Trump's Universal Tariff Plan: A New Era for U.S. Trade Policy
Experts predict the Trump administration will soon implement universal tariffs, impacting trade relations with South Korea and potentially affecting companies in Mexico, Canada, an...
South Korea News
South Korea's Leading Crypto Exchange Upbit Faces Operational Suspension Over KYC Compliance Failures
South Korea's top cryptocurrency exchange, Upbit, faces a suspension order from financial authorities due to KYC compliance failures. The move underscores the government's efforts ...
Bank of Korea Holds Steady: Key Interest Rate Remains at 3% Amid Market Speculations
The Bank of Korea has decided to keep its benchmark interest rate unchanged at 3%, contrary to market expectations. This decision reflects the central bank's cautious stance amid c...
Asia-Pacific Markets React Variably to Historic Arrest of South Korea's President
Asia-Pacific markets displayed mixed reactions following the arrest of South Korea's impeached President Yoon Suk-yeol. While some indices like South Korea's Kospi Composite and Ja...
Hyundai's 2024 Global Sales Dip to 4.14 Million: A Closer Look at the Numbers
Hyundai Motor Company reports a 1.8% decline in global sales for 2024, with 4.14 million vehicles sold. Domestic sales in South Korea dropped by 7.5%, while overseas sales saw a sl...
Asian Markets Show Mixed Signals Following Wall Street's Downturn
Asian stock markets showed mixed results after Wall Street's downturn, with significant attention on South Korea's political situation and market stabilization efforts. Australia a...
Jeju Air CEO Barred from Leaving South Korea Amidst Crash Investigation
South Korean police have banned Jeju Air CEO Kim E-bae from leaving the country as part of the investigation into a plane crash that killed 179 people. Raids were also conducted on...
Bank of Korea Governor Advocates for Economic Policy Independence from Political Influence
Bank of Korea Governor Rhee Chang-yong criticizes Cabinet members for opposing the appointments of Constitutional Court judges, emphasizing the need for economic policy independenc...
Jeju Air Grapples with Massive Flight Cancellations Following Fatal Crash
Jeju Air, a South Korean low-cost carrier, faces mass flight cancellations following a fatal Boeing 737-800 crash. The incident, resulting in 179 fatalities, has led to 68,000 canc...
Is Boeing Facing a Crisis? The Latest on Landing Gear Issues After South Korea Crash
Boeing's landing gear issues are in the spotlight again after a Jeju Air 737-800 crash in South Korea and a KLM flight's runway excursion in Oslo. These incidents add to a series o...
South Korea Sees Surge to 15.5 Million Crypto Investors Amid Trump Effect
South Korea's cryptocurrency market has seen a significant increase, with over 15 million investors by November. This growth is attributed to the anticipation of favorable policies...
Soaring Exchange Rates Challenge South Korea: Exporters and Households Under Pressure
South Korea faces a challenging economic landscape as the won-dollar exchange rate soars past 1,460 won, impacting exporters and households. Government measures and political uncer...
Martial Law Declaration Triggers Massive Cash Reserves Surge in South Korea
Following President Yoon Suk Yeol's martial law declaration, South Korean investors rapidly sold stocks and held funds in cash, leading to a surge in CMA balances and cautious mark...
Won-Dollar Exchange Rate Surge Drives Import Price Index Upward for Second Month
South Korea's import price index rises for the second consecutive month due to a surge in the won-dollar exchange rate, despite a drop in international oil prices. The Bank of Kore...
Korean Air's Historic Merger with Asiana Creates Asia's Aviation Giant
Korean Air finalizes acquisition of Asiana Airlines, forming one of Asia's largest airlines. The merger, valued at US$1.3 billion, aims to consolidate South Korea's aviation sector...
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...
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...
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...
South Korea's Economic Stability: FSS Governor Addresses Global Analysts Amid Martial Law
FSS Governor Lee Bok-hyun reassures global investment bank analysts about South Korea's economic stability amid martial law concerns. The meeting aimed to address foreign investor ...
Kospi Plunges 2.6% Amid Political Turmoil in South Korea
Major stock indices in the Asia-Pacific region traded mostly lower on Monday, with South Korea's Kospi dropping 2.62% amid heightened political tensions. A motion to impeach Presid...
European Markets Await Key Data Amid Geopolitical Shifts
European markets are set to open mostly flat as investors await the Eurozone's investor confidence survey. Geopolitical events, including South Korean President Yoon Suk-yeol's imp...
South Korea's KOSDAQ Tumbles Over 5% Amid Political Turmoil and Currency Crisis
South Korea's KOSDAQ experiences a significant drop of over 5% due to political instability and an impeachment crisis involving President Yoon Suk Yeol. The won also hits its lowes...
Political Turmoil in South Korea: How Will It Affect Government Bond Yields?
An analyst at Hanwha Investment & Securities predicts that the impact of a martial law situation on government bond yields would be limited. This forecast comes in the wake of rece...
South Korea's Political Turmoil Threatens Economic Growth: Goldman Sachs Analysis
Goldman Sachs warns of increased economic risks in South Korea due to political instability, including martial law and impeachment proceedings. The forecast for 2025 growth rate is...
South Korea's Democratic Party Proposes Further Budget Cuts Amid Political Turmoil
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 ...
South Korea's 2025 GDP Growth Forecast Revised Down to 2.1% by OECD
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...
Choi Sang-mok: The Crucial Role of Managing South Korea's External Credibility
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok convened an expanded executive meeting at the Government Complex Seoul on December 9, focusing on managing S...
Korea and Bangladesh Kick Off Historic Economic Partnership Talks
South Korea and Bangladesh have officially commenced negotiations for the Korea-Bangladesh Economic Partnership Agreement (EPA), aiming to strengthen economic cooperation and elimi...
Potential Supplementary Budget Looms: A Shift in Yoon's Fiscal Policy?
The Office of the President hints at a potential supplementary budget for next year, marking a shift in President Yoon Suk Yeol's fiscal policy. This move could signal more active ...
Online Shopping Market Faces Slowest Growth Since 2017 Amid Economic Challenges
The online shopping market in South Korea saw its lowest growth rate since 2017, with a mere 0.6% increase in October transaction amounts. This slowdown is attributed to economic c...
South Korea's Virtual Asset Committee Takes Bold Steps to Open Crypto Market to Corporations
The Virtual Asset Committee in South Korea held its inaugural meeting to discuss issuing real-name accounts to corporations, a move that could significantly impact the virtual asse...
Bithumb Faces Raids Amidst Market Manipulation Allegations
Prosecutors raided Bithumb, one of South Korea's largest virtual asset exchanges, on Nov. 1 in connection with allegations of unfair trading practices involving the cryptocurrency ...
