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S. Korea logs current account surplus for 4th month in Aug.

South Korea posted a current account surplus for the fourth straight month in August as exports declined at a slower pace than imports amid major economies' reopenings after the pandemic-caused lockdowns, the central bank said Thursday. The current account surplus ... Read More

S. Korea adopts tougher safety measures at ASF-hit farms

South Korea said Wednesday it has set up new guidelines for pig farms hit by African swine fever (ASF) as they are gradually preparing for reopening after the disease swept the inter-Korean border area last year. "As the virus can ... Read More

S. Korean manufacturing stays below par amid virus impact: IHS Markit

South Korea's manufacturing activity gathered ground for the fourth straight month in September but remained below par amid the economic fallout from the coronavirus pandemic, a global market researcher said Monday. The purchasing managers' index (PMI) of the country's manufacturing ... Read More

S. Korea’s consumer sentiment sees sharp drop in Sept. amid stricter social distancing rules

South Korea’s composite consumer index shed the most points in six months in September, feeling the impact of stricter social distancing rules following the COVID-19 resurgence, central bank data showed Friday. The index dropped 8.8 points on-month to 79.4 in ... Read More

S. Korea’s industrial output falls 0.9% in August

South Korea's industrial output fell in August for the first time in three months, but consumption increased amid the coronavirus pandemic, data showed Tuesday. The nation's overall industrial production declined 0.9 percent on-month in August, following a 0.1 percent on-month ... Read More

Q3 economic growth tipped to rebound: minister

The South Korean economy is expected to rebound in the third quarter from a trough three months earlier, but the pace of recovery may be sharply curbed by a flare-up in virus cases, the finance minister said Monday. Finance Minister ... Read More

S. Korea’s trade terms rise for 5th straight month in Aug.

South Korea's terms of trade rose for the fifth straight month in August, as import prices fell at a faster pace than export prices, central bank data showed Friday. The country's net terms-of-trade index for goods -- a gauge of ... Read More

S. Koreans’ nonessential spending plummets amid coronavirus

South Korean consumers purchased far fewer nonessential items in the first quarter than normal due to economic uncertainty sparked by the coronavirus pandemic, data showed Sunday. The combined essential spending came to 84.81 trillion won ($71 billion) in the January-March ... Read More