South Korea economy News

South Korean Won Plummets to 15-Year High Against Dollar as Short Selling Resumes

The won-dollar exchange rate hit a 15-year high in Seoul, influenced by resumed short selling and anticipation of new U.S. tariffs. Market volatility and political uncertainty pose...

Over 430,000 Small Business Owners Face Financial Struggle Amid Rising Debts and Economic Slowdown

Nearly 430,000 small business owners in South Korea are facing financial difficulties due to rising debts and a sluggish economy, with loan delinquency rates hitting an 11-year hig...

Why the Korean Won Continues to Struggle: A Deep Dive into Its Weakness Against Global Currencies

The South Korean won remains weak against global currencies due to political uncertainty, sluggish domestic consumption, and U.S. tariff threats. Experts predict continued deprecia...

How Trump's Tariffs on Canada, Mexico, and China Could Impact South Korea's Economy

An analysis suggests that Trump's tariffs on Canada, Mexico, and China could significantly impact South Korea's economy, potentially more than China, due to its reliance on interme...

Bank of Korea's Policy Challenges Amid Economic Uncertainty

South Korea's CDS premium and government bond yield rise amidst political turmoil, reflecting economic anxiety. The Bank of Korea's rate cut proves ineffective, and soaring U.S. Tr...

Martial Law Fallout: South Korea's Economy Faces Uncertain Future

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...