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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 cuts extended until end of October

  • The government has decided to extend the temporary fuel tax reduction, originally set to expire at the end of August, for an additional two months to ease..
  • Export and import prices rise in July

  • Export and import prices rebounded in July, driven by higher global oil prices and a stronger dollar. In won terms, export prices rose for the first time i..
  • Race heats up in commercial paper market as regulator halts some reviews

  • Competition among securities firms for a share of Korea’s short-term commercial paper market is intensifying. Five brokerages — Samsung, Meritz, Shinhan, H..
  • July consumer prices rise 2.1%, remain in 2% range

  • Consumer prices in South Korea rose 2.1% in July, marking the second consecutive month of inflation in the 2% range, driven mainly by higher processed food..
  • KOSPI plunges 3% amid tariffs and tax reform fallout

  • The KOSPI and KOSDAQ indices fell nearly 3% intraday on August 1 as foreign and institutional investors accelerated selling amid a strong dollar, recent Ko..
  • Corporate and stock transaction taxes raised to restore revenue base

  • The government unveiled its 2025 tax reform plan on Thursday, aimed at restoring the revenue base by raising corporate tax and stock transaction tax rates,..
  • Output and consumption rise in June, but investment falls for fourth month

  • South Korea’s industrial output and consumption rebounded in June on the back of stronger auto and semiconductor production and higher sales of clothing an..
  • Ruling party vows crackdown on stock manipulation at KRX meeting

  • The ruling Democratic Party’s “KOSPI 5000 Special Committee” met with Korea Exchange (KRX) executives on July 29 to discuss ways to boost the capital marke..
  • Consumer coupons drive surge in food purchases

  • With South Korea’s “livelihood recovery consumer coupons” officially in use, food purchases have surged across the country since the program’s launch. ..
  • ADB cuts Korea's 2025 growth forecast to 0.8% amid export, construction slowdown

  • The Asian Development Bank (ADB) has sharply lowered its economic growth forecast for South Korea this year to 0.8%, down from its earlier projection of 1...
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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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