The South Korean government on Thursday reacted cautiously to the US’ formal request to hold a joint meeting to revise the Korea-US free trade agreement within the next month, saying the timeline may not be realistically possible and that searching ... Read More
The Korea Importers Association (KOIMA) on Thursday held a business-to-business (B2B) meeting with Indonesian traders at Sheraton Hotel Jakarta. “The main purpose [of this meeting] is to buy some of your outstanding products, like oil palm, rubber [and] timber,” KOIMA ... Read More
The number of newly employed workers in June saw the smallest increase in five months, according to data released by Statistics Korea on Wednesday. Last month, the number of employed people hit 26.86 million. While the figure marks a 301,000 ... Read More
Korea has seen foreign direct investment slump and investments by local companies abroad balloon over the past few years. According to data from the Ministry of Trade, Industry and Energy, Korean firms’ investments overseas amounted to $276.1 billion for a ... Read More
South Korean companies’ high hopes were struck down following President Moon Jae-in’s Thursday meeting with Chinese President Xi Jinping, as the two countries failed to strike an accord to cease China’s unofficial economic retaliation against South Korean companies regarding the ... Read More