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Vietnam to be Korea’s No. 2 export market in 2020: report

Vietnam is expected to outstrip the United States as Korea's second-largest export destination in 2020 thanks to a bilateral free trade deal, a report said Tuesday. "Bilateral trade is expected to exceed $100 billion in 2020, making Vietnam the No. ... Read More

100 Bln Won Taxes Slapped on Samsung Chief, Conglomerate Heads

The National Tax Service(NTS) has imposed taxes of about 100 billion won on Samsung Group Chairman Lee Kun-hee and other conglomerate chiefs who have maintained borrowed-name accounts. According to the NTS and the financial industry on Monday, the tax service ... Read More

S. Korea-US FTA Talks to Continue into Next Week

Anchor: South Korean and U.S. trade officials wrapped up a second day of talks Friday in Washington in the third round of negotiations to revise the allies’ bilateral free trade agreement. With the talks originally planned for two days making ... Read More

ITPC Busan menghadiri penyambutan Ibu DCM dan Pejabat Baru KBRI Seoul

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Finance Minister South Korea Vows Best Efforts to Tackle Steel Import Tariffs

Deputy Prime Minister and Finance Minister Kim Dong-yeon says the government will exert all-out efforts to resolve key trade issues with the U.S. Appearing on a radio program on Friday, Kim said the government will first do its best to ... Read More

Strategic approach needed to cope with US protectionism

Calls are rising for President Moon Jae-in’s administration to be more strategic and flexible in coping with mounting US trade protectionism, which is casting a broadening shadow on Korea’s exports. Moon instructed his aides last month to confidently and resolutely ... Read More

S. Korea to maintain 3% growth for 2018-2019: OECD

Amid a global economic recovery boosted by extended investment and trade, South Korea is expected to maintain its 3 percent growth momentum throughout year 2018 and 2019, according to the Organization for Economic Cooperation and Development. In its interim economic ... Read More

Seoul vows to deter steel tariffs at all costs

South Korea’s top policymakers are taking all efforts this week to lift the US President Donald Trump administration’s incoming tariff on steel imports, which is slated to take effect on March 23 and consequently deliver a heavy blow to local ... Read More

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