South Korea's exports again shrank from a year earlier in July, posting an on-year drop for the seventh consecutive month, the government said Saturday. The country's overall outbound shipments came to US$46.61 billion last month, down 3.3 percent from the ... Read More
Nonghyup Financial Group Inc., South Korea's fourth-largest banking group by assets, is considering buying banks in Indonesia and Myanmar in a bid to expand its overseas business and diversify its portfolio, the group's chairman said Monday. Nonghyup Financial is the ... Read More
The nation's exports have dropped for the seventh straight month. Based on a tentative tally, the Ministry of Trade, Industry and Energy said Saturday that exports fell three-point-three percent in July year-on-year to 46-point-six billion dollars. Imports fell 15-point-three percent in ... Read More
South Korea has posted a current account surplus for a 40th month in a row. The Bank of Korea said Monday that the provisional estimate of current account surplus in June stood at 12-point-19 billion U.S. dollars, up 41-point-four percent ... Read More
President Park Geun-hye said the country must take advantage of its creative economy infrastructure, so that it can begin to bear fruit. At the presidential office on Friday, Park sat down with some of the nation’s top business leaders including ... Read More