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[Monitor] Fewer South Korean companies make it into ‘1 trillion won club’

While the number of South Korean companies with at least 1 trillion won in annual revenue has increased 2.5-fold in the 20 years since the financial crisis, the number has decreased in recent years, a report by local market research ... Read More

Korea’s economy showing signs of gradual slowdown: KDI

South Korea's economy is showing signs of a gradual slowdown with export growth cooling amid sluggish private consumption, a state-run think tank said Monday. "The growth pace of exports slowed and domestic demand remained weak, implying that overall economic activity ... Read More

[News Focus] Korea expanding cooperation with Latin America on cruise-logistics ports

SEJONG - South Korea is expanding its economic partnership with South and Central American countries, which involves co-development projects on maritime affairs in the logistics and tourism segment. Earlier this year Korea signed a free trade agreement with five Central ... Read More

Despite 6-year low growth, Korea’s GNI to surpass US$30,000

South Korea's per capita income is likely to surpass US$30,000 this year, though the economy is forecast to record its lowest growth rate in six years, observers said Sunday. Gross national income is expected to reach $31,243 in 2018, up ... Read More

Korea’s exports expected to surpass $600b this year

South Korea's exports are expected to exceed $600 billion for the first time this year on upbeat sales of memory chips, machinery and petrochemical products, the trade ministry said Friday. Outbound shipments were expected to reach the benchmark on Dec. ... Read More

Major foreign IBs cut S. Korea’s growth outlook

Major foreign investment banks revised down their forecasts for South Korea’s economic growth for this year and 2019, citing unfavorable conditions both at home and abroad, a report showed Thursday. According to the report by the Korea Center for International ... Read More

S. Korea logs current account surplus for 80th straight month

South Korea recorded a current account surplus in October for the 80th straight month on the back of solid goods exports, central bank data showed Thursday. The country’s current account surplus stood at $9.19 billion as of end-October, up sharply ... Read More

Korea’s economic growth forecast to slow to 2.6% in 2019

South Korea's economy is expected to lose steam slightly in 2019 from this year due to weakening exports and sluggish investment, a local think tank said Thursday. In its 2019 economic outlook, the Korea Capital Market Institute forecast South Korea's ... Read More

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