News
KITA: S. Korea Slapped with 179 Import Restrictions Worldwide
A recent survey shows that South Korean products have been slapped with 179 antidumping duties or other types of measures that restrict their imports across the world. The Korea International Trade Association(KITA) said Tuesday that 31 countries were found to ... Read More
S. Korea, Central America Begin 5th Round of FTA Negotiation
South Korea will hold another round of free trade negotiations with six Central American countries this week. The Ministry of Trade, Industry and Energy on Sunday said the fifth round of Free Trade Agreement(FTA) talks between South Korea and the ... Read More
POSCO Daewoo to supply $150m in materials to Indonesian dockyard
Posco Daewoo, a subsidiary of steelmaker POSCO, will supply materials and equipment worth $150 million to a state-run Indonesian dockyard to build large vessels, the company said Thursday. POSCO Daewoo and Indonesia’s largest state-run shipyard PT Penataran Angkatan Laut inked ... Read More
Pertamina acquires French oil company
State-owned energy giant PT Pertamina announced on Monday the acquisition of France-based oil company Maurel et Prom with the purchase of 24.53 percent of its shares from Pacifico. Pertamina vice president of corporate communications Wianda Pusponegoro said the acquisition was part of ... Read More
Consumer Price Growth Hits 10-Month Low in July
South Korea’s consumer prices posted the lowest on-year growth in ten months due to persistently low oil prices. Statistics Korea said on Tuesday that the nation’s consumer price index in July inched up by zero-point-seven percent from the same month ... Read More
Exports Fall 10.2% on Year to $41 Billion in July
Exports fell ten-point-two percent on-year to 41 billion U.S. dollars in July, extending the period of negative growth to a record-long 19 months. The Trade Ministry said Monday that imports also marked the 19th consecutive month of declines since January 2015, falling 14 ... Read More
S. Korea Posts Record High Current Account Surplus
South Korea has renewed an all-time high record of current account surplus. According to preliminary data announced by the Bank of Korea(BOK) on Monday, the nation's current account surplus stood at 12-point-17 billion dollars in June. It is the country’s ... Read More