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Korean consumer prices rise 0.8% on-year in January

South Korea's consumer prices rose 0.8 percent in January from a year earlier as agricultural products stabilized and oil products fell, government data showed Friday. The reading represents a decline from the previous month's 1.3 percent on-year gain, according to ... Read More

Korea’s industrial output dips 0.6% on-month in December

South Korea's industrial output fell 0.6 percent in December from a month earlier due in part to decreased exports of cars and semiconductors, government data showed Thursday. The data compiled by Statistics Korea showed semiconductor output fell 4.5 percent in ... Read More

Korea greenlights fast-track process for W24.1tr worth of state-led projects

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Korea greenlights fast-track process for W24.1tr worth of state-led projects

The South Korean government on Tuesday approved the waiving of preliminary feasibility studies for 23 nonmetropolitan infrastructure projects worth 24.1 trillion won ($21.6 billion), as part of its mid- and long-term blueprint to encourage balanced regional growth. It also unveiled ... Read More

[News Focus] Korea seeks to ease trade dependency on China, US, Japan

SEJONG -- South Korea began to seek free trade deals in 1999, when it started negotiations with Chile, its first partner for a free trade agreement that took effect in April 2004. Over the past 20 years, 15 FTAs between ... Read More

[Monitor] Cigarette sales down due partly to higher prices

Sales of cigarettes in South Korea fell 1.5 percent in 2018 from a year earlier, data from the Ministry of Economy and Finance showed. A total of 3.47 billion packs were purchased last year, down slightly from 3.52 billion packs. ... Read More

Korea’s consumer sentiment rises for second straight month in Jan.

South Korea's consumer sentiment rose for the second month in a row in January as hopes are high for the government's economic stimulus measures for the new year, a central bank poll showed Friday. The composite consumer sentiment index for ... Read More

Govt. to offer financial support for overseas construction, plant orders

The government will provide financial support for overseas construction and plant orders to shore up exports that are showing signs of weakening, Finance Minister Hong Nam-ki said Wednesday. Global trade disputes and China's economic slowdown are casting a shadow on ... Read More