Seoul, Feb 18 (IANS) Volatility in the foreign exchange (FX) market and the United States’ tariff policies pose the biggest risks for South Korean exporters, the companies said in a survey released on Wednesday.In the survey conducted on 1,193 export firms here by the Korea International Trade Association (KITA), 28.6 per cent said their business environment in 2026 would be similar to that of last year, while 31.1 per cent expected improvements and 30.3 percent anticipated worsened conditions, …
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Seoul, Jan 13 (IANS) Around 40 per cent of South Korean manufacturers expect economic conditions to deteriorate this year amid increased volatility in the foreign exchange (FX) market, a poll showed on Tuesday.According to the poll conducted recently by the Korea Chamber of Commerce and Industry (KCCI) on 2,208 manufacturing firms, a total of 40.1 percent of respondents said they expect a deterioration in economic conditions, reports Yonhap news agency.In detail, 14.7 per cent of respondents poi…
Seoul, Jan 9 (IANS) The government on Friday announced a comprehensive road map aimed at securing South Korea’s inclusion in the developed market index of global index provider Morgan Stanley Capital International (MSCI), including plans to operate the country’s foreign exchange (FX) market on a 24-hour basis.The plan represents the government’s latest effort to address the so-called “Korea discount,” under which local shares trade at valuations below their fundamentals, and to position South Ko…
Seoul, Jan 2 (IANS) Bank of Korea (BOK) Governor Rhee Chang-yong on Friday projected the economy, when excluding the information technology (IT) sector, to grow 1.4 percent this year, forecasting widening disparities across sectors.”The IT sector is expected to lead growth this year on the back of a global semiconductor upcycle. If we exclude its contribution, economic growth would be limited to 1.4 percent,” Rhee said in his New Year’s address, reports Yonhap news agency.In its latest outlook r…