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US formally exempts S. Korea from steel tariffs

WASHINGTON -- The United States on Monday formally exempted South Korea from steep tariffs on steel imports, saying the move was in line with national security interests. US President Donald Trump earlier announced a 25 percent tariff on steel imports ... Read More

Goldman Sachs: Inter-Korean Summit to Have Modestly Positive Impact on Market

U.S. investment bank Goldman Sachs says the peaceful mood on the Korean Peninsula that will be further boosted by the inter-Korean summit will have a positive impact on the South Korean stock market. Goldman Sachs made the assessment in a report ... Read More

Exports of S. Korean Automobiles Fall for 2nd Quarter in Row

South Korea’s auto exports have decreased for the second quarter in a row. According to the Korea Customs Service(KCS) on Thursday, the nation's auto exports recorded nine-point-one billion U.S. dollars in the January-March period, down three-point-seven percent from the same ... Read More

Korea’s consumer sentiment drops to 1-yr low in April

South Korea's consumer confidence dropped for five months in a row to hit a one-year low in April due mainly to a possible US-China trade row and a strengthening local currency, a central bank poll showed Wednesday. The composite consumer ... Read More

Korean washer exports to US almost halved after safeguard action: KITA

South Korean washer exports to the United States plunged 45.4 percent on-year as safeguard measures took effect, an international traders organization here said Sunday. The data released by the Korea International Trade Association  showed outbound shipments standing at around $30 ... Read More

S. Korea expects slower export growth in April

South Korea will take proactive measures to boost exports to maintain growth momentum despite rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said Friday. The Ministry of Trade, Industry and Energy expected ... Read More

Korea, China to resume consultations on fisheries cooperation amid recovering ties

South Korea and China will hold a meeting on fisheries cooperation next week, resuming the regular consultations that have been suspended for nearly two years over the neighbors' diplomatic feud, sources said Tuesday. The two countries are currently discussing details ... Read More

IMF Maintains S. Korea’s Growth Outlook at 3% for This Year

The International Monetary Fund(IMF) has maintained its growth forecast for South Korea at three percent for this year and two-point-nine percent for next year. The IMF released the estimates in its World Economic Outlook report on Tuesday, unchanged from its ... Read More

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