South Korea to begin trade talks with Mercosur this year

South Korea will begin trade talks with Mercosur, the South American bloc that comprises Argentina, Brazil, Uruguay and Paraguay. Korean Trade Minister Joo Hyung-hwan visited Argentina at the end of last week and signed a joint statement to begin talks with Argentine Foreign minister Susana Malcorra. At $2.7 trillion, the combined gross domestic product of the four Mercosur members accounts for 76 percent of South America’s economy. Source. Business Korea Peru’s Kuczynski says corruption scandal slowing investment Peruvian President Pedro Pablo Kuczynski said on Friday that corruption allegations were slowing private investment, although he still expected the country’s economy to expand 3 percent to 5 percent this year due to public investment and higher metal prices. The Finance Ministry slashed […]

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