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South Korea
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South Korea's Industry Ministry Denies Semiconductors Are First Project for US Investment Commitments
The ministry on Tuesday denied a local newspaper report that Seoul had initially considered semiconductors as the first strategic investment project in the US under its investment commitments.
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South Korea's Industry Minister Kim Jung-kwan departed for Washington amid growing U.S. tariff pressure and calls to accelerate investment commitments.
South Korea's Industry Minister Kim Jung-kwan departed for Washington amid growing U.S. tariff pressure and calls to accelerate investment commitments.
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South Korea's economy expanded 3.8% on-year in H1, accelerating from 1.8% in H2 last year, with resilient fundamentals despite stock market turmoil
South Korea's economy expanded 3.8% on-year in H1, accelerating from 1.8% in H2 last year, with resilient fundamentals despite stock market turmoil. The stock market volatility has shaken investor con
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South Korea's Exports Jumped 45.3% to $21.3 Billion in Early August on Chip Demand, Marking Highest Ever for Period
South Korea's exports rose 45.3% year-on-year to $21.3 billion in the first 10 days of August, driven by strong global demand for memory chips. This marked the highest amount ever recorded for the per
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South Korea, US to hold annual Ulchi Freedom Shield military exercises later this month
The large-scale drills are aimed at bolstering defenses against regional threats and working toward the eventual transfer of wartime operational command (OPCON) authority to Seoul. The exercises come
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South Korea and Taiwan surpassed Japan in total exports for the first time in H1 2026, driven by surging AI-related semiconductor demand, according to Nikkei analysis.
South Korea and Taiwan each surpassed Japan in total exports for the first time during the first half of 2026, benefiting from surging demand for semiconductors, particularly from companies like South
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Analysts see 'explosive' gold price potential, citing China's 20-month hoarding streak and South Korea's plan to buy gold for first time in 13 years
This outlook is supported by Beijing's efforts to better connect the Shanghai Gold Exchange to Hong Kong, bolstering the city's ambitions as a trading hub.
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South Korea’s Leveraged ETF Trading Tied to Chip Giants Plummets Under New Curbs
South Korea’s Leveraged ETF Trading Tied to Chip Giants Plummets Under New Curbs
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South Korean stablecoin outflows top $367M in June: Report
A recent report indicates that stablecoin outflows from South Korean exchanges exceeded $367 million in June. This marks the 18th consecutive month of such outflows, occurring as regulators in the cou
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South Korean President Lee Jae Myung Under Fire Over Wild Market Swings and High-Risk Investment Products
South Korean President Lee Jae Myung is facing criticism as the government's strategy to attract capital and bolster the won through high-risk investment products backfires. Authorities had introduced
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South Korea Confirms 22% Crypto Tax Starting in 2027; Trading Volume Has Plummeted 54.6% in the First Half of the Year
South Korean Deputy Prime Minister and Minister of Finance Koo Yun-cheol confirmed on July 29 that South Korea will levy a 22% tax on cryptocurrency gains starting in 2027, as planned. The tax rate ap
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South Korea to import over 6 million barrels of UAE crude in emergency bid to curb fuel price surge
South Korea will import more than 6 million barrels of crude oil from the United Arab Emirates as part of an emergency effort to stabilize domestic fuel prices.
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Iran Names South Korea-Built UAE Nuclear Plant as Potential Target
Iran has included the Barakah nuclear power plant in Abu Dhabi, which is South Korea’s first overseas nuclear project, in a list of potential targets.
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South Korea's Deputy Prime Minister Confirms Plans to Tax Cryptocurrency Gains Starting January 1, 2027
South Korean Deputy Prime Minister Koo Yun-cheol confirmed to lawmakers that South Korea plans to tax cryptocurrency gains starting January 1, 2027. Under the plan, the portion of annual cryptocurrenc
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South Korea Policy Report Proposes Stablecoin Rules Ahead of Crypto Law
A policy report in South Korea recommends establishing interim licensing guidance and greater flexibility for stablecoin issuers. These proposed rules are suggested to be implemented ahead of the coun
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South Korea to Cap Retail Exposure to Leveraged ETF Investment
South Korea to Cap Retail Exposure to Leveraged ETF Investment
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South Korea's Finance Minister to Maintain 24-Hour Stock Market Monitoring System
South Korea's Finance Minister to Maintain 24-Hour Stock Market Monitoring System
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SK’s Choi Tae-won: South Korea Needs to Transform into an “AI-Native” Nation
Svmuu News: SK Hynix Chairman Choi Tae-won stated that South Korea must become an “AI-native nation,” adding, “The goal is for everyone to have at least one AI agent.” He said, “If this goal is achiev
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Google Play in South Korea Removes Apps from 29 Overseas Cryptocurrency Exchanges
Svmuu News: At least 29 overseas virtual asset exchange apps are currently unavailable for download and installation on the Google Play Store in South Korea. Since one of the main reasons South Korean
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Expanding into the consumer payments sector, South Korea launches a project to develop an infrastructure for deposit token payments
Svmuu News: The Korea Internet & Security Agency (KISA) and the Ministry of Science and ICT have launched the “Deposit Token Payment Infrastructure Expansion Project,” which will extend the results of
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South Korean President Responds to Controversy Over Samsung and SK Hynix Leveraged ETFs: Will Step Up Regulation If Necessary and Roll Out Supplementary Measures as Soon as Possible
Svmuu News: South Korean President Lee Jae-myung pointed out at a Cabinet meeting today that the market has widely criticized single-stock leveraged ETFs for “excessively amplifying market volatility,
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Over the past year, South Korea has indicted 304 individuals for crimes related to finance, securities, and virtual assets, and seized 381.4 billion won.
Svmuu News: Over the past year, South Korea’s Ministry of Justice and the Prosecutors’ Office have indicted a total of 304 individuals suspected of financial, securities, and virtual asset crimes, and
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South Korea's per capita GDP is expected to reach $39,000 this year
Svmuu News: According to a report by Yonhap News Agency, South Korea’s per capita GDP is expected to rise significantly this year, driven by increased exports during the semiconductor peak season. Bas
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Yonhap News Agency: South Korea's per capita GDP is expected to reach $39,000 this year
Svmuu News: Thanks to increased exports driven by the semiconductor industry’s peak season, South Korea’s per capita GDP is expected to rise significantly this year. According to data released on the
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South Korean investors' petition for a fourth crypto tax delay reaches 50,000 signatures, triggering legislative review
However, regulators remain firm on implementing the planned digital asset gains tax, with Economy and Finance Minister nominee Lee Hyoung-Il stating over the weekend that the plan is on schedule. The
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South Korea's expanded espionage law takes effect, targeting tech theft including semiconductor and AI technologies as national security crimes
South Korea's expanded espionage law takes effect, targeting tech theft including semiconductor and AI technologies as national security crimes
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South Korean Finance Minister nominee Lee Hyung-il said he is not considering corporate tax cuts.
South Korean Finance Minister nominee Lee Hyoung-il stated on Sunday that he is not currently considering corporate tax cuts, noting that the corporate tax rate effective this year has been restored t
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South Korea nears announcement of first US investment project, with briefing to lawmakers set for Sept. 17
South Korean Industry Minister Kim Jung-kwan returned Sunday from three days of talks in New York, where he met US Commerce Secretary Howard Lutnick and other officials to discuss prospective projects
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Construction of a semiconductor hub in southwestern South Korea is accelerating, with focus on whether critical elements such as power and talent can be secured in a timely manner.
South Korean government officials and industry experts stated at the "Jeollanam-do-Gwangju Integrated Special City Semiconductor and AI Transformation Global Forum" that the country plans to establish
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North Korea fires ballistic missiles off its eastern coast, South Korea says
South Korea's Joint Chiefs of Staff detected several missiles launched from North Korea's eastern coastal area of Wonsan around 5:20 am on Saturday (local time), which flew about 250 kilometers (155 m
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Daewoo E&C Chief Jung Won-ju Pledges 10 Billion Won ($7.4 Million) to Support Honam Semiconductor, AI Cluster in Southwestern Korea
Daewoo E&C Chief Jung Won-ju Pledges 10 Billion Won ($7.4 Million) to Support Honam Semiconductor, AI Cluster in Southwestern Korea
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South Korean Agriculture Minister Song Mi-ryung said on Thursday that South Korea should be cautious about joining the CPTPP, but that the move could also bring new global opportunities for agriculture.
South Korean Agriculture Minister Song Mi-ryung said on Thursday that South Korea should be cautious about joining the CPTPP, but that the move could also bring new global opportunities for agricultur
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South Korea's exports surged 83% year-on-year to $35 billion in the first 10 days of September, resulting in a $10.4 billion trade surplus.
South Korea's exports surged 83% year-on-year to $35 billion in the first 10 days of September, resulting in a $10.4 billion trade surplus.
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South Korean PM Han Seong-sook orders preemptive securing of crude supplies for coming months amid rekindled Middle East tensions
South Korean Prime Minister Han Seong-sook instructed economic officials on Thursday to preemptively secure crude supplies for the coming months, citing rekindled tensions in the Middle East. Han note
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The U.S. has requested South Korea to submit investment projects exceeding $350 billion, surpassing the previously agreed-upon limit. South Korea is now seeking to reduce the agreement amount back to the original ceiling.
According to Yonhap News, the United States has demanded investment exceeding the $350 billion cap stipulated in last year's bilateral trade agreement during trade negotiations with South Korea. South
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Iran warns South Korea of “serious consequences” if it joins US naval blockade of Strait of Hormuz, as Seoul considers military contribution
Iran's Ministry of Foreign Affairs spokesman Esmaeil Baghaei stated on Monday that any military presence or participation by another country in the Gulf and the Strait of Hormuz would be regarded as d
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South Korea considers $22.3B Texas natural gas power project, first under $350B US investment pact
The proposed 6.3-gigawatt gas-fired power plant in Encinal, Texas, aims to meet surging electricity demand from the rapid expansion of AI data centers and advanced semiconductor facilities in the stat
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South Korea's Q2 nominal GDP growth hits 26.4%, highest in 47 years
South Korea's economy expanded in nominal terms at its fastest annual pace in nearly 47 years in the second quarter, with nominal gross domestic product rising 26.4% in the April-June period from a ye
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Samsung Buyback Highlights Korea’s 45% Preferred Stock Discount
Samsung Electronics Co.'s anticipated equity buyback is raising investor expectations that the Korean giant will buy up non-voting preferred shares, narrowing a steep discount and setting an example f
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South Korea to combine 5 utilities by October 2027 to meet rising AI, chip power demand
Seoul plans to integrate five public power companies by October 2027, aiming to accelerate investments that will address the increasing energy demands from the country's growing artificial intelligenc
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South Korean Presidential Office: Considering various options for "contributing" in the Strait of Hormuz
South Korea's presidential office stated on Friday that it is considering various options to "contribute" to the Strait of Hormuz, aiming to ensure free navigation in the strategic waterway. This foll
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South Korean Retail Investors Shift Leveraged ETF Demand to US Markets After Domestic Curbs
After South Korean regulators tightened trading rules on single-stock leveraged ETFs at home, retail investors' demand for leveraged bets has largely flowed into US-listed products. This has led Korea
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South Korea's AI boom is reshaping society: chip industry professionals are becoming the new preferred partners, related reality shows are gaining popularity, and university major choices are shifting.
In South Korea, the AI boom is reshaping people's preferences in dating, entertainment content, and academic choices. Dating agencies report that traditionally sought-after professions like doctors an
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South Korea's current account surplus reached $42 billion in July, driven by strong exports amid the global AI boom, marking the highest for any July and the second-largest monthly figure.
South Korea's current account surplus reached $42 billion in July, driven by strong exports amid the global AI boom, marking the highest for any July and the second-largest monthly figure.
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AmCham calls for predictable policy implementation in South Korea's healthcare reforms to attract investment
The American Chamber of Commerce in Korea (AmCham) convened its 17th Healthcare Innovation Seminar on Thursday, where government and industry leaders emphasized that regulatory consistency is crucial
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Korea Eximbank explores financing for Korean companies expanding into India's shipbuilding, steel, and critical minerals sectors
Korea Eximbank explores financing for Korean companies expanding into India's shipbuilding, steel, and critical minerals sectors
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South Korea's foreign reserves rose by a record $14.33 billion in August to $442.28 billion, marking the largest monthly gain since 1971.
South Korea's foreign reserves rose by a record $14.33 billion in August to $442.28 billion, marking the largest monthly gain since 1971.
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China threatens boycott of South Korean art exhibition over Taiwan pavilion
China has reportedly threatened to boycott a leading South Korean art exhibition, the Gwangju Biennale, due to the inclusion of a Taiwan pavilion. In response, Gwangju city has apologized, while local
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