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Thursday, Apr, 30, 2026

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ECONOMY

  • KOSPI breaks 6,600, total market value exceeds 6 trillion won

    South Korea’s stock market continued its rally despite ongoing geopolitical tensions in the Middle East, with the benchmark KOSPI surpassing the 6,600 mark for the first time and total market capitalization exceeding 6 trillion won.According to the Korea Exchange, the KOSPI closed at 6,615.03 on April 27, up 2.15% (139.40 points) from the previous session. T..

  • OECD slashes South Korea’s growth forecast to 1.0% amid U.S. tariffs

  • The Organisation for Economic Co-operation and Development (OECD) has sharply downgraded its forecast for South Korea’s economic growth this year to 1.0%,..
  • Bank of Korea cuts key rate to 2.5% to boost economy

  • The Bank of Korea (BOK) on May 29 lowered its benchmark interest rate by 25 basis points, from 2.75 percent to 2.5 percent. This marks the fourth rate cut..
  • Consumer sentiment rebounds in May amid budget boost and tariff relief

  • Consumer confidence in South Korea is picking up in May, buoyed by the recent passage of a supplementary budget, a temporary suspension of reciprocal tarif..
  • Korea posts $9.14B current account surplus in March

  • South Korea posted a current account surplus of over $9 billion in March, marking the 23rd consecutive month in the black. The strong performance was drive..
  • Agricultural prices mixed in April as processed food, meat costs rise

  • Consumer prices for agricultural and livestock products rose 0.8% year-on-year in April, with processed foods, meats, and dining-out costs all climbing des..
  • IMF slashes Korea’s growth forecast

  • The International Monetary Fund (IMF) has sharply downgraded South Korea’s 2024 economic growth forecast, citing growing domestic political uncertainty and..
  • Bank of Korea holds key rate at 2.75% amid rising global uncertainty

  • The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 2.75%, signaling a shift toward a wait-and-see approach amid growing d..
  • Choi to meet U.S. Treasury chief next week over tariffs

  • Deputy Prime Minister and Finance Minister Choi Sang-mok is scheduled to meet with U.S. Treasury Secretary Scott Besant next week during his visit to Washi..
  • 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..
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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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