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ECONOMY

  • S. Korea jumps 6 spots to 21st in IMD ranking

    South Korea ranked 21st in this year’s Institute for Management Development (IMD) World Competitiveness Ranking, rising six places from last year. According to the '2026 IMD World Competitiveness Ranking Results' released by the Ministry of Finance and Economy on the 18th, South Korea placed 21st among 70 countries. This marks its second-highest ranking sin..

  • FSS chief warns of business suspension over overseas stock misconduct

  • Lee Chan-jin, governor of South Korea’s Financial Supervisory Service (FSS), warned on December 18 that authorities could suspend securities firms’ oversea..
  • FX authorities extend $65bn swap with NPS

  • South Korea’s foreign exchange authorities have agreed to extend a foreign exchange swap arrangement with the National Pension Service (NPS) through the en..
  • Tech leak indictments surge as prosecution overhaul nears

  • The People Power Party (PPP) and the New Reform Party are showing rare coordination over the introduction of a special prosecutor to investigate alleged po..
  • Korea export prices jump 3.7% on FX

  • South Korea’s export and import prices continued to climb in November, largely driven by a higher won-dollar exchange rate, the central bank said on Decemb..
  • Middle-class income growth hits record low

  • Income growth among Korea’s middle class hit an all-time low last year, raising concerns that the country’s economic backbone is weakening.According to dat..
  • Korea confirmed as 2028 UN Ocean Conference host

  • South Korea has been officially selected to host the next UN Ocean Conference (UNOC) in 2028, following the adoption of a resolution at the UN General Asse..
  • U.S. sets 15% tariff on Korean autos, retroactive

  • The United States has finalized a 15 percent tariff on Korean-made automobiles and auto parts, retroactive to 12:01 a.m. on November 1 (EST), by posting th..
  • Kospi reclaims 4,000 on AI, Fed optimism

  • The Kospi reclaimed the 4,000 mark for the first time in nine trading days, opening in the 4,010 range. Analysts say improved risk appetite for AI-related..
  • Assembly approves 2026 budget before legal deadline

  • The Lee Jae-myung administration’s first budget bill passed the National Assembly on Monday, marking the first time in five years that a budget has cleared..
  • Consumer prices rise 2.4% in November

  • South Korea’s consumer prices climbed 2.4% in November from a year earlier, marking the third straight month in the 2% range, as higher food and petroleum..
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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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