News
Economic growth to slow to 2.9% in 2018: KDI
The South Korean economy is expected to grow 2.9 percent next year, slowing down from this year's estimate of a 3.1 percent expansion, as export growth and domestic consumption recovers, while facility investment declines. "Our economy's export growth will be ... Read More
Korea’s agricultural exports to China rebound amid THAAD row thaw
South Korea’s exports of agricultural products to China showed signs of rebounding last month, following the announcement that South Korea and China had decided to begin normalizing bilateral relations in October. According to the Korea Agro-Fisheries & Food Trade on ... Read More
S. Korea’s Trade Surplus with US Likely to Post Below $20 Bln This Year
South Korea's trade surplus with the U.S. is unlikely to reach 20 billion U.S. dollars for the first time in five years this year, amid U.S. calls for addressing bilateral trade imbalances. According to the Ministry of Trade, Industry and ... Read More
Economic recovery pace slows down: KDI
South Korea's export-led economic recovery is showing signs of slowing down as the growth of outbound shipments decelerates, although consumer sentiment is continuing its upward trend, a state-run think tank said Wednesday. "October posted a sharp contraction in production indicators, ... Read More
S. Korea to Submit Plan on KORUS FTA Talks to Parliament
The South Korean government will complete domestic procedures needed to initiate a renegotiation of its free trade agreement(FTA) with the U.S. by December 18th. The parliamentary committee on trade and industry said on Tuesday that the Ministry of Trade, Industry ... Read More
South Korea‘s industrial output dips
South Korea’s industrial output dropped in October from the previous month, ending three consecutive months of a rise mainly due to a slump in the auto industry, data by Statistics Korea showed Thursday. Compared to the previous year, industrial output ... Read More
Korea to hold 2nd public hearing on KORUS FTA
South Korea will hold a second public hearing on the free trade agreement with the United States, the trade ministry said Thursday, after the first gathering was disrupted by angry farmers and livestock breeders. The Ministry of Trade, Industry and ... Read More