SEOUL, Mar. 20 (Korea Bizwire) — South Korea posted a trade surplus in intellectual property rights (IPRs) in 2023, partly due to trade surplus in copyrights, central bank data showed Wednesday. The country’s cross-border IPR trade surplus stood at US$180 million last year, compared with a shortfall of $1.11 billion a year earlier, according to [...]
SEJONG, June 23 (Korea Bizwire) – South Korea’s deficit in the tourism balance with European Union countries rose 36 percent in 2017 from a year earlier, central bank data showed Saturday, as a growing number of South Korean travelers visited European countries. South Korea’s tourism deficit with the EU came to US$5.46 billion in 2017, [...]
SEOUL, Jun. 23 (Korea Bizwire) — Korea’s trade deficit with the United Stated in the service sector reached a new high last year, while the nation’s goods surplus with the world’s largest economy hit a five-year low. According to the data released by the Bank of Korea on Thursday, Korea recorded a loss of $15.4 [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea’s trade surplus with the United States dropped 17 percent on-year in 2017, despite the fact that no changes have yet been made to the free trade pact that Washington claims unfairly favors Seoul, market watchers said Sunday, citing official data. Observers said trade numbers released by the [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea’s trade surplus with the United States fell sharply during the first 11 months of this year from a year earlier amid growing pressure from Washington, data showed Wednesday. The U.S. has demanded a revision to a free trade agreement (FTA) with Seoul, which U.S. President Donald Trump [...]
SEOUL, Sept. 5 (Korea Bizwire) — While the alleged development of a hydrogen bomb by North Korea is keeping the military on alert, Donald Trump’s allusions to a possible termination of the Korea – U.S. Free Trade Agreement is keeping the nation’s economy in a similar state. In the latest stream of news either decrying [...]
SEJONG, Dec. 15 (Korea Bizwire) – South Korea posted a trade surplus for the 46th month in a row in November as imports dropped at a much faster pace than exports, customs data showed Tuesday. According to data from the Korea Customs Service (KCS), the country’s trade surplus reached a record high of US$10.32 billion [...]
SEJONG, July 9 (Korea Bizwire) – South Korea will invest nearly 10 trillion won (US$88 billion) over the next three years to help boost its exports, the government said Thursday. The move comes as the country posted an on-year drop in its exports for six consecutive months since January. In the first six months of [...]
SEJONG, June 15 (Korea Bizwire) — South Korea posted a trade surplus for the 40th month in a row in May as imports dropped at a faster pace than exports, customs data showed Monday. According to the data by the Korea Customs Service (KCS), the country’s trade surplus reached US$6.3 billion last month, down from $8.53 [...]
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 [...]