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South Korea Economy

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  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • Tuesday, 3 August, 2021
    News in-depth
    South Korea looks to fintech as household debt balloons to $1.6tn

    Digital lenders set to fill gap as banks pull back in heavily indebted nation

  • Tuesday, 27 July, 2021
    South Korean economy grows at record pace but Covid clouds outlook

    Second quarter GDP expands 5.9% year on year on exports and consumption rebound

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