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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..

  • Consumer sentiment rises for third straight month amid new government optimism

  • Consumer sentiment in South Korea climbed for a third consecutive month in June, buoyed by growing expectations for the newly launched Lee Jae-myung admini..
  • KOSPI closes above 3,000 for first time in 3.5 years, signaling return to ‘3,000 era’

  • South Korea’s benchmark KOSPI index surged past the symbolic 3,000-point threshold on June 20, closing at its highest level since December 28, 2021, when i..
  • Gov't to curb housing market overheating and household loans with tighter bank regulations

  • The Lee Jae-myung administration is considering imposing new banking regulations that would require financial institutions to set aside additional capital..
  • President Lee to finalize second supplementary budget on June 19 to boost livelihoods

  • President Lee Jae-myung will confirm the 2025 second supplementary budget (extra budget) during a Cabinet meeting on June 19, shortly after returning from..
  • Korea falls to 27th in global competitiveness; corporate efficiency plunges

  • South Korea dropped seven spots to rank 27th in the latest World Competitiveness Ranking released by the International Institute for Management Development..
  • Banks uneasy as President Lee’s debt relief plan nears implementation

  • The Lee Jae-myung administration is accelerating its inclusive finance agenda, focusing on support for small business owners. However, South Korea’s bankin..
  • OECD slashes South Korea’s growth forecast to 1.0% amid U.S. tariffs

  • The Organisation for Economic Co-operation and Development (OECD) has sharply downgraded its forecast for South Korea’s economic growth this year to 1.0%,..
  • Bank of Korea cuts key rate to 2.5% to boost economy

  • The Bank of Korea (BOK) on May 29 lowered its benchmark interest rate by 25 basis points, from 2.75 percent to 2.5 percent. This marks the fourth rate cut..
  • 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..
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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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