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[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

With SKT’s pricing plan release, Korea’s 5G preparations complete

With South Korea’s biggest telecommunications firm SK Telecom unveiling its own pricing plan for 5G services Wednesday, all the mobile carriers have wrapped up preparations for their commercial rollout Friday. During a meeting with reporters in Seoul, SKT became the ... Read More

[Non-memory Korea: 1] Korea’s desperate new mission: Non-memory chip success

After a couple of record-breaking years for the semiconductor sector, pessimistic forecasts have quickly dampened the mood, as memory chips enter a downward cycle, leading South Korea to shift its focus to alternative exports. With Korea’s rickety lead in the ... Read More

S. Korea sees sharper drop in exports than OECD peers

South Korea has seen its exports decline at a steeper rate than other Organization for Economic Cooperation and Development member states, reflecting the contraction in outbound shipments of semiconductors, ships and petrochemical products, data showed Sunday. According to data from ... Read More

[News Focus] Will taxpayer-money be boon to Moon’s approval ratings?

SEJONG -- The chances are high that the Ministry of Economy and Finance will eventually propose a motion on a supplementary budget to the National Assembly in the coming weeks, according to recent remarks from ruling party lawmakers and Cheong ... Read More

Lotte Duty makes inroads into Australia, NZ

The duty-free arm of retail giant Lotte has opened new branches in Australia and New Zealand after acquiring five units from Australian duty-free operator JR Duty Free in August last year, the company said Monday. By opening four branches in ... Read More

S. Korea’s export prices showed upturn in February

South Korea’s export prices increased for the first time in four months in February on higher prices of petroleum products, central bank data showed Friday. The export price index stood at 82.97 last month, up 0.2 percent from the previous ... Read More