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The impact of the Saudi East-West oil pipeline closure on Asian crude oil imports is becoming apparent, with South Korea being the most directly affected.
The closure of Saudi Arabia's East-West oil pipeline is expected to exacerbate supply tightness for Asia's four largest crude oil importers, with South Korea being the most directly impacted. Accordin
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South Korea to brief National Assembly on first investment project under US$350 billion US-bound commitment
Officials said the industry ministry is scheduled to hold a closed-door briefing at 9:30 a.m. Tuesday for the National Assembly's trade, industry, energy, SMEs and startups committee on the planned US
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South Korea extends fuel tax cuts for two months until November to ease price pressures.
South Korea's Ministry of Finance announced on Friday that it would extend fuel tax cuts for another two months until November to ease price pressures stemming from ongoing tensions in the Middle East
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Korea-US $200B investment deal faces hurdles over nuclear projects, funding
An agreement expected this week concerning South Korea’s $200 billion US investment commitment remains uncertain, as Seoul and Washington seek to resolve differences over nuclear projects, funding sch
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KICK Korea Semiconductor Index ETF (KCHP) Launches on NYSE Arca, Offering Focused Exposure to South Korean Chipmakers
The new fund, launched on September 15, is the first product in a new KICK ETFs series from Exchange Traded Concepts and Kiwoom Securities (USA) Inc. It provides U.S. investors with a single-ticker op
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South Korea signed 16 export contracts with five Central Asian nations, totaling $14 million.
South Korea signed 16 export contracts worth a total of $14 million with five Central Asian countries: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Both sides agreed to upgrade co
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Korea Eximbank discussed expanding economic cooperation with Uzbek President Mirziyoyev during the inaugural Korea-Central Asia Summit in Seoul
The Export-Import Bank of Korea said it discussed expanding economic cooperation with Uzbek President Shavkat Mirziyoyev during his visit to Seoul for the inaugural Korea-Central Asia Summit. Korea Ex
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South Korea offers revised guidelines for registered foreign institutions' FX operations, aiming for won's internationalization
South Korea on Wednesday announced revised rules for registered foreign institutions' foreign exchange operations, aiming to internationalize the won. The finance ministry stated these revisions to gu
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South Korea to host first presidential summit with five Central Asian states on Wednesday, aiming to boost regional clout and economic ties
The summit, dubbed "historic" by local media, seeks to deepen economic engagement in critical minerals, energy, digital technologies, and transport. Central Asian states are positioning themselves as
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South Korea plans to cut the number of new transmission towers by up to 40% to meet the growing electricity demand from data centers and semiconductor factories.
South Korea plans to cut the number of new transmission towers by up to 40% to meet the growing electricity demand from data centers and semiconductor factories.
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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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South Korean lawmakers appear set to postpone cryptocurrency tax laws for a fourth time.
South Korean lawmakers appear set to postpone cryptocurrency tax laws for a fourth time.
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South Korea Considers Deploying Maritime Patrol Aircraft to Strait of Hormuz; President Lee Jae-myung Rules Out Combat Deployment
South Korea's National Security Advisor, Wi Sung-lac, stated that Seoul is still considering various options for deployment to the Strait of Hormuz, including sending maritime patrol aircraft. He reve
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Germany and South Korea eye strategic industrial partnership in defense
Germany and South Korea are exploring a new chapter in defense cooperation, moving towards a strategic industrial partnership. This initiative comes as Europe faces its most serious security crisis si
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Coinbase, Bithumb, and multiple South Korean financial institutions experienced data breaches; South Korean Presidential Office held an emergency meeting.
User data from crypto exchanges Coinbase and Bithumb has been leaked. Coinbase stated that its third-party analytics vendor, Amplitude, experienced a security incident, resulting in the exposure of a
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South Korean Financial Sector Hit by Cyberattack Again, Multiple Institutions Affected
South Korean financial institutions have been hit by a new wave of cyberattacks, highlighting the growing risk of AI-driven hacking in Asia. The latest incidents affected Daishin Securities, Mirae Ass
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South Korean Finance Minister Lee Hyoung-il hopes Bloomberg will review the country's emerging market status in its bond index, citing improved market access for foreign investors.
South Korean Finance Minister Lee Hyoung-il hopes Bloomberg will review the country's emerging market status in its bond index, citing improved market access for foreign investors.
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South Korea's ruling party and government have failed for the fourth time to agree on postponing the cryptocurrency tax, which is still set to take effect on January 1 next year.
South Korea's ruling party and government have failed for the fourth time to agree on postponing the cryptocurrency tax, which is still set to take effect on January 1 next year.
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the Nuclear Safety and Security Commission, on Tuesday approved an additional 10-year operational life for Kori units 3 and 4
South Korea's nuclear watchdog, the Nuclear Safety and Security Commission, on Tuesday approved an additional 10-year operational life for Kori units 3 and 4, two nuclear reactors located on the count
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South Korea's planned January crypto tax faces fresh delay requests
South Korea's planned January crypto tax faces fresh delay requests. The country is scheduled to begin taxing cryptocurrency income in January, but exchanges, investors, and lawmakers are once again r
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South Korea's Q3 GDP grew 1% QoQ, driven by strong exports and investment
South Korea's Q3 GDP grew 1% QoQ, driven by strong exports and investment. Data released by the Bank of Korea on Tuesday showed that the South Korean economy expanded by 1% quarter-on-quarter in the t
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South Korea is considering imposing an education tax on cryptocurrency exchanges.
South Korea is considering imposing an education tax on cryptocurrency exchanges.
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South Korea's presidential office is considering a fourth delay to the 22% cryptocurrency gains tax
South Korea's presidential office is considering a fourth delay to the 22% cryptocurrency gains tax, originally set to take effect on January 1, 2027, potentially pushing it back to 2029. The tax plan
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South Korea's current account surplus reached $116.63 billion in the second quarter
South Korea's current account surplus reached $116.63 billion in the second quarter, driven by strong chip exports, ranking second among major global economies and exceeding the combined surpluses of
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South Korea's crypto bill is reportedly nearing completion, aiming to establish a digital asset framework that includes an exchange licensing system and stablecoin issuance rules, while the debate over crypto taxation intensifies.
South Korea's crypto bill is reportedly nearing completion, aiming to establish a digital asset framework that includes an exchange licensing system and stablecoin issuance rules, while the debate ove
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South Korea's Arctic Shipping Trial Shows Shorter Europe Route Potential, Challenges
South Korea’s first government-led Arctic shipping trial has shown the potential to cut the distance to Europe by about 35 percent and the transit time by roughly 10 days compared with the Suez Canal
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German-Korean Chamber of Commerce and Industry President: German companies are viewing South Korea as a strategic manufacturing and innovation hub
Marie Antonia von Schonburg, President and CEO of the German-Korean Chamber of Commerce and Industry, stated that German companies are leveraging the industrial strengths of both countries to use Sout
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South Korea's government won a tax refund lawsuit against hedge fund Lone Star Funds, involving $127 million.
The South Korean government and Seoul have won a tax refund lawsuit against U.S. private equity firm Lone Star Funds, involving 168.2 billion Korean Won (approximately $127 million). The Seoul High Co
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South Korean Finance Minister: South Korea will support the establishment of a global "AI-based society" to ensure no country is left behind in the AI transformation.
South Korean Finance Minister: South Korea will support the establishment of a global "AI-based society" to ensure no country is left behind in the AI transformation.
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The number of foreign nationals participating in South Korea's defined contribution (DC) retirement pension plans surged by 67.5% in three and a half years, reaching 46,872.
The number of foreign nationals participating in South Korea's defined contribution (DC) retirement pension plans surged by 67.5% in three and a half years, reaching 46,872.
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South Korea Finance Officials to Meet Major Crypto Exchanges on Tuesday Amid Calls for Two-Year Crypto Tax Delay
South Korea Finance Officials to Meet Major Crypto Exchanges on Tuesday Amid Calls for Two-Year Crypto Tax Delay
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South Korea is intensifying its scrutiny of foreign banks, with informal guidance already leading to the postponement of at least one overseas bond issuance, and is considering implementing restrictive measures.
South Korea is intensifying its scrutiny of foreign banks, with informal guidance already leading to the postponement of at least one overseas bond issuance, and is considering implementing restrictiv
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Trump announces $130 billion Alaska LNG deals with South Korea and Taiwan
Former President Trump announced that South Korea will invest $50 billion in the Alaska LNG project. Taiwan has committed to $70–80 billion in LNG purchases over 20 years and will also invest $4.4 bil
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IMF projects South Korea's GDP per capita to exceed $40,000 this year for the first time, reaching $43,512
The International Monetary Fund (IMF) projects South Korea's gross domestic product (GDP) per capita to exceed $40,000 for the first time this year, reaching $43,512. This is a 19.5% increase from an
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South Korea to Establish Chip Policy Office to Accelerate 800 Trillion Won Investment and Strengthen Industry Competitiveness
The South Korean government will establish a dedicated semiconductor policy office next week to accelerate 800 trillion won in chip investments and enhance the country's industrial competitiveness in
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South Korea
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