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Korea’s exports decline for 14th straight month

Pinched by weak overseas demand and low oil prices, South Korea’s exports plummeted 12.2 percent in February compared to the same month a year before, continuing the double-digit fall trend for the third straight month. The country’s overall outbound shipments ... Read More

Korean Worker’s Wages Half Those of Germans

South Korean workers only earn half what their German counterparts make per hour due to longer work hours and lower productivity, a report by an international economic organization showed Tuesday. According to the work quality report by the Organization for ... Read More

POSCO Bets On Lithium Business

By Cho Chung-un POSCO, the world's fourth-largest steelmaker, has begun work on a lithium extraction plant in Argentina as part of its strat-egy to prioritize its business in the metal. Upon the completion of the plant by the end of ... Read More

Seoul to hold FTA talks with six Central American nations

Korea will hold free trade agreement negotiations with six Central American countries this week, the Trade Ministry said Monday. The third round of negotiations will be held in San Francisco, U.S., from Monday to Friday, local time, according to the ... Read More

Korea world’s 6th-largest exporter

By Lee Sun-young Korea is now the world's sixth-largest exporter, World Trade Organization rankings show. Shipments from Korea to­taled $526.9 billion in 2015, down nearly 8 percent from a year ago as global markets But its share of world trade ... Read More

Prodigy Kid Jazz Up Jokowi’s US Visit

Aside from speaking at the historic US-ASEAN Summit and holding bilateral meetings with fellow regional members, President Joko "Jokowi" Widodo, who arrived in joey Alexander California on Sunday local time is also planning to spend a light moment with Grammynominated ... Read More

Korea’s bank deposits surge in 2015

The amount of money funneled to South Korean banks in deposits and bank debentures soared in 2015 from a year earlier, central bank data showed Sunday,apparently due to a rise in floating money prompted by low interest rates and uncertainties ... Read More

Korean exports feared to shrink again in Feb.

South Korea's exports are expected to dwindle again in February from a year earlier, data showed Sunday, which would mark the longest streak of on-year drops in the country's history. In the first 10 days of the month, outbound ship­ments ... Read More

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