Korea
South Korea launching an open banking platform
SEOUL: This month, the Korean government will launch a platform for financial institutions that will allow them to build services...
S. Korea’s import prices fall on lower oil prices
SEOUL: South Korea's import prices shifted back to a decline in July, affected by falling oil prices and stronger local...
S.Korea’s KOGAS signs MOU with Mexico’s Yucatan for LNG import terminal
SEOUL: Korea Gas Corp (KOGAS) said on Thursday it signed a memorandum of understanding (MOU) with the Mexican state government...
Household debts in S. Korea keep surging on record-low rate
SEOUL: Household debts in South Korea, one of major risks factors facing the economy, kept rising at a fast pace...
Korea Electric (KEP) Q2 net income up, revenues down y/y
SEOUL: South Korean utility major Korea Electric Power CorporationKEP reported second-quarter 2016 net income of KRW 1,768 billion ($1.516.9 million),...
Samsung Biologics to apply for S. Korea IPO approval
SEOUL: Samsung Biologics Co Ltd, the biopharmaceutical contract manufacturing affiliate of Samsung Group, is expected to apply on Aug 11...
Import car sales in Korea slide 24% on year in July
SEOUL: Demand for import cars in South Korea suffered a big drop in July, taking a hit from the end...
South Korea says finds no GMO in U.S. wheat imports
SEOUL: South Korea has not detected any genetically modified wheat in tests on imports of wheat and flour from Washington...
South Korean exports growth likely to slow in July
SEOUL: South Korea’s exports are likely to have decelerated considerably in July on year-on-year basis and in terms of dollar....
S. Korea’s custom agency uses QR code for exports
SEOUL: The customs agency on Thursday said it has begun to use QR codes for South Korean goods cleared for...
S.Korea’s e-commerce exports post double-digit increase in Q2
SEOUL: South Korea's e-commerce exports posted a double-digit increase in the second quarter thanks to demand in China for South...
South Korea bans sale of 80 Volkswagen models
SEOUL: The South Korean government on Tuesday revoked the certification and banned the sale of 80 Volkswagen models in the...
South Korea’s exports worse than forecast in July
SEOUL: South Korea's exports shrank for a 19th straight month in July, with the pace of decline picking up again...
S.Korea’s July crude oil imports down 5.8% YOY
SEOUL: South Korea's crude oil imports in July fell 5.8 percent from a year earlier to 88 million barrels, preliminary...
South Korea mackerel imports from Norway up 73%
SEOUL: South Korean imports of Norwegian mackerel increased by 73% in the first six months of the year compared to...
South Korea iron ore imports declined 5% in H1 2016
SEOUL: The trade statistics released by the Korea Customs Service indicate that iron ore imports by the country declined significantly...
North Korea bans all imports of goods
SEOUL: North Korea has not only accused the U.S. government of declaring war following the latest round of economic sanctions...
S. Korea’s car exports sink 13.1% in Q2
SEOUL: Exports of South Korea-made cars sank 13.1 percent in the second quarter from a year earlier due mainly to...
Korea to scrap duties on equipment imports for new industries
SEOUL: South Korea will scrap import tariff on 23 items including production equipment for rechargeable batteries and organic light-emitting diode...
South Korea’s growth improves on better consumption
SEOUL: South Korea's economic growth has improved during the second quarter thanks to stronger private consumption and increased housing construction....
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