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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..

  • KOSPI closes above 3,000 for first time in 3.5 years, signaling return to ‘3,000 era’

  • South Korea’s benchmark KOSPI index surged past the symbolic 3,000-point threshold on June 20, closing at its highest level since December 28, 2021, when i..
  • Gov't to curb housing market overheating and household loans with tighter bank regulations

  • The Lee Jae-myung administration is considering imposing new banking regulations that would require financial institutions to set aside additional capital..
  • President Lee to finalize second supplementary budget on June 19 to boost livelihoods

  • President Lee Jae-myung will confirm the 2025 second supplementary budget (extra budget) during a Cabinet meeting on June 19, shortly after returning from..
  • Korea falls to 27th in global competitiveness; corporate efficiency plunges

  • South Korea dropped seven spots to rank 27th in the latest World Competitiveness Ranking released by the International Institute for Management Development..
  • Banks uneasy as President Lee’s debt relief plan nears implementation

  • The Lee Jae-myung administration is accelerating its inclusive finance agenda, focusing on support for small business owners. However, South Korea’s bankin..
  • 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..
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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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