SEOUL, July 24 (Korea Bizwire) — South Korea’s trade volume is forecast to hit a five-year low this year as a stronger local currency and low oil prices weigh heavily on Asia’s fourth-largest economy, data showed Friday. The country’s exports reached US$268.7 billion in the first six months of the year, down 5.1 percent from [...]
SEOUL, March 31 (Korea Bizwire) — Small to medium manufacturers’ management conditions are getting worse in Korea, even though some of the major firms they cooperate with are seeing sales increases. According to a report published by the Korea Federation of SMEs and the Korea Institute for Industrial Economics & Trade published on March 29, the [...]
SEOUL, Aug. 18 (Korea Bizwire) – The number of Chinese tourists (“youke” in Chinese) visiting Korea is rapidly on the rise, with their spending increasing by the year. The Korea Institute for Industrial Economics & Trade said in a report “Impact of Chinese Tourists on Industry and Its Policy Implications” published on August 15 that the [...]