APEC leaders have issued a joint statement expressing concern over global trade disputes, especially U.S. tariffs, and stressed the importance of cooperation and the WTO. South Kor...
Bank of Korea Governor Rhee Chang-yong proposes asset annuitization and labor reforms to address elderly poverty in South Korea's super-aged society, emphasizing community responsi...
South Korea is gearing up to host the APEC trade ministers' summit on Jeju Island, with high-profile attendees including the U.S. Trade Representative and delegates from China, the...
Circle Internet Group's new stablecoin-based payment network, CPN, is transforming global remittance with real-time settlements. However, South Korea's absence from the network und...
Exploring South Korea's push for a won-linked stablecoin to combat market inefficiencies and protect currency sovereignty amidst the dominance of dollar-linked stablecoins.
The IMF has drastically lowered South Korea's 2025 growth forecast to 1.0%, the sharpest cut among major economies, citing global trade tensions and weak domestic demand. The globa...
The Bank of Korea's 2024 report highlights a booming virtual asset market in South Korea, with trading volumes and investor accounts surging. Legislative changes and increased publ...
Nextrade, South Korea's first alternative trading system, has achieved a remarkable 25.16 trillion won in trading volume in its first month, capturing nearly 6% of the market share...
The U.S. has imposed import restrictions on South Korea's Taepyeong Salt Farm due to forced labor concerns, marking the first such action against a Korean company. The South Korean...
Morgan Stanley reports that U.S. tariffs on South Korea are harsher than anticipated, with significant implications for exports and economic growth. Despite some exemptions, sector...
U.S. President Donald Trump has imposed a 25% reciprocal tariff on South Korea, higher than rates for the EU and Japan, sparking concerns over export disruptions and economic impac...
Bithumb transitions to KB Kookmin Bank for currency deposits and withdrawals, aiming to enhance user experience and attract new customers. The move includes a temporary service sus...
Asia-Pacific markets remained largely stable, with slight gains in Chinese indexes. Investors focused on Australian and Japanese PMI reports and South Korea's political development...
Morgan Stanley predicts the Bank of Korea will cut interest rates three more times in 2023 to combat economic growth pressures, adjusting its forecast for South Korea's growth rate...
The OECD has lowered South Korea's GDP growth forecast for 2025 to 1.5%, citing global trade tensions and fiscal pressures as key challenges. Despite these risks, potential tariff ...
The Korea Chamber of Commerce and Industry proposes 130 tax reform measures, including a 5% tax credit on dividend increases, to revitalize South Korea's stock market and enhance c...
Facing trade wars, inflation, and political instability, 97% of South Korean firms predict an economic crisis this year, reminiscent of the 1997 financial debacle. The economic pol...
South Korea's National Assembly passes the 'K-Chips Act' and three energy laws to bolster the semiconductor industry and energy infrastructure, offering tax benefits and ensuring a...
Global gold prices have soared to record highs due to escalating trade tensions, increased demand for safe-haven assets, and continuous purchases by central banks. South Korea's go...
Experts predict the Trump administration will soon implement universal tariffs, impacting trade relations with South Korea and potentially affecting companies in Mexico, Canada, an...
South Korea's top cryptocurrency exchange, Upbit, faces a suspension order from financial authorities due to KYC compliance failures. The move underscores the government's efforts ...
The Bank of Korea has decided to keep its benchmark interest rate unchanged at 3%, contrary to market expectations. This decision reflects the central bank's cautious stance amid c...
Asia-Pacific markets displayed mixed reactions following the arrest of South Korea's impeached President Yoon Suk-yeol. While some indices like South Korea's Kospi Composite and Ja...
Hyundai Motor Company reports a 1.8% decline in global sales for 2024, with 4.14 million vehicles sold. Domestic sales in South Korea dropped by 7.5%, while overseas sales saw a sl...
Asian stock markets showed mixed results after Wall Street's downturn, with significant attention on South Korea's political situation and market stabilization efforts. Australia a...
South Korean police have banned Jeju Air CEO Kim E-bae from leaving the country as part of the investigation into a plane crash that killed 179 people. Raids were also conducted on...
Bank of Korea Governor Rhee Chang-yong criticizes Cabinet members for opposing the appointments of Constitutional Court judges, emphasizing the need for economic policy independenc...
Jeju Air, a South Korean low-cost carrier, faces mass flight cancellations following a fatal Boeing 737-800 crash. The incident, resulting in 179 fatalities, has led to 68,000 canc...
Boeing's landing gear issues are in the spotlight again after a Jeju Air 737-800 crash in South Korea and a KLM flight's runway excursion in Oslo. These incidents add to a series o...
South Korea's cryptocurrency market has seen a significant increase, with over 15 million investors by November. This growth is attributed to the anticipation of favorable policies...
South Korea faces a challenging economic landscape as the won-dollar exchange rate soars past 1,460 won, impacting exporters and households. Government measures and political uncer...
Following President Yoon Suk Yeol's martial law declaration, South Korean investors rapidly sold stocks and held funds in cash, leading to a surge in CMA balances and cautious mark...
