructuring of General Motors(GM) Korea. According to a survey by the Bank of Korea on Tuesday, the composite consumer ... Read More

Korea to walk a tightrope in US-China trade row

Negotiations with China and Japan on a trilateral free trade agreement could provide Korea with a framework instrumental in coping with rising global protectionism, experts say. Intensifying trade conflicts between the US and China might get Beijing to be more ... Read More

Korea vulnerable to global trade war

Concerns are rising that Korea, which is heavily dependent on exports for growth, will become the biggest victim of a looming global trade war prompted by US protectionist measures and retaliatory moves from other major economies. China and the EU ... Read More

S. Korea pins hope on steel tariff exemption

Speculations rose Tuesday that South Korea may have to make compromises concerning its free trade deal renegotiation with the US, as it seeks to be exempted from the Trump administration’s new steel tariff. The possibility escalated after Seoul’s top economic ... Read More

Vietnam to be Korea’s No. 2 export market in 2020: report

Vietnam is expected to outstrip the United States as Korea's second-largest export destination in 2020 thanks to a bilateral free trade deal, a report said Tuesday. "Bilateral trade is expected to exceed $100 billion in 2020, making Vietnam the No. ... Read More

100 Bln Won Taxes Slapped on Samsung Chief, Conglomerate Heads

The National Tax Service(NTS) has imposed taxes of about 100 billion won on Samsung Group Chairman Lee Kun-hee and other conglomerate chiefs who have maintained borrowed-name accounts. According to the NTS and the financial industry on Monday, the tax service ... Read More

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