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Household debt extended by banks in South Korea continued to increase at a steady pace in November, while fresh bank deposits spiked at the highest level in nearly five years, central bank data showe...
South Korea’s jobless rate fell to 3.1 percent in November, and job additions came to over 330,000, data showed Dec. 11. The unemployment rate decreased 0.1 percentage point on-year, and the numb...
South Korea may have been hit the hardest among major economies by the protracted trade dispute between the United States and China due to its high dependence on exports to the countries, a report sa...
South Korea’s vice finance minister said Dec. 9 the government will swiftly take measures to stabilize its financial markets in case of increased volatility amid renewed concerns about the trade war ...
New foreign direct investment pledged to South Korea has surpassed $20 billion this year, thanks to rising interest in the nation’s materials, parts and equipment industries, government data showed D...
South Korea’s efforts to tackle environmental issues related to power generation using conventional technologies are no longer sustainable, and the only way forward -- apart from expanding renewable ...
Global influencers visited Jeju Island from Dec. 2-5 to participate in a tour hosted by the Jeju World Natural Heritage Center. According to the Jeju World Natural Heritage Center, the island is th...
President Moon Jae-in pledged Dec. 5 to expand South Korea‘s global free trade agreement network to boost its economic growth and fend off protectionism. In an address to mark the Trade Day, Moon...
South Korea’s current account surplus grew slightly from a month earlier to reach a 12-month high in October as its service account deficit narrowed while its primary income account surplus expanded,...
The South Korean economy expanded 0.4 percent from three months earlier in the third quarter as earlier estimated, the Bank of Korea said in its latest revision released Dec. 3. The third-quarter...
South Korea’s consumer prices rose 0.2 percent on-year in November, marking the first gain in four months, the statistics agency said Dec. 2. The consumer price index stood at 104.87 in November,...
The South Korean economy is expected to bounce back next year, although its expansion may be weaker than expected due to falling exports and weak consumer sentiment. Asia’s No. 4 economy is expec...
South Korea and Cambodia agreed to launch a joint feasibility study on their potential free trade agreement in a move to forge deeper economic ties and expand exchanges, Seoul’s Trade Ministry said N...
South Korea will hold an annual consultation with Fitch Ratings this week on the country’s sovereign rating, the Finance Ministry said Bov. 25. A three-member Fitch delegation led by James McCorm...
South Korea’s exports are expected to drop for the 12th month in a row this month, a poll showed Nov. 25, due mainly to sinking overseas demand for chips. Outbound shipments are likely to fall 10...
Local fintech startup unveils Korea’s first commercial system to rule out naked short selling
Kakao’s financial subsidiaries gear up for 2021 IPOs
Hanwha Asset gains PFM license for mainland China
Woori Financial’s Q3 net profit drops 1.13%
NH NongHyup sets up Myanmar branch
Kakao to raise $300m in Singapore to muster up M&A dry powder
Shinhan Financial, Grab partner on digital finance services in Vietnam
Car sharing startup Socar becomes 12th unicorn in S. Korea
November 01, 2020
