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S. Korea to impose heavier taxes on multiple home owners

The government on Friday unveiled a set of new real estate regulations centered on raising taxes on owners of multiple homes, as part of a move to rein in soaring housing prices. According to the latest version, marking the 22nd ... Read More

Korea’s consumption slowdown decelerates, but exports keep sliding: KDI

South Korea’s consumption has recovered slightly on the back of the government’s emergency cash handout, but its economic activity and exports remain sluggish, still weighed down by risks stemming from the coronavirus pandemic, a state-run think tank said Wednesday. “The ... Read More

[Monitor] S. Korea selects 7 new regulation-free zones

The Ministry of SMEs and Startups has selected seven zones across the country to benefit from the government’s exemptions from regulations to create more jobs and attract more investments. This is the third installment of the designation for the ministry’s ... Read More

S. Korea to push for conclusion of Asia-Pacific trade deal this year

South Korea said Wednesday it will push for the conclusion of a mega Asia-Pacific trade deal this year to help boost ailing exports and cope with the growing protectionism around the globe in the face of the new coronavirus pandemic. ... Read More

Value of Japan’s exports to S. Korea hits 11-year low in May

The value of Japan's exports to South Korea sank to a near 11-year low in May due to the coronavirus pandemic and Tokyo's export controls, data showed Wednesday. Japan shipped 329.3 billion yen ($3 billion) worth of goods to its ... Read More

Korea’s energy demand predicted to dip 1.4% this year

South Korea's energy demand is expected to drop for a second year in 2020 due to the fallout from the coronavirus outbreak, a report said Wednesday. The country's annual energy consumption is likely to contract 1.4 percent on-year this year, ... Read More

S. Korea loses footholds in Chinese market amid tightened competition: KIEP

South Korea accounted for the biggest share of imports to China in 2019, but its slice has been shrinking in recent years due to intensifying competition with other Asian players, a think tank said Tuesday. While South Korea accounted for ... Read More

S. Korea’s exports decline for 4 straight months amid pandemic, but pace slows as economies reopen

South Korea's exports fell 10.9 percent in June marking the fourth consecutive month of decline amid the fallout from the new coronavirus pandemic, data showed Wednesday, although the pace slowed as major economies around the globe slowly began to resume ... Read More