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Wednesday, Oct, 7, 2026

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ECONOMY

  • Foreign reserves fall for first time in four months as FX deposits shrink, dollar strengthens

    South Korea's foreign exchange reserves decreased by 1.72 billion dollars last month, turning downward for the first time in four months. While returns on foreign currency asset management were generated, foreign currency deposits by financial institutions shrank, and assets were entrusted to the Korea-U.S. Strategic Investment Corporation. Continued strengt..

  • May employment drops by 40,000, manufacturing and youth hit hardest

  • Last month, the number of employed people declined for the first time in 17 months. Analysts attribute the drop largely to a sharp reduction in manufacturi..
  • [Behind the Scenes] Jeonse loans blamed for home price spikes: Will banks start tracking government cues?

  • "The expansion of jeonse loans was a primary driver behind rising housing prices."With this single remark from President Lee, all eyes within and outside t..
  • Deputy PM says recovery continues, summit diplomacy to create growth engines

  • Koo Yun-cheol, South Korea’s Deputy Prime Minister and Minister of Economy and Finance, said that the Korean economy continues to show a solid recovery des..
  • Gov’t launches probe into soaring exchange rate

  • The Bank of Korea and the Financial Supervisory Service have launched a joint inspection of major foreign-exchange banks to determine whether recent sharp..
  • Gov’t to expand housing, finance support for youth marriage

  • The South Korean government plans to revise policies that reduce benefits after marriage in an effort to ease the financial burden on young couples. The go..
  • Banks stress ESG while cutting ‘environment, education, culture’ focus

  • Banking sector social contribution spending surpassed 2 trillion won for the first time, continuing its overall expansion. However, contributions to the en..
  • KOSPI and KOSDAQ surge together, triggering multiple sidecars

  • The KOSPI and KOSDAQ markets jumped sharply in early trading on Monday, triggering temporary suspension of program buying orders (sidecar mechanisms) in bo..
  • 80% of small businesses go digital, but 83% remain basic

  • Eight in 10 South Korean small business owners are using digital technologies, highlighting how tools such as kiosks, delivery apps and digital document sy..
  • Lee to overhaul housing policy in the second half of this year

  • President Lee marked his first anniversary in office by reaffirming his commitment to real estate tax reform, outlining the framework for housing policy in..
  • Goldman Sachs drops forecasts for Fed rate cuts this year

  • The US investment bank Goldman Sachs expects that the Federal Reserve (Fed) will not cut its benchmark interest rate this year, citing reasons such as the..
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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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