The Finance Ministry has assessed the nation's exports and consumption are maintaining solid growth pace but investment and employment remain sluggish. The ministry on Friday said in its monthly economic assessment report that the economy is on a firm growth ... Read More
Economists have raised the alarm on the weakening growth momentum of the Korean economy, calling on the government to take steps to prevent the country from being stuck in a prolonged slowdown. Local research institutes predict that Asia’s fourth-largest economy ... Read More
Dairy exports to China are recovering quickly this year after a steep dive in 2017 due to a diplomatic spat, industry officials said Monday. Maeil Dairies Co. is estimated to have increased its exports to China by 20 to 30 ... Read More
NEW YORK, -- South Korean President Moon Jae-in and Chilean President Sebastian Pinera agreed Wednesday to further develop their countries' bilateral relationship and also boost their trade by seeking to revise their free trade agreement. In a bilateral summit held ... Read More
The latest rate hike by the US Federal Reserve will have a limited impact on South Korea, with authorities here ready to take actions if the need arises, the country's chief economic policymaker said Thursday. As widely expected, the US ... Read More
The uncertainty concerning South Korea’s economic growth and economic policies reached the highest level in 15 months, global data showed Sunday. According to the Economic Policy Uncertainty Index, Asia’s fourth-largest economy recorded 155.15 in July, the highest since 165.4 in ... Read More