News
Consumer prices gain less than 1% in January
South Korea's consumer prices grew less than 1 percent for the first time in three months, a government report showed Tuesday, rekindling concerns about deflation.The country's consumer price index rose 0.8 percent last month from a year earlier, a 0.5 ... Read More
Exports Witness Sharpest Drop in 6.5 Years in January
Anchor: The nation’s exports slipped 18-and-a-half percent year-on-year in January. It marks the sharpest decline to be posted since August 2009 when the nation was in the doldrums from the global financial crisis. Our Bae Joo-yon has more. Report: The ... Read MoreKoreas GDP Growth Slips to 2,6% in 2015
By Chung Joo-won The ailing South Korean econo my grew 2.6 percent in 2015, the lowest in three years, largely due to slumping exports and manu-facturing, the Bank of Korea said Tuesday. The nation's fourth-quarter gross domestic product rose 0.6 ... Read More
S. Korea’s Trade Terms Improve in 2015
South Korea's terms of trade significantly improved last year as import prices fell 18-point-three percent amid low oil costs. The Bank of Korea said on Monday that the average terms-of-trade index for goods came to 99-point-97 in 2015, up eleven-point-two ... Read MoreCosmetics exports to China set record in 2015
South Korea’s cosmetics exports to China reached a record-high level in 2015, data showed Sunday, apparently driven by the boom of Korean po culture in Asia’s No. 1 economy. According to the data compiled by the Korea International Trade Association, ... Read MoreImported Coffee, Wine, Beer more Expensive in Korea
The price of some imported items such as wine, coffee and fruit were higher in South Korea then in a dozen other countries, according to data compiled by a local civic group.For instance, a tall cup of starbucts coffee, a ... Read MoreImports of Japanese Fishery Goods on Rise
South Korea’s imports of Japanese fishery products increased on year in 2015, data showed Sunday, marking the first rise since the 2011 Fukushima nuclear accident sparked contamination concerns.According to the data compiled by the Ministry of Ocean and Fisheries, the ... Read More