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Wednesday, Nov, 12, 2025

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ECONOMY

  • KDI raises 2026 growth outlook to 1.8% amid easing domestic slump

    South Korea’s economic growth outlook for 2026 is brightening, with major state and financial research institutes projecting growth close to the 2% range, supported by a gradual recovery in domestic demand.The Korea Development Institute (KDI) raised its 2026 GDP growth forecast from 1.6% to 1.8%, while the Korea Institute of Finance (KIF) predicted a strong..

  • Exchange rate crosses 1,430 won per US dollar

  • AsiaToday reporter Jeong Geum-minThe won-dollar exchange rate crossed the 1,430-won mark per U.S. dollar for the first time in more than 13 years. As..
  • Gov’t lifts real estate restrictions except greater Seoul and Sejong

  • AsiaToday reporter Lee Min-young The government lifted real estate restrictions for most areas outside the metropolitan area except Sejong. In the gre..
  • S. Korean won tumbles on U.S. inflation shock

  • AsiaToday reporter Oh Kyung-hee The South Korean financial market was shaken by the US inflation shock. The South Korean currency on Wednesday tumbled..
  • Gov’t tightens national budget spending in 2023

  • AsiaToday reporter Lee Ji-hoonThe government has proposed a budget of 639 trillion won (US$473.5 billion) for next year, an increase of 5.2 percent from th..
  • S. Korean won hits 1350 level per dollar

  •  AsiaToday reporter Oh Kyung-hee The South Korean financial market tumbled after U.S. Fed Chairman Jerome Powell made hawkish remarks at the U.S...
  • S. Korean won hits 1340-mark for first time in 13 years

  • AsiaToday reporter Yoon Soo-hyun The won-dollar exchange rate exceeded the 1,340 mark for the first time in 13 years. This is a result of the strength..
  • Gov’t to supply 2.7 million homes over 5 years

  • AsiaToday reporter Lee Ji-hoonThe government will supply 2.7 million new homes in the next five years, including 500,000 homes in Seoul. In order to do thi..
  • Gov’t to stabilize food prices ahead of Chuseok

  • AsiaToday reporter Lee Ji-hoonFood prices continue to rise significantly. Last month, the eating-out prices saw the highest increase in nearly 30 years, an..
  • Fed’s giant step puts US interest rates above S. Korea’s

  • AsiaToday reporter Lee Jae-ahU.S. Federal Reserve has taken another ‘giant step’ on Wednesday, pushing the U.S. interest rates above South Korea’s benchmar..
  • Gov’t unveils tax cut plan aimed at supporting firms and people’s livelihoods

  • AsiaToday reporter Lee Ji-hoonThe Yoon Suk-yeol government has decided to ease the tax burden on individuals by approximately 13 trillion won (US$9.9 billi..
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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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