Korea News

Aging Population to Shift Korea's Household Debt Dynamics: Peak Expected Within Five Years

Korea's household debt to GDP ratio is expected to peak within five years due to aging demographics, then decline. The KDI report links this trend to life expectancy and housing de...

Korea Sees Third Consecutive Month Rise in Foreign Currency Deposits Amid Export Boom

Korea's resident foreign currency deposits have increased for the third consecutive month, reaching $106.44 billion, driven by strong exports and dividends from overseas subsidiari...

South Korea Boosts ITER Project with 17 Billion Won Hydrogen Storage Containers Deal

Korea Institute of Fusion Energy signs a 17 billion won deal to supply hydrogen storage containers to ITER, reinforcing its role in the global fusion energy project and showcasing ...

Korea Weighs U.S. Apple Imports as Trade Tensions with America Escalate

Korea considers importing U.S. apples amid escalating trade tensions, with domestic farmers concerned over potential income losses. The move comes as the U.S. pressures Korea to re...

Korea Slips in U.S. Import Market: A Deep Dive into the Shifting Competitive Landscape

Korea's U.S. import market share drops from 7th to 10th amid tariff changes, with major declines in automobile and auto parts exports. The competitive landscape shifts as Mexico an...

Unlocking Growth: Experts Push for Easing CVC Rules to Elevate Korea's Economic Potential

Experts urge easing CVC regulations to boost Korea's economic growth, highlighting the need for private capital in achieving a 3% growth rate and the importance of regulatory refor...

Korea's Trade Minister Heads to U.S. Amid Rising Tariff Tensions: A Strategic Move to Protect Export Interests

Korea's Trade Minister Cheong In-gyo visits Washington to negotiate lower U.S. tariffs amid President Trump's global tariff enforcement, aiming to protect Korean export interests.

Korea Faces Growing Asset Inequality Crisis: MPC Member Urges Action

Jang Yong-seong of the Bank of Korea's MPC warns of worsening asset inequality in South Korea, overshadowing improvements in income disparity. Highlighting real estate as a key are...

Korea Opens Its Foreign Exchange Market Wider: Foreign Insurance Firms Now Welcome

Korea's MOEF has amended guidelines to allow foreign insurance firms into the domestic foreign exchange market, aiming to enhance participation and streamline transactions. This mo...

Navigating Political Unrest: Strategies to Maintain Financial Stability in Korea

This article analyzes the financial market impact of political unrest in Korea, comparing it to the 2016 impeachment of former President Park Geun-hye. It discusses the measures ta...