Bumpy road ahead for Korean economy
Political tumult, slowing growth, US tariff threats “triple whammy” hit Asia’s fourth-largest economy.
Park Han-na
Korean won hits 2-year low after President Yoon declares martial law
The Korean won sharply dropped right after President Yoon’s declaration at around 10:30 p.m. By 10:53 p.m., it depreciated to 1,430.0 won, down 28.7 from the previous day.
Tariffs top US election agenda for Korean firms
While Harris raised the alarm about the inflation risk posed by Trump's universal tariff suggestion, she has not identified any potential alterations to the Biden administration's…
Korea to pump in W8.8tr in 2025 to contend in global chip race
This is a detailed follow-up to the 26 trillion won package to support the chip industry unveiled by President Yoon Suk Yeol in May.
Korea’s economy to stop growing without drastic labour change: Federation of Korean Industries
Korea's demographic crisis is taking a toll on its economy and society from issues involving local extinction, shortage of defense forces, increasing dependency ratio and…
Asian, Korean shares tank as global rout continue amid fears of a US recession
Equity markets tumbled sharply across most of Asia, continuing to rattle from last week’s big slide in US shares, which stemmed from recent US economic data that rekindled…
South Korea soft-launches longer forex trading hours
The minister highlighted that the structural revamp of the forex market aimed at developing openness and competitiveness that meet the global standard.
South Korea-US-Japan trilateral economic consultative group launched
Three representative economic organizations from the three countries announced the launch of the private sector business dialogue and agreed to hold future meetings regularly.
Bank of Korea’s rate-cutting cycle coming, but timing depends on inflation
Recent data showing signs of weakening inflation, coupled with a rebound in exports, has increased anticipation for rate cuts. Though borrowing rates were kept at 3.5 percent for…
South Korean biz leaders meet with UAE president
In the meeting, lasting about an hour, large companies that have already forged partnerships with the UAE discussed additional collaboration measures in the first session. The…