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‘Essence of US-China trade war is to open China’s financial market’

SEOGWIPO, Jeju -- The nature of the ongoing trade war between the US and China is in Washington’s ambition to open Beijing’s financial market, a Korean expert on China’s economy said Friday. China’s strengths in the manufacturing sector are too ... Read More

President Moon yet to follow up on pro-business gesture

President Moon Jae-in’s recent outreach to the business community seems to have so far fallen short of gaining full confidence and cooperation from corporate officials. The local corporate circle is cautiously watching whether he will follow through with his encouraging ... Read More

Processed food prices jump on rising costs

Prices of processed foods and eating-out costs in South Korea have been rising sharply this year due to increased labor and raw material expenses, industry sources said Wednesday. The government raised the minimum wage by 16.4 percent to 7,530 won ... Read More

Overseas sales make up nearly 19% of total products sold by Korean companies: data

Overseas sales accounted for nearly a fifth of all products sold by Korean companies and the numbers are expected to continue rising in the future as countries ramp up protectionist policies, market data showed Sunday. Data from the Bank of ... Read More

S. Korean economy vulnerable to China-US trade row: report By Yonhap

The escalating trade war between the US and China may have a severe effect on the South Korean economy, which has an excessively high economic dependence on its Asian neighbor, a report said Sunday. The world's two largest economies have ... Read More

Korean exporters may find new chances in US-China trade war

Korea’s manufacturing exporters need to set their sights on new business opportunities that would stem from an escalating trade war between the US and China, experts here say. Protracted trade friction between the world’s two biggest economies might also give ... Read More

130 Anggota Delegasi Bisnis Dampingi Presiden Moon ke Singapura

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Seoul gets ready for Washington’s hearing on auto tariffs

South Korea's trade ministry is working on finalizing the members of the delegation for Washington's public hearing on auto tariffs slated for later this month, industry sources said Sunday. The Ministry of Trade, Industry and Energy decided to send the ... Read More