SEJONG, June 1 (Korea Bizwire) – South Korea’s exports jumped 13.4 percent last month from a year earlier to extend their winning streak to seven months on the back of brisk overseas sales of computer chips and displays, the trade ministry said Thursday. Outbound shipments came to US$45 billion last month, up from $39.7 billion [...]
SEOUL, May 29 (Korea Bizwire) – The latest report from the Hyundai Research Institute has revealed that South Korea is relatively safe from economic crisis, but warns that a dependency on trade with high-risk nations must not be overlooked. The report evaluating the vulnerabilities of 26 developing economies around the world categorized the countries using [...]
SEOUL, May 4 (Korea Bizwire) — South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced U.S. missile defense system on the Korean Peninsula, a local think tank said Wednesday. According to the Hyundai Research Institute (HRI), Beijing’s retaliation against Seoul’s decision to station a Terminal [...]
WASHINGTON, March 31 (Korea Bizwire) — U.S. President Donald Trump will sign an executive order directing a comprehensive review of major sources of trade deficits, officials said, as they named South Korea one of the 16 countries the U.S. runs large deficits with. The executive order calls for the Department of Commerce and the U.S. [...]
SEOUL, March 22 (Korea Bizwire) – The South Korean economy might suffer some US$20 billion in losses in trade with China in the future, if the diplomatic dispute over Seoul’s installation of a U.S. anti-missile system further escalates, a report showed Wednesday. Tension is rising between the two countries after Beijing took aggressive steps to [...]
SEOUL, March 21 (Korea Bizwire) – Stocks of Doosan Infracore Co. traded at a yearly high Tuesday as investors scooped up the country’s leading construction equipment maker on hopes for an improved business performance. Doosan Infracore was changing hands at 10,100 won (US$9) on the Seoul bourse as of 1:30 p.m., up 1 percent from [...]
SEOUL, March 20 (Korea Bizwire) – The French minister for government reform said Monday his nation will maintain its cooperative relationship with South Korea regardless of the result of the upcoming presidential election here. “France wants the best possible relationship with South Korea … the subjects for desired bilateral cooperation include every issue ranging from tourism, [...]
SEOUL, March 14 (Korea Bizwire) – Many U.S. exporters and importers believe the free trade agreement (FTA) between South Korea and the United States not only helped keep their business growing but also improved their products and services, a report showed Tuesday. In recent interviews with the U.S. office of the Korea Trade-Investment Promotion Agency [...]
SEOUL, March 13 (Korea Bizwire) – A majority of South Korean businesses in the United States expect additional difficulties down the road due to what many view as protectionist trade policies of the new U.S. administration, a survey showed Monday. More than 7 out of every 10 respondents said they were already facing difficulties in [...]
SEJONG, Feb. 21 (Korea Bizwire) – South Korea’s exports continued their upbeat mode in the first 20 days of February, underscoring a recovery in the country’s outbound shipments, the latest customs data showed Tuesday. Exports amounted to US$27.7 billion from Feb. 1-20, up 26.2 percent from the same period last year, according to the data [...]