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South Korea economy

  • Friday, 11 November, 2022
    South Korean business & finance
    How a liquidity crunch in South Korea began at Legoland

    Policymakers struggle to contain defaults as rate rises put pressure on emerging markets

    A picture of Legoland in South Korea
  • Tuesday, 27 September, 2022
    InterviewSouth Korean business & finance
    ‘Sense of crisis’ has gripped South Korean chip industry, warns minister

    Lee Jong-ho says new legislation will boost competitiveness in supply chain and security

    A Samsung Electronics chip production facility in Pyeongtaek, South Korea
  • Wednesday, 21 September, 2022
    Bank of Korea
    Bank of Korea denies imminent US swap deal as won falls

    South Korea battles to defend currency under pressure from Fed rate decision

    A currency trader walks by Korea foreign exchange rates screens
  • Sunday, 18 September, 2022
    InterviewSouth Korean business & finance
    South Korea complains of growing friction with US over high-tech trade

    Seoul’s trade minister accuses Joe Biden of about-face on electric vehicle subsidies

    An employee works on the production line manufacturing Hyundai Ioniq 5 electric vehicles at a plant in Ulsan, South Korea
  • Thursday, 15 September, 2022
    South Korea looks at ‘contingency plans’ to stabilise the won

    Finance minister steps up verbal intervention as currency hits 13-year low against the dollar

    A currency trader watches computer monitors near the screens showing the Korea Composite Stock Price index on Wednesday
  • Monday, 22 August, 2022
    North Korea nuclear tensions
    US and South Korea launch war games for first time in 4 years

    Military drills come as regional tensions mount over Pyongyang’s nuclear programme and Taiwan status

    South Korean soldiers check over tanks as part of the Ulchi Freedom Shield exercise with the US on Monday
  • Friday, 12 August, 2022
    South Korea politics & policy
    South Korea disputes China’s account of foreign minister talks

    Countries offer contrasting versions of missile defence policy as tensions increase

    South Korean foreign minister Park Jin, left, met his Chinese counterpart Wang Yi in Qingdao this week
  • Friday, 12 August, 2022
    Samsung Electronics Co Ltd
    Samsung heir Lee Jae-yong to win presidential pardon

    Billionaire scion of company’s ruling family served 19 months for bribing a former president

    Lee Jae-yong pictured getting out of a car at Seoul High Court in 2019
  • Wednesday, 3 August, 2022
    Semiconductors
    Samsung and SK Hynix rethink China exposure following US chips act

    Leading Korean chipmakers re-evaluate further Chinese investments in wake of Washington restrictions

    US president Joe Biden, right, with South Korean president Yoon Suk-yeol following a tour of the Samsung Electronics factory in Pyeongtaek
  • Tuesday, 5 July, 2022
    South Korean consumer prices rise at quickest rate since 1998

    Inflation piles pressure on central bank to increase rates by 50 basis points for first time

    A customer buys fish at the Mangwon Market in Seoul
  • Friday, 3 June, 2022
    South Korean inflation surges by most in almost 14 years

    Consumer price index rises 5.4% in May, adding further pressure on Asia’s fourth-biggest economy

    People inside a department store in Seoul
  • Tuesday, 26 April, 2022
    South Korea’s recovery slows as worries over China lockdowns rise

    Exports fell in April as analysts warn that demand is weakening while Beijing grapples with Covid fears

    A man walks under lotus lanterns at the Jogye Temple in Seoul on Monday
  • Thursday, 30 December, 2021
    InterviewGlobal trade
    S Korea trade minister calls for post-Covid focus on supply chain resilience

    Crisis has forced lasting shift in governments’ policy approach, according to Yeo Han-koo

    Container ships are docked at the Port of Busan in South Korea
  • Thursday, 2 December, 2021
    South Korean inflation races to fastest pace in a decade

    Consumer prices jump in Asia’s fourth-biggest economy amid Covid outbreak and supply chain turmoil

    People wearing face masks walk through Myeongdong shopping district in Seoul
  • Tuesday, 26 October, 2021
    Covid outbreak buffets South Korean growth

    Restrictions to contain the virus blamed for economy expanding just 0.3% in third quarter

    Shoppers peruse groceries in a Korean supermarket
  • Tuesday, 12 October, 2021
    South Korea politics & policy
    South Korea’s ‘Bernie Sanders’ touts universal basic income ahead of polls

    Leading presidential candidates embrace radical economic shifts to tackle growing inequality

    A man works on a rooftop of his shack as a luxury high-rise apartment complex is seen in the background at Guryong village in Seoul
  • Wednesday, 22 September, 2021
    Global Economy
    Low vaccination rates blamed for ‘diverging’ south-east Asia growth

    Asian Development Bank says economic recovery in some countries is being held back by Covid outbreaks

    A health worker vaccinates a school student in Banda Aceh, Indonesia
  • Tuesday, 7 September, 2021
    News in-depth
    South Korea shatters national debt taboo to tackle inequality

    Old-age poverty and youth unemployment spark crisis fears despite recession rebound

  • Tuesday, 31 August, 2021
    South Korea proposes record spending to deal with pandemic

    President says aggressive fiscal approach must be maintained as coronavirus cases surge

    People queue to get a Covid test in Seoul in July
  • Thursday, 26 August, 2021
    South Korea becomes first big Asian economy to raise interest rates

    Fears over rising property prices and record household debt outweigh surging Covid threat

    The Yeouido financial district of Seoul
  • Tuesday, 3 August, 2021
    News in-depth
    South Korea looks to fintech as household debt balloons to $1.6tn

    Digital lenders set to fill gap as banks pull back in heavily indebted nation

    Myeongdong shopping district, Seoul
  • Tuesday, 27 July, 2021
    South Korean economy grows at record pace but Covid clouds outlook

    Second quarter GDP expands 5.9% year on year on exports and consumption rebound

    People wearing masks walk at Myeongdong shopping district in Seoul
  • Saturday, 24 April, 2021
    Asia-Pacific equities
    South Korea’s retail investor army declares war on short-sellers

    Amateur traders gaining political clout after becoming dominant force in $2tn stock market

  • Tuesday, 26 January, 2021
    Vaccine rollout and tech exports boost S Korea growth expectations

    GDP rises 1.1% in the fourth quarter despite December Covid-19 outbreak

  • Sunday, 3 January, 2021
    South Korea society
    South Korea population falls for first time

    Data highlight demographic challenges as country faces healthcare, labour and pension strains

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