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EU confirms S. Korea’s exclusion from tax haven blacklist

The European Union confirmed its decision to exclude South Korea from its tax haven blacklist, acknowledging the country’s efforts throughout last year to improve transparency in foreign investment, Seoul’s Ministry of Economy and Finance said Tuesday. The Economic and Financial ... Read More

S. Korean economy can meet 2.6-2.7% growth target in 2019: IMF

The South Korean economy should be able to grow 2.6-2.7 percent this year if the government maintains expansionary fiscal policies, the International Monetary Fund said Tuesday. "The government's growth target of 2.6-2.7 pct is feasible this year, provided that there ... Read More

S. Korea’s goods trade surplus with U.S. falls to below $20b mark in 2018

South Korea's trade surplus with the United States fell sharply to below the $20 billion mark last year for the first time in six years, U.S. data showed Saturday. The world's largest economy posted a deficit of $17.9 billion in ... Read More

SK Telecom, Singtel likely to team up for OTT services

South Korea’s biggest telecom firm SK Telecom is seeking to partner with Singapore’s Singtel to invest in each other’s over-the-top streaming platforms amid growing challenges from global tech giants, according to a local media report Sunday. Citing a senior official ... Read More

[Feature] Is Kim Jong-un considering ‘new way’?

Following the failure to reach an agreement at last month’s summit between the US President Donald Trump and North Korean leader Kim Jong-un in Hanoi, tension has been building between the two sides, threatening the negotiations that they have built ... Read More

Govt. announces measures to foster kimchi industry

South Korea's agricultural ministry on Wednesday announced a set of measures to promote the country's kimchi industry, which has been facing challenges from increasing production in China. Kimchi is a traditional Korean side dish, normally made of fermented cabbage, salt ... Read More

S. Korean economy grows 2.7% in 2018: BOK

The South Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by the central bank showed Tuesday. The revised ... Read More

S. Korean consumer prices rise 0.5% on-year in February

South Korea's consumer prices gained 0.5 percent in February from a year earlier on a rise in prices for utility and service charges, government data showed Tuesday. The reading marks the lowest since August 2016, when the comparable figure was ... Read More