News
Oil imports from Iran more than double in Q1
Korea's imports of oil from Iran more than doubled in the first quarter of this year from a year earlier after international sanctions on the Middle East country were lifted in January, industry data showed on Tuesday. According to the ... Read More
Exports of Korean washers nearly triple in Australia, New Zealand
Exports of Korea-made washing machines nearly tripled in Australia and New Zealand for the first three months of the year on the implementation of free trade pacts with the countries, customs data showed Tuesday. Shipments of washers to the two ... Read More
Biz organization urges local services firms to look at China
Korea's corporate organization in a report Tuesday recommended that local services firms find growth outlets in China, laying out four specific strategies to improve their chances of success. The Korea Chamber of Commerce and Industry (KCCI) advised Korean companies to ... Read More
S. Korea, Iran to Set up Desks to Boost Economic Cooperation
South Korea's leading economic organization will establish an Iran desk and vice versa to expand economic cooperation in the private sector. The heads of the Korea Chamber of Commerce and Industry and the Iran Chamber of Commerce, Industries, Mines and ... Read More
Consumer Prices Rise 1% in March
According to government tallies revealed on Tuesday, April consumer prices rose one percent, compared to the same period last year. Rises in farm, dairy and fishery prices, home and service sector prices appear to be largely behind the price hike. ... Read More
Samsung Edges Apple in U.S. Smartphone Sales
Samsung Electronics has recaptured the top market share in U.S. smartphone sales. According to Counterpoint Technology Market Research, a Hong Kong market research firm, Samsung held a 28-point-eight percent market share in March. Samsung hadn't been the top sell since ... Read More
Passenger Traffic at Korean Airports Jumps 12.4 Percent
The number of air passengers was 24-point-four million in the first three months of this year, a 12-point-four percent surge from the same period last year. According to tallies from the Transport Ministry unveiled on Tuesday, domestic passengers numbered six-point-eight million, ... Read More