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S. Korean manufacturing stays below par amid virus impact: IHS Markit

South Korea's manufacturing activity gathered ground for the fourth straight month in September but remained below par amid the economic fallout from the coronavirus pandemic, a global market researcher said Monday. The purchasing managers' index (PMI) of the country's manufacturing ... Read More

S. Korea’s consumer sentiment sees sharp drop in Sept. amid stricter social distancing rules

South Korea’s composite consumer index shed the most points in six months in September, feeling the impact of stricter social distancing rules following the COVID-19 resurgence, central bank data showed Friday. The index dropped 8.8 points on-month to 79.4 in ... Read More

S. Korea’s industrial output falls 0.9% in August

South Korea's industrial output fell in August for the first time in three months, but consumption increased amid the coronavirus pandemic, data showed Tuesday. The nation's overall industrial production declined 0.9 percent on-month in August, following a 0.1 percent on-month ... Read More

Q3 economic growth tipped to rebound: minister

The South Korean economy is expected to rebound in the third quarter from a trough three months earlier, but the pace of recovery may be sharply curbed by a flare-up in virus cases, the finance minister said Monday. Finance Minister ... Read More

S. Korea’s trade terms rise for 5th straight month in Aug.

South Korea's terms of trade rose for the fifth straight month in August, as import prices fell at a faster pace than export prices, central bank data showed Friday. The country's net terms-of-trade index for goods -- a gauge of ... Read More

S. Koreans’ nonessential spending plummets amid coronavirus

South Korean consumers purchased far fewer nonessential items in the first quarter than normal due to economic uncertainty sparked by the coronavirus pandemic, data showed Sunday. The combined essential spending came to 84.81 trillion won ($71 billion) in the January-March ... Read More

Uniqlo to close 9 outlets in S. Korea amid trade dispute-caused boycott

Japanese fashion retailer Uniqlo said Friday it will close nine of its stores in South Korea next month amid a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. The closure ... Read More

Korea’s consumer sentiment soars to 5-month high in July

South Korea's consumer sentiment continued to improve this month from a month earlier, reaching the second-highest point since the country reported its first confirmed case of the new coronavirus six months earlier, central bank data showed Wednesday. The country's composite ... Read More