Korea to lift most COVID-19 rules with lower crisis level

South Korean President Yoon Suk Yeol on Thursday declared an end to most COVID-19 restrictions including mandatory quarantine for patients of the pa...

S.Korea in March posts first current account surplus in 3 months

South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous ...

S.Korea’s chronic disease: Decline in youth employment

The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns t...

Money moves from US, China to India for higher returns

For investors looking for higher returns in emerging markets, India is undoubtedly a market darling.The Asian country, widely expected to become the...

Seoul eyes opening doors to domestic helpers from Southeast Asia

Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea...

BOK chief says rate cut premature despite slower growth

South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...

Korean retail investors net buy bonds at record $3.2 bn in April

South Korean individual investors flocked to the bond market with net purchases of 4.25 trillion won ($3.2 billion) in April, the highest record on ...

Chinese weak domestic demand causes S.Korean trade deficit: report

The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...

S.Korea’s 20-somethings tighten belts due to high interest rates: report

The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...

S.Korea to offer subsidies to foreigners investing in advanced technologies

Foreign companies investing in the fields of semiconductor, display and secondary batteries, which are part of South Korea's national strategic tech...

Korea's expected inflation hits 11-month low

South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...

S.Korea’s public spending on maternity, child care falls short of OECD average

South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...

Ponzi scheme suspected behind SocGen-triggered Korean stock havoc  

The South Korean financial authorities will investigate whether unfair trading practices are behind leverage trading after massive margin call reque...

Korea avoids recession on strong consumption; outlook still tough

South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...

SocGen dumps Korean stocks, likely due to client margin calls

Société Générale S.A. (SocGen) on Monday dumped South Korean shares sending their prices to daily limit lows, which loca...

Korean won near 5-month low despite weak dollar; outlook dark

The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundamen...

S.Korea to raise R&D's share of defense budget to 10%

South Korea will develop a reconnaissance and interception system to respond to North Korea's nuclear weapons and missile threats from space by rais...

China, India: Korean investors’ next stock investment targets

The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With ...

North Korea's first spy satellite launch imminent

North Korean leader Kim Jong-un instructed officials to make preparations to launch its first military reconnaissance satellite as planned, the Nort...

S.Korea's data market is estimated at $19 bn last year

The size of South Korea's data industry market is expected to exceed 25 trillion won ($18.96 billion) last year.According to the results of a surv...

Korean banks’ profits hamstrung by tighter rules, consumer behavior

South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...

S.Korea to dispatch key minerals investigation teams to Chile, Argentina

South Korean government will dispatch a public-private partnership key minerals business survey team to Chile and Argentina to revitalize overseas r...

S.Korea's number of youth hires falls 90,000 in March

The number of youth hired for regular or "high-quality" jobs in South Korea fell over 40,000 last month year on year, while the ranks of jobs of a p...

Korean economy unlikely to rebound in H2; BOK may keep rate

South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...

Koreans’ love for EcoPro stock may jeopardize short-sellers

South Korean individual investors have been chasing shares in EcoPro group, the country’s major electric vehicle battery materials manufacture...

BOK chief says tightening not over after rate freeze

South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...

S.Korean stocks at 8-month high as foreigners chase Samsung

South Korean stocks hit an eight-month high on Monday as foreign investors continued to chase Samsung Electronics Co., the country’s most valu...

BOK to hold rate on Tuesday as inflation, growth ease

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

Super-rich Koreans eye return to stocks despite weaker economy

The super-rich in South Korea are eyeing stocks for investments despite a slowdown in Asia’s fourth-largest economy this year, expecting the l...

Korean won at 1-yr low vs yen; end of boon for exporters

The South Korean won has extended its losses against the yen, with the Japanese currency highly sought after as a safe haven asset in the wobbly fin...