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ECONOMY

  • Korea, Indonesia extend currency swap for five years

    South Korea and Indonesia have agreed to extend their won–rupiah currency swap agreement for five years, strengthening bilateral financial cooperation and trade ties.On Wednesday, the Ministry of Economy and Finance said the Bank of Korea and Bank Indonesia decided to extend the currency swap agreement from Feb. 6, 2026, to March 5, 2031. The deal, first sig..

  • Consumer sentiment rises for third straight month amid new government optimism

  • Consumer sentiment in South Korea climbed for a third consecutive month in June, buoyed by growing expectations for the newly launched Lee Jae-myung admini..
  • KOSPI closes above 3,000 for first time in 3.5 years, signaling return to ‘3,000 era’

  • South Korea’s benchmark KOSPI index surged past the symbolic 3,000-point threshold on June 20, closing at its highest level since December 28, 2021, when i..
  • Gov't to curb housing market overheating and household loans with tighter bank regulations

  • The Lee Jae-myung administration is considering imposing new banking regulations that would require financial institutions to set aside additional capital..
  • President Lee to finalize second supplementary budget on June 19 to boost livelihoods

  • President Lee Jae-myung will confirm the 2025 second supplementary budget (extra budget) during a Cabinet meeting on June 19, shortly after returning from..
  • Korea falls to 27th in global competitiveness; corporate efficiency plunges

  • South Korea dropped seven spots to rank 27th in the latest World Competitiveness Ranking released by the International Institute for Management Development..
  • Banks uneasy as President Lee’s debt relief plan nears implementation

  • The Lee Jae-myung administration is accelerating its inclusive finance agenda, focusing on support for small business owners. However, South Korea’s bankin..
  • OECD slashes South Korea’s growth forecast to 1.0% amid U.S. tariffs

  • The Organisation for Economic Co-operation and Development (OECD) has sharply downgraded its forecast for South Korea’s economic growth this year to 1.0%,..
  • Bank of Korea cuts key rate to 2.5% to boost economy

  • The Bank of Korea (BOK) on May 29 lowered its benchmark interest rate by 25 basis points, from 2.75 percent to 2.5 percent. This marks the fourth rate cut..
  • Consumer sentiment rebounds in May amid budget boost and tariff relief

  • Consumer confidence in South Korea is picking up in May, buoyed by the recent passage of a supplementary budget, a temporary suspension of reciprocal tarif..
  • Korea posts $9.14B current account surplus in March

  • South Korea posted a current account surplus of over $9 billion in March, marking the 23rd consecutive month in the black. The strong performance was drive..
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“Hallyu ban to be removed quickly”: Hopes of thaw in Seoul-Beijing ties

· “Efforts will be made to remove Hallyu ban quickly”
· SK Group Chairman heads to Japan to soften “WD risk”

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Jang Won-young shines as BVLGARI’s holiday muse

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