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ECONOMY

  • July current account surplus hits record 42.08 billion dollars on strong chip exports

    Driven by sustained strength in semiconductor exports, South Korea's current account balance logged its largest-ever surplus for any July. In monthly terms, it marked the second-largest surplus in history, following the all-time high set in June. According to preliminary balance of payments data for July 2026 released by the Bank of Korea (BOK) on the 4th,..

  • KB Financial Group set to pick new chairman

  • As the announcement of KB Financial Group's shortlist for its next chairman draws just a week away, attention is also shifting toward the year-end reshuffl..
  • S. Korea-US currency swap and BOK 'big step' will help stabilize exchange rate, experts say

  • Analysis indicates that the surging won-dollar exchange rate into the mid-1,500 won range is driven more heavily by external factors, such as foreign capit..
  • UK tightens steel trade barriers, slashing tariff-free quotas and doubling duties

  • The United Kingdom will drastically tighten its steel import regulations starting next month. With the volume of imports allowed to enter tariff-free being..
  • FSS to overhaul accounting audit framework

  • The Financial Supervisory Service (FSS) is pushing to drastically shorten the accounting review and audit cycle for listed companies. The plan aims to slas..
  • Consumer confidence improves for two straight months

  • Consumer sentiment rose for the second consecutive month, sustaining an upward trajectory this month. This improvement is driven by a brighter perception o..
  • Triple whammy of high FX, Mideast risk, and heatwave hits everyday economy

  • As a combination of a high foreign exchange rate, geopolitical risks stemming from the Middle East, and intense heatwaves collide, warning signals are grow..
  • Samsung Electronics targets premium residential HVAC market in India

  • Samsung Electronics is accelerating its push into the global commercial air conditioning market by supplying high-efficiency HVAC (heating, ventilation, an..
  • US-Iran ceasefire pushes down oil prices but construction costs to stay high for now

  • International crude oil prices are rapidly declining following the signing of a ceasefire Memorandum of Understanding (MOU) between the United States and I..
  • Gov't launches lifecycle tech project to cut fluorinated refrigerant emissions

  • To preemptively respond to international regulations restricting fluorinated greenhouse gases, the government is fully launching a comprehensive lifecycle..
  • KEF urges minimum wage restraint as Korea's rate outpaces G7 average

  • Arguments have been raised that the determination of next year's minimum wage must take into account that Korea's minimum wage level is high compared to ma..
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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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