News
S. Korea to Actively Deal with Protectionism
The government has vowed to actively deal with trade protectionism and nontariff barriers as part of efforts to boost the country's exports. Deputy Minister for Trade Lee In-ho said on Tuesday during a regular news briefing that government ministries will ... Read More
S. Korean Economy Grows 0.7% in Q2
Anchor: The South Korean economy grew just zero-point-seven percent in the second quarter, raising concerns of an extended period of low growth. Real gross domestic income fell for the first time in more than five years. Our Kim In-kyung has ... Read More
S. Korea’s Export Volume Grows 3.9% in June
The volume of South Korea’s exports increased thanks to semiconductors and cosmetics, but their value decreased last month due to low oil prices. According to the Bank of Korea(BOK)’s preliminary data on the country’s terms of trade index revealed on Monday, ... Read More
Korea’s exports may rebound in Aug.: finance minister
South Korea's finance minister on Sunday said the country's exports are anticipated to rebound in August, although uncertainties still remain after Britain's exit from the European Union. "(The recovery) may come in August," Finance Minister Yoo Il-ho said in a ... Read More
U.S. to slap heavy anti-dumping duties on S. Korean steel imports
SEOUL, July 21 (Yonhap) -- The United States has made a final decision to impose anti-dumping duties of up to 48 percent on imports of corrosion-resistant steel from South Korea, a key trade agency here said Thursday. In its recent ... Read More
EU, Indonesia launch free trade talks
BRUSSELS (AFP) – the EU’s 28 member states agreed on Monday to launch free trade talks with Indonesia, despite public doubts in Europe about two major transatlantic deals. The deal with Indonesia will build on pacts with other Asian powers ... Read More
Cigarette sales rise despite antismoking campaign
SEOUL, July 20 (Yonhap) -- Sales of cigarettes in South Korea rose about 14 percent in the first half of the year, despite last year's price hike and the government's antismoking campaign, according to industry data Wednesday. Smokers in South ... Read More