South Korea to pilot visa for K-pop trainees
It will also roll out a “region-specific digital nomad visa” for foreign nationals seeking to work remotely while living in Korea, connecting them with regional governments.
Im Eun-byel
South Korea inflation eases in April, continues bumpy ride
Despite the latest sign of easing inflation, local authorities remained cautious to offer a positive outlook. Consumer prices are expected to continue to fluctuate considering…
Bank of Korea chief says won will level off if Middle East conflict eases
Though the won devaluation lost full steam after the won plunged to its lowest at 1,400 won against the dollar on Tuesday, the local currency lost its value on Friday after…
Trilateral talks acknowledge ‘serious’ slumps of won, yen
Bank of Korea Governor Rhee Chang-yong, meanwhile, said the devaluation of the Korean won is likely to be “transitory.”
Bank of Korea holds rate, wary of inflation’s ‘last mile’
According to Bank of Korea's Gov. Rhee Chang-yong, the core inflation is slowing down as projected, but it is moving in a different direction from that of the headline inflation…
South Korean banks compete for foreign customers
Beyond just providing designated communication channels, banks are also working to provide more differentiated services suited to foreign customers' needs.
Will Kakao Bank secure footing in untapped Thai market?
Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea.
Bitcoin hits new record high above W100 m in Korea
The recent bull’s run on bitcoin stems from an inflow of investments from bitcoin spot exchange-traded funds and has been advancing since the second half of last year.
South Korea on guard against inflation
In past months, Korea’s inflation rate appeared to be easing out, nearing the target goal of 2 percent, but February’s data suggests that inflation has reaccelerated due to…
South Korea’s GNI rebounds on stable won
The GNI per capita, a measure of the amount of money earned per person in a nation, stood at $33,745 last year, advancing by 2.6 per cent from $32,886 in 2022. The figure, drawn…