The government plans to announce a comprehensive strategy aimed at expanding South Korea's exports of consumer goods within this year amid growing global demand for Korean food, beauty and fashion products, the trade ministry said on Wednesday.
The United States has turned down India's request for WTO consultations on the 50 per cent tariffs on copper and copper derivative products imposed by the Trump administration, claiming that the duties are not safeguard measures as claimed by New Delhi.
The US Federal Reserve on Wednesday lowered its benchmark lending rate by a quarter percentage point, bringing the target range to 3.75 per cent to 4 per cent, as policymakers grapple with limited economic data due to a federal government shutdown.
South Korea and the United States signed an agreement on Wednesday to cooperate in artificial intelligence (AI), space and other areas on the sidelines of the Asia-Pacific Economic Cooperation (APEC) gathering underway in the southeastern city of Gyeongju.
