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Thursday, Jul, 31, 2025

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ECONOMY

  • Output and consumption rise in June, but investment falls for fourth month

    South Korea’s industrial output and consumption rebounded in June on the back of stronger auto and semiconductor production and higher sales of clothing and cosmetics. However, facility investment declined for the fourth straight month, raising concerns over future growth momentum. According to Statistics Korea’s “June Industrial Activity Trends” report rel..

  • Shinhan, Woori celebrate 20th anniversary

  • AsiaToday reporters Cho Eun-gook & Lee Joo-hyungThe role of financial companies is growing in the South Korean economy. It’s been 20 years since both S..
  • S. Korea to expand nation’s rail network to connect new locations

  • AsiaToday reporter Hwang Eui-joongSouth Korea’s railway network for major cities will be expanded across the nation over the next decade. A new express tra..
  • S. Korea’s national budget likely to exceed 600tr won

  • AsiaToday reporter Lee Ji-hoonSouth Korea’s state budget is likely to exceed 600 trillion won next year as the government has decided to maintain its aggre..
  • S. Korea unveils another massive home supply plan

  • AsiaToday reporter Lee Chul-hyunThe South Korean government plans to build 320,000 new houses in Seoul and 830,000 nationwide by 2025. Together with housin..
  • S. Korea to charge 20% tax on crypto gains under new law

  • AsiaToday reporter Lee Ji-hoon Starting 2023, South Korea will tax profits of over 50 million won made from transactions of listed shares at 20%. The..
  • Gov’t plans to grant third disaster relief funds for virus-hit small businesses

  •  AsiaToday reporter Lee Jang-won The government, Cheong Wa Dae and the ruling Democratic Party (DP0 agreed to provide relief grants of up to 3 mi..
  • Seoul city to provide 900 billion won COVID relief for small businesses

  • AsiaToday reporter Kim In-heeThe Seoul city government has announced a new relief package worth some 900 billion won, or about 810 million dollars, for sma..
  • Gov’t to supply 460,000 homes in 2021

  • AsiaToday reporter Lee Ji-hoon Finance Minister Hong Nam-ki said Tuesday that the government will provide 460,000 housing units next year, including 3..
  • S. Korea’s economic policy plan focuses on overcoming economic slumps amid pandemic

  • AsiaToday reporter Cho Sang-eun South Korea’s 2021 economic policy plan focuses on providing active financial support to help overcome economic slumps..
  • Nine out of 10 people think Samsung contributed greatly to S. Korean economy

  • AsiaToday reporter Jeong Seok-manNine out of 10 South Koreans think Samsung Electronics has contributed greatly to the South Korean economy, according to a..
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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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Moon Ga-young shines at Radiesse pop-up studio opening event

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