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[News Focus] Korea, 34th of 37 OECD members in labor participation

SEJONG -- South Korea’s labor force participation rate was the 34th-highest among the 37 members of the Organization for Economic Cooperation and Development as of 2019. In the Paris-based organization’s comparison of labor participation rates for those aged 25-64, Korea ... Read More

S. Korean shipyards outpace Chinese rivals for 5th month in terms of orders

South Korean shipbuilders outpaced their Chinese rivals in terms of new orders for the fifth consecutive month in November, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, South Korean shipyards won new ... Read More

China exports surge by forecast-beating 21.1% in November

China's exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus. The ... Read More

Exports fall 5.8% in first 20 days of October

SEJONG -- South Korea's exports fell 5.8 percent on-year in the first 20 days of October amid the fallout from the new coronavirus outbreak, customs data showed Wednesday. The nation's outbound shipments stood at $25.2 billion in the Oct. 1-20 ... Read More

S. Korea to lift export ban on mask filters

South Korea said Tuesday it will lift the export ban on nonwoven fabrics this week that are used to produce protective masks as the domestic supply of the materials and masks stabilized. Under the decision, the country will lift the ... Read More

Retail giants’ sales dip over 2tr won this year amid pandemic: poll

Combined sales by South Korea's retail giants are estimated to have declined more than 2 trillion won ($1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry ... Read More

Economic recovery shows signs of delay over virus resurgence: korea finance ministry

SEJONG -- Economic recovery has shown signs of delay due to a resurgence in new coronavirus infections in mid-August, but the pace of decline in exports eased, the finance ministry said Friday. In a monthly economic report, called the "Green ... Read More

Virus-hit S. Korean exporters pining hopes on ASEAN, China: poll

Nearly half of South Korean exporting companies expect Southeast Asian and Chinese markets to spearhead a recovery in their exports down the road, a poll showed Thursday. According to the survey of 1,051 local exporters, 25.2 percent of the respondents ... Read More