South Korea Economy

S Korea, India to strengthen ties to diversify supply chain away from China

South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China

South Korean President Yoon's approval rating rises to 40.4% after 6 weeks

In the poll of 2,504 adults conducted by Realmeter from February 13-17, the positive assessment of Yoon's performance rose 3.5 percentage points from a week earlier to 40.4 per cent

Inflation in South Korea rises to 24-yr high amid soaring energy costs

South Korea's consumer prices rose at the fastest clip in nearly 24 years in June, mainly due to soaring energy costs, government data revealed on Tuesday

S Korea's January factory activity grows at fastest pace in 6 months: PMI

A sub-index on job growth showed employment expanded for a second successive month in January.

South Korea's instant meals market skyrockets 145% over 4 years

The South Korean instant meals market jumped more than 145 per cent in 2020 from four years earlier on the increased number of convenience stores and the coronavirus pandemic

South Korea exports post $644.5 billion, hitting all-time high in 2021

With the strong sales of major industries and growth of new industries, South Korea's exports posted $644.5 billion, the highest ever, in 2021

S Korea factory activity quickens but output, export orders shrink: PMI

Activity in South Korea's factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum

S. Korea's economy expected to rank 10th largest for 3 straight yrs: IMF

South Korea's economy is projected to continue to rank the 10th largest for three straight years in 2022 in terms of nominal GDP, data from the International Monetary Fund have showed

South Korea to prepare $3.6 bn Covid stimulus package for small businesses

Of the total package, some 3.2 trillion won would be allocated to provide 1 million won each to 3.2 million small business owners that experienced a decrease in sales.

South Korea central bank sees inflation standing above 2% target for longer

Consumer inflation accelerated to a decade-high of 3.7% in November from a year earlier, while core CPI, which excludes volatile food and fuel, rose to 1.9%

South Korea's first quarter economic growth faster than expected at 1.7%

South Korea's economy grew slightly faster than expected, thanks to a robust recovery of exports and facility investment, inching the nation's economic growth closer to the pre-pandemic level

South Korean tanker held by Iran over money dispute now on the move

A South Korean oil tanker held for months by Iran amid a dispute over billions of dollars held in Seoul was leaving Iran early Friday

LG partners major telecom operator in home-country to develop AI services

LG said on Tuesday that it plans to develop cross-platform artificial intelligence (AI)-powered services with KT Corp, South Korea's major telecom operator, to expand use of its human-like algorithm

World coronavirus dispatch: Protesters weigh Covid risks on crowded streets

From looting and vandalism compounding virus woes in the US, to backlash in China over front-line doctor's death, and South Korea's $29-billion stimulus - read these and more in today's world dispatch

South Korea announces $29 bn to fight economic crisis due to pandemic

The government puts in place support measures equivalent to about 14 per cent of gross domestic product to counter the economic fallout from the coronavirus

South Korea exports rise on record chip and petrochemicals shipments

Auto shipments turned around to a 0.5 per cent increase as Korean automakers launched new sports utility vehicles IN US

South Korea sees economic growth slowing in 2018 on slowing investment

South Koreans hold record debt while the nation's workforce is shrinking

After building boom, South Korea girds for housing glut

At 88.4 per cent of 2015 GDP, South Korea's household debt even exceeds that of the United States and Japan