The won-dollar exchange rate briefly exceeded 1,500 won during night trading, closing at 1,485.7 won
The won-dollar exchange rate temporarily surpassed 1,500 won for the first time in 17 years due to global dollar strength amid geopolitical tensions.
The Conditions for the Success of the Lee Jae-myung Government's 'State-led Growth'
The South Korean government under President Lee Jae-myung emphasizes state-led economic growth amidst challenges like declining potential growth rates and global economic crises.
Industry on Alert as Middle East Conflict Escalates: Concerns Over Rising Oil and Logistics Costs
South Korean manufacturers are growing increasingly anxious about the potential economic impact of escalating military conflict in the Middle East, which could lead to surging energy prices and supply chain disruptions.
Kim Min-seok: 'The economy is psychological... we will respond strictly to fake news using all means'
South Korean Prime Minister Kim Min-seok has announced a strict response to the spread of fake news aimed at inciting panic regarding the economic impact of the Middle Eastern crisis.
Park Hong-geun and Hwang Jong-woo Nominated as Minister Candidates
The South Korean government nominated Park Hong-geun and Hwang Jong-woo for the positions of Minister of the Ministry of Economy and Finance and Minister of the Ministry of Oceans and Fisheries, respectively.
Prime Minister Kim directs, "Continuously verify the safety of citizens residing in the Middle East" in response to attacks on Iran
South Korean Prime Minister Kim Min-seok has ordered urgent measures to ensure the safety of citizens and nationals in the Middle East amid rising military tensions due to the US-Israel attacks on Iran.
Silent on US and South Korea, Kim Jong-un focuses on economy at WPK congress
North Korean leader Kim Jong-un emphasized economic self-reliance during a speech at the Workers' Party congress, vowing to advance the country’s five-year economic plan without external influence.
Government sets export target of $740 billion for this year, focusing on eight key items
The Korean government has set an export target of $740 billion for the year, planning to support eight key sectors to achieve this goal despite existing trade pressures.
Kim Jong-un called to "intensify the ideological revolution" in North Korea
North Korean leader Kim Jong-un emphasized the need to consolidate the economy and intensify ideological transformation during the ongoing Party Congress.
Kim Jong-un: 'No change in circumstances can halt our advance'... Kim Yo-jong promoted to party vice-chairman
North Korean leader Kim Jong-un emphasized that the country's progress cannot be hindered by any challenges or changes in the situation, during a recent meeting following the 9th Party Congress.
Party Congress Indicates 'Facade of Prosperity': Former North Korean Room 39 Official Speaks of the Surface and the Backstage
North Korea's 9th Workers' Party Congress highlights Kim Jong Un's achievements while revealing a facade of economic prosperity, as indicated by former official Ri Jeong-ho who escaped to South Korea in 2014.
Selecting Companies to Become ‘Leading Circular Economy Models’ Minimizing Resource Consumption
The Korean Ministry of Climate, Energy, and Environment is recruiting companies that heavily generate waste to support the transition to a circular economy.
Kim Jong-un presents the 'next five years': four key points from the North Korean Workers' Party Congress
The 9th Congress of the Workers' Party of North Korea has opened in Pyongyang, where Kim Jong-un outlines the country's direction over the next five years, focusing on economic development and defense policies.
Court: ‘Tada Drivers’ of Socar are Workers, Must Pay 1.4 Billion Won in Suspension Allowance
A South Korean court has ruled that freelance drivers for the ride-hailing service Tada qualify as employees under labor laws and are entitled to 1.4 billion won in unpaid suspension allowances.
President Yoon's Approval Rating Reaches 63%, Highest of the New Year, Influenced by Economy and Real Estate Policy
A recent Gallup survey shows South Korean President Yoon Suk-yeol's approval rating at 63%, marking its highest point since November 2022, largely attributed to his economic and real estate policies.
Koo Yun-cheol: Preliminary Review of Candidate Projects for Investment in the U.S. Before the Implementation of the Special Law
South Korean Deputy Prime Minister Koo Yun-cheol announced plans to review candidate investment projects in the U.S. before the enactment of a special law aimed at strategic investment management.
Non-homeowners suffer most from unfair surges in home prices, says Lee
South Korean President Lee Jae Myung addressed concerns regarding rising home prices, emphasizing that stock prices and housing costs affect people differently, and non-homeowners are disproportionately impacted by the surge in housing costs.
President Yoon: 'We must share growth fruits with SMEs, local regions, and youth' [Video]
President Yoon Seok-yeol thanked the leaders of Korea's top 10 conglomerates for the recent KOSPI index surpassing 5000, urging them to invest in youth employment and local development.
[Editorial] On Thin Ice: The Need for Bipartisan Cooperation on Special Law Regarding Tariffs
The article discusses the urgent need for bipartisan cooperation in the South Korean National Assembly to expedite the 'Special Law for Strategic Investment Management with the U.S.', amid rising tariff pressures from the U.S. government under President Trump.
The South Korean President Lands in China for a First Visit Focused on Trade Relations
South Korean President Lee Jae Myung arrives in Beijing to strengthen economic ties with China while avoiding sensitive topics like Taiwan.
South Korean President arrives on state visit to China
South Korean President Lee Jae Myung has arrived in Beijing for a four-day state visit, accompanied by over 200 business leaders, to discuss investment, digital economy, and cultural exchange.