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Govt. announces measures to foster kimchi industry

South Korea's agricultural ministry on Wednesday announced a set of measures to promote the country's kimchi industry, which has been facing challenges from increasing production in China. Kimchi is a traditional Korean side dish, normally made of fermented cabbage, salt ... Read More

S. Korean economy grows 2.7% in 2018: BOK

The South Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by the central bank showed Tuesday. The revised ... Read More

S. Korean consumer prices rise 0.5% on-year in February

South Korea's consumer prices gained 0.5 percent in February from a year earlier on a rise in prices for utility and service charges, government data showed Tuesday. The reading marks the lowest since August 2016, when the comparable figure was ... Read More

S. Korea’s industrial output rises 0.8% on-month in January

South Korea's industrial output edged up 0.8 percent in January from a month earlier due in part to increased production of cars and the service sector, government data showed Thursday. The data compiled by Statistics Korea showed the output of ... Read More

S. Korea-India economic ties need more heft

It is now nine years since the South Korea-India Comprehensive Economic Partnership Agreement -- a de facto free trade agreement -- went into effect. However, while much progress has been made, there is still a long way to go for ... Read More

Seniors in bottom 20% income group to get more basic pension from April

Senior citizens with 50,000 won ($44.70) or less in monthly income will be eligible for increased basic pension from April, the welfare ministry said Wednesday. People aged 65 or older whose monthly earnings are in the lowest 20 percent range ... Read More

[News Focus] Busan, North Jeolla in tug-of-war over financial hub title

With the next parliamentary election slated for April next year, some opposition lawmakers have recently rekindled long-stalled talks on relocating the nation’s key policy financing institutions -- the Bank of Korea and the three state-run banks -- to their respective ... Read More

S. Korea to offer incentives to firms over job creation

South Korea on Thursday unveiled a wide range of incentives for companies if they create jobs in deals with municipal governments and other relevant parties. The incentives include an investment subsidy and tax cuts, as well as discounts in rental ... Read More



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