South Korea News

South Korean Firms Under Fire: High Treasury Stocks Yet Poor Returns Spark Investor Outcry

18 South Korean companies hold over 20% treasury stocks but show poor returns, sparking debates on shareholder value strategies amid new transparency regulations and a lack of divi...

South Korea's Corporate Succession Crisis: KCCI Proposes Bold Inheritance Tax Reforms

The Korea Chamber of Commerce and Industry proposes inheritance tax reforms to ease corporate succession burdens, suggesting a shift towards capital gains tax and deferred payments...

South Korea's Export Economy Faces Double Burden Amid U.S.-China Trade War Tensions

South Korea's export economy is under pressure from the U.S.-China trade war, facing both direct tariffs and indirect competition. Strategic negotiations and adjustments are underw...

South Korea Faces Sharp Decline in Foreign Currency Deposits as Exchange Rates Skyrocket

South Korea's foreign currency deposits are rapidly declining due to surging exchange rates, with experts warning of further depreciation and potential economic interventions amids...

South Korea's FSC Aims to Revolutionize Financial Sector with Goldman Sachs-Inspired Investment Banks

South Korea's FSC is reforming its financial investment business system to create Goldman Sachs-like entities, focusing on corporate finance and venture capital to enhance market c...

South Korea Seeks U.S. Tariff Exemption for Copper Products Amidst Rising Trade Tensions

South Korea's trade association urges the U.S. to exempt its copper products from tariffs, citing minimal market share and significant U.S. investments. Concerns over impacts on po...

South Korea Achieves Record 22-Month Current Account Surplus Amid Global Economic Challenges

South Korea has achieved a current account surplus for 22 consecutive months, highlighting its economic resilience. February's surplus was $71.8 billion, with significant growth in...

South Korea Unveils Massive 3 Trillion Won Aid to Shield Auto and Tech Industries from U.S. Tariffs

South Korea announces a 3 trillion won financial aid package to protect its auto and tech industries from U.S. tariffs, with a focus on emergency support for the automobile sector ...

South Korea Announces $2 Billion Rescue Package for Auto Industry Amid US Tariff Crisis

South Korea has announced a $2 billion emergency aid package for its car industry following US tariffs on foreign cars. The funds will be distributed through state-run lenders, wit...

South Korea's Forex Reserves Climb to $409.7 Billion in March, Defying Market Volatility

South Korea's foreign exchange reserves unexpectedly increased to $409.66 billion in March, despite global market volatility. Factors include higher dollar deposits and a weaker U....

South Korea's F4 Meeting Addresses Financial Stability Amid U.S. Tariff Tensions

South Korea's F4 Meeting discusses strategies to counter financial market volatility triggered by U.S. tariffs, with plans for market stabilization and industrial support.

South Korea Mobilizes All Resources as U.S. Imposes 25% Tariff: A Global Trade War Looms

South Korea's acting president Han Duk-soo has ordered a full mobilization of resources to counter the U.S. imposition of a 25% tariff on Korean goods, highlighting the potential f...

South Korea Faces Unprecedented Price Surge in Food and Dining: A Deep Dive into Economic Impacts

South Korea is grappling with a wave of price increases across food and dining sectors, driven by a weaker won and rising raw material costs. Over 40 companies have raised prices, ...

South Korea Faces Persistent Inflation: Consumer Prices Surpass 2% for the Third Month in a Row

South Korea's consumer prices have risen above 2% for the third consecutive month, driven by increases in processed food prices and university tuition fees. The Bank of Korea antic...

South Korea's Inflation Edges Up to 2.1% in March, Surpassing Expectations

South Korea's inflation rate rose to 2.1% in March, slightly above expectations, with the CPI increasing by 0.2% monthly. The core CPI, excluding fresh food and energy, also saw a ...

Over 16 Million South Koreans Dive into Crypto: A Closer Look at the Nation's Trading Boom

Nearly 32% of South Korea's population, or about 16 million people, are now engaged in cryptocurrency trading, with significant participation across various age groups and genders,...

How South Korea Can Lead in the Digital Currency Era: Learning from U.S. Stablecoin Strategies

Kim Yong-beom, CEO of Hashed Open Research, proposes South Korea adopt a strategic approach to stablecoin development, inspired by the U.S. model, to secure a leading position in t...

South Korea Unveils a Massive 10 Trillion Won Supplementary Budget to Combat Economic Challenges and Boost AI

South Korea's government proposes a 10 trillion won supplementary budget focusing on disaster recovery, trade competitiveness, and AI development, urging quick legislative approval...

South Korea's Prime Minister to Strategize with Top Conglomerate Leaders Amid U.S. Tariff War Tensions

South Korea's Prime Minister Han Duk-soo is set to meet with leaders of major conglomerates to discuss strategies against U.S. tariff policies, aiming to protect national industrie...

South Korea Embraces Active Fiscal Policy Amid Economic Slump to Revive Growth and Competitiveness

South Korea shifts to an active fiscal policy to combat economic slowdown, focusing on growth through strategic investments in technology and social safety nets, amid global econom...

South Korea Launches Economic Security Task Force Amid U.S. Trade War Threats

Acting Prime Minister Han Duck-soo announces the Economic Security Strategy Task Force to counter U.S. trade war threats, emphasizing enhanced response capabilities and facing dome...

South Korea Faces Potential High-Level Tariffs from Trump Administration Amid Trade Tensions

South Korea is potentially targeted by the U.S. for high-level tariffs as part of President Trump's strategy to address unfair trade practices, with significant global implications...

South Korea to Launch Groundbreaking Central Bank Digital Currency Trial from April to June

South Korea is set to conduct a Central Bank Digital Currency (CBDC) real transaction test from April to June, involving 100,000 participants. This trial aims to explore the practi...

South Korea to Revoke Short-Selling Ban: A New Era for Market Efficiency and Credibility

South Korea's Financial Services Commission announces the lifting of the short-selling ban on March 31, aiming to enhance market efficiency and credibility with the help of a new c...

South Korea Announces End to Short-Selling Ban on March 31, Boosting Market Confidence

South Korea's Financial Services Commission announces the end of the short-selling ban on March 31, aiming to boost market efficiency and credibility. The Korea Exchange introduces...

South Korea Announces Revival of Short-Selling Starting March 31, Aims to Boost Market Efficiency

South Korea's Financial Services Commission has decided to lift the short-selling ban from March 31, aiming to enhance market efficiency and credibility. The Korea Exchange has dev...

South Korea's Exports Surge by 4.5% YoY, Achieving a $1.1 Billion Trade Surplus in Early March

South Korea's exports from March 1 to 20 increased by 4.5% YoY, reaching $35.5 billion, with a trade surplus of $1.1 billion. Growth was seen in semiconductors, passenger cars, and...

Over 70% of South Koreans Report Deteriorating Household Finances Amid Inflation Woes

A recent survey by the Federation of Korean Industries shows that 71.5% of South Koreans feel their household finances have worsened over the past year, primarily due to inflation....

South Korea Potentially Ranked Among U.S. 'Dirty 15' Over Trade Barriers

The U.S. government is considering including South Korea in its 'Dirty 15' list due to high non-tariff barriers and restrictive trade practices. This move could lead to increased t...

South Korea's Knowledge Services Trade Deficit Narrows to $7.26 Billion in 2024

South Korea's knowledge services trade deficit narrowed to $7.26 billion in 2024, a 43% reduction from 2010, with significant growth in exports and a positive shift in trade dynami...

South Korea's Money Supply Hits Record High for 20th Straight Month, Signaling Robust Economic Activity

South Korea's broad money supply (M2) has grown for the 20th consecutive month, reaching 4,203.8 trillion won in January. This growth, driven by shifts in investment behavior and c...

South Korea Climbs to Second Place Globally in Household Debt: A Deep Dive into the Economic Implications

South Korea ranks second globally with a household debt to GDP ratio of 91.7%, highlighting the challenges of high household debt amidst economic policies and the pandemic's impact...