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Seoul must take corresponding steps quickly After Japan tightened export restrictions on South Korea, Friday, by removing it from a list of countries enjoying simplified export procedures for a broad range of industrial materials, the country is considering corresponding measures in all sectors with a deep sense of crisis. Japan's unilateral steps will have serious ramificatio..

Korea should go all-out to reinvigorate economy The U.S. Fed has lowered its benchmark interest rate by 0.25 percentage points for the first time in 10 years and eight months. It also has decided to end the "quantitative tightening" ― retrieving money from the market ― two months ahead of schedule. The Fed's rate cut had been anticipated and kept pace with its South Korean..

Policymakers should see why manufacturing sector is dying The situation facing the nation's manufacturing industry is getting increasingly ominous. Dark clouds are weighing down all related figures, ranging from corporate performance and indices to business sentiment and outlook. Samsung Electronics' second-quarter performance report released Wednesday backed up this gloomy re..

Economy should be put on crisis management mode SK hynix has decided to reduce its production of memory chips. The decision by the world's second-largest semiconductor maker is aimed at weathering the continuous price drops resulting from a supply glut through an output cut. SK will curtail the production of DRAMs from the fourth quarter of this year. SK had a 25.8 percent of ..