South Korean beer exports to China shot up nearly four-fold in the last three years, data from a state-run trade promotion agency showed Friday.According to the Korea Trade-Investment Promotion Agency (KOTRA), beer shipments to China reached US$91 million in 2018, up 83 percent from $50 million the

South Korean imports of Japanese beer nose-dived this month due to a boycott of products from the Asian neighbor here amid a bilateral trade dispute, data showed Thursday.The combined imports of Japanese beer over the first 10 days of this month fell a whopping 99.9 percent from a year earlier, acco

South Korea's jobless rate hit a six-year low in August, and job additions increased the most in 29 months, government data showed Wednesday.The unemployment rate fell 1 percentage point on-year to 3 percent in August from a year earlier, also marking the lowest level for any August since 2013.

Samsung Electronics Co. and SK Telecom Co. have agreed to develop 8K televisions based on 5G networks to diversify content available on the top-end resolution TVs, they said Sunday.8K TVs offer four times the number of pixels as 4K screens, and 5G is the ultra-fast wireless network that rolled out i

South Korea on Thursday called for international cooperation to respond to a possible move by Japan to discharge contaminated water from its crippled Fukushima power plant into the Pacific Ocean.In a press conference held in Seoul, Choi Won-ho, the head of the Ministry of Science and ICT's big s

South Korea plans a record budget spending next year to help boost the country's exports, which have been lackluster for months in the face of growing trade frictions, such as that between the United States and China, the trade ministry said Friday. The budget of 1.07 trillion won (US$89

South Korea's current account surplus grew for a third consecutive month to a nine-month high in July on an increased trade surplus and a narrowing deficit in the service sector, central bank data showed Thursday. The country's current account surplus came to US$6.95 billion in the month, th

Daewoo Engineering & Construction Co., is the No. 5 builder in South Korea in terms of building capacity, said on Sept.2 that it has won a US$70.35 million order to build entrance roads in Al Faw, for a new port in Iraq.Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo E&C wil

South Korea's foreign currency reserves slightly dwindled from a month earlier in August largely due to the strengthening of the U.S. dollar, which led to a dip in the dollar value of other foreign currencies held by the country, the central bank said Wednesday.The country's foreign currency

South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish exports and government spending, the central bank said Tuesday.The country's gross domestic product (GDP) expanded 1 percent in the April-June period, rebounding from a 0.4 p

Banks in South Korea saw their financial health deteriorate slightly in the second quarter of this year as tighter credit-risk rules prompted them to set aside more capital for derivatives, data showed Monday.Under the Basel Committee's so-called standardized approach for measuring counterparty

South Korea is expected to put into effect its decision to drop Japan from a list of trusted trading partners later this month, Seoul's trade ministry said Sunday, amid a growing trade row between the two Asian neighbors.Early this month, the Seoul government decided to revamp the categorization

A sharp drop in prices of key raw materials, such as iron ore, is posing a quandary for South Korean steelmakers who are eager to raise prices of their steel products for the second half of the year, industry observers said Saturday.According to data from Korea Resources Corporation, the price of ir

South Korean firms may face non-tariff barriers following Britain's departure from the world's single largest economic bloc despite a new trade agreement between Seoul and London, a local think tank said Saturday.Last week, the two sides inked a free trade agreement (FTA) centered on maintai

South Korea's central bank has room for a further rate cut to deter a longer skid in Asia's fourth-largest economy, the bank's chief said Friday, with analysts eying a rate reduction in October.The Bank of Korea (BOK)'s monetary policy board voted to leave the bellwether rate steady,

South Korea's top financial regulator said Tuesday the government will expand financial support for companies hit by Japan's export restrictions if needed, as Tokyo's decision to drop Seoul from its list of trusted trading partners is set to take effect this week.Choi Jong-ku, chairman o

Samsung Electronics Co.'s presence in the Japanese smartphone market rose to the highest level in six years in the second quarter thanks to robust sales of new models, industry data showed Monday. The Korean tech giant shipped about 600,000 smartphones in Japan in the April-June period to take u

Hyundai Motor Co. said Friday it will provide five hydrogen-powered buses to the southern port city of Busan by October in a move to promote hydrogen-powered vehicles.The Busan metropolitan city is planning to establish 19 hydrogen charging stations by 2022 to make 4,500 hydrogen passenger cars and

International ratings agency Moody's on Friday slashed its forecast for South Korea's 2019 economic growth to 2 percent from the previous 2.1 percent.In a report, Moody's also cut its outlook for South Korea's economic growth for next year to 2.1 percent from 2.2 percent. "T

South Korea said Friday it will take steps to try to minimize any possible fallout from the trade row with Japan, which may further escalate down the road after its decision to terminate a military information-sharing pact with the neighbor."We will closely manage the situation to make sure that th