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Korea to hold 2nd public hearing on KORUS FTA

South Korea will hold a second public hearing on the free trade agreement with the United States, the trade ministry said Thursday, after the first gathering was disrupted by angry farmers and livestock breeders. The Ministry of Trade, Industry and ... Read More

Korean economy to grow 3% in 2018: think tank

South Korea's economy is forecast to continue to expand 3 percent on-year in 2018 on growing exports, investment and private consumption, a private think tank said Wednesday. Asia's fourth-largest economy is likely to achieve the growth rate in the coming ... Read More

Korea’s Q3 growth No. 2 among OECD on back of strong exports

South Korea‘s third quarter economic growth was the second highest among the Organization for Economic Cooperation and Development nations, on the back of strengthening exports, data showed Monday. Korea’s economy grew 1.4 percent from July to September of this year ... Read More

Korea’s export growth rate likely lower than global trade rise

Despite Korea experiencing a boom in exports in the semiconductor industry, overall export growth for Korean goods is expected to fall short of the overall growth rate of worldwide trade due to worsening international competitiveness, according to the Bank of ... Read More

S. Korea’s Exports Grow Fastest among World’s Ten Largest Exporters

South Korea's exports grew fastest among the world's ten largest exporters this year. According to the Trade Ministry's analysis of data from the World Trade Organization on Sunday, the world's exports increased nine-point-two percent on-year in the first nine months ... Read More

Backed by FTA, US beef claims half of import market

For the first time in 14 years, imports of US beef accounts for more than half of South Korea’s imported beef market on the back of the two countries’ free trade agreement, according to data from the Korea International Trade ... Read More

Korea ranks 4th in good business environment

South Korea moved up to fourth place in this year’s business environment survey by the World Bank, mainly due to high scores in legal settlements and electricity supply. The organization’s “Doing Business 2018” report comprising the annual survey showed that ... Read More

US issues anti-dumping duties on Korean tubes

US Department of Commerce said Friday it issued preliminary anti-dumping duties on cold-drawn mechanical tubing from South Korea and five other nations, claiming cheap imports were hurting local companies. In a statement, the US government said its investigation determined that ... Read More



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