South Korea cuts 2023 growth forecast on chip slump
SEOUL – South Korea trimmed its growth outlook for 2023, citing uncertainties over momentum in China and the United States, the world’s two largest economies. The finance…
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South Korea
South Korea leader stresses need for cooperation with Japan on North Korea
WASHINGTON – South Korean President Yoon Suk Yeol told US lawmakers on Thursday it is necessary to speed up trilateral cooperation with Japan and the United States to counter…
South Korea tempers inflation fight with smaller rate hike
SEOUL – The Bank of Korea (BOK) raised its key interest rate by a quarter-percentage point on Thursday (Aug 25), returning to its usual pace of tightening as it balances the need…
Biden joint meeting with leaders of Japan, South Korea at Nato summit
MADRID – United States President Joe Biden will hold a rare three-way meeting with the leaders of Japan and South Korea at the Nato summit in Madrid on Wednesday (June 29), a US…
Singapore qualify for World Championships after 6-3 win over South Korea
SINGAPORE – Singapore’s men’s floorball team qualified for a fourth straight edition of the World Championships after a 6-3 win over South Korea in the quarter-final of the Men’s…
South Korea to join economic sanctions against Russia over Ukraine
SEOUL – President Moon Jae-in said on Thursday (Feb 24) that South Korea would join other countries by imposing economic sanctions on Russia over its military operations in…
South Korea inflation accelerates to decade-high in November
SEUOL – South Korea’s inflation accelerated to the fastest pace since 2011, reinforcing concerns that strong price pressures will persist and bolstering the case for the central…
South Korea largest payments app Kakao Pay more than doubles in trading debut
SEOUL – Kakao Pay, South Korea’s largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public markets that was marked by heightened regulatory…
Son Heung-min strikes late to earn South Korea victory over Syria
HONG KONG – Son Heung-min struck with less than two minutes remaining to earn South Korea a dramatic 2-1 win over Syria in Ansan on Thursday (Oct 7) as Paulo Bento’s side…
South Korea unemployment drops to record low as job seekers stay home
SEOUL – South Korean unemployment unexpectedly dropped to a record low last month as restrictions to combat the nation’s worst Covid-19 outbreak prevented job seekers from searching for…