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S. Korea’s agricultural exports up 7% through Nov.: data

S. Korea’s agricultural exports up 7% through Nov.: data

South Korea's agricultural exports rose nearly 7 percent on-year over the January-November period, data showed Wednesday, setting a fresh high despite the new coronavirus pandemic. Outbound shipments of agricultural products came to $6.8 billion over the first 11 months of ... Read More

Vice minister warns against market overheating during crisis management

South Korea’s Finance Vice Minister Kim Yong-beom warned Tuesday that the ample liquidity level that arose during the COVID-19 crisis management procedure may trigger an overheating phenomenon in the assets market. He especially urged real estate market participants not to ... Read More
[News Focus] Korea, 34th of 37 OECD members in labor participation

[News Focus] Korea, 34th of 37 OECD members in labor participation

SEJONG -- South Korea’s labor force participation rate was the 34th-highest among the 37 members of the Organization for Economic Cooperation and Development as of 2019. In the Paris-based organization’s comparison of labor participation rates for those aged 25-64, Korea ... Read More

S. Korean shipyards outpace Chinese rivals for 5th month in terms of orders

South Korean shipbuilders outpaced their Chinese rivals in terms of new orders for the fifth consecutive month in November, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, South Korean shipyards won new ... Read More

China exports surge by forecast-beating 21.1% in November

China's exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus. The ... Read More

Exports fall 5.8% in first 20 days of October

SEJONG -- South Korea's exports fell 5.8 percent on-year in the first 20 days of October amid the fallout from the new coronavirus outbreak, customs data showed Wednesday. The nation's outbound shipments stood at $25.2 billion in the Oct. 1-20 ... Read More

S. Korea to lift export ban on mask filters

South Korea said Tuesday it will lift the export ban on nonwoven fabrics this week that are used to produce protective masks as the domestic supply of the materials and masks stabilized. Under the decision, the country will lift the ... Read More

Retail giants’ sales dip over 2tr won this year amid pandemic: poll

Combined sales by South Korea's retail giants are estimated to have declined more than 2 trillion won ($1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry ... Read More