President Moon Jae-in has sacked Finance Minister and Deputy Prime Minister for Economic Affairs Kim Dong-yeon and Presidential Chief of Staff for Policy Jang Ha-sung.The two top economic policymakers led the nation’s economy for one year and six months since the inauguration of the incumbent govern
South Korean President Moon Jae-in will visit New York late this month to sign the revised KORUS FTA with U.S. President Donald Trump.Trump remarked on September 5 that the FTA will be signed during the regular session of the U.N. General Assembly scheduled for late this month. The two presidents wi
South Korean President Moon Jae-in said on August 25 that both the quantitative and qualitative sides of employment are improving in view of the number of employees, the employment rate, an increase in the number of full-time workers, and other data. He added that the government’s economic policy is
The local business circle said with one voice that it is hard to feel any changes in the government’s corporate policies. Although President Moon Jae-in offered friendly gestures toward the business community before and after his recent visit to India, the distance between the government and the cor
South Korea and India reached a comprehensive agreement on additional commodity and service market opening within the framework of the Comprehensive Economic Partnership Agreement (CEPA).According to the agreement, South Korea and India will open their agricultural and fisheries and petrochemical ma
South Korean President Moon Jae-in will meet with Samsung Electronics Vice Chairman Lee Jae-yong at a ceremony celebrating the completion of the company’s mobile phone and consumer electronics manufacturing plant in Noida, India on July 9. The President is currently staying in India with his economi
South Korean President Moon Jae-in visits Russia on June 21 for a summit with Russian President Vladimir Putin. Their summit is likely to focus on practical economic cooperation between the two countries and trilateral economic cooperation among the two Koreas and Russia.“Russia’s New Eastern Policy
The Export-Import Bank of Korea announced on June 5 that the state-run bank inked a loan grant contract with the Department of Finance of the Philippines on June 4 to support the Cebu New Port Construction Project with US$173 million in the Economic Development Cooperation Fund (EDCF) funds.The agre
The National Tax Service (NTS) has started a tax investigation into large businesses and rich people just two days after President Moon Jae-in called for combating offshore tax evasion.The NTS announced on May 16 that it has launched a tax probe into 50 large businesses and rich people that are susp