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Korea ICT exports rise for 24th straight month in Oct

South Korean exports of information and communication technology posted growth for the 24th month in a row in October on the back of brisk overseas sales of semiconductors, government data showed Wednesday. A total of $20.21 billion worth of ICT ... Read More

KEPCO Q3 net tumbles on increased fuel costs

The state-run Korea Electric Power Corp. said Tuesday its net profit plunged in the third quarter compared with a year ago due to higher fuel costs. Net profits stood at 737.29 billion won ($650.4 million) on a consolidated basis in ... Read More

S. Korea’s corporate earnings steady despite slowing economy: Moody’s

South Korea’s economic growth will slow down in the upcoming years, weighed down by the global slowdown amid weak demand and ongoing trade conflicts, according to Moody’s Investors Service on Tuesday. Despite the downward pressure, most local nonfinancial companies here ... Read More

LG Corp. makes list of top 20 social value firms worldwide

LG Corp., the holding firm of South Korea's No. 4 conglomerate LG Group, has made the list of the top 20 socially valuable companies in the world, industry sources said Tuesday. LG earned 79 points out of the full 100 ... Read More

[News Analysis] Severe headwinds greet Moon’s economic policymakers

South Korea’s newly appointed economic policymakers -- in contrast to their predecessors who took office with high hopes upon the inauguration of the Moon Jae-in administration -- appear to be off to a rocky start, amid escalating concerns and disapproval ... Read More

Regulator calls for thorough measures amid US-China trade disputes

South Korea has been hit hard by trade frictions between the United States and China, Seoul's financial regulator said Monday, calling for efforts to revamp export industries and nurture new growth engines. Kim Yong-beom, vice chairman of the Financial Services ... Read More

Industry minister vows to cut red tape to stimulate manufacturing

South Korea's industry minister vowed to cut red tape to ease the excessive burden felt by businesses and expand support for the slumping manufacturing industry. Sung Yun-mo, minister of trade, industry and energy, renewed his pledge for deregulation in a ... Read More

Korea’s exports fall in first 10 days of Nov

South Korea's exports fell by 4.8 percent in the first 10 days of this month from a year earlier due largely to a decline in shipments of chips and fewer working days, customs data showed Monday. The country's outbound shipments ... Read More