South Korea News

South Korea's March Tax Revenue Surges by 5.5 Trillion Won: A Deep Dive into Corporate Tax Contributions

South Korea's tax revenue in March increased by 5.5 trillion won year-over-year, driven by corporate tax growth. Despite positive trends, mandatory interim payments for large compa...

South Korea's Economic Challenge: Per Capita GDP Decline Signals Deepening Low Growth Crisis

The IMF reports a 4.1% drop in South Korea's per capita GDP to $34,642, signaling a low growth crisis. Despite a shrinking population, the economy struggles, with forecasts showing...

South Korea's Forex Market Booms: Record $72.76 Billion Daily Transactions in Q1

South Korea's forex market hit a record high with daily transactions averaging $72.76 billion in Q1, driven by increased foreign investment in bonds and a rising won-dollar exchang...

Breaking News: South Korea and U.S. Forge Historic 'July Package' to Eliminate Tariffs and Boost Trade

South Korea and the U.S. have agreed on a 'July Package' to abolish tariffs and enhance trade relations, with discussions focusing on tariff measures, economic security, and invest...

South Korea Faces Economic Stagnation: Can It Overcome the Challenges?

South Korea's economy is experiencing stagnation with a GDP growth rate of just 0.1% for four consecutive quarters, driven by declining investments and weak domestic demand. Export...

South Korea's Economic Sentiment Index Rises Slightly Amidst Global Tariff Tensions and Semiconductor Surge

South Korea's economic sentiment index improves slightly despite U.S. tariff concerns, driven by semiconductor sector growth. Manufacturing and non-manufacturing sectors show resil...

South Korea Seeks Tariff Relief in High-Stakes U.S. Trade Negotiations Amid Export Slump

South Korea is engaging in critical trade negotiations with the U.S. to address tariff impositions that have led to a notable decline in exports, particularly in the automotive and...

South Korea's Bio Industry Expands into Southeast Asia with Strategic Export Roadshow

South Korea launches a biomedical export roadshow in Southeast Asia, aiming to diversify its bio industry's export markets. With participation from 20 companies and over 350 meetin...

South Korea's Manufacturing Sector Faces Bleak Future in May, Semiconductors Shine as Lone Exception

South Korea's manufacturing sector, excluding semiconductors, is expected to face significant declines in May, with key indicators like production, domestic demand, and exports fal...

South Korea and Indonesia Strengthen Ties: High-Profile Business Round Table Aims to Boost Economic Partnerships

A high-profile South Korean delegation, including leaders from major corporations like Lotte and Hyundai, visits Indonesia to strengthen economic ties and explore partnerships in e...

South Korea's FSS Initiates Comprehensive Investigation into ETF Market Practices Amid Growing Concerns

South Korea's FSS launches a full-scale probe into ETF operations, requesting detailed data from major asset managers to address market integrity and investor protection concerns f...

South Korea Proposes $8.43 Billion Extra Budget to Tackle AI, Trade, and Welfare Challenges

South Korea's Finance Minister proposes a 12 trillion won extra budget to focus on disaster recovery, trade, AI competitiveness, and public welfare, marking a 2 trillion won increa...

South Korea Cracks Down on Private Equity Giants Amid Tax Evasion and Regulatory Scrutiny

South Korean authorities are investigating leading private equity firms for tax evasion and financial irregularities, focusing on high-value transactions and the need for greater t...

South Korean Firms Under Fire: High Treasury Stocks Yet Poor Returns Spark Investor Outcry

18 South Korean companies hold over 20% treasury stocks but show poor returns, sparking debates on shareholder value strategies amid new transparency regulations and a lack of divi...

South Korea's Corporate Succession Crisis: KCCI Proposes Bold Inheritance Tax Reforms

The Korea Chamber of Commerce and Industry proposes inheritance tax reforms to ease corporate succession burdens, suggesting a shift towards capital gains tax and deferred payments...

South Korea's Export Economy Faces Double Burden Amid U.S.-China Trade War Tensions

South Korea's export economy is under pressure from the U.S.-China trade war, facing both direct tariffs and indirect competition. Strategic negotiations and adjustments are underw...

South Korea Faces Sharp Decline in Foreign Currency Deposits as Exchange Rates Skyrocket

South Korea's foreign currency deposits are rapidly declining due to surging exchange rates, with experts warning of further depreciation and potential economic interventions amids...

South Korea's FSC Aims to Revolutionize Financial Sector with Goldman Sachs-Inspired Investment Banks

South Korea's FSC is reforming its financial investment business system to create Goldman Sachs-like entities, focusing on corporate finance and venture capital to enhance market c...

South Korea Seeks U.S. Tariff Exemption for Copper Products Amidst Rising Trade Tensions

South Korea's trade association urges the U.S. to exempt its copper products from tariffs, citing minimal market share and significant U.S. investments. Concerns over impacts on po...

South Korea Achieves Record 22-Month Current Account Surplus Amid Global Economic Challenges

South Korea has achieved a current account surplus for 22 consecutive months, highlighting its economic resilience. February's surplus was $71.8 billion, with significant growth in...

South Korea Unveils Massive 3 Trillion Won Aid to Shield Auto and Tech Industries from U.S. Tariffs

South Korea announces a 3 trillion won financial aid package to protect its auto and tech industries from U.S. tariffs, with a focus on emergency support for the automobile sector ...

South Korea Announces $2 Billion Rescue Package for Auto Industry Amid US Tariff Crisis

South Korea has announced a $2 billion emergency aid package for its car industry following US tariffs on foreign cars. The funds will be distributed through state-run lenders, wit...

South Korea's Forex Reserves Climb to $409.7 Billion in March, Defying Market Volatility

South Korea's foreign exchange reserves unexpectedly increased to $409.66 billion in March, despite global market volatility. Factors include higher dollar deposits and a weaker U....

South Korea's F4 Meeting Addresses Financial Stability Amid U.S. Tariff Tensions

South Korea's F4 Meeting discusses strategies to counter financial market volatility triggered by U.S. tariffs, with plans for market stabilization and industrial support.

South Korea Mobilizes All Resources as U.S. Imposes 25% Tariff: A Global Trade War Looms

South Korea's acting president Han Duk-soo has ordered a full mobilization of resources to counter the U.S. imposition of a 25% tariff on Korean goods, highlighting the potential f...

South Korea Faces Unprecedented Price Surge in Food and Dining: A Deep Dive into Economic Impacts

South Korea is grappling with a wave of price increases across food and dining sectors, driven by a weaker won and rising raw material costs. Over 40 companies have raised prices, ...

South Korea Faces Persistent Inflation: Consumer Prices Surpass 2% for the Third Month in a Row

South Korea's consumer prices have risen above 2% for the third consecutive month, driven by increases in processed food prices and university tuition fees. The Bank of Korea antic...

South Korea's Inflation Edges Up to 2.1% in March, Surpassing Expectations

South Korea's inflation rate rose to 2.1% in March, slightly above expectations, with the CPI increasing by 0.2% monthly. The core CPI, excluding fresh food and energy, also saw a ...

Over 16 Million South Koreans Dive into Crypto: A Closer Look at the Nation's Trading Boom

Nearly 32% of South Korea's population, or about 16 million people, are now engaged in cryptocurrency trading, with significant participation across various age groups and genders,...

How South Korea Can Lead in the Digital Currency Era: Learning from U.S. Stablecoin Strategies

Kim Yong-beom, CEO of Hashed Open Research, proposes South Korea adopt a strategic approach to stablecoin development, inspired by the U.S. model, to secure a leading position in t...

South Korea Unveils a Massive 10 Trillion Won Supplementary Budget to Combat Economic Challenges and Boost AI

South Korea's government proposes a 10 trillion won supplementary budget focusing on disaster recovery, trade competitiveness, and AI development, urging quick legislative approval...

South Korea's Prime Minister to Strategize with Top Conglomerate Leaders Amid U.S. Tariff War Tensions

South Korea's Prime Minister Han Duk-soo is set to meet with leaders of major conglomerates to discuss strategies against U.S. tariff policies, aiming to protect national industrie...