News
Local beer makers struggle amid imported beer boom
Cass has long been a household name in Korea -- even to those who do not imbibe. Korea’s No. 1 beer maker Oriental Brewery has been around for over 80 years, but it has only recently been making moves into ... Read More
Korea faces 40 import restrictions from US
South Korea faces far more import restrictions from the United States than any other country in a clear sign of growing American trade pressure on its ally, a trade body said Tuesday. Asia's fourth-largest economy was subject to 196 import ... Read More
Concerns rise over signals of weakening economy
Recent economic indicators point to the weakening vitality of the Korean economy shored up largely by an increase in exports. Business sentiments remain pessimistic as manufacturing and construction sectors are suffering setbacks. Core inflation, which excludes volatile oil and food ... Read More
S. Korea, China agree to boost tourism, economic cooperation
The top economic policymakers of South Korea and China agreed to boost bilateral tourism and economic cooperation, Seoul's finance ministry said Friday, in a sign that Beijing may stop its retaliation against South Korean companies over the stationing of a ... Read More
Inflation weakest in 17 months, Seoul vows actions to keep prices flat
South Korea’s monthly consumer inflation came to 1 percent in January on-year, the slowest gain in 17 months, as the prices of agricultural goods such as vegetables fell, data showed Thursday. Calling such weak inflation “economic stability at target range,” ... Read More
Korea’s exports jump 22.2% in Jan. on memory chips
South Korea's exports soared 22.2 percent in January from a year earlier on brisk sales of memory chips and petrochemical products, government data showed Thursday. Outbound shipments came to $49.21 billion for January, up from $40.25 billion a year earlier, according ... Read More
Korea, US begin 2nd round of FTA talks
South Korea and the United States on Wednesday began their second round of talks to amend their free trade agreement, amid rising trade tensions between the two nations over Washington slapping steep tariffs on washers and solar panels. The two-day ... Read More