News
Short-term Floating Fund Surpasses 950 Tln Won For 1st Time
South Korea’s idle money yet to be committed to long-term investment has hit a record high despite the efforts by the Bank of Korea(BOK) to provide liquidity for the market, reeling from the heightened uncertainty at home and abroad, by ... Read More
Korea’s E-Mart to open its first big-box store in Mongolia
South Korea’s E-Mart Inc., a unit of the country’s retail giant Shinsegae Group, will open its first store in Mongolia on July 28 in hopes of boosting not only its sales but also exports of Korean-made goods to the country. ... Read More
UK Business Secretary to Launch Trade Talks with S. Korea, US, China, Japan
U.K. Business Secretary Sajid Javid will launch trade talks with South Korea, the United States, China and Japan over the next few months to replace trade deals established by the European Union. The AFP reported that Javid disclosed in a ... Read More
BOK: S. Korea Unlikely to Achieve Economic Growth of 2.8%
The Bank of Korea(BOK) has predicted that economic growth of two-point-eight percent this year will be hard to achieve due to repercussions from corporate restructuring, a prolonged slump in exports and a possible U.S. interest rate hike. According to a ... Read More
Seoul expects $12.5 billion foreign visitors spending
[THE INVESTOR] Seoul will be Asia-Pacific region’s fifth most visited city in 2016, with foreign visitors spending US$12.5 billion, MasterCard’s analysis showed on June 27. According to MasterCard’s analysis, about 10.2 million foreigners will visit Seoul throughout the year, and ... Read More
Import of US Cars More than Triples Since S. Korea-US FTA
South Korea's import of American cars has more than tripled since the South Korea-U.S. Free Trade Agreement(FTA) went into effect in 2012. According local industry sources on Monday, South Korea imported 49-thousand-96 cars from the U.S. last year, three-point-six times ... Read More
Trade Ministry Holds Urgent Meeting to Monitor Brexit Impact on Economy
Seoul's Ministry of Trade, Industry and Energy held an emergency meeting Friday to monitor economic conditions as the UK's departure from the European Union became official in a historic referendum. In the meeting chaired by Vice Trade Minister Lee Kwan-sup, ... Read More