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Sunday, Aug, 9, 2026

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ECONOMY

  • Toss Securities accelerates expansion of its wealth management spectrum

    Toss Securities is eyeing an expansion into wealth management (WM), a segment traditionally accessible only to a small number of high-net-worth clients. Having taken its first step into the WM business with a tax-advantaged pension savings account, the company is now pursuing a wrap account business as well. Since Toss Securities has no in-person staff, it'..

  • 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..
  • IMF slashes Korea’s growth forecast

  • The International Monetary Fund (IMF) has sharply downgraded South Korea’s 2024 economic growth forecast, citing growing domestic political uncertainty and..
  • Bank of Korea holds key rate at 2.75% amid rising global uncertainty

  • The Bank of Korea (BOK) has decided to keep its benchmark interest rate unchanged at 2.75%, signaling a shift toward a wait-and-see approach amid growing d..
  • Choi to meet U.S. Treasury chief next week over tariffs

  • Deputy Prime Minister and Finance Minister Choi Sang-mok is scheduled to meet with U.S. Treasury Secretary Scott Besant next week during his visit to Washi..
  • Government raises extra budget to 12 trillion won

  • The South Korean government has increased its proposed extra budget to 12 trillion won—2 trillion won more than initially planned—to support economic stabi..
  • S&P maintains South Korea's AA credit rating

  • S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at 'AA' with a stable outlook, maintaining the same level it has held since 201..
  • FSS chief urges asset managers to uphold fiduciary duty

  • Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), has expressed concerns over the recent trend among major asset management companies enga..
  • ADB cuts S. Korea’s 2025 growth forecast to 1.5%

  • The Asian Development Bank (ADB) has projected South Korea's economic growth rate for 2025 at 1.5%, marking a 0.5 percentage point drop from its December f..
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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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