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...
Tag : South Korea
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...
Electronic payments in Korea hit record high in 2024
Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions....
Korean won hits new yearly low amid Trump tariff concerns
The Korean won hit a new yearly low, falling to 1,471.35 per dollar, as US tariffs and domestic political tensions increase economic uncertainty in South...
South Korea commended by UN for peace and security contributions
UN’s Rosemary DiCarlo praised South Korea’s peacebuilding role, highlighting discussions with Korean officials on security concerns, regional stability, and broader peace initiatives, including efforts on...
Korea’s corporate financing surges 57.6 percent in September
South Korea’s corporate financing surged by 57.6% in September, driven by strong bond sales. Companies raised 31.6 trillion won, while equity issues declined significantly....
South Korea faces sharp rise in COVID-19 detected in wastewater
South Korea's latest data shows a rapid increase in COVID-19 levels in wastewater, reflecting a larger summer outbreak....
South Korea’s auto exports soar to $37 billion in first half
In 2024, South Korea's car exports reached a new high of $37 billion, driven by a surge in demand for hybrid models....
Borouge opens offices in Kenya, South Korea
Borouge, a global leader in petrochemical solutions, extends its presence with new offices in Kenya and South Korea....