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S. Korea’s industrial output rises 0.8% on-month in January

South Korea's industrial output edged up 0.8 percent in January from a month earlier due in part to increased production of cars and the service sector, government data showed Thursday. The data compiled by Statistics Korea showed the output of ... Read More

S. Korea-India economic ties need more heft

It is now nine years since the South Korea-India Comprehensive Economic Partnership Agreement -- a de facto free trade agreement -- went into effect. However, while much progress has been made, there is still a long way to go for ... Read More

Seniors in bottom 20% income group to get more basic pension from April

Senior citizens with 50,000 won ($44.70) or less in monthly income will be eligible for increased basic pension from April, the welfare ministry said Wednesday. People aged 65 or older whose monthly earnings are in the lowest 20 percent range ... Read More

[News Focus] Busan, North Jeolla in tug-of-war over financial hub title

With the next parliamentary election slated for April next year, some opposition lawmakers have recently rekindled long-stalled talks on relocating the nation’s key policy financing institutions -- the Bank of Korea and the three state-run banks -- to their respective ... Read More

S. Korea to offer incentives to firms over job creation

South Korea on Thursday unveiled a wide range of incentives for companies if they create jobs in deals with municipal governments and other relevant parties. The incentives include an investment subsidy and tax cuts, as well as discounts in rental ... Read More

Korea’s income gap hits record high in Q4

South Korea's household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday, prompting officials to step up efforts to carry out a series of measures to support low-income people. An average household earned ... Read More

Korea’s coffee imports fall in 2018 for 1st time in 6 years

South Korea's imports of coffee declined last year for the first time since 2012, suggesting that the boom of coffee shops might have peaked, data showed Sunday. Imports of coffee fell to 143,000 tons in 2018, down 2,600 tons from ... Read More

Concerns over Setback in U.S.-China Trade Negotiations

It appears that trade negotiations between the U.S. and China have faced a setback. It had been speculated that U.S. President Donald Trump might hold a summit with his Chinese counterpart Xi Jinping after his second summit with North Korean ... Read More