News
Seoul, Beijing, Tokyo oppose trade protectionism, hail inter-Korean summit
Finance chiefs from South Korea, China and Japan on Friday warned against growing protectionism trends and stressed the importance of promoting an open and rule-based trade framework. "We stressed the importance of resisting all forms of protectionism, ensuring an open ... Read More
US to levy antidumping duties on S. Korean carbon, alloy steel wire rod
WASHINGTON -- The United States will levy antidumping duties on imports of South Korean carbon and alloy steel wire rod due to their harmful effect on the domestic industry, a US trade panel said Tuesday. The US International Trade Commission ... Read More
Korea’s trade dependence increases for first time in 6 years
South Korea’s reliance on trade climbed in 2017 for the first time in six years, data from the Bank of Korea showed Wednesday. The share of the country‘s trade to its gross national income came to 84 percent last year, ... Read More
US formally exempts S. Korea from steel tariffs
WASHINGTON -- The United States on Monday formally exempted South Korea from steep tariffs on steel imports, saying the move was in line with national security interests. US President Donald Trump earlier announced a 25 percent tariff on steel imports ... Read More
Goldman Sachs: Inter-Korean Summit to Have Modestly Positive Impact on Market
U.S. investment bank Goldman Sachs says the peaceful mood on the Korean Peninsula that will be further boosted by the inter-Korean summit will have a positive impact on the South Korean stock market. Goldman Sachs made the assessment in a report ... Read More
Exports of S. Korean Automobiles Fall for 2nd Quarter in Row
South Korea’s auto exports have decreased for the second quarter in a row. According to the Korea Customs Service(KCS) on Thursday, the nation's auto exports recorded nine-point-one billion U.S. dollars in the January-March period, down three-point-seven percent from the same ... Read More
Korea’s consumer sentiment drops to 1-yr low in April
South Korea's consumer confidence dropped for five months in a row to hit a one-year low in April due mainly to a possible US-China trade row and a strengthening local currency, a central bank poll showed Wednesday. The composite consumer ... Read More