News
Economic recovery momentum slackens amid flare-up in COVID-19 cases: KDI
South Korea's economic recovery momentum is slowing down as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday. The country's manufacturing sector sustained a recovery due mainly to robust exports, ... Read More
S. Korea’s FTA networks set to further expand in 2021
South Korea's free trade deals may further increase this year in line with its efforts to revitalize its ailing pandemic-hit exports and cope with the growing protectionism around the globe, a trade promotion agency said Monday. South Korea and Britain ... Read More
S. Korea’s wine imports hit new high in 2020 amid coronavirus outbreak
South Korea's wine imports soared to a record high in 2020 as more people enjoyed drinking and partied at home due to the coronavirus outbreak, government data showed Monday. South Korea imported $239 million worth of wines in the January-November ... Read More
Auto exports dip 10% in Nov. amid virus jitters
South Korea's auto exports dropped 10.2 percent on-year in November, falling at a faster pace compared with the previous month, amid the global resurgence of new coronavirus cases. Local carmakers shipped a combined 190,657 units of automobiles overseas last month, ... Read MoreS. Korea’s exports spike 27% in first 10 days of Dec.
South Korea's exports rose 26.9 percent on-year in the first 10 days of December on the back of robust shipments of chips and autos amid the new coronavirus outbreak, customs data showed Friday. The country's outbound shipments stood at $16.3 ... Read More
S. Korea to send chartered flights to Singapore with strawberry shipments
South Korea's agricultural ministry said Thursday it will send chartered flights to Singapore to support exports of strawberries, as local farmers have been facing troubles in shipping their produce amid the new coronavirus pandemic. Under the plan, South Korea plans ... Read More
ADB expects S. Korean economy to retreat less than expected in 2020
The Asian Development Bank (ADB) on Thursday revised up the economic outlook for the South Korean economy this year, citing robust exports of tech products and a mild recovery in private consumption. The ADB expected Asia's fourth-largest economy to retreat ... Read More