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S. Korean workers for USFK plan to strike in late April

SEOUL, April 2 (Yonhap) -- South Korean workers employed by U.S. forces here plan to stage a general strike later this month to protest a wage freeze and demand improvement in working conditions, their union said Wednesday. The workers' union said that they will walk off their jobs and hold nationwide rallies around April 21 to coincide with U.S. President Barack Obama's planned visit to South Korea. The strike is subject to a vote by unionized workers.

S. Korean workers for USFK plan to strike in late April

SEOUL, April 2 (Yonhap) -- South Korean workers employed by U.S. forces here plan to stage a general strike later this month to protest a wage freeze and demand improvement in working conditions, their union said Wednesday. The workers' union said that they will walk off their jobs and hold nationwide rallies around April 21 to coincide with U.S. President Barack Obama's planned visit to South Korea. The strike is subject to a vote by unionized workers.

South Korea exports show global demand picking up but China a worry

By Se Young Lee SEOUL (Reuters) - Advanced economies stepped up their purchases of goods from South Korea last month, data showed on Tuesday, a hopeful sign global consumption will underpin Asia's export-reliant economies even as slackening demand in China drags on regional growth. Encouragingly, the South Korean exports data for March showed consumers were in good heart in the United States and backs the Federal Reserve's optimism the world's biggest economy is on a firmer footing.

South Korea says March exports to U.S., EU grow sharply vs. year ago

SEOUL (Reuters) - South Korea's exports to the United States and the European Union grew sharply in March over a year earlier but shipments to its largest market of China posted only a modest increase, government data showed on Tuesday. March exports to the U.S. rose by an annual 17.0 percent and those to the EU by 15.2 percent, while shipments to China increased by 4.5 percent, the Ministry of Trade, Industry and Energy said in a statement. (Reporting by Se Young Lee; Editing by Choonsik Yoo)

S. Korea's overseas construction orders jump 31 pct in Q1

SEJONG, March 31 (Yonhap) -- Overseas construction orders clenched by South Korean builders jumped more than 30 percent in the first quarter from a year earlier on a significant rise in the number of orders for industrial plants, the government said Monday. In the first three months of the year, overseas orders reached US$17.6 billion, up 31 percent from the same period last year, according to the Ministry of Land, Infrastructure and Transport. The amount marks the second highest on record for the January-March period.

S. Korea, Mexico to launch economic cooperation committee

SEJONG, March 31 (Yonhap) -- South Korea and Mexico have agreed to launch a committee to beef up bilateral economic cooperation, the finance ministry said Monday. The agreement was reached in Brazil on Sunday (local time) between Finance Minister Hyun Oh-seok and his Mexican counterpart, Luis Videgaray. They were attending an annual meeting of the Inter-American Development Bank. The so-called economic cooperation committee will be launched in the second half of this year at the earliest and take comprehensive government-level cooperation measures, the ministry said.

Over 12 pct of S. Korean population aged 65 or older: data

SEJONG, March 27 (Yonhap) -- Senior citizens in South Korea accounted for more than 12 percent of the country's total population last year, data showed Thursday, indicating that population is aging at a fast pace. According to the data by Statistics Korea, 12.2 percent of the country's 50.2 million population were aged 65 or older in 2013, which is higher than the 11.8 percent tallied in 2012 and much higher than 3.8 percent in 1980. The agency expected that percentage to further increase to 24.3 percent by 2030 and 32.3 percent by 2040, respectively.

S. Korea's trade volume more than doubles since first FTA

SEJONG, March 27 (Yonhap) -- South Korea's trade volume has more than doubled in the 10 years since the country implemented its first-ever free trade agreement (FTA) with Chile, a local trade organization said Thursday. The country enacted its FTA with Chile 10 years ago on April 1. The deal had prompted a wide range of concerns at the time over the possible fallout for the country's farmers and agricultural market, along with much doubt over its much-advertised benefits.

S. Korea's economy remains on recovery track: minister

SEJONG, March 26 (Yonhap) -- South Korea's economy remains on a recovery track, with employment and output picking up, but vigilance is required against risk factors that could hamper growth, the finance minister said Wednesday. "The economic recovery trend seems to be continuing in terms of employment, industrial output and investment in the construction sector," Finance Minister Hyun Oh-seok told reporters during a meeting in the administrative city some 120 km south of Seoul.

Australian PM to visit S. Korea next month

SEOUL, March 25 (Yonhap) -- Australian Prime Minister Tony Abbott will visit South Korea next month for summit talks with President Park Geun-hye and the signing of a free trade agreement between the countries, Park's office said Tuesday. Abbott, who is due to arrive in Seoul on April 8 for a two-day official visit, will meet with Park on the same day to discuss developments in their countries' bilateral ties and ways to further boost their relations, the office said in a press release.
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