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Washington’s Growing Trade Pressure on the Korean Economy

Dark clouds are appearing over the Korean economy. South Korea and the U.S. have agreed to begin procedures to revise their free trade agreement or FTA, with the U.S. hinting at the possibility of imposing safeguard restrictions on Korean washing ... Read More

[Statistics] South Korea Economic growth rate

According to data by the Bank of Korea and Statistics Korea, the economic growth rate has continued to decrease in the past decades throughout three different administrations, dropping significantly from around 5 percent of growth rate recorded in the 2000s. ... Read More

Trade Expo Indonesia 2017 Record US $ 1.26 Billion Transaction

Trade Expo Indonesia (TEI) in 2017 recorded a total transaction worth US $ 1.26 billion or 24.3% higher than last year's realization of US $ 1.02 billion. The number of visitors also increased from 15,567 people to 22,088 people. Trade ... Read More

Korea eyes lead in ‘4th industrial revolution’

The South Korean government is gearing up to expand and systemize support for industries to lead in the “fourth industrial revolution” that is anticipated to bring about some 40 trillion won ($35.3 billion) in economic effects. On Tuesday, President Moon ... Read More

Growth policy refocused as economy weakens

Data released last week pointed to the deepening sluggishness of the Korean economy, strengthening the case for readjusting the new administration’s policy focused on expanding welfare benefits and guaranteeing higher wages and a more secure job status for employees. Retail ... Read More

Agro-food exports to China rebound in September

South Korea's food and agricultural exports to China rebounded for the first time in six months in September, thanks to strong sales of gingseng, ramyeon and beer, the government said Wednesday. Outbound shipments of food and agricultural products to China ... Read More

IMF Raises S. Korea’s Growth Outlook to 3% for 2017

The International Monetary Fund (IMF) has upgraded its growth forecast for South Korea to three percent for both this year and next year. The IMF released the revised outlook in its World Economic Outlook report on Tuesday. The previous estimate ... Read More

Economic Growth Likely to Remain in mid-0% Range in 3Q

With economic recovery losing some steam, South Korea’s economic growth for the third quarter is expected to remain in the mid-zero percent range like it had in the second quarter. According to the Finance Ministry, Bank of Korea and private ... Read More

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