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May, 31, 2016

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Business > Asia > Korea
South Korea and Australia signed Sunday a currency swap deal worth US$4.5 billion, Seoul's central bank said, in a move to boost trades and help curb currency swings.
 
The number of foreign tourists to Seoul surpassed 10 million last year to set a new high, a municipal report showed Thursday.
 
South Korea recorded its fastest growth since the first quarter of 2011, its central bank said Thursday, showing a recovery in Asia's fourth-largest economy is on track.
 
South Korea, already one of the most wired countries on earth, Wednesday announced a 1.6-trillion-won (US$1.5 billion) plan to roll out a next-generation 5G wireless service quick enough to download full-length films in a second.
 
15 million South Korean credit card users' data believed stolen
The victims of a recent information leak in South Korea from three credit card companies are believed to number about 15 million, officials and sources said Sunday.
 
The personal data of at least 20 million bank and credit card users in South Korea has been leaked, state regulators said Sunday, one of the country's biggest ever breaches.
 
South Korea's trade surplus widened to a new high of US$44.19 billion in 2013, helped by steady growth in exports, government data showed Wednesday.
 
South Korea's industrial output for November was unchanged from October as falling auto production offset the increase in memory chips and petrochemical products, state data showed Monday.
 
South Korea's central bank on Thursday kept its key interest rate unchanged at 2.5 percent for the seventh straight month as the economy shows signs of a moderate recovery while inflation remains tame.
 
South Korea's unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday.
 
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