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Monday, Oct, 12, 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..

  • Gov't to speed up incinerator construction

  • The government will fast-track the expansion of public waste incineration facilities to ensure the seamless implementation of a ban on the direct landfilli..
  • [Integrated Water Management Opens the Future ④] K-water, the master of water management, steps up as global problem solver

  • Korea Water Resources Corporation (K-water), a central architect behind the Miracle on the Han River, is expanding into global markets as a frontline solve..
  • Gov't to release 66,000 public rental homes to stabilize rent market

  • The government will significantly ramp up the supply of public buy-to-rent housing in the capital faction to counter escalating anxieties in the lease mark..
  • FSC chief weighs mandates for 'Chief Financial Inclusion Officers'

  • The Financial Services Commission (FSC) will launch a "Task Force for Financial Inclusion Strategy" next month, embarking on a fundamental redesign of the..
  • 'K-modular housing' backed by gov't and major firms

  • The domestic construction industry is facing a complex, structural crisis characterized by surging construction costs, a shortage of skilled labor, and tig..
  • Korea producer prices post sharpest rise since IMF crisis

  • South Korea’s producer prices surged in April at the fastest monthly pace since the 1998 Asian financial crisis, as soaring oil and petrochemical costs lin..
  • K-steel faces dual blow from EU’s 50% tariff and rising costs

  • Domestic steelmakers are facing mounting internal and external business pressures as global tariff barriers and production costs rise simultaneously. This..
  • KFTC penalizes flour millers over price collusion

  • The Fair Trade Commission (FTC) has issued an independent price-resetting order—the first in 20 years—and imposed a 6710 billion won fine on flour milling..
  • Middle East war hits auto industry as exports slide

  • South Korea's automobile exports fell 5.5% last month to $6.17 billion, heavily impacted by factors such as the war in the Middle East.According to the Apr..
  • Korean banks’ Q1 net profit slips on bond losses

  • The net profit of South Korea’s domestic banks declined slightly in the first quarter of 2026 despite improved interest margins, as losses from securities..
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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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