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S. Korea’s export prices showed upturn in February

South Korea’s export prices increased for the first time in four months in February on higher prices of petroleum products, central bank data showed Friday. The export price index stood at 82.97 last month, up 0.2 percent from the previous ... Read More

Construction projects worth W12.6tr to break ground this year: govt

South Korea’s government will expand support for private investors so that ongoing infrastructure projects worth 12.6 trillion won ($11.1 billion) can break ground within the year, according to the Ministry of Economy and Finance on Wednesday. The 13 projects, most ... Read More

[Advertorial] Eximbank hosts meeting of inter-Korean advisory committee

The Export-Import Bank of Korea held a meeting of its advisory committee on inter-Korean exchanges on Wednesday, the agency said, to discuss the outcome of the recent US-North Korea summit in Hanoi. A panel of eight experts gathered to discuss ... Read More

EU confirms S. Korea’s exclusion from tax haven blacklist

The European Union confirmed its decision to exclude South Korea from its tax haven blacklist, acknowledging the country’s efforts throughout last year to improve transparency in foreign investment, Seoul’s Ministry of Economy and Finance said Tuesday. The Economic and Financial ... Read More

S. Korean economy can meet 2.6-2.7% growth target in 2019: IMF

The South Korean economy should be able to grow 2.6-2.7 percent this year if the government maintains expansionary fiscal policies, the International Monetary Fund said Tuesday. "The government's growth target of 2.6-2.7 pct is feasible this year, provided that there ... Read More

S. Korea’s goods trade surplus with U.S. falls to below $20b mark in 2018

South Korea's trade surplus with the United States fell sharply to below the $20 billion mark last year for the first time in six years, U.S. data showed Saturday. The world's largest economy posted a deficit of $17.9 billion in ... Read More

SK Telecom, Singtel likely to team up for OTT services

South Korea’s biggest telecom firm SK Telecom is seeking to partner with Singapore’s Singtel to invest in each other’s over-the-top streaming platforms amid growing challenges from global tech giants, according to a local media report Sunday. Citing a senior official ... Read More

[Feature] Is Kim Jong-un considering ‘new way’?

Following the failure to reach an agreement at last month’s summit between the US President Donald Trump and North Korean leader Kim Jong-un in Hanoi, tension has been building between the two sides, threatening the negotiations that they have built ... Read More