Monthly trade infographics
Economy
Korea’s Q1 economic contraction adds to stimulus expectations
Apr 24, 2025 (Gmt+09:00)
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Economy
Trump’s tariffs are hitting exports, early Korean data show
The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul pr...
Apr 23, 2025 (Gmt+09:00)
1 Min read -
Travel & Leisure
Korean hotels bask in rising foreign visitors; travel agencies in trouble
Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from a...
Apr 22, 2025 (Gmt+09:00)
2 Min read -
Automobiles
Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown
Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope ...
Apr 20, 2025 (Gmt+09:00)
4 Min read -
Automobiles
Hyundai chief Chung, GM CEO Barra to meet September in Detroit
Hyundai Motor Group Executive Chairman Chung Euisun and General Motors Co. Chair and Chief Executive Mary Barra are slated to meet in September in De...
Apr 09, 2025 (Gmt+09:00)
2 Min read -
Business & Politics
Korean court reinstates impeached PM Han as acting president
South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as act...
Mar 24, 2025 (Gmt+09:00)
3 Min read -
Business & Politics
US Chamber of Commerce sees Korea’s business penalties as trade barrier
The US Chamber of Commerce, the country’s largest lobbying group, told Washington that South Korea’s penalties on businesspeople are amon...
Mar 23, 2025 (Gmt+09:00)
4 Min read -
Business & Politics
Korea sees record February auto exports before looming Trump tariffs
South Korea enjoyed record February auto exports on strong demand in the US ahead of its looming tariffs, the government said on Tuesday, while the d...
Mar 18, 2025 (Gmt+09:00)
2 Min read -
Shipping & Shipbuilding
Korea, US to expand cooperation in shipbuilding sector
WASHINGTON -- South Korea and the US plan to set up a working group to expand their cooperation in the shipbuilding industry from warships to commerc...
Mar 02, 2025 (Gmt+09:00)
4 Min read -
Economy
Korea’s weak exports add to Trump tariff risk woes
South Korea’s exports in the first two months skidded as sales to the world’s two largest economies China and the US fell, adding to conc...
Mar 02, 2025 (Gmt+09:00)
2 Min read -
Central bank
Bank of Korea cuts rates, growth forecast on Trump tariff policy
South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fol...
Feb 25, 2025 (Gmt+09:00)
4 Min read -
Shipping & Shipbuilding
Korean shipbuilders to benefit from rising LNG, oil tanker demand
South Korean shipbuilders are expected to benefit from a potential surge in demand for liquefied natural gas (LNG) and crude oil carriers as US Presi...
Feb 17, 2025 (Gmt+09:00)
2 Min read -
Korean chipmakers
Magnachip, up for sale again, contacts Samsung, LG, LX
South Korean chipmaker Magnachip Semiconductor Corp. is on the market again four years after the US blocked a takeover by a Chinese private equity fi...
Feb 02, 2025 (Gmt+09:00)
2 Min read -
Economy
Korean exports snap 15 months of gains in Jan despite higher chip sales
South Korea’s exports dropped in January on-year for the first time in 16 months due to more holiday days in the month, although overseas sales...
Feb 02, 2025 (Gmt+09:00)
2 Min read -
Central bank
BOK lowers growth forecasts to bolster rate cut expectations
South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rates...
Jan 20, 2025 (Gmt+09:00)
3 Min read -
Automobiles
Hyundai Mobis to boost US production to cope with Trump
LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Don...
Jan 12, 2025 (Gmt+09:00)
2 Min read -
Business & Politics
Korea sharply cuts 2025 growth forecast, opens door for extra budget
South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’s...
Jan 02, 2025 (Gmt+09:00)
4 Min read -
Economy
South Korea jumps to world’s No. 6 exporter; 2025 outlook dims
South Korea has sharply narrowed the gap in export value with Japan to a record low of $20.2 billion so far this year. But the country’s export...
Dec 29, 2024 (Gmt+09:00)
4 Min read -
Business & Politics
Korea’s Shinsegae chairman dines with Trump at Mar-a-Lago
Chung Yong-jin, the chairman of South Korea’s retail giant Shinsegae Group, held talks with US President-elect Donald Trump, becoming Korea's f...
Dec 22, 2024 (Gmt+09:00)
2 Min read -
Central bank
BOK makes 1st back-to-back rate cut since 2009 global crisis
South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anoth...
Nov 28, 2024 (Gmt+09:00)
3 Min read -
Electric vehicles
Hyundai premieres IONIQ 9 to be made in US, Korea
LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker’s first large elec...
Nov 21, 2024 (Gmt+09:00)
4 Min read -
Business & Politics
Korea mulls raising US oil imports to cope with Trump trade policies
South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect ...
Nov 20, 2024 (Gmt+09:00)
4 Min read -
Steel
POSCO shutters wire rod mill in Korea on supply glut
POSCO, the world’s seventh-largest steelmaker, said on Tuesday it has shut down a wire rod mill in South Korea as rising exports from China hav...
Nov 20, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
First Korean American US Senator vows to cement Seoul-Washington ties
NEW YORK – Democratic US Representative Andy Kim, the first Korean American elected to the US Senate, has pledged to strengthen the relationshi...
Nov 07, 2024 (Gmt+09:00)
3 Min read -
Economy
Korea’s export growth at 7-month low amid growing external risk
South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, stoking concerns...
Nov 01, 2024 (Gmt+09:00)
2 Min read -
Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products ...
Jun 28, 2024 (Gmt+09:00)
2 Min read -
Bio & Pharma
SK Biopharm mulls acquiring firms, drug sales rights in US
SAN DIEGO, California -- South Korea’s SK Biopharmaceuticals Co. is considering acquiring firms in the US, or the sales rights to some of their...
Jun 07, 2024 (Gmt+09:00)
3 Min read -
Batteries
Korea’s EcoPro invests $11 mn in Indonesian nickel smelter
South Korea’s leading electric vehicle battery materials producer EcoPro Group is expanding its investment in Indonesia for stable procurements...
Mar 25, 2024 (Gmt+09:00)
2 Min read -
Electronics
Samsung Display surrenders foldable screen throne to BOE
Chinese smartphone manufacturers’ aggressive push for foldable models has threatened the dominance of Samsung Electronics Co., the world’...
Mar 15, 2024 (Gmt+09:00)
2 Min read -
Steel
Korean steelmakers to raise prices further
South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut losses amid surging c...
Feb 05, 2024 (Gmt+09:00)
1 Min read
Latest News
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- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand