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Tuesday, Mar, 3, 2026

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ECONOMY

  • AI rally lifts Kospi past 6000 milestone

    South Korea’s benchmark Kospi index closed above the 6,000 mark for the first time on Feb. 25, signaling not just a record high but a broad revaluation of industries propelled by the artificial intelligence transformation.At the center of the rally are semiconductor giants Samsung Electronics and SK hynix, which together account for roughly 40 percent of the..

  • 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..
  • Agricultural prices mixed in April as processed food, meat costs rise

  • Consumer prices for agricultural and livestock products rose 0.8% year-on-year in April, with processed foods, meats, and dining-out costs all climbing des..
  • IMF slashes Korea’s growth forecast

  • The International Monetary Fund (IMF) has sharply downgraded South Korea’s 2024 economic growth forecast, citing growing domestic political uncertainty and..
  • Bank of Korea holds key rate at 2.75% amid rising global uncertainty

  • The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 2.75%, signaling a shift toward a wait-and-see approach amid growing d..
  • Choi to meet U.S. Treasury chief next week over tariffs

  • Deputy Prime Minister and Finance Minister Choi Sang-mok is scheduled to meet with U.S. Treasury Secretary Scott Besant next week during his visit to Washi..
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people

“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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