south korea

Seoul, February 26: South Korea’s antitrust regulator has imposed a fine of 2.19 billion won, equivalent to $1.54 million, on e-commerce major Coupang for engaging in unfair trade practices involving its suppliers.The country’s Fair Trade Commission said on Thursday that the company pressured...

Bank of Korea Maintains Benchmark Rate for Sixth Straight MeetingSeoul, February 26: The Bank of Korea kept its benchmark interest rate unchanged at 2.5 percent on Thursday, signaling a cautious approach as policymakers balance stronger economic growth with mounting financial stability...

200,000 Taiwanese Accounts Accessed in Coupang Cyber Incident Seoul, February 25: US-listed e-commerce giant Coupang said on Wednesday that around 200,000 Taiwanese customer accounts were compromised in a recent data breach that affected approximately 33 million accounts.The disclosure follows...

Business Survey Index Climbs Above 100 for First Time in 47 Months Seoul, February 24: South Korea’s business sentiment has turned positive for March, marking its first rebound in four years, supported by strong exports of semiconductors and automobiles.The Business Survey Index for the...

Seoul, February 23: South Korean and Brazilian business leaders have proposed a new roadmap to deepen bilateral cooperation in advanced manufacturing, strategic minerals, agriculture, and lifestyle industries during a high-level business forum in Seoul.The proposals were presented at the...

Declining Ownership Among 20s and 30s New data from South Korea’s auto industry tracker Carisyou shows that new passenger car purchases by people in their 20s and 30s fell to their lowest levels in a decade in 2025.New car registrations among consumers in their 20s totaled 61,962 units...

Seoul, February 23: South Korea has reaffirmed its commitment to maintaining stable trade relations with the United States, with the government pledging continued “amicable” consultations to safeguard favorable export conditions secured under the bilateral tariff agreement between the two...

Foreign investors have offloaded nearly ₩9 trillion worth of shares on South Korea’s main bourse so far in 2026, even as the benchmark index climbs to an all-time high.Data released on Sunday by the Korea Exchange showed that overseas investors recorded net sales of ₩9.1 trillion through...

National Cremation Rate Hits Record High in 2024 Seoul, February 15: South Korea’s cremation rate continues its steady upward climb, intensifying concerns over potential shortages of cremation facilities, particularly in densely populated cities such as Seoul and Busan.Fresh data released on...

Seoul, February 15 – South Korea is preparing to form a team of specialists to support a newly established government committee tasked with conducting a preliminary review of potential investment projects in the United States as part of a trade deal between the two countries, trade authorities...

Washington, February 14 – The administration of US President Donald Trump has unveiled an action plan to rebuild America's shipbuilding industry, pledging to continue "historic" cooperation with South Korea and Japan, and proposing a strategy that would allow the first ships in a contract to be...