OECD raises Korea’s growth forecast this year to 2.8%
The Organisation for Economic Co-operation and Development (OECD) has raised its economic growth forecast for Korea this year to 2.8% in its report "2022 OECD Economic...
Exports to China jump 162 times during 30 years of ties
Exports to China have skyrocketed 162-fold since Korea and China formed bilateral ties 30 years ago. Shown are Minister of Foreign Affairs Park Jin (left) and...
Video consultation on K-content exports hits record scale
A video consultation on Korean content exports was held from July 6-7 at the Seoul COEX in the city's Gangnam-gu District and jointly hosted by the Ministry of...
Job growth last month set 22-year high: Statistics Korea
Statistics Korea on June 15 in a report on May job trends said the number of employed last month rose 935,000 year on year to 28.48 million. Shown...
Per capita GNI last year rose 10.3% to USD 35,168
The Bank of Korea on March 3 in a preliminary report on gross national income (GNI) in the fourth quarter and all of last...
FDI last year jumped 42.3% to post record-high USD 29.51B
Jung Jong-young, director-general for investment policy at the Ministry of Trade, Industry and Energy, on Jan. 10 at Government Complex-Sejong gives a briefing on...
Agricultural, fishery food exports break USD 10B for first time
Visitors at the Meadowlands Exposition Center in Secaucus, New Jersey, in November last year try Korean cuisine at the food industry trade show Kosherfest 2021. (Ministry of...
BOK reaffirms 4% growth outlook citing exports, consumption rebound
Bank of Korea Deputy Gov. Lee Hwanseok on Nov. 25 speaks at a presentation on economic forecasts at the bank's headquarters in Seoul's Jung-gu District. (Screen capture from bank's...
Shipbuilders last month claim top world ranking with 52% of global orders
Korean shipbuilders last month received the most orders of any country in the sector. The photo shows a large container ship in February docked...
FDI from Jan. to Sept. sees 2nd-highest result, jumps 41.3%
Jung Jong-young, director general for investment policy at the Ministry of Trade, Industry and Energy, on Oct. 7 at Government Complex-Sejong gives a briefing on...
OECD raises Korea’s economic growth forecast to 4%
The Organisation for Economic Co-operation and Development (OECD) on Sept. 21 raised its forecast for Korea's economic growth this year to 4%. (Korea.net DB)
By Lee...
Current account in May posts 13th straight surplus with USD 10.8B
The Bank of Korea on July 7 said the current account surplus in May reached the provisional figure of USD 10.76 billion. Park Yang-su, director general...
Gov’t boosts this year’s growth forecast to 11-year high of 4.2%
Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki on June 28 speaks to a joint briefing on the government's economic policy for the...
Current account posts 11th straight month of surplus in March
The Bank of Korea on May 7 said the current account surplus reached USD 7.82 billion in March this year. Pictured are container ships...
30 years of Korea-Russia ties see 25-fold jump in trade, tourism
With this year marking the 30th anniversary of Korea's bilateral ties with Russia, the trade volume and the number of tourists between the two countries have jumped 25...
Biz sentiment in August rises for 4th consecutive month
The Bank of Korea on Aug. 26 said the business survey index of all industries in Korea rose to 66 this month, up four...
Korea rises to No. 6 on global auto sales list
The Korea Automobile Manufacturers Association announced on July 16 that its study of the world's top ten auto markets found that Korea jumped in...
Korea Brand & Entertainment Expo to be held online for 1st time
(From left to right) The K-pop group N. Flying (Yoo Hwe-seung and Lee Seung-hyub), Korea-Trade Investment Promotion Agency (KOTRA) President Kwon Pyung-oh, and the K-pop groups AOA (Ji-min and...
Korea to resume WTO complaint vs. Japan over export curbs
Na Seung-sik, deputy minister for trade and investment at the Ministry of Trade, Industry and Energy, on June 2 holds a media briefing on...
3 shipyards to build 100 LNG vessels for Qatar
Minister of Trade, Industry and Energy Sung Yun-mo (right) on June 1 poses with Hyundai Heavy Industries President Ka Sam-hyun in holding an agreement at...
