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South Korea
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South Korea's August Consumer Price Index (CPI) rose 3.1% year-on-year, driven by increases in fuel and mobile subscription fees.
South Korea's August Consumer Price Index (CPI) rose 3.1% year-on-year, driven by increases in fuel and mobile subscription fees.
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Hyundai Monthly Sales Tumble to Four-Year Low After Labor Strikes Idled Production in South Korea
Hyundai Monthly Sales Tumble to Four-Year Low After Labor Strikes Idled Production in South Korea
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South Korea's Ministry of Oceans and Fisheries has proposed a record-high budget of 82.6 trillion Korean Won (approximately $59 billion) for 2027.
South Korea's Ministry of Oceans and Fisheries (MOF) has proposed a record budget of 82.6 trillion won (approximately $59 billion) for 2027, a 10.8% increase from this year. The ministry stated at a p
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South Korea plans record 820.9 trillion won ($599.5 billion) budget for 2027, up 12.8%, driven by chip tax windfall for AI, strategic industries and social programs
South Korea's government spending for 2027 is set to be the fastest increase on record. Under its medium-term fiscal plan, annual spending is projected to surpass 1,000 trillion won for the first time
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South Korea's exports in August surged by 68.7% year-on-year to $98.25 billion, with semiconductor exports skyrocketing by 209% to a record high of $46.65 billion, resulting in a trade surplus of $34.75 billion.
South Korea's August exports surpassed market expectations with a 62.0% increase, extending the strong growth seen in July. Semiconductor exports exceeded the $40 billion mark for the third consecutiv
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South Korea Plans Up to 222.8 Trillion Won in 2027 Bond Issuance
South Korea plans to issue up to 222.8 trillion won ($162.7 billion) of bonds in 2027. This total is near this year’s record, as President Lee Jae Myung pushes his expansionary fiscal agenda.
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South Korea has decided to impose anti-dumping duties ranging from 8.32% to 19.17% on butyl acrylate from China, effective September 28.
South Korea's Ministry of Finance announced on Tuesday a decision to impose anti-dumping duties ranging from 8.32% to 19.17% on butyl acrylate imported from China. The tariffs will take effect on Sept
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South Korea Rejects U.S. Congressional Allegations of Discrimination Against Coupang, Amidst Strained U.S.-Korea Relations and Pressure from Potential U.S. Tariffs
Sources indicate that the South Korean government has rejected accusations from the U.S. Congress regarding discrimination against American e-commerce giant Coupang, leading to strained relations betw
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Korea’s AI Chief Vows Execution-Focused Strategy, Identifies Three Pillars
Ha Jung-woo, standing vice chair of the Presidential Council on National Artificial Intelligence Strategy, pledged Monday to put execution at the center of Korea’s bid to become one of the world’s top
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South Korean and U.S. energy officials discussed strengthening energy cooperation in Seoul on Monday to ensure stable supply chains and power supply.
South Korean and U.S. energy officials discussed strengthening energy cooperation in Seoul on Monday to ensure stable supply chains and power supply.
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South Korea's Industrial Output Flat in July, Retail Sales Declined, While Facility Investment Advanced
South Korea's Industrial Output Flat in July, Retail Sales Declined, While Facility Investment Advanced
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South Korean President Lee Jae Myung Nominates Lee Hyoung il as New Finance Minister and Kang ShinChul as Defense Minister
South Korean President Lee Jae Myung announced a Cabinet reshuffle, nominating new faces for positions including finance and defense ministries. Lee Hyoung il, currently the first vice finance ministe
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South Korean Deputy Prime Minister and Finance Minister Koo Yun-cheol abruptly cancels G20 trip, fueling cabinet reshuffle speculation
South Korean Deputy Prime Minister and Finance Minister Koo Yun-cheol abruptly cancels G20 trip, fueling cabinet reshuffle speculation
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South Korean retail investors' deposits have once again fallen below 100 trillion Korean Won ($72.4 billion), while margin debt has rebounded above 33 trillion Korean Won.
According to data from the Korea Financial Investment Association, South Korean retail investors' deposits amounted to 98.92 trillion Korean Won as of Wednesday, a decrease of 3.62 trillion Korean Won
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Emerging-Market 'Fear Gauge' Drops at Fastest Pace in Over Six Years as Investor Caution and Tighter Curbs Cool Korean Tech Demand
Volatility in emerging-market stocks is dropping at the fastest pace in more than six years as growing investor caution and tighter government curbs cool demand for the biggest Korean tech companies.
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South Korea's financial watchdogs oppose government's decentralization plan, warning of slower crisis response and talent drain
Unions representing financial regulators and policy bodies warn that moving institutions out of the capital region could slow crisis response, weaken oversight, and drive skilled employees out. The go
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South Korea hopes Arctic sea route will reduce reliance on chokepoints like Hormuz and revive Busan
South Korea hopes Arctic sea route will reduce reliance on chokepoints like Hormuz and revive Busan
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Trump orders substantial cuts to U.S.-South Korea joint military drills, citing high costs and inappropriate signal to North Korea
President Donald Trump stated he instructed Pete Hegseth to significantly reduce the exercises, also noting North Korea has been respectful during his presidency.
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US House Foreign Affairs Committee Chairman Brian Mast criticizes South Korea over regulatory action against US-listed Coupang and stalled investment pledges
US House Foreign Affairs Committee Chairman Brian Mast criticizes South Korea over regulatory action against US-listed Coupang and stalled investment pledges
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South Korea said the United States has called off a joint marine drill scheduled for next month due to limited forces caused by the U.S. war with Iran.
U.S. Marine Corps officials formally notified South Korea in June that its ability to deploy forces during this year’s “Ssangyong” exercise would be limited due to the situation in the Middle East, So
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South Korea's New Trade Minister Vows All-Out Efforts to Manage Trade Risks with Washington Amid Global Transition
Trade Minister Park Jung-sung stated that tariffs, subsidies, industrial policies, supply chain alliances, and export controls are emerging as key tools for shaping the global trade order.
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South Korea to launch 'Future Fund' with AI boom's 'windfall revenue'
South Korea's budget ministry announced Friday that it will launch the "Future Fund" to promote long-term economic growth. The fund will be financed by what the government calls "windfall revenue" fro
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South Korea's producer prices in July fell 0.4% for the first time in 11 months, due to lower oil prices.
South Korea's central bank data shows that the Producer Price Index in July fell by 0.4% month-on-month, the first monthly decline since August 2025. This was mainly driven by falling global crude oil
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South Korean Deputy PM Koo Yun-cheol Pitches Manufacturing and AI Edge to US Investors, Pledging Financial Market Reforms
Deputy Prime Minister and Finance Minister Koo Yun-cheol outlined Korea's growth strategy to US business leaders in Seoul on Wednesday, highlighting opportunities for deeper investment and artificial
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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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South Korea
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