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With SKT’s pricing plan release, Korea’s 5G preparations complete

With South Korea’s biggest telecommunications firm SK Telecom unveiling its own pricing plan for 5G services Wednesday, all the mobile carriers have wrapped up preparations for their commercial rollout Friday. During a meeting with reporters in Seoul, SKT became the ... Read More

[Non-memory Korea: 1] Korea’s desperate new mission: Non-memory chip success

After a couple of record-breaking years for the semiconductor sector, pessimistic forecasts have quickly dampened the mood, as memory chips enter a downward cycle, leading South Korea to shift its focus to alternative exports. With Korea’s rickety lead in the ... Read More

S. Korea sees sharper drop in exports than OECD peers

South Korea has seen its exports decline at a steeper rate than other Organization for Economic Cooperation and Development member states, reflecting the contraction in outbound shipments of semiconductors, ships and petrochemical products, data showed Sunday. According to data from ... Read More

[News Focus] Will taxpayer-money be boon to Moon’s approval ratings?

SEJONG -- The chances are high that the Ministry of Economy and Finance will eventually propose a motion on a supplementary budget to the National Assembly in the coming weeks, according to recent remarks from ruling party lawmakers and Cheong ... Read More

Lotte Duty makes inroads into Australia, NZ

The duty-free arm of retail giant Lotte has opened new branches in Australia and New Zealand after acquiring five units from Australian duty-free operator JR Duty Free in August last year, the company said Monday. By opening four branches in ... Read More

S. Korea’s export prices showed upturn in February

South Korea’s export prices increased for the first time in four months in February on higher prices of petroleum products, central bank data showed Friday. The export price index stood at 82.97 last month, up 0.2 percent from the previous ... Read More

Construction projects worth W12.6tr to break ground this year: govt

South Korea’s government will expand support for private investors so that ongoing infrastructure projects worth 12.6 trillion won ($11.1 billion) can break ground within the year, according to the Ministry of Economy and Finance on Wednesday. The 13 projects, most ... Read More

[Advertorial] Eximbank hosts meeting of inter-Korean advisory committee

The Export-Import Bank of Korea held a meeting of its advisory committee on inter-Korean exchanges on Wednesday, the agency said, to discuss the outcome of the recent US-North Korea summit in Hanoi. A panel of eight experts gathered to discuss ... Read More