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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..

  • Government raises extra budget to 12 trillion won

  • The South Korean government has increased its proposed extra budget to 12 trillion won—2 trillion won more than initially planned—to support economic stabi..
  • S&P maintains South Korea's AA credit rating

  • S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at 'AA' with a stable outlook, maintaining the same level it has held since 201..
  • FSS chief urges asset managers to uphold fiduciary duty

  • Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), has expressed concerns over the recent trend among major asset management companies enga..
  • ADB cuts S. Korea’s 2025 growth forecast to 1.5%

  • The Asian Development Bank (ADB) has projected South Korea's economic growth rate for 2025 at 1.5%, marking a 0.5 percentage point drop from its December f..
  • Choi Sang-mok to unveil 10 trillion won extra budget

  • Finance Minister Choi Sang-mok announced plans to introduce a supplementary budget of approximately 10 trillion won, with detailed allocations to be reveal..
  • S. Korea posts $7.18 billion current account surplus in February

  • South Korea logged a current account surplus of $7.18 billion in February, marking the 22nd consecutive month in the black, the Bank of Korea said Monday.&..
  • KOSPI falls below 2,400 amid U.S. market plunge

  • On April 7, the KOSPI index opened at 2,359.25, down 4.31% (106.17 points) from the previous trading day, marking the first time since November of the prev..
  • Retail sales see largest drop in 21 years

  • AsiaToday reporter Lee Choong-jaeLast year, retail sales experienced the largest decline since the 2003 “credit card crisis. Political turmoil at home and..
  • Gov’t targets 1.8% growth in 2025

  • AsiaToday reporter Lee Ji-hoonThe South Korean economy is expected to grow 1.8 percent this year, the government said Thursday amid the expected export slu..
  • S. Korean stocks plunge amid martial law

  • AsiaToday reporter Lee Choong-jae President Yoon Suk-yeol’s sudden imposition and lifting of martial law has put the South Korean economy in deep turm..
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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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