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Korea’s foreign reserves shrink in May

05-Jun-2012 Intellasia | Korea Herald | 7:01 AM

South Korea’s foreign exchange reserves shrank in May from a record high reached in the previous month as a weaker euro and a softer British pound reduced the [...]
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Korea to focus more on boosting growth, finance minister says

05-Jun-2012 Intellasia | Business Week | 7:01 AM

South Korea will focus policy efforts more on boosting economic growth and allocate additional state funds to support small companies and exporters, Finance minister Bahk Jae [...]
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Korea’s GDP by purchasing power tops $30000, think tank says

05-Jun-2012 Intellasia | Korea Herald | 7:01 AM

South Korea is about to join the ranks of advanced countries in terms of gross domestic product based on purchasing power parity, a local think tank said Sunday in a report [...]
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S Africa backs out of Korea KT partnership

S Africa backs out of Korea KT partnership

04-Jun-2012 Intellasia | AFP | 7:01 AM

South Africa’s fixed line operator Telkom on Friday announced that plans for a partnership with South Korea’s telecom operator KT will not go ahead after Pretoria [...]
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Korea backpedals in tax cut race

04-Jun-2012 Intellasia | koreatimes.co.k | 7:01 AM

President Lee Myung-bak had pledged to cut corporate income tax as a campaign promise five years ago to encourage businesses to invest more and create jobs. But this has [...]
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Korean auto sales gain 8.9 pct in May

Korean auto sales gain 8.9 pct in May

04-Jun-2012 Intellasia | Yonhap | 7:01 AM

Sales of South Korea’s five automakers, led by market leader Hyundai Motor Co., increased 8.9 percent on-year in May, fueled by brisk overseas demand, industry data [...]
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US general admits blunder over N Korea comments

US general admits blunder over N Korea comments

02-Jun-2012 Intellasia | AFP | 7:01 AM

A US general has admitted he was partly at fault for incorrect news reports that US special forces have been infiltrating communist North Korea. The US military previously [...]
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Korea May inflation steady, core inflation eases

Korea May inflation steady, core inflation eases

02-Jun-2012 Intellasia | Reuters | 7:01 AM

South Korea’s annual inflation held steady in May but core inflation dipped to an 18-month low, allowing policymakers to focus on dealing with the slowing growth in [...]
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Korea’s May crude imports up 12.1 pct y/y – prelim data

02-Jun-2012 Intellasia | Reuters | 7:01 AM

South Korea’s crude oil imports in May rose 12.1 percent from a year earlier, preliminary customs figures released by the economy ministry showed on Friday. Final [...]
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Korea police arrest two for spying for North

Korea police arrest two for spying for North

02-Jun-2012 Intellasia | AFP | 7:01 AM

Two people including a Korean businessperson in New Zealand have been arrested on suspicion of collecting intelligence on military equipment for North Korea, police said [...]
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Posco and GE sign cooperation deal

Posco and GE sign cooperation deal

02-Jun-2012 Intellasia | AFP | 7:01 AM

South Korea’s Posco, the world’s third-largest steelmaker by output, said Thursday it had signed an agreement with US giant general Electric to cooperate in [...]
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Korea exports fall 0.4pct in May for third monthly drop

02-Jun-2012 Intellasia | Bloomberg | 7:01 AM

South Korea’s exports declined for a third month in May, adding pressure on the central bank to hold off from raising interest rates at a meeting next week. Overseas [...]
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US slaps as much as 71pct tax on Korea washers

01-Jun-2012 Intellasia | Business Week | 7:01 AM

The US Commerce Department told Daewoo Electronics Corp. to pay a 71 percent import duty on large, residential washing machines made in South Korea, after the company [...]
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New N Korea constitution proclaims nuclear status

New N Korea constitution proclaims nuclear status

01-Jun-2012 Intellasia | AFP | 7:01 AM

North Korea’s new constitution proclaims its status as a nuclear-armed nation, complicating international efforts to persuade Pyongyang to abandon atomic weapons, [...]
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5 engineers indicted for attempting to cover up blackout at nuclear plant

01-Jun-2012 Intellasia | Korea Times | 7:01 AM

Five senior engineers at the Gori-1 nuclear power plant were indicted Wednesday for allegedly attempting to cover up a blackout at the oldest nuclear facility in South Korea [...]
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