The Democratic Party of Korea has proposed an additional 700 billion won budget cut, bringing the total reduction to 4.8 trillion won. This decision reflects the current political ...
The political crisis in South Korea has significantly impacted various industries, particularly the hospitality and tourism sectors. Year-end events and reservations have been canc...
The rejection of the impeachment motion against President Yoon Suk Yeol in South Korea has raised concerns about potential economic fallout, including a possible plummet in the Kor...
South Korea's job market saw a sluggish growth in 2023 with only 200,000 new jobs created, marking the lowest annual increase on record. The job market dynamics shifted with a decl...
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok assures market stability amid political uncertainty, emphasizing government's determination to tackle domest...
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...
