South Korea starts 2026 with 11.3 trillion won surplus
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax...
Tag : South Korea
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
AI boom lifts South Korea ICT exports above 260 billion dollars in 2025
MENA Newswire, SEOUL: South Korea’s exports of information and communication technology products rose more than 12 percent in 2025, underscoring the country’s central role in the global supply chain...
South Korea online sales hit record 16.75 billion in November
MENA Newswire, SEOUL: Online shopping sales in South Korea reached a record 24.15 trillion won (US$16.75 billion) in November, marking a 6.8 percent increase from the same period a...
UAE and Korea strengthen cooperation in energy and advanced industry
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology...
South Korea reinstates Japan on export white list to boost economic ties
South Korea has reinstated Japan on its “white list” of trusted trading partners, a significant step towards mending their bilateral economic and diplomatic ties. Three...
South Korea opposes North Korean satellite acquisitions
The South Korean government banned dozens of materials used by North Korea in satellite development from being exported via a third country. The move is...
External debt of South Korea rises to $32 billion
Government data showed Wednesday that South Korea’s external debt increased by $32.1 billion from a year earlier. According to the Bank of Korea (BOK) and...
South Korea will release its overarching defense strategy
The South Korean defense ministry said Tuesday it is seeking to release an overarching national defense strategy next month to chart a mid- and long-term...
New COVID-19 infections rebound to over 15,000 in South Korea
Following the extended weekend, the number of COVID-19 cases in South Korea rebounded to over 15,000, though daily infections have been decreasing. According to Yonhap,...