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S. Korea’s Services Account Deficit Continues in November

South Korea's services account posted a deficit of over three billion dollars in November due to a rise in overseas trips and a decrease in Chinese tourists. According to data by the Bank of Korea(BOK) on Friday, the country's services ... Read More

S. Korean Conglomerates Hold Kick-off Ceremonies for New Year

South Korean conglomerates have held New Year ceremonies to launch their business plans for the year. In a meeting on Tuesday, Samsung Electronics president Kim Ki-nam urged the company’s executives and employees to build on the successes of last year ... Read More

Korea expects 4% growth in exports for 2018: minister

South Korea expects to see its exports grow 4 percent this year, slowing down from a double-digit expansion in 2017, amid a strengthening local currency and potential geopolitical risks, the industry minister said Monday. "The government will do its best ... Read More

Challenges await South Korea in 2018

For South Korea, 2017 was full of upheavals, including the ouster and imprisonment of a scandal-ridden former president and the dramatic rise of a new progressive government. The real challenges, however, seem to lie ahead in 2018 as the nation ... Read More

Lotte to acquire Indonesian plastic material companies

Lotte Advanced Materials Co., the chemical unit of South Korean conglomerate Lotte Group, has decided to acquire two troubled plastic makers in Indonesia as part of its vision to turn the Southeast Asian country into its global chemical outpost. The ... Read More

S. Korea’s Shinhan Investment manages first IPO in Indonesia

South Korea’s Shinhan Investment Corp. has successfully pulled off its first offshore initial public offering (IPO) of a local firm on the Indonesia Stock Exchange (IDX). According to Shinhan Investment Corp. on Wednesday, its overseas unit in Indonesia oversaw IPO ... Read More

Current Status and Future Prospects of Korea’s Coffee and Dessert Industry Writer

Scale of Korea’s restaurant and dessert markets Korea’s restaurant industry witnessed a 233 percent rise in total annual sales from KRW 46.253 trillion (USD 46.35 billion) in 2005 to KRW 108 trillion in 2015. Such growth was caused by socioeconomic ... Read More

Korea to invest W110tr in renewable energy sources by 2030

South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won ($101 billion), the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy ... Read More

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