South Korea's Ministry of Economy and Finance aims for a 1% growth rate, exceeding global forecasts through fiscal and regulatory reforms. Challenges include overcompetitive market...
South Korea's annual inflation rate slightly decreased from 2.2% in June to 2.1% in July, with the CPI rising by 0.2% monthly. Excluding fresh food and energy, the CPI increased by...
South Korea and the U.S. have struck a deal reducing tariffs to 15% in exchange for a $450 billion investment, ending FTA benefits and leaving sectors like semiconductors in tariff...
South Korea announces a significant tax reform, increasing corporate taxes for the first time in eight years, affecting SMEs and large corporations alike. The move contrasts with g...
South Korea reported a $6.61 billion trade surplus in July, with exports rising by 5.9% to $60.8 billion and imports by 0.7% to $54.2 billion. Semiconductor exports surged 31.6% to...
South Korea's 2025 tax reform introduces significant increases in corporate, education, and securities transaction taxes, aiming to raise 8.1 trillion won annually. Concerns arise ...
South Korea's national tax revenue increased by 21.5 trillion won in the first half of the year, reaching 190 trillion won, driven by higher corporate and income taxes. This growth...
South Korea's key industries and international bodies express deep concerns over proposed labor law amendments, fearing negative impacts on industrial competitiveness and foreign i...
South Korea's medical tourism hits a record high with over 1 million foreign patients, spending 7.5039 trillion won. Dermatology and plastic surgery lead the surge, with significan...
South Korea plans a major capital increase for the Export-Import Bank to support the MASGA project, aiming to boost U.S. shipbuilding through investments and financial support from...
South Korea has proposed the "Make American Shipbuilding Great Again" project to the U.S., featuring massive investments and financial support, aiming to boost the U.S. shipbuildin...
South Korea's ruling party is fast-tracking amendments to labor laws to ease strike regulations, sparking concerns over industrial disruption and legal ambiguities among businesses...
South Korea's tax burden rate has hit an eight-year low at 17.6%, prompting debates on tax policies. The government plans to adjust taxation, including raising corporate taxes, ami...
South Korea proposes a $100 billion investment plan in trade talks with the U.S., involving major corporations like Samsung and Hyundai, to negotiate lower tariffs and strengthen e...
South Korea is in talks to make significant U.S. investments to lower tariffs, following Japan's lead. Negotiations involve a potential $400 billion fund and adjustments in key sec...
South Korea and the U.S. are preparing for a critical '2+2' tariff meeting on July 25, with high-level officials from both sides discussing trade strategies to protect national int...
South Korea's real estate market is experiencing a boom, especially in new housing districts. These areas, developed through urban renewal, offer modern living and are attracting s...
South Korea's financial sector launches a 20 billion won support package for small businesses and local residents affected by heavy rain, offering reduced interest rates, loan exte...
South Korea's DAPA announces a plan to foster 300 innovative firms in AI, space, and other sectors by 2027, with significant investments aimed at localizing next-generation defense...
South Korea's national wealth exceeds 24 quadrillion won, driven by rising housing prices and overseas stock markets. Household net assets per capita surpass Japan for the third ye...
South Korea is considering doubling its U.S. LNG imports to address trade deficits, amid ongoing negotiations and U.S. demands for broader economic cooperation. This strategic move...
South Korea's retail sector shows highest economic recovery expectations in four years for Q3, driven by government policies, stock market rebound, and consumer coupons, with conve...
Bank of Korea Governor Rhee Chang-yong warns of faster housing price rises in South Korea than last year, calling for stronger macroprudential policies and expanded central bank au...
South Korea's budget deficit for January to May improved to 54.2 trillion won, showing a significant recovery from the previous year. Revenue increases and controlled expenditures ...
South Korean companies, especially in petrochemicals, secondary batteries, and construction, face credit rating downgrades in H2, reflecting industry polarization and affecting cor...
South Korean securities and futures companies reported a net profit of 2.4 trillion won in Q1, with large firms benefiting from interest rate cuts and small firms seeing slight imp...
South Korea's President Lee Jae-myung is set to revolutionize the country's digital asset landscape with policies promoting virtual assets, including the introduction of spot ETFs ...
The South Korean government has requested the U.S. to exempt car carrier ships from a new entry fee, citing potential harm to bilateral trade and industries. This move comes in res...
South Korea's potential growth rate is predicted to fall below 2% for the first time, signaling a concerning low-growth trend. The OECD's latest report estimates it at 1.9%, highli...
The South Korean government announces the distribution of economic recovery consumer vouchers starting July 21, offering up to 600,000 won per person to stimulate local businesses ...
South Korea's current account surplus in May exceeded $10 billion, driven by strong semiconductor exports and reduced imports, marking the 25th consecutive month of surplus and the...
South Korea's Trade Minister Yeo Han-koo is urgently visiting the U.S. to negotiate trade terms and participate in the Alaska LNG project, amidst threats of reciprocal tariffs. The...
