The Spectator

Tag : korea

Business

Korea Africa chart new course AI digital infrastructure summit

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South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development at the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. The upcoming ministerial gathering marks...
Business

Korea’s August exports jump 68.7% to $98.25 billion record trade

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South Korea's outbound shipments surged 68.7% year-on-year in August to reach $98.25 billion, driven by sustained global demand for high-performance memory chips and artificial intelligence infrastructure. Official data released by the Ministry of Trade, Industry...
Business

South Korea retail sales climb 5.6% in March

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SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based outlets and department stores benefited from seasonal demand. The Ministry...
Business

RideFlux wins South Korea’s first paid freight permit

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SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul and Jincheon. The Ministry of Land, Infrastructure and Transport said...
Business

UAE and Korea strengthen cooperation in energy and advanced industry

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SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber,...
Business

Korean online shopping hits $15.73 billion with food leading sales

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Online shopping in the Republic of Korea experienced a modest increase in April 2025, with sales rising 2.5 percent compared to the same period a year earlier. The steady growth was largely attributed to higher...