The country reported a trade deficit for four straight months for the first since the global crisis in 2008. The biggest factor in the increasing deficit is energy prices, with imports of fuels up about 89 percent.
The European Union is seeking to extend its safeguard measures against Korean steel products for another three-year period, industry sources said Wednesday.
Ryu Ki-jung, business representative and director at the Korea Enterprise Federation, and Lee Dong-ho, head of the Federation of Korean Trade Unions, sit next to each other at the government complex in Seoul Tuesday.
Korea JoongAng Daily Sitemap