Morocco’s state-owned rail operator ONCF said on Wednesday France’s Alstom, Spain’s Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem had won tenders to supply 168 …
BOK slashes S. Korea’s 2025 growth outlook to 1.5 pct from 1.9 pct
The Bank of Korea (BOK) on Tuesday sharply lowered its outlook for South Korea’s economic growth this year to 1.5 percent amid slowing export growth and weak domestic demand. The latest figure marks a …
South Korea imposes 3-month ban on Upbit servicing new clients
The South Korean Financial Intelligence Unit has imposed a three-month ban on crypto deposits and withdrawals for new Upbit customers. The South Korean cryptocurrency exchange also emphasized that the …
(LEAD) BOK slashes S. Korea’s 2025 growth outlook to 1.5 pct from 1.9 pct
The Bank of Korea (BOK) on Tuesday sharply lowered its outlook for South Korea’s economic growth this year to 1.5 percent as the country is facing a political chaos and the Donald Trump administration …
S. Korean business delegation calls meeting with U.S. commerce chief ‘productive’ amid investment reports
A visiting South Korean business delegation said Monday that last week’s meeting with newly appointed U.S. Secretary of Commerce Howard Lutnick was “productive,” following reports that discussions …
Vietnam Hits China With Steel Tariffs to Fight Surging Exports
Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.
KEF releases annual English handbook on S. Korean business environment
The Korea Enterprises Federation (KEF) said Monday it has released an annual English handbook on South Korea’s latest business and labor market environment. The KEF said the handbook, titled 2025 …
Bangladesh Shipping Corporation to buy South Korean container vessels for $330.3 million
A concept paper has been signed with Korea’s Economic Development Cooperation Fund (EDCF), which is currently conducting a feasibility study.
Tighter loan rules sought as South Korea’s household debt hits record
Too much debt is burdening the country’s housing market. Regulators should consider tightening loan rules amidst the rising number of repossessed properties in South Korea, where household debt rose …
Seoul asks U.S. to exclude S. Korea from new tariff scheme: trade ministry
South Korea’s Deputy Trade Minister Park Jong-won has filed a request with the U.S. government to leave South Korea out of its new import tariff plans, highlighting the Korea-U.S. free trade agreement …