News
Exports decline in record-breaking losing streak
Korea’s exports remained persistently low in March, falling for the 15th consecutive month to post a record-breaking losing streak, government data showed Friday. The 8.2 percent decline, however, marked the first single-digit decrease in four months. Total exports stood at ... Read More
Korean beef prices continue to climb
Prices of Korean beef, or “Hanwoo,” are continuing to rise due to growing demand and fewer Korean-bred cattle, data showed Friday. According to the Ministry of Agriculture, Food and Rural Affairs, the average price of beef from a cow weighing ... Read More
Korea’s exports shrink 8.2% on-year in March
South Korea's exports continued to shrink from a year earlier in March, but the rate of decline slowed significantly from the previous month, government data showed Friday. Outbound shipments came to $42.98 billion in March, down 8.2 percent from the ... Read More
Korean stocks traded lower on foreign, institutional selling
South Korean shares traded lower late Friday morning as tech, auto and other major issues lost ground amid foreign and institutional selling. The benchmark Korea Composite Stock Price Index lost 11.08 points, or 0.56 percent, to 1,984.77 as of 11:20 ... Read More
Caffe Bene seeks rebound with Korean-style ‘indulgence’
In mid-March, financially ailing coffee chain Caffe Bene secured a $13 million investment from an overseas partner with an interesting name: Hallyu Ventures. The company is a joint operation between Singaporean global food chain Food Empire and the Salim Group ... Read More
Top S. Korean Shipbuilders Fail to Win Contract amid Global Downturn
Two of three South Korea’s major shipbuilders have failed to win any contracts so far this year. According to Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering on Wednesday, the two companies did not obtain any new orders during ... Read More
Incheon Int‘l Airport to open FedEx cargo terminal
Incheon International Airport and FedEx Corp.’s affiliate Federal Express signed an agreement to open and operate an exclusive FedEx cargo terminal, the airport and the Transport Ministry said Wednesday. According to the airport, the 23,425-square-meter exclusive courier terminal will be ... Read More