Economy News

Economy

South Korea Accelerates Regulatory Reforms to Boost Semiconductor Industry

Government and business leaders in South Korea convene to discuss and agree on swift improvements to unreasonable regulations, particularly those affecting the semiconductor indust...

Economy

South Korea to Announce Supply Chain Plans and Restructure Petrochemical Industry

South Korea's government plans to announce supply chain strategies for semiconductors and batteries, and induce restructuring in the petrochemical industry. Deputy Prime Minister C...

Economy

Enterprise Boom: Over 218,500 Businesses Established and Resuming Operations in 11 Months

In November, nearly 11,200 new enterprises were established with total registered capital of VND138.6 trillion. Over 7,700 enterprises resumed operations, while more than 96,200 su...

Economy

Korea-U.S. Economic Partnership Strengthened in High-Level Virtual Meeting

Deputy Prime Minister Choi Sang-mok held a video meeting with U.S. Treasury Secretary Janet Yellen, reaffirming strong economic and financial cooperation. Choi emphasized stable go...

Economy

Korean and U.S. Business Leaders Call for Strengthening FTA

Korean and American business leaders urge governments to ensure stability and predictability in business activities through consistent policies, emphasizing the importance of the K...

Economy

Bank of Korea's Aggressive RP Purchases Amid Martial Law: A Strategic Move to Stabilize Markets

The Bank of Korea has purchased 14 trillion won in repurchase agreements since martial law declaration to stabilize markets. Authorities are closely monitoring conditions and incre...

Economy

South Korea's Export Surge Defies Martial Law: A Closer Look

South Korea's exports surged by 12.4% in early December, driven by significant rises in semiconductor and computer peripheral exports, despite martial law. The Ministry of Trade, I...

Economy

Exchange Rate Surge Threatens South Korean Battery and Aviation Industries

The surge in the won-dollar exchange rate is causing significant distress for South Korean companies, particularly in the battery and aviation industries. The sharp rise in the exc...