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Korea-Indonesia currency swap extended by three years, worth 10.7 trillion won

The currency swap deal between South Korea and Indonesia has been extended for another three years.The Ministry of Strategy and Finance said yesterday that the Bank of Korea and Indonesia's central bank have extended the won/rupiah currency swap deal by ... Read More

Demand for tires and prospects for positive growth in the new car market

Indonesian car tire makers predict the domestic market will grow robustly this year.According to a local business Indonesia report on Monday, the market for new cars is expected to remain sluggish, while demand for replacement will be favorable.This year's tire ... Read More

Consumption drops rapidly upon coronavirus in South Korea Decline in consumption in 3 weeks of Feb.

With the vast spread of COD-19 across the nation, consumption rapidly dropped in February, particularly among offline businesses.According to data provided by the Korea Finance Ministry, lodges nationwide saw their revenue drop by 17.7 percent, 10.8 percent and 24.5 percent ... Read More

Korean economy tipped to grow below 2 pct on virus

SEOUL, Feb. 24 (Yonhap) -- Major foreign investment banks (IBs) and economic institutes have forecast South Korea's economic growth to be below 2 percent in 2020 due to the fallout of the fast-spreading novel coronavirus. According to a recent survey ... Read More

Korea’s exports show signs of improvement, but will new coronavirus hamper upturn?

While South Korea’s exports failed to rebound from a minus figure in January, the daily average exports showed an upturn for the first time in 14 months, raising hopes for an overall recovery. The government has forecast the exports to ... Read More

Lotte Chilsung rolls out eco-friendly water product with no plastic labels

Lotte Chilsung Beverage said Wednesday it has rolled out bottled mineral water without plastic labels. The new product, 1.5-liter Icis 8.0 Eco, has its brand name engraved on the plastic bottle, taking away the hassle of having to remove the ... Read More

Korea’s industrial output grows 1.4% in December

South Korea's overall industrial output gained 1.4 percent in December from a month earlier despite a slight tumble in the service sector, data showed Friday. From a year earlier, the overall industrial output grew 3.2 percent, according to the data ... Read More

Penandatanganan Kesepakatan Perdagangan AS dan China Tahap Pertama

Pada tanggal 15 Januari waktu setempat, Presiden Amerika Serikat (AS), Donald Trump dan Wakil Perdana Menteri China, Liu He memberi tanda tangan pada kesepakatan perdagangan antara AS dan China di Gedung Putih. Kesepakatan kali ini bermakna penting karena AS dan ... Read More