President Moon Jae-in urged the Korean people on July 2 to “Let’s consume for others’ sake and live together.” Here are excerpts from the message of President Moon:Hello. As everybody knows, exports and domestic demand are the two pillars that shore up our economy. In fact, however, neither is it a

The following article was contributed by the Embassy of the Repubic of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language media since 1985.—Ed. By Dr. Muhsinjon M. Kholmukhamedov, Center for Economic Researches and ReformsUntil mid-March, reside

The United Arab Emirates is one of the first countries to reach out and extend a hand of help to combat the novel coronavirus (COVID-19) outbreak, where it has started early planning of many humanitarian initiatives to help curb the spread of the virus. While the UAE continues its constant work of s

By Publisher Lee Kyung-sik, Editors Kim Hyung-dae, Ms. Joy ChoAmong the areas where Korean companies are most wanted in the Russian Federation are international production, development of industrial capacity, construction and regional infrastruec projects. This was disclosed by Trade Representative

The following article was provided by the Embassy of the United Arab Emirates in Seoul to The Korea Post media for publication.—Ed.The UAE has taken another step to resume economic activity by reopening gyms, cinemas, and increasing free movement in Dubai from May 28. Restrictions will remain in pla

On May 22, 2020, the board of directors of the Korea Uzbekistan Business Association was held on the 29th floor of the POSCO Tower in Songdo, Incheon. It was the official launching ceremony since the establishment of the corporation.The newly launched Korea Uzbekistan Business Association (Chairman

After the ruling Democratic Party and other pro-government paries won a landslide victory in the National Assembly elections on April 16, 2020, President Moon Jae-in said that he felt “an immense sense of responsibility, rather than joy.” Officials at the Presidential Mansion of Cheong Wa Dae in Seo

Trade, Industry and Energy Minister Yoo Myung-hee attended the G20 Extraordinary Trade and Investment Ministers Meeting through videoconference on March 30, and called for collaboration of member countries to facilitate mobility of businesspeople and maintain global supply chain.Issues raised by the

Shopee Korea, the largest e-commerce platform of Southeast Asia and Taiwan, announced it will recruit startups to participate in the startup accelerator program "Go, ASEAN! K-Startup Accelerating Program 2020 (KSAP 2020)," co-hosted with the Korea International Trade Association (KITA) and WeWork La

South Korean shares suffered a headlong fall Friday, in sync with global peers over the growing fallout from the new coronavirus, but recouped some of the earlier losses to close 3.4 percent down on impending market and economy-supporting measures.The Korean won finished at a six-month low against t

South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday.The country's state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (U

The surge in the number of confirmed cases of the novel coronavirus here is starting to cause serious fatigue among medical personnel, with manpower shortages becoming an issue in some hard-hit areas.Fatigue among medical staff has been most acute at hospitals designated to handle coronavirus patien

South Korean stocks fell more than 1 percent on Thursday as foreigners became net sellers for the fourth consecutive session amid the growing number of patients infected with the new coronavirus here. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI)

South Korea will step up efforts to bolster its economy as it seeks to contain the economic fallout from the spread of a new coronavirus, Finance Minister Hong Nam-ki said Monday.Hong said the government will come up with additional measures in coming weeks to help local firms cushion the economic i

- South Korean airlines said Monday they will maintain the suspension of some flights to China until the end of March as people opt not to travel to the neighboring country amid the spreading coronavirus outbreak.The country's two full-service carriers -- Korean Air Lines Co. and Asiana Airlines Inc

South Korea will provide 2 trillion won (US$1.7 billion) in financial support to small merchants who are expected to take a hit from the rapid spread of the novel coronavirus, Finance Minister Hong Nam-ki said Friday.South Korea also plans to begin consultations with China's local governments to ask

South Korea will spare no efforts to minimize the economic impact of the rapidly spreading new coronavirus, Finance Minister Hong Nam-ki said Wednesday, amid rising concerns about the economic fallout.Hong described the economic impact of the virus as "grave," adding that "all measures" will be prep

South Korea's consumer prices rose 1.5 percent on-year in January, marking the fastest gain in 13 months, the statistics agency said Tuesday.The country's inflation also rose 0.6 percent on-month in January on the back of increased prices of agricultural and industrial products, according to Statist

South Korea's stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth.The benchmark Korea Composite Stock Pr

The rapid spread of the novel coronavirus is expected to weigh on South Korea's economy unless the epidemic is contained swiftly, Finance Minister Hong Nam-ki said Monday.The coronavirus epidemic has had a limited impact on the Korean economy so far, but it is difficult to determine how the virus wi