Korea’s exports decline 16.6% in January
The Ministry of Trade, Industry and Energy announced on February 1 that Korea’s exports in January fell 16.6 percent year-on-year to USD 46.3 billion. Imports also shrank 2.6 percent to…
February 1, 2023
BIS economist says weak dollar could provide boon for S. Korea’s trade
SEOUL-- A weak dollar could serve as a boon for South Korea's trade going forward as it provides better financing conditions for businesses, an economist at the Bank for Intentional…
Renault Korea’s Jan. sales fall 25 pct on weak demand
SEOUL-- Renault Korea Motors, the South Korean unit of Renault S.A., said Wednesday its sales fell 25 percent last month from a year earlier on weak domestic demand for its…
GM Korea’s Jan. sales rise 26 pct on strong exports
SEOUL-- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its sales rose 26 percent last month from a year earlier on strong exports.GM Korea sold…
Pentagon releases Korean version of Nuclear Policy Review
WASHINGTON-- The U.S. Department of Defense has released a Korean-language version of its nuclear policy document published last year, amid a debate in South Korea over whether Seoul needs to…
Amorepacific Group 2022 net profit down 48.9 pct to 149.2 bln won
SEOUL-- Amorepacific Group on Wednesday reported its 2022 net profit of 149.2 billion won (US$121.2 million), down 48.9 percent from a year earlier.Operating profit for the year was 271.9 billion…