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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..

  • S. Korea to charge 20% tax on crypto gains under new law

  • AsiaToday reporter Lee Ji-hoon Starting 2023, South Korea will tax profits of over 50 million won made from transactions of listed shares at 20%. The..
  • Gov’t plans to grant third disaster relief funds for virus-hit small businesses

  •  AsiaToday reporter Lee Jang-won The government, Cheong Wa Dae and the ruling Democratic Party (DP0 agreed to provide relief grants of up to 3 mi..
  • Seoul city to provide 900 billion won COVID relief for small businesses

  • AsiaToday reporter Kim In-heeThe Seoul city government has announced a new relief package worth some 900 billion won, or about 810 million dollars, for sma..
  • Gov’t to supply 460,000 homes in 2021

  • AsiaToday reporter Lee Ji-hoon Finance Minister Hong Nam-ki said Tuesday that the government will provide 460,000 housing units next year, including 3..
  • S. Korea’s economic policy plan focuses on overcoming economic slumps amid pandemic

  • AsiaToday reporter Cho Sang-eun South Korea’s 2021 economic policy plan focuses on providing active financial support to help overcome economic slumps..
  • Nine out of 10 people think Samsung contributed greatly to S. Korean economy

  • AsiaToday reporter Jeong Seok-manNine out of 10 South Koreans think Samsung Electronics has contributed greatly to the South Korean economy, according to a..
  • Kospi ends at highest

  • AsiaToday reporter Choi Jung-ahSouth Korea’s benchmark Kospi closed at its highest in two years and ten months on Monday. The main bourse rose 49.09 points..
  • Gov’t to supply 114,000 new public homes

  • AsiaToday reporter Lee Ji-hoon The government plans to supply 114,000 public rental houses nationwide over the next two years in a bid to alleviate th..
  • Moon says 2021 budget will lay grounds for ‘leading country’

  • AsiaToday reporters Lee Seok-jong President Moon Jae-in said his administration has drawn up a 555.8 trillion-won (US$469.8 billion) budget bill for ‘..
  • Samsung chairman Lee Kun-hee dies at 78

  • AsiaToday reporter Jeong Seok-manA great star in the Korean business community has fallen. Samsung Group Chairman Lee Kun-hee died at the age of 78 at Sams..
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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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