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S. Korea’s July consumer sentiment slides at sharpest clip in 20 months
South Korea's consumer confidence plunged at the sharpest rate in 20 monthshowed Wednesday.s in July due largely to signs of an economic slowdown and intensifying trade disputes between the United States and China, central bank data The composite consumer sentiment ... Read More
LG Chem to invest W2.8tr to expand high value production
South Korea’s LG Chem announced Monday it will invest some 2.61 trillion won to expand manufacturing facilities to raise the capacities of the Naphtha Cracking Center and high value metallocene polyolefin by 800,000 tons each at its Yeosu plant in ... Read More
‘Essence of US-China trade war is to open China’s financial market’
SEOGWIPO, Jeju -- The nature of the ongoing trade war between the US and China is in Washington’s ambition to open Beijing’s financial market, a Korean expert on China’s economy said Friday. China’s strengths in the manufacturing sector are too ... Read More
President Moon yet to follow up on pro-business gesture
President Moon Jae-in’s recent outreach to the business community seems to have so far fallen short of gaining full confidence and cooperation from corporate officials. The local corporate circle is cautiously watching whether he will follow through with his encouraging ... Read More
Processed food prices jump on rising costs
Prices of processed foods and eating-out costs in South Korea have been rising sharply this year due to increased labor and raw material expenses, industry sources said Wednesday. The government raised the minimum wage by 16.4 percent to 7,530 won ... Read More
Overseas sales make up nearly 19% of total products sold by Korean companies: data
Overseas sales accounted for nearly a fifth of all products sold by Korean companies and the numbers are expected to continue rising in the future as countries ramp up protectionist policies, market data showed Sunday. Data from the Bank of ... Read More