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Korea, Indonesia sign 16 biz deals in Jakarta

Korea and Indonesia clinched a total of 16 deals at the business round table held Thursday in Jakarta, boosting cooperation on advanced technology and...

Demand for private education defies Korea’s declining demographics

Despite decaying demographics, Koreans are spending more on private education and opening more cram schools. There were 109,488 cram schools and private study rooms in...

Korea’s GDP up 0.6% in Q2 despite export decline

Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate. Second-quarter expansion was...

Korea logs $870M trade surplus in August

Korea reported a third consecutive month of trade surpluses in August. Exports fell for 11 months straight, but imports plunged further on the fall of...

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation. Korea’s inflation fell below 3 percent in June and July, but torrential downpour, extreme...

Student population in Korea hits new low as 18-year decline continues

The total number of K-12 students in Korea has hit its lowest level since modern records began, reflecting the drastic decline of the country's...

Korea’s export value index falls for 10th consecutive month

Korea’s export value index plunged by 15.8 percent in July from a year earlier, falling for 10 consecutive months, Bank of Korea data showed...

Culture Ministry hosts events overseas to attract tourists to Korea

Korea is hosting a number of K-culture events overseas, including in India, Germany and Indonesia, to attract more tourists to Korea, the Ministry of...

Disney+ struggles to grow share in Korean market

When Disney+ was first launched in Korea in November 2021, Star Wars, Marvel and animation fans were thrilled to dig into a treasure trove...

Korea looking to accelerate nuclear power exports

Korea is on a quest to find new markets for its nuclear power plant exports as more countries, including the Netherlands, Canada and the...

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