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Last updated: 21 May, 2025  
 Global Business


South Korea's economy shrinks 0.2 pc in Q1
IANS | 05 Jun, 2025
The South Korean economy contracted 0.2 per cent in the first quarter of this year, unchanged from an earlier estimate, central bank data showed Thursday, due mainly to a domestic political crisis and uncertainties stemming from U.S. President Donald Trump's administration's aggressive tariff scheme
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Reviving economy top agenda for Lee amid US tariffs, weak domestic demand
IANS | 04 Jun, 2025
Facing the dual challenges of the United States' aggressive tariff scheme and sluggish domestic demand, President-elect Lee Jae-myung is expected to prioritise securing a favourable trade deal with Washington and implementing measures to revitalise the stagnant economy through supplementary budgets and the promotion of advanced industries, experts said on Wednesday.
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41 conglomerates under tight scrutiny on heavy debts: South Korea
IANS | 29 May, 2025
South Korea's financial watchdog said on Thursday it has placed 41 highly indebted conglomerates under closer watch for debt reductions.
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US calls for 'fair and reciprocal' trade access in talks with India
IANS | 29 May, 2025
A senior US diplomat stressed the importance of "fair and reciprocal market access" in discussions with his Indian counterpart, who came amidst ongoing talks on a trade agreement between the two sides.
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South Korean, Japanese biz leaders agree to boost cooperation in AI, chips
IANS | 28 May, 2025
Business leaders of South Korea and Japan on Wednesday agreed to expand bilateral cooperation in artificial intelligence (AI), semiconductors and other key sectors while supporting Seoul's efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
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Banks' lending rates down in South Korea amid monetary easing cycle
IANS | 27 May, 2025
Banks' loan rates fell for the fifth straight month in April, data showed on Tuesday, as the central bank has been on a monetary easing cycle.
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After India's objections, IMF justifies bailout package to Pakistan
IANS | 23 May, 2025
Amid India’s objections to the International Monetary Fund bailout package to Pakistan, the IMF has said the debt-ridden country "met all the required targets" to receive the latest loan instalment.
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S. Korea has competitive edge over China in UAE high-speed railway bid
IANS | 22 May, 2025
The South Korean consortium has a competitive advantage in technology transfer over its Chinese rival as it vies to win the United Arab Emirates' (UAE) high-speed railway project, estimated to cost $13.6 billion, Seoul's transport minister said.
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South Korea, US to hold 2nd round of tariff talks in Washington this week
IANS | 19 May, 2025
South Korea and the United States are scheduled to hold a second round of technical discussions in Washington this week regarding the latter's sweeping tariff scheme, as the two sides are working toward forging a "package" deal by early July, officials said on Monday.
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South Korea holds bilateral trade talks with 14 partners at APEC meeting
IANS | 17 May, 2025
South Korea has discussed ways of enhancing bilateral economic and trade cooperation with the United States, China, Japan and several other partner nations on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting amid heightened uncertainties in the global economic and trade landscape, the industry ministry said.
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  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
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