News
Export, Import Prices Rise Sharply
South Korea’s export and import prices have risen sharply due to a weaker local currency. According to the Bank of Korea(BOK) on Wednesday, the export price index was estimated at 83-point-99 for November, up by four-point-one percent from October. It ... Read More
U.S. Beef Getting Popular in S. Korean Kitchens
More and more South Koreans are opting to buy imported U.S. beef over the more expensive domestically produced beef known as hanu. The Korea Customs Service and U.S. Meat Export Federation say South Korea imported 28 percent more beef between ... Read More
Seoul’s Economy-related Ministries Activate Emergency Response Team
The government has activated an emergency response system to rein in on economic jitters following the passage of President Park Geun-hye's impeachment motion in parliament. Vice Finance Minister Choi Sang-mok chaired the first emergency response meeting with related agencies on ... Read More
Anti-dumping actions against Korean goods increase
The number of anti-dumping measures taken against South Korean goods has increased this year, with half of such measures targeting steel and petrochemical products, data showed Wednesday. A total of 132 anti-dumping measures have been imposed on South Korean-made goods ... Read More
S. Korea’s Defense Exports Jump 1,100% in Six Years
South Korea’s defense exports have been sharply increasing. The Financial Times of Britain reported on Tuesday the country’s defense exports have soared from 73 million U.S. dollars seven years ago to 871 million U.S. dollars last year --- an increase ... Read More
Shinhan Bank completes acquisition in Indonesia
South Korea's Shinhan Bank said its Indonesian unit, Bank Shinhan Indonesia (BSI), has completed a merger with another Indonesian bank in the latest move to seek a new growth engine in the world's fourth most populous country. BSI won an ... Read More
South Korea Fails Record Trading Volume 1 billion dollars
Korea International Trade Association estimates that South Korea's trade volume this year will be recorded up to 901 billion US dollars. This is a sharp decline from last year's record one-trillion dollars. The association estimates that the annual exports will ... Read More