News
Revised FTA to curb overuse of legal dispute by foreign investors
Korea’s revised free trade deal with the US unveiled by the government late Monday included the revision of investor-state dispute settlement, in a move to curb the excessive use of lawsuits by foreign investors against the government. This may prevent ... Read More
Indonesian president due in Seoul next week for summit with Moon
Indonesian President Joko Widodo will visit South Korea next week for a summit with President Moon Jae-in, which will focus on ways to enhance the countries' bilateral cooperation, Moon's presidential office Cheong Wa Dae said Monday. The Indonesian leader will ... Read More
Posco to build 125 houses, public facilities in Indonesia
South Korea’s largest steelmaker Posco will build and repair 125 housing units and public facilities for the next three years in Indonesia as part of its steel village project, the company said Thursday. A total of 150 volunteers consisting of ... Read MoreBOK freezes key rate at 1.5% for Aug.
South Korea's central bank on Friday froze its policy rate for August on sluggish economy data and low inflation pressure. The monetary policy board of the Bank of Korea voted to keep the policy rate unchanged at 1.5 percent as ... Read More
Homeplus opens big-box and retail hybrid stores
Major South Korean discount chain Homeplus has been speeding up its move to open more big-box and retail hybrid stores here, to strengthen its sales and enhance competitiveness. Homeplus said Tuesday that it has seen outstanding sales growth from its ... Read More
Trade minister to attend ASEAN meeting for economic partnership
South Korea’s trade minister will be attending key economic meetings with his counterparts in Southeast Asian countries this week as part of the government’s ongoing efforts to strengthen economic ties with the emerging region, his office said Tuesday. Minister Kim ... Read More
Govt. vows W12tr investment into SOC, prioritizes job creation
Deputy Prime Minister and Finance Minister Kim Dong-yeon said Monday that the government will increase next year’s social overhead capital budget by 50 percent, dedicating all efforts to creating jobs in local economies and for the middle-aged population. The top ... Read More