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South Korea’s current account balanced turned to black in May, one month after the country posted its first deficit in seven years amid sluggish exports, central bank data showed on July 4. The c...
South Korea has been pushing to inject 1 trillion won ($862 million) per year into the semiconductor materials and parts industry, a ruling party official said on July 3. The plan was unveiled am...
South Korea’s Trade Ministry has started a review of the legal grounds for filing a complaint with the World Trade Organization over Japan’s decision to tighten the rules for exports of semiconductor...
South Korea’s new tax chief vowed July 1 to cut the number of probes into companies to ensure their normal business operations will not be undermined. National Tax Service Commissioner Kim Hyun-j...
South Korea’s exports decreased 13.5 percent in June from a year earlier, extending their on-year fall for the seventh consecutive month, data showed on July 1, due mainly to the prolonged trade row ...
A total of 24 Korean chaebol members were found to be holding more than 1 trillion won ($865 million) worth of listed shares as of the latest trading session. Samsung Chairman Lee Kun-hee (second fr...
The leaders of South Korea and India agreed on June 28 to step up efforts for synergies between their key diplomatic strategies aimed at broadening partnerships with more countries in Asia. Presi...
South Korea’s exports will likely drop more than 6 percent from a year earlier in 2019, dipping below the $600 billion mark only one year after breaching the threshold, a local trade agency said on J...
South Korea is considering extending a temporary tax cut on purchases of all-electric and hydrogen fuel cell electric cars, Finance Minister Hong Nam-ki said on June 25, in the latest move to help ec...
A major umbrella labor group said on June 24 it will stage a general strike next month to protest what it calls the liberal Moon Jae-in government’s suppression of the labor sector. The announcem...
President Moon Jae-in’s new secretary for policy, who earned the nickname “chaebol sniper” for his decade-long shareholder activism, vowed to keep his stance of promoting income-led growth, innovatio...
The South Korean economy added 359,000 jobs in the fourth quarter of last year, the biggest quarterly gain in a year, government data showed on June 20. There were 18.49 million salaried jobs in ...
South Korea retained the top spot in a European innovation list for the seventh consecutive year, the Finance Ministry said on June 19. Korea scored 137 points in global performance in relation t...
Goldman Sachs, a leading global investment banking group, said on June 18 it is cutting South Korea’s growth forecast for this year and next. The slash is based on the prospect of a smaller-than-e...
South Korean companies suffered heavy losses in the first quarter, central bank data showed on June 18, apparently due to a sharp drop in exports and tepid local consumption. In the first three m...
Tada executives acquitted
Investment firms act to reap windfalls from ‘Parasite’ boom
[From the Scene] Galaxy S20, Z Flip attract aspiring tech leaders in Silicon Valley
FTC to report Naver chairman to prosecutors for violating antitrust laws
Woori Bank merges two Cambodian subsidiaries
LG Chem gets default win in US ITC suit after SK Innovation’s contempt of court
NH Nonghyup holds 2nd demo day
Why investor Jim Rogers remains optimistic about inter-Korean business
February 23, 2020
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