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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..

  • KOSPI falls below 2,400 amid U.S. market plunge

  • On April 7, the KOSPI index opened at 2,359.25, down 4.31% (106.17 points) from the previous trading day, marking the first time since November of the prev..
  • Retail sales see largest drop in 21 years

  • AsiaToday reporter Lee Choong-jaeLast year, retail sales experienced the largest decline since the 2003 “credit card crisis. Political turmoil at home and..
  • Gov’t targets 1.8% growth in 2025

  • AsiaToday reporter Lee Ji-hoonThe South Korean economy is expected to grow 1.8 percent this year, the government said Thursday amid the expected export slu..
  • S. Korean stocks plunge amid martial law

  • AsiaToday reporter Lee Choong-jae President Yoon Suk-yeol’s sudden imposition and lifting of martial law has put the South Korean economy in deep turm..
  • BOK unexpectedly cuts key rate to 3%

  • AsiaToday reporter Lee Choong-jae The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 3.0% on Thursday, surprising the m..
  • FSS criticizes Woori Financial for failing to report improper loans involving ex-chief’s family

  • By AsiaToday Special Coverage TeamLee Bok-hyun, the head of the Financial Supervisory Service (FSS), has strongly criticized Yim Jong-yong, the chairman of..
  • Global stock markets shaken by recession fears

  • AsiaToday reporter Lee Choong-jaeThe U.S. recession fears triggered by deteriorating manufacturing outlook and rising unemployment is shaking global financ..
  • Gap between mortgage and savings rates growing

  • AsiaToday reporter Cho Eun-gook Major banks are drastically lowering their deposit rates as the market interest rates have rapidly dropped in anticipa..
  • National Assembly seeks to pass anti-market bills amid tax revenue plunge

  • AsiaToday reporter Lee Choong-jaeSouth Korea’s tax revenue shortfall is expected to reach around 10 trillion won (US$7.22 billion) in the first half of thi..
  • US Fed, BOK signal rate cut in September

  • AsiaToday reporter Lee Choong-jae“The situation is now ripe to change lanes and prepare to shift direction (for monetary policy) at the appropriate time.”B..
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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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