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Saturday, Jun, 20, 2026

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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..

  • Strong dollar batters global currencies

  • AsiaToday reporter Jang Soo-young The value of the U.S. dollar is the strongest it has been in decades. The global financial market is shaking as the..
  • Exchange rate crosses 1,430 won per US dollar

  • AsiaToday reporter Jeong Geum-minThe won-dollar exchange rate crossed the 1,430-won mark per U.S. dollar for the first time in more than 13 years. As..
  • Gov’t lifts real estate restrictions except greater Seoul and Sejong

  • AsiaToday reporter Lee Min-young The government lifted real estate restrictions for most areas outside the metropolitan area except Sejong. In the gre..
  • S. Korean won tumbles on U.S. inflation shock

  • AsiaToday reporter Oh Kyung-hee The South Korean financial market was shaken by the US inflation shock. The South Korean currency on Wednesday tumbled..
  • Gov’t tightens national budget spending in 2023

  • AsiaToday reporter Lee Ji-hoonThe government has proposed a budget of 639 trillion won (US$473.5 billion) for next year, an increase of 5.2 percent from th..
  • 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..
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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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