The South Korean government and auto industry voiced opposition to the US' proposed tariffs on imported cars, saying Korean cars do not pose a threat to US security and such measures could undermine the benefits of the recently revised bilateral trade deal.
Fourth largest South Korean-based automobile manufacturer, SsangYong Motor Company plans to build its first factory in Iran to produce Tivoli models, an official with Ramak Khodro car company announced.
South Korea will take proactive measures to boost exports to maintain growth momentum amid rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said on Tuesday.
The two Koreas Monday marked their war anniversary in a mood of detente, with Pyongyang dropping its customary anti-US rhetoric and Seoul saying talks have begun on moving the North's artillery back from the tense border.
The amount of payments made electronically in South Korea continued to rally in the first quarter of this year as a growing number of people are using mobile shopping and remittance services, central bank data showed on Monday.