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Korea’s exports may rebound in Aug.: finance minister

South Korea's finance minister on Sunday said the country's exports are anticipated to rebound in August, although uncertainties still remain after Britain's exit from the European Union. "(The recovery) may come in August," Finance Minister Yoo Il-ho said in a ... Read More

U.S. to slap heavy anti-dumping duties on S. Korean steel imports

SEOUL, July 21 (Yonhap) -- The United States has made a final decision to impose anti-dumping duties of up to 48 percent on imports of corrosion-resistant steel from South Korea, a key trade agency here said Thursday. In its recent ... Read More

EU, Indonesia launch free trade talks

BRUSSELS (AFP) – the EU’s 28 member states agreed on Monday to launch free trade talks with Indonesia, despite public doubts in Europe about two major transatlantic deals. The deal with Indonesia will build on pacts with other Asian powers ... Read More

Cigarette sales rise despite antismoking campaign

SEOUL, July 20 (Yonhap) -- Sales of cigarettes in South Korea rose about 14 percent in the first half of the year, despite last year's price hike and the government's antismoking campaign, according to industry data Wednesday. Smokers in South ... Read More

Furniture imports hit all-time high in H1

The total value of furniture imports in the first half of this year recorded an all-time high breaking last year’s record, according to customs data on July 18. Furniture imported in the first half of 2016 was worth US$1.54 billion, ... Read More

Short-term Floating Fund Surpasses 950 Tln Won For 1st Time

South Korea’s idle money yet to be committed to long-term investment has hit a record high despite the efforts by the Bank of Korea(BOK) to provide liquidity for the market, reeling from the heightened uncertainty at home and abroad, by ... Read More

Korea’s E-Mart to open its first big-box store in Mongolia

South Korea’s E-Mart Inc., a unit of the country’s retail giant Shinsegae Group, will open its first store in Mongolia on July 28 in hopes of boosting not only its sales but also exports of Korean-made goods to the country. ... Read More

UK Business Secretary to Launch Trade Talks with S. Korea, US, China, Japan

U.K. Business Secretary Sajid Javid will launch trade talks with South Korea, the United States, China and Japan over the next few months to replace trade deals established by the European Union. The AFP reported that Javid disclosed in a ... Read More

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