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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..

  • Retail sales see largest drop in 21 years

  • AsiaToday reporter Lee Choong-jaeLast year, retail sales experienced the largest decline since the 2003 “credit card crisis. Political turmoil at home and..
  • Gov’t targets 1.8% growth in 2025

  • AsiaToday reporter Lee Ji-hoonThe South Korean economy is expected to grow 1.8 percent this year, the government said Thursday amid the expected export slu..
  • S. Korean stocks plunge amid martial law

  • AsiaToday reporter Lee Choong-jae President Yoon Suk-yeol’s sudden imposition and lifting of martial law has put the South Korean economy in deep turm..
  • BOK unexpectedly cuts key rate to 3%

  • AsiaToday reporter Lee Choong-jae The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 3.0% on Thursday, surprising the m..
  • FSS criticizes Woori Financial for failing to report improper loans involving ex-chief’s family

  • By AsiaToday Special Coverage TeamLee Bok-hyun, the head of the Financial Supervisory Service (FSS), has strongly criticized Yim Jong-yong, the chairman of..
  • Global stock markets shaken by recession fears

  • AsiaToday reporter Lee Choong-jaeThe U.S. recession fears triggered by deteriorating manufacturing outlook and rising unemployment is shaking global financ..
  • Gap between mortgage and savings rates growing

  • AsiaToday reporter Cho Eun-gook Major banks are drastically lowering their deposit rates as the market interest rates have rapidly dropped in anticipa..
  • National Assembly seeks to pass anti-market bills amid tax revenue plunge

  • AsiaToday reporter Lee Choong-jaeSouth Korea’s tax revenue shortfall is expected to reach around 10 trillion won (US$7.22 billion) in the first half of thi..
  • US Fed, BOK signal rate cut in September

  • AsiaToday reporter Lee Choong-jae“The situation is now ripe to change lanes and prepare to shift direction (for monetary policy) at the appropriate time.”B..
  • OECD raises S. Korea’s growth rate to 2.6%

  • AsiaToday reporter Lee Ji-hoonThe Organization for Economic Cooperation and Development (OECD) has raised South Korea’s economic growth rate for 2024 to 2...
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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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