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S. Korea eyes striking FTAs with 12 more countries by 2022

South Korea's trade ministry said Thursday it plans to strike free trade agreements with 12 more countries by 2022, which will further allow Asia's No. 4 economy to expand its presence covering aroun...

Nov 21, 2019
S. Korea’s producer prices slip for 4th month in Oct.

South Korea’s producer prices declined in October for the fourth straight month, central bank data showed Wednesday, reflecting sluggish growth and changes in pork prices. The overall producer price...

Nov 20, 2019
[ASEAN-Korea summit] Rising Southeast Asia, region of strategic priority to OECD

The 2019 ASEAN-Korea Commemorative Summit and the First Mekong-Korea Summit are just around the corner. Association of Southeast Asian Nations ambassadors in Paris have expressed to me their expectat...

Nov 20, 2019
Tax office launches probes into tax evasion

South Korea's tax agency said Wednesday that it has launched probes into dozens of companies and more than 100 individuals over suspected tax evasion in the latest crackdown on tax dodgers. The Nati...

Nov 20, 2019
Weak growth, trade tensions to weigh down on Korean economy in 2020: Moody’s

Credit agency maintains 2.1% outlook for next year

Nov 19, 2019
S. Korea would get economic boost from RCEP: report

South Korea's economic growth would get a boost from the implementation of a mega trade deal involving Asia-Pacific countries, a report said Tuesday. Association of Southeast Asian Nations members a...

Nov 19, 2019
Apartments account for 59 % of all homes in S. Korea

The number of apartments owned by households in South Korea came to 9.03 million in 2018, accounting for 59 percent of all homes across the country, government data showed Tuesday. The figures repre...

Nov 19, 2019
Seoul to invest 4.8tr won for Incheon airport expansion

South Korea will invest 4.84 trillion won ($4.2 billion) to expand its main airport by 2024 to meet rapidly rising travel demand, the transport ministry said Tuesday. Incheon International Airport C...

Nov 19, 2019
S. Korea’s policy rate is high, considering inflation: OECD

South Korea’s actual key interest rate, in relative term to its inflation, is one of the highest among peer economies, data showed Monday, raising speculations that the country may carry out addition...

Nov 18, 2019
S. Korea to mull extending presale prices of privately built flats

South Korea said Monday it will consider extending a scheme to cap the presale prices of privately built apartments in the case of instability in real estate markets. Vice Finance Minister Kim Yong-...

Nov 18, 2019
[News Focus] People question policy on Seoul apartments

SEJONG -- An online commenter, who identified himself as a salaried worker in charge of a household, wrote earlier this month that he bought an apartment in Seoul during the latter part of the Park G...

Nov 17, 2019
S. Korea mulling separate FTAs with more ASEAN member states

South Korea is exploring the possibility of forging individual free trade deals with more ASEAN member states, a senior trade official has said, in a move to further boost growing economic ties with ...

Nov 17, 2019
Slowing exports weigh on S. Korea's economic growth: ministry

South Korea's weak investment and slowing exports have undermined its economic growth, the finance ministry said Friday. "Overall industrial output and consumption are on the rise, but a sluggish tr...

Nov 15, 2019
Korea’s top IP office to support materials sector via big data

The Korean Intellectual Property Office said Thursday it plans to help boost competitiveness of the local materials, parts and equipment sectors and reduce their reliance on foreign technologies thro...

Nov 14, 2019
OECD leading index for S. Korea edges down in Sept.

A leading economic index for South Korea inched down in September, heralding a contraction for Asia's No. 4 economy down the road, data showed Thursday. The composite leading indicator of economic a...

Nov 14, 2019

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