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August, 25, 2016

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Business > Asia > Korea
Vietnam's steel import volume experienced a modest year-on-year increase of 2 percent to 2.2 million tonnes, valued at US$1.5 billion, in the first quarter of 2014.
 
South Korea's central bank on Thursday kept interest rates at 2.5 percent for the 11th consecutive month, citing signs of recovery at home and abroad and uncertainty about the U.S. Federal Reserve's stimulus.
 
South Korea's unemployment rate fell to 3.5 percent in March thanks to new jobs created in agriculture and social services, state data showed Wednesday.
 
S. Korea signs free trade agreement with Australia
South Korea and Australia signed a free trade deal Tuesday which will scrap almost all tariffs within a decade while immediately lifting levies on some key exports, including South Korean cars and Australian wine.
 
South Korea's current account surplus widened to US$4.5 billion in February, as imports fell and a deficit in the services account narrowed, state data showed Monday.
 
South Korea's economy expanded 3.0 percent last, the central bank said Wednesday, better than a previous estimate as it was boosted by robust exports and growth in the manufacturing sector.
 
South Korea launched a gold trading exchange for the first time on Monday in a bid to help counter the country's burgeoning black market in the precious metal.
 
South Korea opened its tightly controlled gambling market Tuesday and approved a US$697 million investment plan by foreign investors to build the country's biggest casino town.
 
South Korean consumer prices rose 1.0 percent in February as stable prices of farm produce helped keep inflation in check, state data showed Tuesday.
 
South Korea's industrial output expanded for the fourth straight month in January, despite reduced working days caused by the Lunar New Year holiday, government data showed Friday.
 
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