News
US rate hike to have limited impact on Korea: finance minister
The latest rate hike by the US Federal Reserve will have a limited impact on South Korea, with authorities here ready to take actions if the need arises, the country's chief economic policymaker said Thursday. As widely expected, the US ... Read More
S. Korea’s economic uncertainty hits highest in 15 months: data
The uncertainty concerning South Korea’s economic growth and economic policies reached the highest level in 15 months, global data showed Sunday. According to the Economic Policy Uncertainty Index, Asia’s fourth-largest economy recorded 155.15 in July, the highest since 165.4 in ... Read More
Economists warn of increasing downside risks facing Korea’s exports
A protracted slump in South Korea’s exports might set in next year and jolt the country’s economy, which has relied on outbound shipments for growth amid sluggish domestic demand, economists say. Reports released last week by the Ministry of Economy ... Read More
Some big biz still asking SMEs to provide know-how ahead of contracts: report
Some South Korean big businesses are still asking smaller partners wanting to secure deals to submit technical know-how before the signing of a contract, a report by a local trade federation said Sunday. According to the Korea Federation of Small ... Read More
GS Retail unveils ‘smart convenience store’
GS Retail Co., a major South Korean retailer, said it opened a "smart convenience store" using a face recognition system and other technologies Monday amid local retail firms' race to automation. The company launched its convenience store chain GS25 outlet ... Read More
LG Chem takes over US-based automotive adhesive maker Uniseal
LG Chem, a leading South Korean battery and chemical company, announced Wednesday that it acquired an American automotive adhesive maker as part of efforts to enhance the portfolio of its automotive material business. The Korean firm purchased a 100 percent ... Read More
President Jokowi, S. Korea`s Moon Jae-in Sign 6 MoU
President Joko `Jokowi` Widodo and South Korean President Moon Jae-in signed six memoranda of understanding at the meeting in Changdeokgung, Seoul on Monday, Sept. 11. “I and the delegates are thankful that we were warmly welcomed,” said Jokowi in a ... Read More