The Asian Development Bank (ADB) has lowered South Korea’s 2025 growth outlook to 2%, down 0.3 percentage points from its earlier forecast. The Manila-based bank announced Korea’s revised gr...
The U.S. B-1B strategic bomber took part in a joint air exercise with South Korea and Japan, the Joint Chiefs of Staff (JCS) announced Nov. 3. The exercise was held over the overlapping area...
South Korea’s headline inflation cooled in September, falling below the central bank’s 2% target for the first time since March 2021. Experts cite lower oil prices and weakening demand as fa...
South Korea will make it easier for foreign workers to transfer between branches at construction sites managed by the same employer. This measure aims to tackle the rising labor costs at con...
South Korea’s plan to issue a record 200 trillion won ($150 billion) in government bonds next year sent shockwaves across the country’s bond market. The announcement surprised market partici...
South Korea has the highest average tariff rate on food products in the world, according to the World Trade Organization (WTO) on July 4. When assessed by trade-weighted items, the rate near...
Coupang, South Korea’s e-commerce giant, significantly increased its U.S. lobbying efforts in early 2024, spending over half of last year’s total lobbying funds in the first quarter alone. T...
Seongsu-dong, a trendy Seoul neighborhood popular among locals, has recently been bustling with foreigners. People from all over the world have been visiting the dance studio “1MILLION Dance...
The Korea Fair Trade Commission (KFTC) has conditionally approved the merger of Kakao and Kakao Entertainment with SM Entertainment. The KFTC directed SM Entertainment to adhere to correctiv...
Samsung Electronics and SK Hynix are expected to pay zero corporate taxes in South Korea this year, raising concerns about a potential tax revenue shortfall. The gasoline tax cut, now a perm...
