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Tokyo Doesn’t Add to List of Strictly Regulated Exports to S. Korea

Tokyo Doesn’t Add to List of Strictly Regulated Exports to S. Korea

SEJONG, Aug. 7 (Korea Bizwire) — Japan did not unveil additional goods on Wednesday to be subject to tougher regulations when shipped to South Korea, but made it clear that it would implement export-related regulations “strictly,” Seoul’s trade ministry said. Seoul has been worrying that Tokyo may include more goods on the list of strictly [...]

S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

S. Korea to Spend 7.8 tln Won for Stable Supply of 100 Key Strategic Items

SEOUL, Aug. 5 (Korea Bizwire) — South Korea said Monday it will spend 7.8 trillion won (US$6.47 billion) over the next five years to nurture its materials, parts and equipment sectors and trim its dependence on Japanese imports in the latest move to cope with the neighbor’s economic retaliation. The move to boost R&D for [...]

Boycott of Japanese Goods to Intensify as Tokyo Expands Export Curbs

Boycott of Japanese Goods to Intensify as Tokyo Expands Export Curbs

SEOUL, Aug. 2 (Korea Bizwire) — Calls for a boycott of Japan-made goods in South Korea are expected to come to a boil as Tokyo went ahead with its threat to widen controls over exports of materials by removing Seoul from a list of trusted trade partners despite repeated calls to scrap the move. A [...]

BTS’ Recent Home Concerts Created Economic Effect Worth Nearly 500 bln Won: Report

BTS’ Recent Home Concerts Created Economic Effect Worth Nearly 500 bln Won: Report

SEOUL, Jul. 24 (Korea Bizwire) — K-pop boy band BTS’ fan meetings and concerts in South Korea last month created an economic effect worth nearly 500 billion won (US$424.2 million), an academic report showed Wednesday. According to the report by a research team led by Pyun Ju-hyun, a business professor at Seoul’s Korea University, BTS [...]

S. Korea to Step Up Efforts to Fend Off Japan’s Additional Trade Restrictions

S. Korea to Step Up Efforts to Fend Off Japan’s Additional Trade Restrictions

SEOUL, Jul. 21 (Korea Bizwire) — South Korea will step up its efforts this week to fend off a move by Japan to impose additional trade restrictions against Seoul, according to government officials on Sunday, amid a growing trade dispute that could also disrupt global supplies of semiconductors and smartphones. Diplomatic and economic tensions are [...]

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

SEOUL, Jul. 10 (Korea Bizwire) — Japan’s tighter regulations on some high-tech exports to South Korea will serve as a new downside risk to Asia’s fourth-largest economy, which is already struggling with a U.S.-China trade war, economists said Wednesday. In a seminar on the impact of Japan’s trade curbs, Kwon Tae-shin, president of the Korea [...]

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

SEOUL, Jun. 9 (Korea Bizwire) — South Korea’s economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior presidential secretary said Sunday. “I think we cannot rule out the possibility of the downside risks being drawn out as [...]