SEJONG -- Economic recovery has shown signs of delay due to a resurgence in new coronavirus infections in mid-August, but the pace of decline in exports eased, the finance ministry said Friday. In a monthly economic report, called the "Green ... Read More
Nearly half of South Korean exporting companies expect Southeast Asian and Chinese markets to spearhead a recovery in their exports down the road, a poll showed Thursday. According to the survey of 1,051 local exporters, 25.2 percent of the respondents ... Read More
South Korea's central bank froze its key interest rate at a record low Wednesday amid heightened economic uncertainties over the protracted coronavirus outbreak and rising housing prices. The Bank of Korea (BOK) also voiced concerns about the fast growth of ... Read More
Foreign direct investment (FDI) pledges to South Korea shot up 43.6 percent in the third quarter of 2020 from a year earlier, data showed Tuesday, as the manufacturing segment drew a massive investment commitment. Asia's No. 4 economy received $5.23 ... Read More
South Korea's economy remained subdued as a recent resurgence of new coronavirus infections hit domestic demand, a state-run think tank said Monday. "The Korean economy remains subdued led by domestic demand due to a resurgence of COVID-19," the Korea Development ... Read More
South Korea's exports dropped 28.8 percent on-year in the first 10 days of October amid the fallout from the new coronavirus outbreak, customs data showed Monday. The nation's outbound shipments stood at $9.3 billion in the Oct. 1-10 period, compared ... Read More
South Korea's rice output is expected to shrink 3 percent in 2020 due mainly to bad weather conditions and reduced cultivation area, government data showed Thursday. The country's rice production is likely to come to 3.63 million tons this year, ... Read More
South Korea needs to further expand the country's hydrogen charging infrastructure as it lags behind advanced countries amid growing interest in zero-emission vehicles, a business association said Thursday. South Korea has emerged as a major player in technologies involving hydrogen ... Read More
