News
Consumption Flat, Households Post Recession-driven Surplus
Household consumption remains sluggish in South Korea. According to Statistics Korea on Friday, South Korean households’ monthly average earnings in the second quarter grew zero-point-eight percent year on year which is approximately four-point-three million won. But their monthly average spending ... Read More
US Accuses South Korean Anti-Dumping Practices Make Up Products Petrochemical, Following Steel
United States is strengthening the trend of trade protectionism lately, accusing South Korea anti-dumping practice against petrokima products, following steel. According to the Trade-Investment Promotion Agency Korea -KOTRA in Washington, International Trade Committee-ITC, the United States on the date. August ... Read More
S. Korea’s Imports of Iranian Crude Oil more than Double in Q2
South Korea's imports of Iranian crude oil more than doubled in the second quarter of the year from a year earlier following the lifting of international sanctions against the Middle East country early this year. According to data by the ... Read More
S. Korea’s Exports to China Fall for 13 Months In a Row
South Korea’s exports to China have dwindled for a 13th consecutive month in July. The Korea International Trade Association(KITA) said on Wednesday that South Korea’s exports to China last month amounted to ten-billion-129-point-57 million U.S. dollars, down nine-point-four percent on ... Read More
S. Korea’s GDP Rises to World’s 11th Largest in 9 Yrs
South Korea has been ranked the world’s 11th largest economy in 2015, but its per-capita gross national income(GNI) in terms of purchasing power parity(PPP) has fallen to 48th. According to the compiled data by the World Bank on Monday, South Korea’s ... Read More
Lotte Duty Free reopens in Gimpo
Lotte Duty Free has reopened its store in Gimpo Airport, the firm said Friday. The company had secured its operation license in May. The duty-free operator has selected cosmetics, fragrances and accessories as major products for the store to meet ... Read More
Gov’t program helps 3,100 SMEs turn into exporters this year
Over 3,100 local firms benefited from the government's offshore marketing support program and achieved their first export this year, the trade ministry here said Thursday. Cases of successful overseas inroads were reported at a government meeting chaired by Prime Minister ... Read More