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China exports slump more than a quarter in February: Customs

China's exports plunged 25.4 percent year-on-year in February to $126.1 billion, Customs said Tuesday, as the struggling manufacturing sector dragged down the world's second-largest economy. The fall was much sharper than economists expected, with the median estimate of a Bloomberg ... Read More

Gov’t to Promote Eco-Friendly Aquaculture

The Ministry of Oceans and Fisheries has unveiled a plan to promote eco-friendly aquaculture with increased financial support. The plan involves an investment of 31-point-two billion won, or nearly 26 million U.S. dollars, in 15 environment-friendly mariculture projects. About a ... Read More

E-Commerce Transactions Exceed 100 Trillion Won

Recent tallies have shown that e-commerce transactions exceeded the 100-trillion-won mark for the first time last year. The tallies from the Financial Supervisory Service(FSS) showed that e-commerce transactions were worth 109-point-eight trillion won, or about 92 billion U.S. dollars, last ... Read More

Buying Mission ITPC Busan dengan MOU Pembelian Kopi Mandheling

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Pakistan, Korea inch toward FTA

Pakistan and Korea are striving to launch a free trade agreement following an ongoing feasibility study, hoping to capitalize on each other’s geostrategic leverage, Pakistan’s top envoy to Korea said. In an interview with The Korea Herald in early February, ... Read More

Korea’s exports decline for 14th straight month

Pinched by weak overseas demand and low oil prices, South Korea’s exports plummeted 12.2 percent in February compared to the same month a year before, continuing the double-digit fall trend for the third straight month. The country’s overall outbound shipments ... Read More

Korean Worker’s Wages Half Those of Germans

South Korean workers only earn half what their German counterparts make per hour due to longer work hours and lower productivity, a report by an international economic organization showed Tuesday. According to the work quality report by the Organization for ... Read More

POSCO bets on lithium business

By Cho Chung-un POSCO, the world's fourth-largest steelmaker, has begun work on a lithium extraction plant in Argentina as part of its strat-egy to prioritize its business in the metal. Upon the completion of the plant by the end of ... Read More