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    South Korea Economy

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    • Thursday, 22 June, 2023
      Asia manufacturing
      US overtakes China as market for South Korean goods

      Shifts in supply chains part of changing pattern of global trade

      Kia cars bound for shipment are parked next to a vehicle carrier at the port of Pyeongtaek
    • Tuesday, 13 June, 2023
      News in-depthSouth Korea
      China’s pressure on ‘weakest link’ South Korea falls flat amid tensions with US

      Beijing has wielded trade and leverage over North Korea to discourage Seoul from closer ties with Tokyo and Washington

      A Thaad missile defence interceptor test
    • Tuesday, 25 April, 2023
      News in-depthSouth Korea Politics & Policy
      South Korea’s president to seek assurances on chips and nuclear threat at Biden meeting

      Washington to welcome ally as anxiety mounts over China decoupling and North Korea

      Joe Biden and Yoon Suk Yeol at a news conference
    • Friday, 27 January, 2023
      South Korea’s pension fund forecast to run out in 2055 as demographic crisis hits

      Ageing population and underemployment add to pressures as Seoul pushes for reform

      Commuters walk outside a train station in Seoul as snow falls
    • Tuesday, 27 December, 2022
      South Korea Politics & Policy
      South Korea’s former president Lee Myung-bak to be pardoned

      Conservative leader given 17-year prison sentence in 2018 for charges including corruption and embezzlement

      Lee Myung-bak
    • Friday, 11 November, 2022
      South Korean business & finance
      How a liquidity crunch in South Korea began at Legoland

      Policymakers struggle to contain defaults as rate rises put pressure on emerging markets

      A picture of Legoland in South Korea
    • Tuesday, 27 September, 2022
      InterviewSouth Korean business & finance
      ‘Sense of crisis’ has gripped South Korean chip industry, warns minister

      Lee Jong-ho says new legislation will boost competitiveness in supply chain and security

      A Samsung Electronics chip production facility in Pyeongtaek, South Korea
    • Wednesday, 21 September, 2022
      Bank of Korea
      Bank of Korea denies imminent US swap deal as won falls

      South Korea battles to defend currency under pressure from Fed rate decision

      A currency trader walks by Korea foreign exchange rates screens
    • Sunday, 18 September, 2022
      InterviewSouth Korean business & finance
      South Korea complains of growing friction with US over high-tech trade

      Seoul’s trade minister accuses Joe Biden of about-face on electric vehicle subsidies

      An employee works on the production line manufacturing Hyundai Ioniq 5 electric vehicles at a plant in Ulsan, South Korea
    • Thursday, 15 September, 2022
      South Korea looks at ‘contingency plans’ to stabilise the won

      Finance minister steps up verbal intervention as currency hits 13-year low against the dollar

      A currency trader watches computer monitors near the screens showing the Korea Composite Stock Price index on Wednesday
    • Monday, 22 August, 2022
      North Korea nuclear tensions
      US and South Korea launch war games for first time in 4 years

      Military drills come as regional tensions mount over Pyongyang’s nuclear programme and Taiwan status

      South Korean soldiers check over tanks as part of the Ulchi Freedom Shield exercise with the US on Monday
    • Friday, 12 August, 2022
      South Korea Politics & Policy
      South Korea disputes China’s account of foreign minister talks

      Countries offer contrasting versions of missile defence policy as tensions increase

      South Korean foreign minister Park Jin, left, met his Chinese counterpart Wang Yi in Qingdao this week
    • Friday, 12 August, 2022
      Samsung Electronics Co Ltd
      Samsung heir Lee Jae-yong to win presidential pardon

      Billionaire scion of company’s ruling family served 19 months for bribing a former president

      Lee Jae-yong pictured getting out of a car at Seoul High Court in 2019
    • Wednesday, 3 August, 2022
      Semiconductors
      Samsung and SK Hynix rethink China exposure following US chips act

      Leading Korean chipmakers re-evaluate further Chinese investments in wake of Washington restrictions

      US president Joe Biden, right, with South Korean president Yoon Suk-yeol following a tour of the Samsung Electronics factory in Pyeongtaek
    • Tuesday, 5 July, 2022
      South Korean consumer prices rise at quickest rate since 1998

      Inflation piles pressure on central bank to increase rates by 50 basis points for first time

      A customer buys fish at the Mangwon Market in Seoul
    • Friday, 3 June, 2022
      South Korean inflation surges by most in almost 14 years

      Consumer price index rises 5.4% in May, adding further pressure on Asia’s fourth-biggest economy

      People inside a department store in Seoul
    • Tuesday, 26 April, 2022
      South Korea’s recovery slows as worries over China lockdowns rise

      Exports fell in April as analysts warn that demand is weakening while Beijing grapples with Covid fears

      A man walks under lotus lanterns at the Jogye Temple in Seoul on Monday
    • Thursday, 30 December, 2021
      InterviewGlobal trade
      S Korea trade minister calls for post-Covid focus on supply chain resilience

      Crisis has forced lasting shift in governments’ policy approach, according to Yeo Han-koo

      Container ships are docked at the Port of Busan in South Korea
    • Thursday, 2 December, 2021
      South Korean inflation races to fastest pace in a decade

      Consumer prices jump in Asia’s fourth-biggest economy amid Covid outbreak and supply chain turmoil

      People wearing face masks walk through Myeongdong shopping district in Seoul
    • Tuesday, 26 October, 2021
      Covid outbreak buffets South Korean growth

      Restrictions to contain the virus blamed for economy expanding just 0.3% in third quarter

      Shoppers peruse groceries in a Korean supermarket
    • Tuesday, 12 October, 2021
      South Korea Politics & Policy
      South Korea’s ‘Bernie Sanders’ touts universal basic income ahead of polls

      Leading presidential candidates embrace radical economic shifts to tackle growing inequality

      A man works on a rooftop of his shack as a luxury high-rise apartment complex is seen in the background at Guryong village in Seoul
    • Wednesday, 22 September, 2021
      Global Economy
      Low vaccination rates blamed for ‘diverging’ south-east Asia growth

      Asian Development Bank says economic recovery in some countries is being held back by Covid outbreaks

      A health worker vaccinates a school student in Banda Aceh, Indonesia
    • Tuesday, 7 September, 2021
      News in-depth
      South Korea shatters national debt taboo to tackle inequality

      Old-age poverty and youth unemployment spark crisis fears despite recession rebound

    • Tuesday, 31 August, 2021
      South Korea proposes record spending to deal with pandemic

      President says aggressive fiscal approach must be maintained as coronavirus cases surge

      People queue to get a Covid test in Seoul in July
    • Thursday, 26 August, 2021
      South Korea becomes first big Asian economy to raise interest rates

      Fears over rising property prices and record household debt outweigh surging Covid threat

      The Yeouido financial district of Seoul
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