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S. Korea’s Trade Terms Improve in 2015

South Korea's terms of trade significantly improved last year as import prices fell 18-point-three percent amid low oil costs. The Bank of Korea said on Monday that the average terms-of-trade index for goods came to 99-point-97 in 2015, up eleven-point-two ... Read More

Cosmetics exports to China set record in 2015

South Korea’s cosmetics exports to China reached a record-high level in 2015, data showed Sunday, apparently driven by the boom of Korean po culture in Asia’s No. 1 economy. According to the data compiled by the Korea International Trade Association, ... Read More

Imported Coffee, Wine, Beer more Expensive in Korea

The price of some imported items such as wine, coffee and fruit were higher in South Korea then in a dozen other countries, according to data compiled by a local civic group.For instance, a tall cup of starbucts coffee, a ... Read More

Imports of Japanese Fishery Goods on Rise

South Korea’s imports of Japanese fishery products increased on year in 2015, data showed Sunday, marking the first rise since the 2011 Fukushima nuclear accident sparked contamination concerns.According to the data compiled by the Ministry of Ocean and Fisheries, the ... Read More

S. Korea Lifts Restrictions Trade with Iran

In the wake of the lifting of the international sanctions on Iran, the South Korean government announced it will lift it regulations on trade and investment in the Middle East country. The government agencies involved in Iranian sanctions, including the ... Read More

BOK Cites Sufficient Foreign Reserves, No Liquidity Concerns

The Bank of Korea on Thursday assured the country has enough foreign exchange reserves to grapple with any external shocks. Regarding some expert views that foreign reserves are insufficient, the central bank said that all bonds in which foreign reserves are invested ... Read More

Survey: KBS Ranks 1st in Media Influence

A new survey has found that KBS ranked first in terms of its influence among South Korean media outlets. The committee on probing media concentration under the Ministry of Culture, Sports and Tourism carried out the survey on media influence ... Read More

Uber Launches Luxury Sedan Service in Korea

Uber, the U.S. taxi-hauling app opera­tor, said Tuesday it was officially launch­ing its luxury sedan service Uber Black in Korea. The premium taxi service teams up with veteran taxi drivers with five or more years of taxi driving experience without ... Read More

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