South Korea News

South Korea Plans KDB Fund to Boost High-Tech Industries and Economic Growth

South Korea's Financial Services Commission announces a new KDB fund to support high-tech industries and local real estate markets, aiming to boost economic growth and industrial c...

South Korean Exporters Face Double Burdens: Tariffs and Non-Tariff Barriers Rise

South Korean exporters face increased U.S. import restrictions, including anti-dumping and countervailing duties, under Trump's trade policies. Concerns grow over the impact on Sou...

South Korea Faces a 5.1% Drop in Exports Mid-January Amid Lunar New Year Impact

South Korea's exports decreased by 5.1% in mid-January, influenced by the Lunar New Year holidays reducing working days. Despite a rise in semiconductor exports, declines were note...

South Korea Boosts Government Bond Sales in Anticipation of WGBI Index Inclusion

South Korea is enhancing its government bond sales strategy in anticipation of its inclusion in the World Government Bond Index (WGBI) this November. The government plans to host a...

South Korea's GDP Growth Forecast for 2025 Adjusted Downward Amid Political Uncertainties

The Bank of Korea has revised its 2025 GDP growth forecast downward to 1.6-1.7%, citing political uncertainty and government budget cuts as key factors. Efforts to stabilize econom...

South Korea's Economic Outlook Dims: Employment Slump and Rising Pressures Highlighted in Latest Green Book

South Korea faces a significant employment slowdown and increased economic pressures, as highlighted in the latest Green Book. The government shifts its focus towards employment ov...

December Sees Record $3.86 Billion Foreign Investment Exodus from South Korea

In December, South Korea experienced its largest foreign investment outflow since March 2020, with $3.86 billion withdrawn from its stock and bond markets. Political instability, b...

South Korea's Bond Market Booms with 3 Trillion Won Influx Amid Rate Cut Speculations

South Korea's bond market experiences a significant influx of 3 trillion won as investors anticipate a base rate cut and the country's inclusion in the World Government Bond Index....

South Korea's FKI Demands Swift Tax Reform to Revive Economy and Enhance Global Competitiveness

South Korea's FKI calls for urgent tax reforms to address the economic downturn, support small businesses, and boost high-tech industries. Legislative delays are causing uncertaint...

Record-Breaking Year: South Korean Individual Investors Pour Over 40 Trillion Won into Bonds

South Korean individual investors set a new record by net purchasing bonds worth over 40 trillion won last year, driven by the Bank of Korea's interest rate cuts and the country's ...

South Korea's Export Growth in Early January: A Semiconductor Surge Leads the Way

South Korea's export volume increased by 3.8% in early January, driven by a significant surge in semiconductor exports. While some sectors like passenger cars and steel products sa...

South Korea Pledges Rapid Action to Stabilize Financial Markets Amid Volatility

South Korea's acting President Choi Sang-mok has announced the government's readiness to implement swift and bold measures to stabilize the financial and foreign exchange markets. ...

South Korea Shatters Export Records in 2024 with $683.8 Billion Milestone

South Korea set a new export record in 2024 with $683.8 billion, driven by semiconductor and ship exports. This achievement moved the country to sixth in global export rankings, wi...

South Korea Launches Massive 360 Trillion Won Trade Finance Initiative to Propel Exports

South Korea has announced a 360 trillion won trade finance plan to support its export-driven economy, including a Special Program for Mega Orders and measures to diversify export m...

South Korea Faces a Critical Shortage of 39,000 Industrial Technology Workers

South Korea is grappling with a significant shortage of 39,000 industrial technology workers, despite overall workforce growth. Key industries like semiconductors and biohealth are...

South Korea's Economy Struggles as Production Index Drops for Third Month

South Korea's production index falls for the third consecutive month due to strikes and industry sluggishness, marking the longest decline in construction investment history. Econo...

South Korea on the Brink: Political Turmoil and Economic Uncertainty Post-Leaders' Impeachment

South Korea faces political and economic uncertainty after the impeachment of its top leaders, with concerns over international credibility and calls for a political system overhau...

South Korean Financial Markets Shaken as Exchange Rate Hits 1,480 Won and KOSPI Drops Below 2,400 Amid Political Crisis

South Korea's financial markets face turbulence as the won/dollar exchange rate exceeds 1,480 won and the KOSPI index falls below 2,400, amid political instability and a proposed i...

South Korea's Business Confidence Plummets to Four-Year Low Post-Martial Law

South Korea's business sentiment has reached its lowest point in over four years, since the COVID-19 pandemic, following the declaration of martial law. The Composite Business Sent...

South Korea Announces Historic Won-Denominated Forex Stabilization Bonds After 22 Years

South Korea plans to issue won-denominated foreign exchange stabilization bonds for the first time in 22 years, starting January. This move aims to stabilize the won-dollar exchang...

South Korea Faces Unprecedented Crisis: 986,000 Self-employed Businesses Shut Down in 2023

In 2023, South Korea witnessed a record high of 986,000 self-employed business closures, the highest since 2006. This surge, driven by economic downturns and rising labor costs, hi...

South Korea's Fund Market Skyrockets by $68.33 Billion in 2024, Driven by Overseas Stock ETFs

South Korea's fund market grew by nearly 100 trillion won in 2024, driven by the popularity of ETFs focused on foreign stocks. Analysts predict this trend will continue, influenced...

Political Unrest Sparks Massive Foreign Investor Exodus from South Korea's Financial Markets

Foreign investors are rapidly withdrawing from South Korea's financial markets due to political instability and the declaration of martial law, leading to significant declines in s...

South Korea Boosts Policy Finance to 247.5 Trillion Won for 2025, Focusing on Strategic Industries

South Korea increases policy finance to 247.5 trillion won for 2025, focusing on strategic industries like AI, semiconductors, and support for SMEs. The initiative aims to bolster ...

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...

South Korea to Swiftly Execute $230M Second Value-Up Fund Amid Market Volatility

South Korea's Deputy PM Choi Sang-mok announced the prompt execution of a $230M second value-up fund and measures to improve the foreign exchange market, aiming to stabilize the ma...

South Korea's Manufacturing Sector Plunges to a Two-Year Low Amidst Political Turmoil

South Korea's manufacturing sector records its lowest Professional Survey Index in two years, falling below the standard amid political uncertainties and economic challenges. The D...

South Korea's Export Outlook Dims as Sentiment Index Falls Below Baseline

South Korea's export sentiment index falls below baseline for the first time in four quarters, signaling a pessimistic outlook among exporters. Key sectors face significant challen...

South Korea's Ambitious Plan: Massive Investment in Advanced Industries

South Korea plans to invest 25.5 trillion won in advanced industries by 2025, focusing on semiconductors, displays, secondary batteries, and bio, with new designations for humanoid...

South Korea to List Foreign Exchange Stabilization Bonds on Luxembourg Stock Exchange Amid Currency Volatility

South Korea announces measures to stabilize the foreign exchange market, including listing Foreign Exchange Stabilization Bonds on the Luxembourg Stock Exchange, abolishing foreign...

South Korea Unveils Bold Measures to Strengthen Dollar Liquidity and Boost Export Financing

South Korea is expanding banks' forward exchange position limits by 50% and easing foreign currency loan regulations to improve foreign exchange liquidity and support exporting com...

Why South Korea's Massive Income Growth Doesn't Translate to Better Living Standards

Despite South Korea's per capita GNI increasing 540-fold over 70 years, citizens' perceived income levels have deteriorated. The ratio of PGDI to per capita GNI has declined to an ...