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Saturday, Aug, 22, 2026

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ECONOMY

  • Urban areas account for only 16.7% of land, yet 9 in 10 citizens reside in cities

    A total of 92.1 percent of the national population was found to reside in urban areas, which account for a mere 16.7 percent of the total land area. While the land areas of residential, commercial, and industrial zones have increased since 2021, green zones saw a slight decline. Development activity permits have shown a downward trend over the past five year..

  • [Exclusive] Woori Financial chief issues stern profit order to Woori Investment Bank CEO

  • Woori Financial Group Chairman Lim Jong-ryong has ordered Woori Investment Bank to spearhead the efforts to boost the group's non-banking profitability, fo..
  • Surging exchange rates and inflation rattle market rates, weighing on borrowers

  • With the high exchange rate phase of well over 1,500 won persisting long-term, borrowers are facing deepening anxiety. This comes as the rising won-dollar..
  • FTC approves NS Home Shopping’s acquisition of Homeplus Express

  • The Fair Trade Commission (FTC) approved NS Home Shopping's acquisition of Homeplus Express. The antitrust regulator determined that the transaction would..
  • Vanishing social mobility: Widening asset, income gap hits youth

  • The Bank of Korea (BOK) warned that the South Korean economy is facing a "composite polarization" where gaps in both assets and income are widening simulta..
  • South Korea, Italy team up to improve trade environment and boost ties in AI and chips

  • The Ministry of Trade, Industry and Energy announced that South Korea and Italy have agreed to improve the trade environment and expand cooperation in adva..
  • MSS, Italy to boost cooperation in cooperative sector

  • The Ministry of Startups and SMEs (MSS) held the "Korea-Italy Cooperatives MOU & Seminar" at the Grand Hotel Plaza in Rome, Italy, on the 11th (local t..
  • FSS warns securities firms over risky, concentrated investments

  • Amid growing volatility in domestic and global stock markets, South Korea’s Financial Supervisory Service (FSS) has urged securities firms to refrain from..
  • May employment drops by 40,000, manufacturing and youth hit hardest

  • Last month, the number of employed people declined for the first time in 17 months. Analysts attribute the drop largely to a sharp reduction in manufacturi..
  • [Behind the Scenes] Jeonse loans blamed for home price spikes: Will banks start tracking government cues?

  • "The expansion of jeonse loans was a primary driver behind rising housing prices."With this single remark from President Lee, all eyes within and outside t..
  • Deputy PM says recovery continues, summit diplomacy to create growth engines

  • Koo Yun-cheol, South Korea’s Deputy Prime Minister and Minister of Economy and Finance, said that the Korean economy continues to show a solid recovery des..
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"Hallyu ban to be removed quickly": Hopes of thaw in Seoul-Beijing ties

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