south korea

Seoul, March 31 – The South Korean currency plummeted sharply to a 17-year low against the US dollar on Tuesday, as the escalating Middle East conflict fueled fears of further disruptions to global oil supplies and broader economic impacts.The won was quoted at 1,530.1 won per dollar, down...

Seoul, March 31 – The Ministry of Trade, Industry and Resources announced on Tuesday that it has allocated 924.1 billion won ($609 million) in a supplementary budget to address the Middle East crisis amid disruptions in energy and industrial supply chains.The announcement came after the...

South Korea Launches Crude Oil Swap System to Counter Supply Risks Amid Strait of Hormuz Disruptions Government Introduces Temporary Oil Swap Mechanism Seoul, March 31: South Korea’s government has introduced a crude oil swap system with private refiners starting Tuesday, aiming to stabilize...

Hyundai VENUE, Kia Seltos Secure 5-Star BNCAP Safety Ratings in India SUVs from Hyundai and Kia Achieve Top Crash Test Scores New Delhi, March 30: South Korean automakers Hyundai and Kia on Monday announced that their popular SUVs, the Hyundai VENUE and Kia Seltos, have secured 5-star safety...

KOSPI Slides Sharply Amid Foreign Selling and Tech Stock Weakness Seoul, March 30: South Korean equities witnessed a steep decline on Monday, with the benchmark Korea Composite Stock Price Index (KOSPI) dropping 3.98 percent amid heightened geopolitical tensions and heavy selling in large-cap...

BTS Concert Boosts Foreign Tourism in Seoul: Seongsu-dong Emerges as New Shopping Hotspot Surge in Foreign Visitors During BTS Concert in Seoul Seoul witnessed a significant rise in foreign tourist activity during the recent BTS comeback concert held on March 21 at Gwanghwamun Plaza. Major...

KOSPI Market Trends: Defense Stocks Rise While Auto and Shipbuilding Shares Decline South Korean Stock Market Reacts to Middle East Tensions South Korea’s benchmark Korea Composite Stock Price Index (KOSPI) witnessed notable sectoral shifts approximately one month after the U.S.-Israeli air...

South Korean Stocks Plummet Amid Middle East Tensions Seoul, March 27 – South Korean stocks experienced a sharp decline on Friday, driven by increased risk aversion stemming from renewed concerns regarding tensions in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) fell...

South Korea to Extend Fuel Tax Cuts Amid Middle East Conflict Seoul, March 26 – South Korea will significantly expand its temporary fuel tax cut to alleviate financial pressures on consumers due to the ongoing situation in the Middle East, the finance ministry announced Thursday.The current...

Seoul Central Bank Warns of Rising Interest Rates Amid Middle East Conflict SEOUL, March 26 – The Bank of Korea (BOK) has issued a warning regarding potential upward pressure on market interest rates due to the escalating conflict in the Middle East. The central bank’s statement, released on...

South Korean President Urges Energy Savings Amid Middle East Crisis Fuel Price Cap and Electricity Rate Freeze Seoul, March 26 – South Korean President Lee Jae Myung on Thursday called for national cooperation in energy-saving efforts, citing the disruption of global energy markets caused by the...

South Korean Won Rises as Trump Signals End to Middle East Conflict Seoul, March 25 – The South Korean won strengthened against the US dollar on Wednesday following indications from US President Donald Trump regarding a potential resolution to the escalating Middle East conflict.The won opened...

South Korean Stocks Surge on Geopolitical Hope, Tech Gains Seoul, March 25 – South Korean stocks experienced a significant increase on Wednesday morning, fueled by gains in large-cap technology shares and cautious optimism surrounding potential progress in negotiations between the United States...

South Korea Enforces Five-Day Vehicle Restrictions Amid Oil Supply Concerns Government Tightens Energy Measures as Middle East Tensions Persist Seoul, March 24: South Korea will strictly enforce a mandatory five-day vehicle restriction system across the public sector as it prepares for potential...

Wipro Expands Operations in South Korea with Seoul Innovation Lab New Delhi, March 23, 2026 – Wipro Limited announced the expansion of its business operations in South Korea, including a larger office in Seoul and the launch of a new Seoul Innovation Lab as part of its Wipro Innovation Network...

South Korea Sees Second Consecutive Drop in Foreign Currency Deposits in February Seoul, March 23 – Foreign currency deposits in South Korea declined for the second straight month in February, driven by reductions in both corporate and individual holdings, according to data released by the Bank...

Seoul, March 22 — President Lee Jae Myung on Sunday said he has directed both his office and the Cabinet to bar owners of multiple properties from participating in the formulation of real estate policies, as part of a broader push to curb housing speculation.In a post on X, Lee stated that...

South Korea Forms Task Force to Counter US Trade Probes on Excess Capacity and Forced Labor Seoul, March 20: South Korea’s Ministry of Trade, Industry and Resources on Friday announced the formation of a joint task force with private sector stakeholders to coordinate a response to ongoing trade...

South Korean Stock Market Today: KOSPI Trims Gains as Tech Stocks Weigh Under Foreign Selling Seoul, March 20: South Korean equities pared early gains on Friday morning, with the benchmark KOSPI index turning volatile as heavyweight technology stocks came under pressure due to sustained foreign...

Fed Policy Uncertainty Rises Amid Middle East Tensions, Bank of Korea Signals Continued Rate Pause Global Risks Cloud US Monetary Policy Outlook Seoul, March 19: Uncertainty surrounding the future course of US monetary policy has intensified, driven by escalating geopolitical tensions in the...