S.Korea Aug factory activity shrinks by most in two years – PMI
SEOUL, Sep 1 (Reuters) – South Korea’s factory activity shrank in August by the sharpest pace in two years, on weakening demand amid high inflation, …
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S.Korea revised Q2 GDP rises 0.7% q/q, in line with earlier estimate
SEOUL (Reuters) – South Korea’s economy grew in the second quarter by a seasonally adjusted 0.7% from the previous quarter, revised central bank data showed …
Residents complain of noise, danger as U.S. troops practice in S.Korea
By Josh Smith POCHEON, South Korea (Reuters) – South Korea and the United States have vowed to step up joint military training to deter North …
S.Korea inspecting stock short-selling, starting with Morgan Stanley
SEOUL (Reuters) – South Korea’s financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as …
S.Korea seeks cooperation with EU over U.S. Inflation Reduction Act
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea will seek cooperation with the European Union over the U.S. Inflation Reduction Act that …
S.Korea to review filing WTO complaint over U.S. Inflation Reduction Act -industry minister
SEOUL (Reuters) – South Korea will review whether to file a complaint at the World Trade Organization (WTO) over the U.S. Inflation Reduction Act, citing …
S.Korea finance ministry warns growth may slow, exports face growing downside risks
SEOUL (Reuters) – South Korea’s finance ministry on Friday warned economic growth could slow on increasing downside risks for exports. “It is concerning that economic …
S.Korea to attend preliminary meeting of U.S.-led chipmaker group
SEOUL (Reuters) – South Korea is expected to attend a preliminary meeting for a U.S.-led group of major microchip manufacturers including Taiwan and Japan, South …
North Korea denounces Pelosi for deterrence talks during S.Korea visit
SEOUL – North Korea denounced U.S. House of Representatives Speaker Nancy Pelosi on Saturday for supporting deterrence against North Korea during her visit to South …
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two …
S.Korea fin min: inflation seen peaking by Sept-Oct
SEOUL – South Korean inflation is seen reaching its peak by September or October unless there are price surges again for such items as oil …
U.S. helicopters hold first live-fire drills in S.Korea since 2019
By Josh Smith SEOUL -U.S. Army Apache attack helicopters based in South Korea are holding live-fire drills with rockets and guns for the first time …
S.Korea to cut taxes for companies, workers and retail investors
By Jihoon Lee and Cynthia Kim SEOUL – South Korea on Thursday proposed a series of tax cuts for companies, workers and retail investors in …
Hyundai Motor, S.Korea union reach tentative wage deal
By Jihoon Lee and Heekyong Yang SEOUL -Hyundai Motor said on Tuesday it has reached a tentative wage deal with its South Korean labour union, …
S.Korea policymakers to closely monitor impact of rising interest rates
SEOUL – South Korea’s finance ministry and central bank said on Monday they had agreed to cooperate in minimizing adverse risks of rising interest rates …
S.Korea authorises AstraZeneca COVID therapy Evusheld for vulnerable people
SEOUL – South Korea on Thursday authorised AstraZeneca PLC’s antibody-based therapy for preventing COVID-19 infection in people with a poor immune response, increasing its options …
S.Korea approves first domestically developed COVID vaccine
SEOUL – South Korea approved its first domestically developed COVID-19 vaccine, manufactured by SK bioscience Co Ltd, for general public use following positive clinical data, …
S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
SEOUL – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed …
S.Korea POSCO to halt some plants due to trucker strike -company spokesperson
SEOUL – South Korea’s POSCO said on Sunday it plans to halt production at some of its plants in the country from Monday due to …
S.Korea plans to manage steel scrap as strategic asset as prices surge
SEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on …
S.Korea Q1 GDP growth revised slightly down to 0.6%
SEOUL – South Korea’s economy grew by a seasonally adjusted 0.6% in the first quarter from three months earlier, slightly lower than 0.7% growth estimated …
S.Korea May inflation hits near 14-yr high, beats expectations
By Jihoon Lee and Choonsik Yoo SEOUL -South Korea’s consumer inflation picked up more than expected in May to a near 14-year high on a …
S.Korea export growth seen rebounding in May; inflation tops 5%- Reuters poll
By Jihoon Lee SEOUL – South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red, while …
Having shipped artillery shells to Ukraine, Canada asks S.Korea for more
By Soo-hyang Choi SEOUL – Canada has asked South Korea to supply it with artillery rounds, Seoul said on Monday, apparently to “backfill” supplies that …
Hyundai Motor Group to invest $50 billion in S.Korea through 2025
SEOUL – Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its …
Biden Secret Service agents sent home after drunk assault report in S.Korea
By Trevor Hunnicutt and Joori Roh SEOUL -Two U.S. Secret Service agents who were working on Joe Biden’s trip to Asia are being sent home …
S.Korea April unemployment rate stays at historical low for 3rd month
SEOUL – South Korea’s unemployment rate remained at a historical low for a third month in April, while the number of people employed increased for …
S.Korea April FX reserves fall on stronger dollar, intervention
SEOUL – South Korea’s foreign exchange reserves measured in U.S. dollars shrank by the most in more than two years in April on the dollar’s …
S.Korea April export growth to hit 14-mth low; inflation near 11-yr high: Reuters poll
By Jihoon Lee SEOUL – South Korea’s exports are expected to have posted their slowest growth in 14 months in April while consumer inflation is …
S.Korea Q1 GDP growth slows, China risks cloud outlook
By Jihoon Lee SEOUL -South Korea’s economic growth nearly halved in the first quarter from the preceding three months on coronavirus curbs and surging inflation, …
S.Korea to lobby for inclusion in MSCI developed market index
By Jihoon Lee and Yena Park SEOUL -South Korea’s finance minister will lobby for the country to be included in the Morgan Stanley Capital International …
S.Korea factory growth slows in March as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity slowed in March, as the economic fallout from the Ukraine war added strains to firms already struggling with supply …
S.Korea says N.Korea staged ‘largest ICBM’ fakery to recover from failed test
By Hyonhee Shin and Josh Smith SEOUL – South Korea’s military has said North Korea’s largest missile test yet used an older, smaller intercontinental ballistic …
Telemedicine booms in S.Korea amid COVID, President-elect Yoon backs practice
By Joori Roh SEOUL – Kim Jin-woo, a 27-year old resident of Seoul battling COVID-19 and recovering at home under a new government policy, needed …
S.Korea repatriates N.Korea sailors, seized boat after border crossing
By Hyonhee Shin SEOUL – South Korea’s military said on Wednesday it had sent back all seven North Korean sailors who were aboard a ship …
S.Korea ruling party leader hospitalised after attack at rally- Yonhap
SEOUL – South Korea’s ruling party leader, Song Young-gil, was hospitalised on Monday after being attacked by a stranger with an unknown object while campaigning …
S.Korea will implement export controls against Belarus over support to Russia
By Josh Smith SEOUL – South Korea will implement export controls against Belarus for “effectively supporting the Russian invasion of Ukraine”, Seoul’s foreign ministry said …
S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis
By Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for …
In unaffordable Seoul, housing is at the centre of the S.Korea election
By Cynthia Kim and Joori Roh SEOUL – Lee Jae-hong would have had no trouble buying a home in the suburb of Ilsan on the …
S.Korea exports to rise for 16th month in Feb; CPI seen up 3.5% – Reuters poll
SEOUL – South Korea’s exports likely increased for a 16th month in February, and at a faster pace, a Reuters poll showed on Friday, though …
S.Korea surpasses 1 million total COVID cases with daily record
SEOUL -South Korea on Sunday surpassed one million cumulative COVID-19 cases since the pandemic began, as health officials reported a daily record of 38,691 new …