Korea
South Korea’s industrial output declines in Jan
SEOUL: South Korea’s industrial output dropped even more than estimated in January as a slump in exports and the end...
South Korea’s exports shrink 12.2% in Feb
SEOUL: South Korea's exports shrank in February for the 14th consecutive month on soft global demand, adding to pressure on...
S. Korea’s Feb crude oil imports increase 17.8%
SEOUL: South Korea's crude oil imports in February rose 17.8 percent from a year earlier to 94.2 million barrels, preliminary...
S. Korea’s air passenger traffic rises 13.4% in Jan
SEOUL: South Korea's air passenger traffic jumped 13.4 percent in January from a year earlier on an increase in both...
Iran, South Korea seal €5bn pact
TEHRAN: Iran said on Sunday that it had signed a basic agreement with South Korea to attract funds worth a...
Mineral ban on N. Korea to cut growth by 4.3%
SEOUL: A prediction has been made that the UN ban on North Korean mineral exports will cost the country more...
Vietnam-Korea free trade agreement helps shrimp trade
HANOI: Thanks to the free trade agreement between Viet Nam and South Korea in effect from 20 December 2015, businesses...
S. Korea to launch consultative body for AIIB projects
SEJONG: The South Korean government will set up a consultative body comprised of state-run policy lenders and private financial firms...
South Korea imports 8.37 mln mt of thermal coal in Jan
SEOUL: South Korea imported 8.37 million mt of thermal coal in January, 12% more year on year, but 3% less...
S. Korea’s household credit hits record high in Q4
SEOUL: South Korea's household credit climbed to a new high in the fourth quarter of 2015, data showed Wednesday, adding...
S. Korea’s terms of trade improve in Jan
SEOUL: South Korea's terms of trade improved from a year earlier last month but mostly due to import prices falling...
Volume of snack foods import into Korea doubles
SEOUL: The volume of snack foods imported into Korea almost doubled over the past 10 years. The Ministry of Food...
Switzerland, South Korea sign AEOI statement
SEOUL: Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information (AEOI) from 2018. The...
North Korea’s overall food imports fall in 2015
SEOUL: North Korea’s overall food imports from neighboring China fell by a quarter in 2015 when compared the previous year,...
S. Korea banks net profit halve in 2015
SEOUL: South Korean banks’ total net earnings in 2015 were nearly halved from the previous year to record the worst...
S. Korea’s logical property trade deficit hits record low in Q3
SEOUL: South Korea's trade balance from intellectual property rights remained in the red in the third quarter of last year,...
S. Korea’s imports of steel materials edge down in Jan
SEOUL: South Korea's imports of steel materials edged down in January from a year earlier due in part to a...
South Korea’s currency falls to 6 year low
SEOUL: South Korea's currency on Wednesday fell to the lowest in almost six years as the US dollar rebounded on...
South’s Korea KOGAS cuts 2015 LNG imports 13.5%
SEOUL: South Korean state-owned Korea Gas Corp.'s imports of LNG fell 13.5% to 31.41 million mt last year, as the...
Korea’s import prices fall in Jan
SEOUL: Korea’s import prices fell to the lowest level in over eight years in January on declining crude oil prices,...
