S.Korea posts record exports in September, longest run of growth in 6 years

By Cynthia Kim SEOUL, Oct 1 : Higher memory chip and steel product sales helped South Korea’s exports surge 35 percent year-on-year to a record $55.1 billion in September, notching a ninth consecutive month of double-digit growth and the longest stretch of expansion since 2011. While normalizing global demand boosted exports, South Korea’s trade minister […]

S.Korea to offer tax help, loans to firms hit by China reprisals

By Cynthia Kim SEOUL, Sept 28 : South Korea said it will offer tax and loan concessions to companies whose businesses have suffered amid a dispute with China over Seoul’s deployment of a powerful missile defence system. The government plans to allow South Korean duty-free firms and retailers operating in China to defer all or […]

Supporters of S.Korea ex-leader Park ask U.N. body to probe her detention conditions

By Joyce Lee SEOUL, Sept 26 : Supporters of former South Korean president Park Geun-hye have asked a United Nations body to investigate whether her detention during her corruption trial was preventing Park from getting proper medical treatment, a barrister said on Tuesday. Park, ousted earlier this year and in detention since March, is undergoing […]

SKorea, US fail to reach agreement on possible revision to FTA deal

By Jane Chung SEOUL, Aug 22 : South Korean and US officials failed to agree today on how to move forward on discussions over their five-year-old free trade agreement that Washington is seeking to change to help cut its trade deficit with Asia’s fourth-largest economy. US President Donald Trump, in an interview with Reuters in […]

S.Korea July exports surge in longest expansion since 2011

By Cynthia Kim SEOUL, Aug 1 : South Korea’s exports grew strongly in July to post the longest stretch of expansion in five and a half years, led by shipments of memory chips and electronic storage devices. July exports data from South Korea, one of the first major exporting nations to publish monthly trade figures, […]

SKorea police raid Korean Air headquarters over chief’s decorating bill

By Joyce Lee SEOUL, Jul 7 : Police raided the headquarters of Korean Air Lines Co Ltd today as part of an investigation into allegations that company funds were used to pay for construction work at the home of Chairman Cho Yang-ho. The firm is suspected of masking interior decoration costs at Cho’s private home […]