News
Korea’s Q3 growth No. 2 among OECD on back of strong exports
South Korea‘s third quarter economic growth was the second highest among the Organization for Economic Cooperation and Development nations, on the back of strengthening exports, data showed Monday. Korea’s economy grew 1.4 percent from July to September of this year ... Read More
Korea’s export growth rate likely lower than global trade rise
Despite Korea experiencing a boom in exports in the semiconductor industry, overall export growth for Korean goods is expected to fall short of the overall growth rate of worldwide trade due to worsening international competitiveness, according to the Bank of ... Read More
S. Korea’s Exports Grow Fastest among World’s Ten Largest Exporters
South Korea's exports grew fastest among the world's ten largest exporters this year. According to the Trade Ministry's analysis of data from the World Trade Organization on Sunday, the world's exports increased nine-point-two percent on-year in the first nine months ... Read More
Backed by FTA, US beef claims half of import market
For the first time in 14 years, imports of US beef accounts for more than half of South Korea’s imported beef market on the back of the two countries’ free trade agreement, according to data from the Korea International Trade ... Read More
Korea ranks 4th in good business environment
South Korea moved up to fourth place in this year’s business environment survey by the World Bank, mainly due to high scores in legal settlements and electricity supply. The organization’s “Doing Business 2018” report comprising the annual survey showed that ... Read More
US issues anti-dumping duties on Korean tubes
US Department of Commerce said Friday it issued preliminary anti-dumping duties on cold-drawn mechanical tubing from South Korea and five other nations, claiming cheap imports were hurting local companies. In a statement, the US government said its investigation determined that ... Read More
Pohang quake to bolster talks on Moon’s nuke-free vision
The Pohang earthquake on Wednesday that has rekindled national anxiety over the safety of nuclear power plants -- mostly located in the southeastern part of the Korean Peninsula -- is likely to add momentum to the Moon Jae-in government’s nuclear-free ... Read More