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Korea to benefit from opening of China’s service market: experts

South Korea is expected to benefit from China's rapidly growing service industry if the two countries agree to upgrade their bilateral free trade agreement to include the service and investment sectors, experts said Friday. South Korea and China implemented the ... Read More

Trade Ministry Expects 2017 Exports to Surpass Target

Indonesia's Trade Ministry estimated the value of the country's exports to have grown 17.2 percent to $170.3 billion in 2017, surpassing its own target of $138.74 billion amid a gradual recovery in global commodity prices. Last year's export prediction was ... Read More

Korea targets 4% growth in exports 2018

Trade officials here expect Korea’s exports will grow 4 percent on-year in 2018. The target is modest compared to last year’s 15.8 percent growth but will still be challenging, as worsening conditions, including the strengthening of the won, are weighing ... Read More

1st Round of FTA Revision Talks Makes Little Headway

South Korea and the U.S. confirmed their differences in the first round of talks to revise their bilateral free trade agreement(FTA). The session began at 10 a.m. Friday at the office of the U.S. Trade Representative in Washington. The negotiations ... Read More

South Korea’s cigarette imports soar on iQOS popularity

South Korea's tobacco imports rose to the highest level in 15 years this year, led by the popularity of heat-not-burn electronic cigarettes, government data showed Saturday. South Korea imported $199.96 million worth of cigarettes in the first 11 months of this ... Read More

S. Korea’s Services Account Deficit Continues in November

South Korea's services account posted a deficit of over three billion dollars in November due to a rise in overseas trips and a decrease in Chinese tourists. According to data by the Bank of Korea(BOK) on Friday, the country's services ... Read More

S. Korean Conglomerates Hold Kick-off Ceremonies for New Year

South Korean conglomerates have held New Year ceremonies to launch their business plans for the year. In a meeting on Tuesday, Samsung Electronics president Kim Ki-nam urged the company’s executives and employees to build on the successes of last year ... Read More

Korea expects 4% growth in exports for 2018: minister

South Korea expects to see its exports grow 4 percent this year, slowing down from a double-digit expansion in 2017, amid a strengthening local currency and potential geopolitical risks, the industry minister said Monday. "The government will do its best ... Read More

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