The South Korean economy continued to grow at a steady pace in the third quarter, partly helped by increased government spending and a slight rebound in exports from three months earlier, central bank data showed Thursday.In the three months ended Sept. 30, the country's real gross domestic prod

South Korea's finance minister said Tuesday the government will hold final discussions in the coming days on whether to maintain developing-country status amid a looming U.S. deadline.Hong Nam-ki did not provide a specific time frame on when the meeting will be held.South Korea has faced a dilem

South Korea's producer prices dropped for a third consecutive month in September, central bank data showed Tuesday, possibly signaling a steady drop in consumer prices that has been partly blamed for the country's slowing growth.The producer price index for all commodities came to 103.84 in

South Korea's business community on Monday asked the government to improve the system on a looming shorter workweek at smaller firms.The Korea Chamber of Commerce and Industry -- which speaks for the country's businesses -- and other business associations said there are difficulties in apply

The International Monetary Fund on Tuesday lowered its growth forecast for South Korea's economy this year to 2 percent from its previous outlook of 2.6 percent amid a global economic slowdown.Slowing growth in China and the "spillover" of the yearlong trade war between the United States and C

South Korea's export prices dropped from a month earlier in September largely due to the strength of the local currency against the U.S. dollar, central bank data showed Wednesday.The export price index -- in terms of Korean won -- came to 101.03 last month, down 0.8 percent from 101.81 the mont

Korean Air Lines Co., South Korea's national flag carrier, said Monday it has offered a voluntary leave program to its employees amid deepening losses.In the unpaid leave program, employees who have worked for the company for over two years can take a three-month period of leave starting in Nove

South Korea's agricultural ministry on Thursday announced a 48-hour lockdown on all pig farms in a town north of Seoul, where the country's 14th African swine fever (ASF) case was confirmed a day earlier.The movement ban on all pig farms in Yeoncheon, north of Seoul, went into effect earlier

South Korea's ranking in global competitiveness rose by two notches this year due to macroeconomic stability and a high level of information technology, a report showed Wednesday.Asia's fourth-largest economy ranked 13th out of 141 countries surveyed in the World Economic Forum (WEF) competi

South Korea and Colombia agreed on Tuesday to expand economic ties by better utilizing their bilateral free-trade agreement (FTA).Since the implementation of their FTA in 2016, the bilateral trade volume has been sharply gaining ground, with South Korea's exports to Colombia moving up 13.1 perce

South Korea's current account remained in the black for the fourth consecutive month in August, but its surplus narrowed sharply from a year earlier amid a steady decline in exports, central bank data showed Tuesday.The country's current account surplus came to US$5.27 billion in the month,

South Korea confirmed two more cases of the African swine fever (ASF) outbreak Thursday to raise the total number of cases to 13 in less than three weeks, with quarantine officials bracing for a further spread of the deadly animal virus amid Typhoon Mitag.The latest case was reported from Gimpo, nor

South Korea on Wednesday confirmed the 10th case of African swine fever (ASF), sparking concerns of a massive spread of the fatal animal disease from the country's northern areas.It marked the first confirmed case since Friday.The latest case came from a farm in Paju, north Gyeonggi Province, bo

South Korea on Friday confirmed its ninth African swine fever (ASF) case, sparking concerns over a massive spread of the deadly animal virus near the inter-Korean border.The latest case was reported on Gangwha Island, part of the city of Incheon, 60 kilometers west of Seoul, according to the Ministr

South Korea on Sept. 25, 2019 confirmed yet another case of African swine fever (ASF), increasing the number of outbreaks of the deadly animal disease to six after the country reported its first outbreak last week.Two suspected cases were reported at farms on Ganghwa Island in Incheon, around 60 kil

SK Engineering & Construction Co., a South Korean construction company, said on Sept. 25, 2019 it will set up a joint venture with U.S.-based Bloom Energy for the production of solid oxide fuel cell (SOFC).The 49:51 joint company, to be set up in November, will provide Korean-made fuel cells to loca

Seoul stocks edged up Monday, extending their winning streak to a 12th consecutive day, with investors cautiously pinning hopes on the upcoming U.S.-China trade talks next month. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.18 points, or

Hyundai Motor Group said Monday it will set up a US$4 billion joint venture (JV) with Ireland-based autonomous vehicle startup Aptiv next year to develop a self-driving platform.Faced with the spread of protectionism and tougher competition with rivals, the South Korean carmaker has been aggressive

Samsung Electronics Co.'s share price rallied this month on hopes for a recovery in the memory chip market and earnings in upcoming quarters.Shares of Samsung Electronics, the top market cap on South Korea's stock market, closed at 49,150 won (US$41.2) on Thursday, up 3.04 percent from the p

South Korea's agricultural ministry said Monday another suspected case of African swine fever (ASF) was reported after the country confirmed two cases of the deadly animal disease last week. The suspected case was reported from a farm in Gimpo, located roughly 30 kilometers west of Seoul