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S. Korea’s exports slip 2% in April amid chip, China factors

South Korea’s exports dropped 2 percent in April from the previous year, marking the fifth consecutive month of downtrend amid a prolonged slump in the chip-making business and sluggish demand from China, government data showed Wednesday. The volume of outbound ... Read More

Korean environmental exhibition wins international acclaim

South Korea’s leading environmental exhibition, the International Exhibition on Environmental Technology & Green Energy, has received UFI certification, the Korea Environmental Preservation Association announced Tuesday. UFI is the French abbreviation for a global association that represents trade show organizers and ... Read More

S. Korea says exports likely to improve in 2nd half

South Korea's exports are likely to improve in the second half as demand for semiconductors picks up gradually, a senior government official said Friday. Lee Ho-seung, the first vice minister of economy and finance, made the forecast in a regular ... Read More

[News Analysis] High inheritance tax fuels chaebol monopoly

Following the death of Hanjin Group Chairman Cho Yang-ho last week, the inheritance tax his bereaved family will have to pay is in the spotlight, with estimates suggesting as much as 200 billion won ($175 million). According to analysts, the ... Read More

AWS aims to expand cloud business into financial sector in Korea

Amazon Web Services on Wednesday pledged to enhance cooperation with its South Korean partners with a focus on the finance industry. With the South Korean government easing regulations on cloud computing businesses in the financial sector this year, AWS said ... Read More

Korea’s biohealth exports grow 13% on-year

The South Korean biohealth industry’s monthly exports surpassed $800 million in March, a 13 percent growth from a year earlier, mainly due to increased shipments to the US and China. Trade Ministry data released Tuesday revealed that Korea exported $111.7 ... Read More

[News Focus] New Trade Minister seeks breakthrough in FTA talks

SEJONG -- South Korea is in negotiations for four different free trade agreements involving 19 countries. The four are talks on a joint agreement with China and Japan (2 countries); with China, Japan, India, Australia, New Zealand and the 10-member ... Read More

Korea to globally standardize 15 hydrogen technologies by 2030

Despite a strong state drive, South Korea does not have any hydrogen technology standardized for global use so far, the government said Wednesday, vowing to make 15 locally developed technologies globally standardized by 2030. According to the Korean Agency for ... Read More