Michael Na, Korea Strategist at Nomura, says the Middle East Respiratory Syndrome (MERS) outbreak is a "transitory issue" and the South Korean economy will recover in the second half of year.» Read More
Bilateral free trade agreements do not contradict efforts to forge a multilateral deal under the World Trade Organization but instead help fill key gaps, the European Union trade chief said Sunday in announcing the start of two-way negotiations with South Korea.
Strong domestic demand helped South Korea's economy grow 4% on year in the first quarter, steady from the annual growth rate set in the fourth quarter of 2006, meeting analysts expectations.
Shares of SK Corp., South Korea's biggest refiner, surged to a record high on Thursday as its plan to restructure into a holding company is expected to increase transparency in theconglomerate.
A major trade deal between the U.S. and South Korea received a mixed response as some business leaders and politicians complained it fell short on boosting U.S. auto and agriculture exports.
"Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."
With just minutes to spare on Monday, the United States and South Korea agreed the biggest U.S. trade pact for 15 years, officials said.
DBS Group Holdings, Southeast Asia's largest lender, is contacting investors to form a multinational consortium to buy Korea Exchange Bank from U.S. fund Lone Star, the Chosun Ilbo reported on Wednesday, citing unnamed sources.
South Korea's current account swung to the second-biggest surplus in 16 months in February from a deficit in January, central bank data showed on Wednesday, providing a potential boost to the won.
Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.
Arcelor Mittal, the world's biggest steel maker, could be interested in making a hostile takeover of South Korean steel maker POSCO, the Korea Economic Daily said on Friday.
Korea Exchange Bank fell as much as 4.4% during the intraday session on Tuesday, on worry regulators will review their approval of the lender's sale to Lone Star, but losses were pared on expectations a probe would be unlikely to strip the U.S. fund of its stake.
South Korean exports in January grew past market expectations on rebounding prices abroad for major products and despite worries about a sharper-than-expected deceleration in the U.S. economy, data showed on Thursday.
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