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South Korea economy

  • Thursday, 10 July, 2025
    News in-depth
    Seoul’s property boom and US tariffs put Korean central bank in a bind

    Policymakers fear cutting borrowing costs to boost economic growth could drive capital’s real estate prices higher

    Pedestrians walk along a street in the Gangnam district of Seoul
  • Monday, 30 June, 2025
    South Korean business & finance
    S Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

    Regulator allows locals to purchase foreign currency debts issued onshore as it seeks to offset capital outflows

    Employees in a trading room at Hana Bank in Seoul work at desks with multiple computer monitors displaying financial data. One person points at a screen with a pen, while another observes closely
  • Wednesday, 4 June, 2025
    South Korea politics & policy
    South Korea’s new president says country faces ‘tangled web’ of crises

    Lee Jae-myung takes charge of an economy under threat from US trade policies and cheaper Chinese producers

    Lee Jae-myung stands at a podium delivering a speech at the National Assembly in Seoul
  • Wednesday, 4 June, 2025
    South Korea politics & policy
    South Korean leftwinger Lee Jae-myung wins presidential election

    Democratic party candidate pledges to protect democracy after securing clear victory over conservative rival

    Supporters of Lee Jae-myung, the presidential candidate for South Korea’s Democratic party celebrate
  • Monday, 26 May, 2025
    The Big Read
    The ‘quiet’ crisis brewing between the US and South Korea

    Trade tensions are building, the military alliance is under pressure and Korean domestic politics are fraught. Can Seoul negotiate a way out?

    Montage of images of Kim Jong Un, Donald Trump and Lee Jae Myung
  • Thursday, 24 April, 2025
    South Korea’s GDP falls as political turmoil hits consumption

    First-quarter data highlights economic weakness just as Seoul launches tariff talks with US

    Shoppers walk with their bags at the Dongmyo Flea Market in Seoul
  • Sunday, 20 April, 2025
    InterviewSouth Korea politics & policy
    South Korea will not ‘fight’ Trump’s tariffs, says acting president

    Han Duck-soo says Seoul owes historical debt and is open to dropping trade barriers ahead of talks with Washington

    South Korean acting president Han Duck-soo
  • Sunday, 19 January, 2025
    News in-depth
    Martial law and Trump: political shocks add to South Korea’s economic woes

    Problems in Asia’s fourth-largest economy predate the current crisis

    Montage of Donald Trump, a woman and South Korean flag
  • Tuesday, 24 December, 2024
    News in-depth
    ‘A hostage situation’: South Korea paralysed in fight against Trump tariffs

    Companies fear political vacuum in Seoul will leave them vulnerable to tariffs and loss of subsidies

    A Samsung SDI new concept electric vehicle battery pack displayed at the InterBattery exhibition in Seoul
  • Monday, 16 December, 2024
    Ha-Joon Chang
    Economic unfairness threatens to undermine democracy in South Korea

    Three decades of market liberalisation have not delivered sustained growth or greater social mobility

    Protesters calling for the ousting of South Korea President Yoon Suk Yeol react after the result of the second martial law impeachment vote outside the National Assembly in Seoul
  • Friday, 6 December, 2024
    Trump tariffs a bigger concern than martial law crisis, says Korean central bank chief

    Governor highlights US president-elect’s threats and intensifying competition from Chinese exporters

    Rhee speaks at a Bank of Korea press conference
  • Wednesday, 4 December, 2024
    South Korea crisis as it happened: Opposition parties move to impeach president as thousands protest
  • Thursday, 10 October, 2024
    Meet Han Kang, winner of 2024’s Nobel Prize for literature
    South Korean author Han Kang wins Nobel literature prize

    Award comes against a backdrop of growing international appreciation of her country’s culture

    Han Kang
  • Tuesday, 24 September, 2024
    Bank of Korea
    South Korea’s central bank chief warns over Gangnam-style housing boom

    Rhee Chang-yong calls for caps on university admissions from upmarket capital districts to check price growth

    Pedestrians walk along a street in the Gangnam district of Seoul, with modern buildings and trees lining the sidewalk. A person is seen sweeping the pavement on the left side of the image.
  • Tuesday, 17 September, 2024
    News in-depthSouth Korean business & finance
    From steel to kimchi, South Korean exporters face flood of Chinese rivals

    Overproduction, tariffs and weak demand increase competition with a glut of low-cost goods

    Workers wash cabbage in a kimchi factory in Yeoncheon, South Korea
  • Thursday, 25 July, 2024
    South Korea society
    ‘A Moncler winter jacket has become like a school uniform’: children’s luxury booms in South Korea

    Parents and grandparents spoil their kids with expensive fashion products as low birth rate leads to smaller families

    Five young attendees of Seoul Fashion Week dressed in designer clothing pose for photographers in October 2017
  • Monday, 22 April, 2024
    The Big Read
    Is South Korea’s economic miracle over?

    Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on manufacturing

    Montage of images of a woman working on a production line, a hand holding a smartphone, and production chips, against a background of the South Korean flags and graph lines
  • Monday, 8 April, 2024
    Interview
    China now a rival rather than boon for South Korean exporters, warns minister

    Seoul says tech and manufacturing sectors must adapt to rising competition

    South Korean finance minister Choi Sang-mok
  • Wednesday, 3 April, 2024
    Asia-Pacific companies
    South Korean virtual reality fishing game reels in 1mn users

    Dev United Games’ success helps the country dominate this year’s FT ranking of high-growth Asia-Pacific companies

    Screenshot of a video game wherein there are three fishermen and a virtual hand trying to catch fish from a river. In the background is a lush mountainside and sunny skies
  • Thursday, 28 March, 2024
    South Korea society
    $75,000 for a baby? South Korean businesses float incentives as demographic crisis looms

    Companies and politicians try new strategies to encourage workers to start families

    A South Korean mother holding her child
  • Thursday, 22 June, 2023
    Asia manufacturing
    US overtakes China as market for South Korean goods

    Shifts in supply chains part of changing pattern of global trade

    Kia cars bound for shipment are parked next to a vehicle carrier at the port of Pyeongtaek
  • Tuesday, 13 June, 2023
    News in-depthSouth Korea
    China’s pressure on ‘weakest link’ South Korea falls flat amid tensions with US

    Beijing has wielded trade and leverage over North Korea to discourage Seoul from closer ties with Tokyo and Washington

    A Thaad missile defence interceptor test
  • Tuesday, 25 April, 2023
    News in-depthSouth Korea politics & policy
    South Korea’s president to seek assurances on chips and nuclear threat at Biden meeting

    Washington to welcome ally as anxiety mounts over China decoupling and North Korea

    Joe Biden and Yoon Suk Yeol at a news conference
  • Friday, 27 January, 2023
    South Korea’s pension fund forecast to run out in 2055 as demographic crisis hits

    Ageing population and underemployment add to pressures as Seoul pushes for reform

    Commuters walk outside a train station in Seoul as snow falls
  • Tuesday, 27 December, 2022
    South Korea politics & policy
    South Korea’s former president Lee Myung-bak to be pardoned

    Conservative leader given 17-year prison sentence in 2018 for charges including corruption and embezzlement

    Lee Myung-bak
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