SEOUL, Jun. 2 (Korea Bizwire) — Korean exports in dollar value decreased 10.9 percent in May from the same period last year, due to the weakening Yen, slowing economies in the U.S. and China, a loss of competitiveness for Korean companies, and low oil prices. Korean exports have decreased for five months in a row, [...]
SEJONG, June 1 (Korea Bizwire) — South Korea’s exports dropped significantly in May from a year earlier though its trade surplus expanded as imports shrank at a faster rate, the government said Monday. In May, the country’s overall outbound shipments came to US$42.39 billion, down 10.9 percent from the same month last year. May marked [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s monthly current account surplus rose to a four-month high in March, extending its surplus streak to a 37th straight month, data showed Monday. The current account surplus hit US$10.39 billion in March, nearly doubling from a $6.44 billion surplus in the previous month, according to the provisional data [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korean companies’ revenues declined at a record annual pace in 2014 as the firmer local currency and weak oil prices worked to lower export prices and reduce overseas sales, central bank data showed Thursday. Combined sales at 1,536 listed firms and 195 non-listed key companies sank 1.5 percent [...]
SEJONG, March 19 (Korea Bizwire) — South Korea will aim to nearly double its exports over the next decade through a second manufacturing boom that infuses production with advanced technology, the trade ministry said Thursday. The measures approved at the trade-investment promotion committee meeting in Seoul include a 1 trillion won (US$885 million) state-private joint [...]
SEJONG, Feb. 9 (Korea Bizwire) — South Korea will work to nearly double its exports via electronic trading this year, a move that will include support for some 20,000 products, the government said Monday. The plan was unveiled at the first meeting of online exporters hosted by the Ministry of Trade, Industry and Energy. “Exports [...]