Finance Forex

South Korea agrees to increase spending for American troops stationed there

SEOUL, South Korea — South Korea and the United States struck a new deal Sunday that increases Seoul’s contribution for the cost of the American military presence on its soil, overcoming previous failed negotiations that caused worries about their decades-long alliance. The development comes as President Donald Trump is set to hold his second summit […]

Finance Forex

South Korea signs deal to pay more for U.S. troops after Trump demand By Reuters

© Reuters. South Korean Foreign Minister Kang Kyung-wha, Betts, acting Deputy Assistant Secretary and Senior Advisor in the U.S. Department of State and South Korean Foreign Ministry’s representative Jang Won-sam during a meeting in Seoul By Hyonhee Shin and Josh Smith SEOUL (Reuters) – Officials signed a short-term agreement on Sunday to boost South Korea’s […]

Finance Forex

South Korean exports fall for 2nd straight month

SEOUL–South Korean exports shrank for the second straight month in January weighed by weaker prices for memory chips and petrochemicals. The soft result, which was widely expected, indicate that the trade-dependent Korean economy will have a challenging year, especially since semiconductor sales are still sluggish after the global tech cycle peaked last year and with […]