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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..

  • Gov’t unveils tax cut plan aimed at supporting firms and people’s livelihoods

  • AsiaToday reporter Lee Ji-hoonThe Yoon Suk-yeol government has decided to ease the tax burden on individuals by approximately 13 trillion won (US$9.9 billi..
  • Gov’t announces measures to tackle people’s housing cost burden

  • AsiaToday reporter Lee Chul-hyunThe government has announced a package of measures to tackle people’s housing cost burden, such as freezing interest rates..
  • S. Korea to raise electricity rate next month

  • AsiaToday reporter Choi Won-youngSouth Korea’s average power bill for a four-person household will rise by 2,220 won per month and around 2,220 won will be..
  • KOSPI below 2,500 as US Fed decision looms

  • AsiaToday reporter Oh Kyung-hee South Korea’s main stock market fell below 2,500 on Tuesday, amid growing concerns over monetary tightening in the Uni..
  • S. Korea’s national debt in 2021 reaches all-time high

  • AsiaToday reporter Im Cho-rongSouth Korea’s national debt exceeded 2,100 won trillion won last year as the country implemented expansionary fiscal spending..
  • S. Korea’s home supply scheme falters

  • AsiaToday reporter Lee Chul-hyunThere is growing concern that the government’s large-scale housing supply plan in Seoul and the greater capital region aime..
  • Government reviews raising inflation forecast to 2% range

  • AsiaToday reporter Son Cha-min  The South Korean government is considering raising the consumer price inflation forecast for next year to the 2.0..
  • One fifth Seoul homeowners face comprehensive real estate tax

  • AsiaToday reporter Lee Ji-hoonOne in five homeowners in Seoul is expected to pay comprehensive real estate taxes this year as housing prices and tax rates..
  • S. Korea's central bank raises rate to 1%

  • AsiaToday reporter Kim Yoon-jooThe Bank of Korea (BOK) raised its key policy rate Thursday by 0.25 percentage point to 1 percent, putting an end to 20 mont..
  • More people subject to comprehensive real estate tax

  • AsiaToday reporter Lee Ji-hoonThe number of people subject to the country’s state-assessed price value for homes has sharply increased to nearly 950,000 th..
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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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