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Sunday, Nov, 8, 2026

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ECONOMY

  • KOSPI skids 6% after circuit breaker, clinging to 5,000 level

    South Korea's benchmark KOSPI plunged more than 8% during trading Friday, briefly falling below the 5,000-point mark before recovering some of its losses to close above 5,050. Foreign investors sold more than 2.7 trillion won worth of shares on a net basis amid a sharp sell-off in U.S. technology stocks, with semiconductor heavyweights Samsung Electronics an..

  • Fuel tax cut extended to February

  • The government has decided to extend fuel tax cuts through February next year and prolong temporary tax relief on automobile purchases for an additional si..
  • FSS chief warns of business suspension over overseas stock misconduct

  • Lee Chan-jin, governor of South Korea’s Financial Supervisory Service (FSS), warned on December 18 that authorities could suspend securities firms’ oversea..
  • FX authorities extend $65bn swap with NPS

  • South Korea’s foreign exchange authorities have agreed to extend a foreign exchange swap arrangement with the National Pension Service (NPS) through the en..
  • Tech leak indictments surge as prosecution overhaul nears

  • The People Power Party (PPP) and the New Reform Party are showing rare coordination over the introduction of a special prosecutor to investigate alleged po..
  • Korea export prices jump 3.7% on FX

  • South Korea’s export and import prices continued to climb in November, largely driven by a higher won-dollar exchange rate, the central bank said on Decemb..
  • Middle-class income growth hits record low

  • Income growth among Korea’s middle class hit an all-time low last year, raising concerns that the country’s economic backbone is weakening.According to dat..
  • Korea confirmed as 2028 UN Ocean Conference host

  • South Korea has been officially selected to host the next UN Ocean Conference (UNOC) in 2028, following the adoption of a resolution at the UN General Asse..
  • U.S. sets 15% tariff on Korean autos, retroactive

  • The United States has finalized a 15 percent tariff on Korean-made automobiles and auto parts, retroactive to 12:01 a.m. on November 1 (EST), by posting th..
  • Kospi reclaims 4,000 on AI, Fed optimism

  • The Kospi reclaimed the 4,000 mark for the first time in nine trading days, opening in the 4,010 range. Analysts say improved risk appetite for AI-related..
  • Assembly approves 2026 budget before legal deadline

  • The Lee Jae-myung administration’s first budget bill passed the National Assembly on Monday, marking the first time in five years that a budget has cleared..
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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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