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Thursday, Nov, 13, 2025

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ECONOMY

  • KDI raises 2026 growth outlook to 1.8% amid easing domestic slump

    South Korea’s economic growth outlook for 2026 is brightening, with major state and financial research institutes projecting growth close to the 2% range, supported by a gradual recovery in domestic demand.The Korea Development Institute (KDI) raised its 2026 GDP growth forecast from 1.6% to 1.8%, while the Korea Institute of Finance (KIF) predicted a strong..

  • Gov’t to reform 20-year-old preliminary feasibility study method

  • By AsiaToday reporter Ahn Jong-ho The government has decided to reform the preliminary feasibility study method for the first time in 20 years to prom..
  • National debt reaches 1,682 tril. won & More than half comes from pension liabilities

  • By AsiaToday reporter Yoo Jae-heeSouth Korea’s national debt is rising fast, worsening its financial health. Its national debt hit a record high last year,..
  • 2020 budget plan focuses on reviving economy, strengthening social safety net

  • By AsiaToday reporter Ahn Jong-ho South Korea’s budget for 2020 will be focused on reviving the economy. In addition, the government plans to strength..
  • Gov’t to permanently suspend geothermal power plant project that triggered 2017 Pohang quake

  • By AsiaToday reporter Choi Hyun-min The government will permanently suspend the geothermal power plant project that triggered the country’s second-lar..
  • Property taxes to rise sharply in Seoul’s affluent regions

  • By AsiaToday reporter Cheong Ah-reum The average government-declared value of apartment houses in Seoul rose 14 percent compared to a year ago, the hi..
  • Worst fine dust blankets Korea

  • By AsiaToday reporter Ahn Jong-ho A fine dust watch has been issued along the East Sea in Gangwon Province, which is well known for its clean air, for..
  • Gov’t unveils plans for building smart cities in Sejong, Busan

  • By AsiaToday reporter Cheong Ah-reum Lee, a 27-year-old man living in the Busan Eco-Delta City in 2022, parks his car at the entrance of a smart parki..
  • Gov’t hikes appraisal prices of expensive regions

  • By AsiaToday reporter Cheong Ah-reum The South Korean government hiked appraisal land prices of Seoul by almost 14 percent in 2019 compared to last ye..
  • Gov’t waives feasibility studies for 24 tln won worth of projects

  • By AsiaToday reporter Ahn Jong-ho The government will exempt feasibility studies to revitalize regional economies.The decision was announced at a pres..
  • Gov’t hikes assessed value of houses worth over 2.5 billion won by 36 percent

  • By AsiaToday reporter Cheong Ah-reum The Ministry of Land, Infrastructure and Transport has hiked this year’s appraised prices of standard detached ho..
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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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Moon Ga-young shines at Radiesse pop-up studio opening event

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