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Korea’s top 3 shipyards log W8tr operating loss in 2015

South Korea’s big three shipbuilders probably posted a record operating loss in 2015, stung by a combination of a prolonged industry slump, a series of order cancellations and a delay in the construction of offshore facilities, data showed Thursday.According to ... Read More

Korea, Israel open FTA talks

By Sohn Ji-young,The South Korean government hosted a public meeting in Seoul on Wednesday to discuss the potential benefits and economic impact of a free trade agreement with Israel.Led by the Ministry of Trade, Commerce and Economy, the session brought ... Read More

Hyundai, Kia see US. Sales grow 7 percent

WASHINGTON- Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States grow 7 percent in December, thanks to a nearly 20 percent jump in Kia’s sales, industry data showed Tuesday.The two South ... Read More

Korea logs $1b trade surplus in cosmetics

By Bae Ji-sook,korea's trade surplus in cosmetics marked $1.2 billion in 2015, its highest ever, the korea Customs Service said Wednesday.The growing popularity of Korean beauty products accros Asia, especially in China, was the main engine behind the phenomenal success, and ... Read More

Korea’s auto imports top $10b for first time in 2015

South Korea’s annual imports of automobiles topped $10 billion in 2015 for the first time since the country opened its market to foreign brands nearly three decades ago, government and industry data showed Wednesday. According to the data by the ... Read More

Warm Winter Alters Public Life

Kim Mi-ra, a 58 year old businesswoman in Seoul, has not worn a thick and heavy padded coat this winter. She has so far preferred a thin woolen overcoat or a light jacket. "A heavy padded coat with mufler and ... Read More

Incheon Airport Sees Largest No. of Passengers

A record number of travelers crowded incheon International Airport on Jan. 3, the first sunday of the new year. According to Incheon International Airport Corporation, 87,067 passangers were scheduled to arrive at the terminals. In total, there were 176,432 passengers ... Read More

S. Korea-China FTA Ratified by S. Korean Parliament

The South Korean parliament on Monday approved the nation's free trade agreement with China. The parliamentary ratification came about six months after the leaders of the two countries signed the deal and made it possible for the pact to take effect ... Read More