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Business
Korea’s dilemma: US-led chip alliance or Chinese market?
The South Korean government is reportedly considering whether to join a US-led semiconductor alliance, leading to more anxiety at local chipmakers such as Samsung Electronics and SK Hynix.Considering
Thu, 21 Jul 2022 17:08:19 GMT
Finance chiefs of S. Korea, US agree to continue talks on FX market
South Korean President Yoon Suk-yeol stressed the importance of joint efforts with the US to address global inflation during a meeting Tuesday with US Secretary of the Treasury Janet Yellen, underscor
Wed, 20 Jul 2022 17:41:36 GMT
Global economy braces for possibility of Russia cutting gas supply for good
Fears are mounting that the energy crisis touched off by the war in Ukraine could end up overtaking the global economy.This spells another potentially damaging factor for an economy that was already l
Mon, 18 Jul 2022 17:35:07 GMT
BOK takes first-ever “big step,” hiking interest rate to 2.25%
On Wednesday, the Bank of Korea’s Monetary Policy Board raised the standard interest rate from 1.75% to 2.25% a year, taking the “big step” of raising the interest rate by 0.50 percentage points — twi
Thu, 14 Jul 2022 17:18:34 GMT
Korean won falls to lowest point against dollar since 2009
The won-to-dollar exchange rate reached its highest level in a little over 13 years on Tuesday, with a peak of 1,316 during trading.Among the factors pushing the dollar’s value upward are the employme
Wed, 13 Jul 2022 17:50:15 GMT
Korea = tech powerhouse? Not so much, study shows
A new survey has found that only two of the world’s top tech companies are based in South Korea and that the country’s tech industry is tilted toward hardware.According to the results of a study relea
Wed, 13 Jul 2022 17:46:37 GMT
Korea tops world in shipbuilding orders – but workers are opting for better paying, safer gigs
The South Korean shipbuilding industry led the world in orders in the first half of the year, the first time it has done so in four years, since 2018.While the industry is flooded with orders, there a
Thu, 07 Jul 2022 17:39:50 GMT
KOSPI hits 20-month low as won continues to depreciate against US dollar
With concerns of a recession rattling the international community, the domestic financial market in South Korea took a major hit as well. The KOSPI fell below 2,300 for the first time in one year and
Thu, 07 Jul 2022 17:36:31 GMT
4 troubling signs appearing in South Korea’s export trends
“Export trends remain strong. The deficit is the result of imports increasing by a larger amount because of high oil prices.”This is the explanation offered by the administration and the trade sector
Tue, 05 Jul 2022 17:38:27 GMT
Business leaders from Korea, Japan discuss visa waivers, ending export controls
On Monday, the Federation of Korean Industries (FKI) and the Japan Business Federation, or Keidanren, held their 29th Korea-Japan Business Council meeting at the FKI Tower in Yeouido, Seoul. The counc
Tue, 05 Jul 2022 17:29:06 GMT
S. Korea’s foreign currency reserves drop by US$9.4B in June
The Bank of Korea announced that South Korea’s foreign exchange reserves in late June amounted to US$438.28 billion, US$9.43 billion lower than the figure in late May (US$447.71 billion).The central b
Tue, 05 Jul 2022 17:26:07 GMT
Downgraded growth rates feed fears of US recession’s impact on S. Korea
Projections for the growth rate of the US economy in the second quarter were lowered considerably only a few days after being posted, making the looming prospect of an economic recession appear ever m
Mon, 04 Jul 2022 17:17:39 GMT
Samsung becomes first mass producer of 3nm chips, ahead of TSMC
On Thursday, Samsung Electronics became the first chip foundry in the world to begin mass production of semiconductors through a 3-nanometer process based on gate-all-around (GAA) technology.Experts s
Fri, 01 Jul 2022 17:18:30 GMT
S. Korean police drop case alleging defect in Tesla doors
After investigating allegations that the US electric vehicle company Tesla concealed vehicle defects, South Korean police decided not to pursue the charges, citing a lack of evidence.The anti-corrupti
Wed, 29 Jun 2022 17:25:25 GMT
Russia’s debt default to have limited impact on S. Korea
Russia’s default on its foreign debt is expected to have a limited impact on the South Korean economy. Korean banks face an estimated US$1.7 billion in potential losses because of the default, which i
Tue, 28 Jun 2022 17:53:59 GMT
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Editorial・opinion
[Column] A year and a half of Yoon’s foreign, security policies has added to Korea risk
[Column] Korea’s diaspora discrimination
[Column] Climate hypocrisy by rich nations
[Editorial] Korea’s Supreme Court once again rules Japanese firms must directly compensate forced labor victims
[Editorial] With right-hand man as interim PPP leader, Yoon to solidify grip on party
[Editorial] Pope’s OK’ing of blessings for same-sex couples should be wake-up call for Korea
[Column] China’s insistence on “bright prospects” is stifling its economy
[Column] Chun Doo-hwan and Roh Tae-woo, Yoon Suk-yeol and Han Dong-hoon
[Column] Yoon’s oblivious diplomacy ended in expo rout – will it also fail to respond to N. Korea’s nukes?
[Column] Yoon’s war on Korea’s free press earns him headlines in global news outlets
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Korea’s top constitutional expert predicts Yoon will be dismissed from office
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[Column] Giving Yoon the benefit of the doubt
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Korea’s steel industry could buckle under Trump’s tariff war
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Human rights watchdog draws criticism for recommending guarantees for Yoon’s right to defense
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‘Deeply mortified’: Moon apologizes to Koreans for enabling Yoon’s rise
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