• English
  • Bahasa Indonesia
  • 한국어

News

S. Korea Urges Japan to Accept WTO Ruling on Seafood Import Ban

South Korea's trade minister has called on Tokyo to accept the World Trade Organization's(WTO) decision upholding Seoul's import restrictions on Japanese seafood following the 2011 Fukushima nuclear disaster. According to the Trade Ministry in Seoul on Friday, Minister Yoo Myung-hee ... Read More

[News Focus] Online shopping expands more than 100% in 3 years

SEJONG -- South Koreans have sharply increased their shopping through computers and smartphones in recent years, which is taking up more than 20 percent of their total consumption. The rapid growth of online shopping transactions has been backed by systematic ... Read More

[News Focus] Manufacturers’ production capacity slides to mid-2016 levels: index

SEJONG -- The manufacturing industry has come to a standstill in output and productivity that could further weaken the nation’s already lackluster economic growth, which has suffered as a result of sagging exports and weak private consumption. According to Statistics ... Read More

OECD cuts S. Korea’s growth outlook for 2019 to 2.4%

The Organization for Economic Cooperation and Development has slashed its growth outlook for the South Korean economy this year to 2.4 percent, amid the prolonging impact of US-China trade frictions, the Ministry of Economy and Finance said Tuesday. The domestic ... Read More

S. Korea’s exports slip 2% in April amid chip, China factors

South Korea’s exports dropped 2 percent in April from the previous year, marking the fifth consecutive month of downtrend amid a prolonged slump in the chip-making business and sluggish demand from China, government data showed Wednesday. The volume of outbound ... Read More

U.S. President Trump singles out Lotte’s $3.1 bn capex in Louisiana

Lotte Group Chairman Shin Dong-bin was invited to the White House on Monday by U.S. President Donald Trump eager to personally express appreciation after South Korea’s fifth-largest conglomerate opened a $3.1 billion ethane cracker and ethylene glycol production complex in ... Read More

S. Korea’s exports slip 2% in April amid chip, China factors

South Korea’s exports dropped 2 percent in April from the previous year, marking the fifth consecutive month of downtrend amid a prolonged slump in the chip-making business and sluggish demand from China, government data showed Wednesday. The volume of outbound ... Read More

67% of S. Korea’s Exports Depend on Large-Sized Firms

The South Korean economy’s dependence on conglomerates is ever deepening. Statistics Korea said on Wednesday that local companies exported 602-point-four billion U.S. dollars worth of goods last year and 403-point-eight billion dollars of them, or 67 percent, were from large-sized ... Read More