News
Rival parties stand apart over government’s drive for ‘income-led growth’
Opposition parties have ratcheted up their criticism against the government's drive for "income-driven growth" following their crushing defeat in the recent local elections, calling for an outright review on the policy. The ruling Democratic Party is defending the economic policy, ... Read More
Emerging trade war weighs on Korea’s exports
An emerging trade war between the US and China is weighing on Korea’s exports, which have been losing traction this year. A 25 percent US tariff on $34 billion worth of Chinese goods is set to take effect from July ... Read More
Gov’t to Begin Domestic Procedures for FTA Talks with Russia
The Ministry of Trade, Industry and Energy said it has agreed with Russia to immediately begin domestic procedures to launch bilateral free trade negotiations in service and investment sectors. The ministry said it signed a joint declaration with the Russian ... Read More
US-China trade dispute will have limited impact on Korea: study
The escalating trade dispute between the United States and China is expected to affect South Korea's exports to the world's two largest economies, but only to a limited extent, a study showed Thursday. The US has threatened to impose a ... Read More
S. Korea’s macroeconomic policy had effect on growth: OECD report
South Korea’s notable economic advancement over recent years was largely attributable to its conglomerate-led and export-oriented growth model, backed by sound fiscal and monetary policies and intense investment into physical and human capital, according to an international report. Asia’s fourth-largest ... Read More
Meriahnya acara Open House di KBRI Seoul
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Korea needs a boost to domestic demand
With the prospects for Korea’s exports in the coming years dimming, there is increased pressure to expand domestic demand, particularly by promoting service industries through drastic deregulation. A downturn in exports, which have shored up Asia’s fourth-largest economy in recent ... Read More