South Korea's current account surplus reached $9.78 billion in October, driven by strong exports of semiconductors and automobiles. This marks the sixth consecutive month of surplu...
Kia Corp. has achieved a significant milestone by securing a $25 billion export tower in its 80th year of operation. The company's rebranding and strategic shift towards high-profi...
The declaration and lifting of martial law by President Yoon Suk Yeol is expected to further weigh on South Korea's already fragile economy. Prolonged instability could drive up in...
Deputy Prime Minister Choi Sang-mok urged the National Assembly to swiftly pass major bills, including the Special Semiconductor Act, to enhance industrial competitiveness. He also...
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has sent an urgent letter to finance ministers of various countries, heads of major international organizati...
Bank of Korea Governor Rhee Chang-yong dismissed the possibility of further rate cuts on Dec. 4, stating that there is no reason to change the economic outlook due to the martial l...
South Korea's economy grew by 0.1% in Q3, according to the Bank of Korea. This modest growth reflects various sectoral challenges, with decreases in exports and construction invest...
The OECD has revised its forecast for South Korea's GDP growth in 2025 to 2.1%, down from 2.2%. This projection surpasses forecasts from the IMF, KDI, and the Bank of Korea, and is...
