Category: Economy

  • South Korea’s Top 10 Exports to the world!

    South Korea’s Top 10 Exports to the world!

    South Korea is one of the largest economies in the world. A country’s export exert a deep influence on its economic growth. A healthy economy is the one where exports and imports are growing. It is even included in the group of Next Eleven countries that will dominate the global economy in the middle of […]

  • How to import goods from Korea ?

    How to import goods from Korea ?

    FROM microlithic stone tool technology to carve toolkits, To having developed own operating system – “Red Star” and Seoul being ranked “The Tech Capital of the World”, Korea has laid milestones in the field of technology. It is one of the leading Global research nations of the world and ranks 6th in exports. Harbouring the […]

  • ‘Public diplomacy essential for stronger Korea-US ties'

    ‘Public diplomacy essential for stronger Korea-US ties'

    Over the course of his US presidential campaign, Donald Trump spared no criticism against the country’s free trade pact with South Korea. Calling it a “disaster” and a “job killer,” the populist politician threatened to pull out of the treaty once he took office. But the US president was not the first to express such […]

  • Finance chief says US rate hike hopes mirrored in market

    Finance chief says US rate hike hopes mirrored in market

    South Korea’s financial market has already factored in expectations for US interest rate hikes this year, the finance minister said Friday, indicating it is well-positioned to withstand their impact. After boosting its benchmark interest rate by a quarter point to 0.75 percent in December, the US Fed forecast it could raise the federal funds target […]

  • Korea needs to cut reliance on US economy: think tank

    Korea needs to cut reliance on US economy: think tank

    South Korea should reduce its reliance on the US economy and push to galvanize domestic demand as the world’s No. 1 economy is expected to continue its slow growth down the road, a state think tank said Friday. In a report on the future of the US economy, the Korea Institute for International Economic Policy […]

  • Korea's experience can be role model of Asian development

    Korea's experience can be role model of Asian development

    South Korea will play a bigger role in Asia’s investment in sustainable infrastructure through its experience of economic development and constant investment in basic facilities, a senior official at an international institution said. “I would say that Korea is a very important member of our bank,” Danny Alexander, vice president of the China-led Asia Infrastructure […]

  • Trump govt. unlikely to focus on Korean economy

    Trump govt. unlikely to focus on Korean economy

    The US government will likely put South Korean economic issues on the back burner for a while as it will focus more on security concerns in the northeast Asian region, experts said Thursday. According to the report by the state-run Korea Development Institute, researchers and experts from renowned think tanks, including the Korea Institute for […]

  • Report says Korea-US trade mutually beneficial

    Report says Korea-US trade mutually beneficial

    South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produce their own finished goods, making their trade both complementary and mutually beneficial, a report said Wednesday. According to the report from the Korea International […]

  • Acting president vows expanded support for SMEs

    Acting president vows expanded support for SMEs

    Acting President and Prime Minister Hwang Kyo-ahn on Thursday vowed to expand policy support for small and medium-sized enterprises, stressing their role in creating jobs and revitalizing the economy. During the New Year’s greeting session with local SME leaders, Hwang also said that his government will strive harder to promote the globalization of SMEs as […]

  • Debate brews in Korea on universal basic income

    Debate is brewing here on whether South Korea should introduce a universal basic income for its citizens. The world’s first national trial of the idea, which began in Finland on Jan. 1, has boosted the discussion, which is expected to heat up in the lead-up to the presidential election this year to choose a successor […]