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Korea needs to boost service exports

Korea needs to step up efforts to increase exports in the service sector to offset a possible decline in the outbound shipment of its major manufactured goods, experts here say. Exports have shored up the slowing Korean economy so far ... Read More

Oil funds lose big on plunging crude prices

South Korea's three oil commodity exchange traded funds have chalked up abysmal returns over the past month due to tumbling crude prices, a fund evaluator said Friday. The oil-focused funds, which are pegged to crude prices, posted an average return ... Read More

Retail sales, industrial output face slump in restructuring-hit regions

Retail sales and industrial output in restructuring-hit regions remained in a slump in the third quarter, government data showed Thursday. According to the data compiled by Statistics Korea, retail sales in South Gyeongsang Province, North Jeolla Province and Ulsan declined ... Read More

Korea ICT exports rise for 24th straight month in Oct

South Korean exports of information and communication technology posted growth for the 24th month in a row in October on the back of brisk overseas sales of semiconductors, government data showed Wednesday. A total of $20.21 billion worth of ICT ... Read More

KEPCO Q3 net tumbles on increased fuel costs

The state-run Korea Electric Power Corp. said Tuesday its net profit plunged in the third quarter compared with a year ago due to higher fuel costs. Net profits stood at 737.29 billion won ($650.4 million) on a consolidated basis in ... Read More

S. Korea’s corporate earnings steady despite slowing economy: Moody’s

South Korea’s economic growth will slow down in the upcoming years, weighed down by the global slowdown amid weak demand and ongoing trade conflicts, according to Moody’s Investors Service on Tuesday. Despite the downward pressure, most local nonfinancial companies here ... Read More

LG Corp. makes list of top 20 social value firms worldwide

LG Corp., the holding firm of South Korea's No. 4 conglomerate LG Group, has made the list of the top 20 socially valuable companies in the world, industry sources said Tuesday. LG earned 79 points out of the full 100 ... Read More

[News Analysis] Severe headwinds greet Moon’s economic policymakers

South Korea’s newly appointed economic policymakers -- in contrast to their predecessors who took office with high hopes upon the inauguration of the Moon Jae-in administration -- appear to be off to a rocky start, amid escalating concerns and disapproval ... Read More

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