South Korea faces increasing economic pressure with exports slowing due to trade uncertainties and domestic demand dropping. The government plans a significant extra budget to addr...
South Korea's fiscal deficit hit 61.3 trillion won in Q1, the second-highest on record, with tax revenues up but expenditures slightly down. The managed fiscal balance and central ...
The Korea Development Institute (KDI) has revised South Korea's GDP growth forecast down to 0.8% for the year, citing a construction slump and poor trade conditions. This would be ...
South Korea's unemployment rate unexpectedly dropped to 2.7% in April, with employment numbers rising by 194,000. The employment rate for ages 15-64 also increased, reflecting posi...
The IMF projects South Korea's national debt ratio to GDP will exceed the average of non-reserve currency countries this year, signaling a critical shift in fiscal dynamics and rai...
South Korea's foreign exchange reserves fell to a five-year low in April, dropping by nearly $5 billion due to increased exchange rate volatility and swap transactions with the Nat...
South Korea recorded a current account surplus of $9.14 billion in March, marking the 23rd consecutive month of surplus. Exports and imports showed positive growth, with semiconduc...
The South Korean government borrowed a record 71 trillion won from the Bank of Korea to cover fiscal revenue shortfalls, amid economic stagnation and reduced tax collections. This ...
South Korea's inflation rate remained steady at 2.1% in April, indicating economic stability. Experts are analyzing the implications for the broader economy and the effectiveness o...
South Korea's ruling and opposition parties have agreed on a 13.8 trillion won supplementary budget, increasing the initial proposal by 1.6 trillion won. Key allocations include su...
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...
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 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...
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'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 improves slightly despite U.S. tariff concerns, driven by semiconductor sector growth. Manufacturing and non-manufacturing sectors show resil...
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 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, excluding semiconductors, is expected to face significant declines in May, with key indicators like production, domestic demand, and exports fal...
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 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'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 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...
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...
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 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'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 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'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 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 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 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...
