News
Decline in exports
Korea struggles to reverse decline in exports By Kim Kyung-ho Korea has seen its exports declining for 14 months in a row since January last year. The record streak of on-year monthly decrease -- with double-digit figures for the December-February ... Read More
Beer imports hit all-time high
Beer imports to Korea hit a record high in 2015, with a growing number of Korean consumers turning to low alcohol beverages and seeking diversity, data showed Wednesday. According to the Korea Agro-Fisheries and Food Trade Corporation, Korea imported 170,919 ... Read More
Creditors roll over debts for cash-strapped Hyundai Merchant Marine
Creditors, led by the state-run Korea Development Bank, decided Tuesday to give some breathing room for cash-strapped shipping company Hyundai Merchant Marine, by rolling over debts. A week ago, Korea’s No. 2 shipping operator sought the approval of its creditors ... Read More
Gov’t to Foster Prestigious, Long-Running Companies
The Small and Medium Business Administration said on Tuesday that a revised bill has been proclaimed for a law on promoting small-and mid-sized firms, setting the stage for the government to foster small companies into ones that last for more ... Read More
More “China Desks” to be Established Nationwide
The government will exert further support for small- and mid-sized firms making strides to advance into China as Monday marked 100 days since the South Korea-China free trade agreement(FTA) took effect. The Ministry of Trade, Industry and Energy announced on ... Read More
Consumer Sentiment Improves for the First Time in 4 Months
The nation's consumer sentiment has marked an improvement for the first time in four months, indicating that the domestic financial market may be stabilizing amid eased jitters about the global economy. Bank of Korea(BOK) data on consumer trends for March ... Read More
Samsung to construct a $300 million R&D center in Vietnam
Samsung is investing $300 million in Vietnam to set up a research and development center in Hanoi. The Vietnamese government has approved Samsung’s plan to build a mobile communication research and development facility, the government has allowed the company to ... Read More