Edition:
United States

Joori Roh

South Korea's July exports record slowest decline in four months

Jul 31 2020

SEOUL South Korean exports fell the slowest in four months and beat market expectations, data showed on Saturday, a further sign a recovery in Asia's fourth-largest economy is gaining traction, although threats loom from global flare-ups in the COVID-19 pandemic.

Surge in damaged cash as worried South Koreans try to microwave the virus

Jul 31 2020

SEOUL Worried South Koreans are putting banknotes in their microwaves and washing machines, damaging the bills in their attempts to cleanse them of the coronavirus.

South Korea's June factory output jumps at fastest pace since 2009

Jul 30 2020

SEOUL South Korea's factory production jumped at the fastest rate in more than 11 years in June and much quicker than expected, data showed on Friday, adding to hopes that the worst of the coronavirus impact has passed.

Iran struggles to buy food in a world wary of touching its money

Jul 30 2020

LONDON/SAO PAULO/SEOUL Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it's a struggle.

South Korea's July exports seen falling for fifth month on weak global demand: Reuters poll

Jul 29 2020

SEOUL South Korea's exports likely contracted for a fifth straight month in July as global demand remained weak despite the easing of coronavirus-related lockdowns, a Reuters poll showed on Wednesday.

South Korea enters recession as exports plunge by most since 1963

Jul 22 2020

SEOUL South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories.

South Korea GDP poised for sharpest contraction in over 20 years in second quarter: Reuters poll

Jul 20 2020

SEOUL South Korea's economy likely saw its biggest contraction in over 20 years in the second quarter, a Reuters poll showed on Tuesday, as the coronavirus pandemic hit consumer spending, the labour market, and global demand for its exports.

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