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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..

  • 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..
  • Gov’t announces measures to tackle people’s housing cost burden

  • AsiaToday reporter Lee Chul-hyunThe government has announced a package of measures to tackle people’s housing cost burden, such as freezing interest rates..
  • S. Korea to raise electricity rate next month

  • AsiaToday reporter Choi Won-youngSouth Korea’s average power bill for a four-person household will rise by 2,220 won per month and around 2,220 won will be..
  • KOSPI below 2,500 as US Fed decision looms

  • AsiaToday reporter Oh Kyung-hee South Korea’s main stock market fell below 2,500 on Tuesday, amid growing concerns over monetary tightening in the Uni..
  • S. Korea’s national debt in 2021 reaches all-time high

  • AsiaToday reporter Im Cho-rongSouth Korea’s national debt exceeded 2,100 won trillion won last year as the country implemented expansionary fiscal spending..
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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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