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
South Korea’s government will expand support for private investors so that ongoing infrastructure projects worth 12.6 trillion won ($11.1 billion) can break ground within the year, according to the Ministry of Economy and Finance on Wednesday. The 13 projects, most ... Read More
The Export-Import Bank of Korea held a meeting of its advisory committee on inter-Korean exchanges on Wednesday, the agency said, to discuss the outcome of the recent US-North Korea summit in Hanoi. A panel of eight experts gathered to discuss ... Read More
The European Union confirmed its decision to exclude South Korea from its tax haven blacklist, acknowledging the country’s efforts throughout last year to improve transparency in foreign investment, Seoul’s Ministry of Economy and Finance said Tuesday. The Economic and Financial ... Read More
The South Korean economy should be able to grow 2.6-2.7 percent this year if the government maintains expansionary fiscal policies, the International Monetary Fund said Tuesday. "The government's growth target of 2.6-2.7 pct is feasible this year, provided that there ... Read More
South Korea's trade surplus with the United States fell sharply to below the $20 billion mark last year for the first time in six years, U.S. data showed Saturday. The world's largest economy posted a deficit of $17.9 billion in ... Read More
South Korea’s biggest telecom firm SK Telecom is seeking to partner with Singapore’s Singtel to invest in each other’s over-the-top streaming platforms amid growing challenges from global tech giants, according to a local media report Sunday. Citing a senior official ... Read More
Following the failure to reach an agreement at last month’s summit between the US President Donald Trump and North Korean leader Kim Jong-un in Hanoi, tension has been building between the two sides, threatening the negotiations that they have built ... Read More