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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..

  • Export and import prices rise in July

  • Export and import prices rebounded in July, driven by higher global oil prices and a stronger dollar. In won terms, export prices rose for the first time i..
  • Race heats up in commercial paper market as regulator halts some reviews

  • Competition among securities firms for a share of Korea’s short-term commercial paper market is intensifying. Five brokerages — Samsung, Meritz, Shinhan, H..
  • July consumer prices rise 2.1%, remain in 2% range

  • Consumer prices in South Korea rose 2.1% in July, marking the second consecutive month of inflation in the 2% range, driven mainly by higher processed food..
  • KOSPI plunges 3% amid tariffs and tax reform fallout

  • The KOSPI and KOSDAQ indices fell nearly 3% intraday on August 1 as foreign and institutional investors accelerated selling amid a strong dollar, recent Ko..
  • Corporate and stock transaction taxes raised to restore revenue base

  • The government unveiled its 2025 tax reform plan on Thursday, aimed at restoring the revenue base by raising corporate tax and stock transaction tax rates,..
  • Output and consumption rise in June, but investment falls for fourth month

  • South Korea’s industrial output and consumption rebounded in June on the back of stronger auto and semiconductor production and higher sales of clothing an..
  • Ruling party vows crackdown on stock manipulation at KRX meeting

  • The ruling Democratic Party’s “KOSPI 5000 Special Committee” met with Korea Exchange (KRX) executives on July 29 to discuss ways to boost the capital marke..
  • Consumer coupons drive surge in food purchases

  • With South Korea’s “livelihood recovery consumer coupons” officially in use, food purchases have surged across the country since the program’s launch. ..
  • ADB cuts Korea's 2025 growth forecast to 0.8% amid export, construction slowdown

  • The Asian Development Bank (ADB) has sharply lowered its economic growth forecast for South Korea this year to 0.8%, down from its earlier projection of 1...
  • Producer prices rebound in June after two-month decline

  • South Korea’s producer price index (PPI) rose in June for the first time in three months, led by higher prices for agricultural, livestock, and fishery pro..
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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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