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Exports fall 5.8% in first 20 days of October

SEJONG -- South Korea's exports fell 5.8 percent on-year in the first 20 days of October amid the fallout from the new coronavirus outbreak, customs data showed Wednesday. The nation's outbound shipments stood at $25.2 billion in the Oct. 1-20 ... Read More

S. Korea to lift export ban on mask filters

South Korea said Tuesday it will lift the export ban on nonwoven fabrics this week that are used to produce protective masks as the domestic supply of the materials and masks stabilized. Under the decision, the country will lift the ... Read More

Retail giants’ sales dip over 2tr won this year amid pandemic: poll

Combined sales by South Korea's retail giants are estimated to have declined more than 2 trillion won ($1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry ... Read More

Economic recovery shows signs of delay over virus resurgence: korea finance ministry

SEJONG -- Economic recovery has shown signs of delay due to a resurgence in new coronavirus infections in mid-August, but the pace of decline in exports eased, the finance ministry said Friday. In a monthly economic report, called the "Green ... Read More

Virus-hit S. Korean exporters pining hopes on ASEAN, China: poll

Nearly half of South Korean exporting companies expect Southeast Asian and Chinese markets to spearhead a recovery in their exports down the road, a poll showed Thursday. According to the survey of 1,051 local exporters, 25.2 percent of the respondents ... Read More

BOK freezes key rate amid virus fallout and growing household debt

South Korea's central bank froze its key interest rate at a record low Wednesday amid heightened economic uncertainties over the protracted coronavirus outbreak and rising housing prices. The Bank of Korea (BOK) also voiced concerns about the fast growth of ... Read More

FDI pledges to S. Korea up 43.6% in Q3 despite pandemic

Foreign direct investment (FDI) pledges to South Korea shot up 43.6 percent in the third quarter of 2020 from a year earlier, data showed Tuesday, as the manufacturing segment drew a massive investment commitment. Asia's No. 4 economy received $5.23 ... Read More

Economy remains subdued as virus resurgence hits demand: KDI

South Korea's economy remained subdued as a recent resurgence of new coronavirus infections hit domestic demand, a state-run think tank said Monday. "The Korean economy remains subdued led by domestic demand due to a resurgence of COVID-19," the Korea Development ... Read More