Category: Korea
Korea to revise down its 2013 growth outlook
Korea plans to revise down its 2013 economic growth forecast as exports will likely lose steam amid the protracted eurozone debt crisis and China’s slowing economy, [...]
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Korea August exports fall again as global economy falters
South Korea said on Saturday exports in August set their sixth month of annual decline this year, the first evidence from an industrial powerhouse showing a sustained slump [...]
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Korea, US complete joint military drill
South Korea and the United States on Friday completed an annual joint military drill denounced by North Korea as a rehearsal for war. The computer-assisted simulation [...]
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Citibank Korea picked as best commercial bank
Citibank Korea was awarded Best Foreign Commercial Bank from Hong Kong-based magazine Finance Asia last month. This is the fifth consecutive year Citibank has won this award. [...]
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Korea exports fall for second month on Europe, won
South Korea’s exports fell for a second month as Europe’s debt crisis and gains in the won damped demand. Overseas shipments fell 6.2 percent in August from a [...]
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N Korea makes ‘significant’ nuclear reactor progress: IAEA
North Korea has made significant progress in the construction of a light water atomic reactor over the past year, a UN watchdog report said, a facility that may extend [...]
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N Korea needs more reform to win China investment: South
North Korea needs to make it far easier to invest in its destitute economy if it is to have much hope of tempting in Chinese money, South Korea’s central bank said on [...]
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N Korea may be facing new food crisis: Aid worker
North Korea could be heading towards a crisis similar to the 1990s when a million people are thought to have died after a series of natural disasters brought widespread [...]
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Korea industrial production slides as Europe hits exports
South Korea’s industrial production fell for a second month in July as a global slowdown undermines growth in Asia’s fourth-largest economy. Output fell 1.6 [...]
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Korean minister says spats shouldn’t mar trade
The latest flare-up of a territorial dispute between South Korea and Japan shouldn’t prevent economic cooperation between the two nations, Seoul’s finance [...]
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Korea hit by imports drop
South Korea’s imports fell nearly 6 per cent in July, the central bank said on Wednesday, highlighting flagging domestic demand that reflects the economic headwinds [...]
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Korea’s Hanwha buys German solar business
A struggling German solar business has been bought by a South Korean firm as the appetite of Asian companies for their western rivals shows no sign of letting up. Creditors [...]
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Korea current account surplus hits new record
South Korea’s current account surplus rose to a new record in July as falling world oil prices pushed down the value of imports, the central bank said Wednesday. The [...]
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Moody’s raises rating on Korea
Moody’s Investors Service MCO -0.18 percent Monday raised South Korea’s sovereign credit rating by one notch to Aa3, on par with that of China and Japan, citing [...]
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Korea aims to join global top 10 food exporters by 2020
Korea seeks to generate over $30 billion by 2020 from shipping a wide range of agricultural, fisheries and processed food products abroad, and emerge among the global top 10 [...]
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