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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..

  • BOK unexpectedly cuts key rate to 3%

  • AsiaToday reporter Lee Choong-jae The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 3.0% on Thursday, surprising the m..
  • FSS criticizes Woori Financial for failing to report improper loans involving ex-chief’s family

  • By AsiaToday Special Coverage TeamLee Bok-hyun, the head of the Financial Supervisory Service (FSS), has strongly criticized Yim Jong-yong, the chairman of..
  • Global stock markets shaken by recession fears

  • AsiaToday reporter Lee Choong-jaeThe U.S. recession fears triggered by deteriorating manufacturing outlook and rising unemployment is shaking global financ..
  • Gap between mortgage and savings rates growing

  • AsiaToday reporter Cho Eun-gook Major banks are drastically lowering their deposit rates as the market interest rates have rapidly dropped in anticipa..
  • National Assembly seeks to pass anti-market bills amid tax revenue plunge

  • AsiaToday reporter Lee Choong-jaeSouth Korea’s tax revenue shortfall is expected to reach around 10 trillion won (US$7.22 billion) in the first half of thi..
  • US Fed, BOK signal rate cut in September

  • AsiaToday reporter Lee Choong-jae“The situation is now ripe to change lanes and prepare to shift direction (for monetary policy) at the appropriate time.”B..
  • OECD raises S. Korea’s growth rate to 2.6%

  • AsiaToday reporter Lee Ji-hoonThe Organization for Economic Cooperation and Development (OECD) has raised South Korea’s economic growth rate for 2024 to 2...
  • S. Korea’s economy grows 1.3% in Q1

  • AsiaToday reporters Lee Ji-sun & Jeong Geum-minSouth Korea’s economy grew 1.3 percent in the first quarter, beating all estimates. The country’s r..
  • Tax authorities launch probe into wholesalers amid rising agricultural prices

  • AsiaToday reporter Lee Kyung-wook The tax authorities have reportedly launched a tax investigation into wholesale market corporations related to large..
  • Office workers reduce cost of lunch as prices soar

  • AsiaToday reporter Cho Eun-gook The monthly income of the nation’s economically active households has risen by nearly 4 percent last year, but the hou..
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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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