United States Trade Representative Robert Lighthizer announced on Friday that the special session meeting of the Joint Committee under the Korea-US Free Trade Agreement will be held in Seoul on Aug. 22. According to a USTR press release, the upcoming ... Read More
China has emerged as South Korea's No. 1 trading partner after their diplomatic relations were normalized in 1992 with their bilateral trade volume skyrocketing over 33 times in the past 25 years, industry data showed Friday. The trade volume between ... Read More
South Korea’s gross domestic product ranked 11th in the world in 2016, with its per capita income based on purchasing power remaining unchanged, data from the World Bank showed Wednesday. The country’s global standing remained unchanged from the previous year. ... Read More
A total of 378 imported commercial vehicles, mostly trucks, were sold in South Korea last month, down 11.1 percent from the previous month, industry data showed Thursday. According to the data compiled by the Korea Automobile Importers and Distributors Association, ... Read More
South Korea's auto exports continued to grow for six months in a row in July on rising demand from North America and Europe, government data showed Thursday. The total value of vehicles shipped overseas reached $3.65 billion last month, up ... Read More
No new trade restrictions against South Korean products were reported in July, but it is premature to say the global protectionist trend has weakened, a local trade body said Wednesday. According to the Korea International Trade Association, July was the ... Read More