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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korea Oct dept store sales flat on yr Reuters - Monday, November 17 SEOUL, Nov 17 - Sales at major South Korean department stores in October stood unchanged from a year ago, with increased demand for luxury and sports goods offset by sluggish sales of clothes, the Finance Ministry said on Monday. In September, sales at major department stores fell for the first time since December, declining 0.3 percent from a year before amid growing concerns over the local impact of global financial turmoil. With exports running out of steam quickly due to a global economic downturn, the South Korean government has employed pump-priming measures, including rate cuts and tax reforms, in order to encourage more private spending. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Japan's economy shrinks in 3Q; enters recessionAP - 49 minutes ago Palm oil prices to plunge due to oversupply, lower demand: reportAFP - 1 hour 10 minutes ago Financial overhaul added to Obama's to-do listAP - 1 hour 15 minutes ago BHP maintains iron ore output amid deferralsReuters - 1 hour 24 minutes ago Pakistani rupee seen stabilising after IMF agreementReuters - 1 hour 28 minutes ago Most Popular – Business Viewed US space-funeral company plans to launch lunar cemetery Obama thinking big, despite crisis Earth would be heading to a freeze without CO2 emissions Prince Charles wants to speak out as king: biographer Democrats face White House opposition to new economic plan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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