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[Yoo Choon-sik] Promises for living cost problems
[Ken Taylor] Reshaping the discourse on heritage
[Editorial] Simplify property taxes
N. Korea expresses full support for Palestinian UN membership
Afghanistan floods devastate villages, killing 315
1 passenger dies after falling overboard on cruise ship
[Herald Interview] Sculptor inspired by childhood friend nature
LG Electronics CEO offers to pay $1m salary to top AI talents
Hybe-Ador CEO conflict gets messier
[Contribution] Korea should prioritize innovation, not misguided platform regulation
Battery makers ramp up efforts to diversify graphite supply chain
Yoon names new military manpower chief
Popular online game soundtracks recreated as traditional music
[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
Samsung Electronics microwave tops European market
[Photo News] Empowering jobseekers
Court's ruling set to shape path of medical school expansion
Motional delays self-driving service launch to 2026 following Hyundai investment
Loans of self-employed swell 50% in four years
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Beer imports from Japan more than double in Q1
Apr 17, 2024
South Korea's imports of Japanese beer products more than doubled on-year in the first quarter this year, despite a 20 percent drop in the country's overall beer imports during the same period, government data showed Wednesday. According to the Korea Customs Service, the combined value of Korea's beer imports in the January-March period decreased by 19.8 percent on-year to reach $45.2 million. I...
Korean won slides amid heightened uncertainty
Apr 16, 2024
The Korean won weakened to 1,400 won against the US dollar during trading hours Tuesday, marking a new 17-month low as the Korean economy faces headwinds from the escalating volatility in the Middle East. The local currency against the greenback closed at 1,394.5 won, losing its value by 10.5 won from the previous trading day. Shortly after trading began at 1,389.9 won, the rate weakened to 1,4...
Credit card transactions hit W900tr in 2023
Apr 16, 2024
Shinhan outpaces rivals with 20% market share
Pineapple, mango imports surge to record highs in March
Apr 16, 2024
South Korea witnessed its highest-ever import figures for pineapples and mangoes in March, largely driven by the government’s recent efforts to address the soaring prices of homegrown apples by diversifying demand toward alternative options. According to the Korea Customs Service on Tuesday, the import volume of pineapples reached 8,686 tons, worth $8.68 million, in March, up 44.7 percent from t...
Korea braces for blows from Middle East conflict
Apr 15, 2024
The heightened geopolitical tensions from Iran's attack on Israel have cast gloom on Korea as well, bringing down local shares and leading to currency depreciation. While the Korean won has been losing its value against the US greenback in recent days with weakened anticipation on the US Federal Reserve taking a pivot in its monetary policy any time soon, the escalated volatility has led to furt...
How should Korea adjust its trade defenses against Chinese EVs?
Apr 15, 2024
Korea, home of the world’s third-largest automaker, Hyundai Motor Group, finds itself at a critical juncture as the rise of Chinese-made electric vehicles in the domestic market poses a complex challenge: how to protect national interests while embracing the inevitable shift toward electrification. Unlike the United States and the European Union, which perceive Chinese EVs as a grave security th...
[Hello India] Venturing into India's regulatory landscape
Apr 15, 2024
Korean law firm Jipyong's India-focused team advises Korean businesses on how to monetize its massive market
S. Korea ups guard against economic impact from Middle East conflict
Apr 15, 2024
The South Korean government on Sunday announced heightened vigilance against potential domestic repercussions in light of the escalated tensions in the Middle East following Iran's attack on Israel. President Yoon Suk Yeol convened an emergency meeting with cabinet members and relevant government agencies to discuss strategies to respond to the the ongoing conflict between Iran and Israel. The ...
Korea faces another compensation claim over 2015 Samsung merger
Apr 12, 2024
The South Korean government faced another compensation claim for its alleged role in the 2015 merger of two Samsung companies. The Hague-based Permanent Court of Arbitration ruled Thursday that the Korean government should compensate some $32.03 million to Mason Capital, a New York-based hedge fund, for its investment losses from the high-profile merger deal. Mason had originally demanded to be ...
BOK holds rate, wary of inflation's ‘last mile’
Apr 12, 2024
Korean won-US dollar exchange rate closes at 1,375.4 won, hitting 17-month high
Korean auto exports hit record $17.5 billion in Q1
Apr 12, 2024
Korean automobile exports reached a record $17.5 billion in the first quarter of this year, marking a 2.7 percent increase from the same period last year, according to the Ministry of Trade, Industry and Energy on Thursday. Automobile exports surged to $6.2 billion in March alone, following a slight dip to $5.2 billion the previous month. This boost was largely driven by the robust performance o...
BOK to keep restrictive stance for longer period amid inflation woes
Apr 12, 2024
South Korea's central bank froze its key rate for the 10th straight session Friday, saying that its current restrictive stance will be maintained for a sufficient period of time amid woes over high inflation and household debt. In a widely expected decision, the monetary policy board of the Bank of Korea (BOK) kept its policy rate unchanged at 3.5 percent. The BOK has continued to stand pat fol...
[Herald Interview] Weak consumption, property crisis could delay Korea’s recovery: ADB economist
Apr 11, 2024
Korean economy forecast to grow by 2.2% in 2024, 2.3% in 2025
Amid deeping apple crisis, S. Korea eyes long-term measures
Apr 11, 2024
This year’s spikes in apple prices have prompted South Korean officials to explore long-term strategies to stabilize fruit harvests. While the latest price trends are influenced by various factors, including short-term weather events, officials are concerned about a troubling underlying trend: Declining harvests due to shrinking cultivation areas in the country attributed to climate change, a de...
Korea's national debt hits record high in 2023
Apr 11, 2024
South Korea's national debt surged by nearly 60 trillion won ($44 billion) last year, reaching a record high. According to a report on the 2023 national settlement of accounts approved at a Cabinet meeting, the country's national debt stood at 1,126.7 trillion won, up by 59.4 trillion won from 2022. The total includes 1,092.5 trillion won owed by the central government and 34.2 trillion won owe...
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Seoul transit pass for travelers to be available starting July
Controversy rekindled over when to name criminals, suspects
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
N. Korea says to deploy new multiple rocket launcher starting this year
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[Drama Tour] Romantic trip to ‘Queen of Tears’ filming spots
Battery makers ramp up efforts to diversify graphite supply chain
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Hybe-Ador CEO conflict gets messier
‘Monk’ DJ spreading Buddhism goes global
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[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
Buddha's birthday lantern parade to light up Seoul
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