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S. Korean economy vulnerable to China-US trade row: report By Yonhap

The escalating trade war between the US and China may have a severe effect on the South Korean economy, which has an excessively high economic dependence on its Asian neighbor, a report said Sunday. The world's two largest economies have ... Read More

Korean exporters may find new chances in US-China trade war

Korea’s manufacturing exporters need to set their sights on new business opportunities that would stem from an escalating trade war between the US and China, experts here say. Protracted trade friction between the world’s two biggest economies might also give ... Read More

130 Anggota Delegasi Bisnis Dampingi Presiden Moon ke Singapura

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Seoul gets ready for Washington’s hearing on auto tariffs

South Korea's trade ministry is working on finalizing the members of the delegation for Washington's public hearing on auto tariffs slated for later this month, industry sources said Sunday. The Ministry of Trade, Industry and Energy decided to send the ... Read More

Korea braces for impact from US-China trade war

South Korea is bracing for the impact of the opening blows in the United States’ trade war with China, while playing down the possibilities of immediate setbacks. Starting Friday at 1 p.m. Korean time, the US implemented 25 percent tariffs ... Read More

US import restrictions to dent S. Korean exports

US restrictions on imports of South Korean steel, washing machines and solar cells are expected to cost Asia's fourth-largest economy more than $2.4 billion in lost exports over the coming years, a parliamentary report said Thursday. The Donald Trump administration's ... Read More

S. Korea’s consumer prices up 1.5% in June

South Korea's consumer price growth continued to stay above 1 percent in June on a rise of agricultural goods and the service sector, government data showed Tuesday. The country's consumer price index climbed 1.5 percent last month from a year ... Read More

Weakening won poses new risks to Korean economy

The weakening of the won in recent weeks carries both benefits and risks for the Korean economy that is being held back by a simultaneous downturn in investment, consumption and exports. Policymakers therefore face a thorny task to take proper ... Read More