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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..

  • BOK freezes rate for 3rd straight time

  • AsiaToday reporter Jeong Geum-min South Korea’s central bank has lowered its economic growth forecast for this year to 1.4 percent from 1.6 percent Th..
  • Yoon puts top priority on revitalizing economy

  • AsiaToday reporter Lee Wook-jaePresident Yoon Suk-yeol has embarked on a high-intensity drive to overcome the economic recession at home and abroad, such a..
  • US Fed’s interest rate hike likely to end in May

  • AsiaToday reporter Kim Na-riThe U.S. Federal Reserve’s rate is expected to end as early as May as the recent global banking crisis has raised awareness of..
  • Yoon orders review of financial impact of SVB collapse

  • AsiaToday reporter Lee Wook-jaePresident Yoon Suk-yeol has ordered relevant agencies on Monday to closely review any possible impact the Silicon Valley Ban..
  • S. Korea’s January economic misery index hits record high

  • AsiaToday reporter Lee Ji-hoonSouth Korea’s economic misery index in January climbed to a record high for the first time of the year, mainly due to continu..
  • Fed’s Powell signals few more hikes to go

  • AsiaToday reporter Lee Jang-wonThe Federal Reserve announced Wednesday that it had raised its key interest rate by 0.25 percentage points, returning to the..
  • S. Korea’s exports plunge on weak demand for chips

  • AsiaToday reporters Choi Won-young & Park Jin-sook Exports by South Korea fell 16.6 percent in January from a year earlier, casting dark shadows o..
  • S. Korea’s November exports drop 14%

  • AsiaToday reporter Choi Won-young South Korea’s exports dropped some 14 percent on-year in November, the second consecutive monthly decline. This is b..
  • Yoon unveils roadmap for space economy

  • AsiaToday reporter Lee Wook-jae South Korean President Yoon Suk-yeol unveiled a roadmap for the country’s ‘Future Space Economy’ on Monday, saying, “T..
  • BOK lowers growth projection for next year

  • AsiaToday reporter Jeong Geum-min As South Korea continues to face the complex crisis of high interest rates, high inflation and high exchange rates,..
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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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