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South Korea
Global Economy
South Korea cuts growth forecasts after martial law fiasco
The Finance Ministry now sees the economy growing 1.8% in 2025 after expanding 2.1% last year.
16 days ago
Deals, joint ventures & alliances
Alibaba, E-Mart to create US$4 bil e-commerce JV in South Korea
In 2021, E-Mart acquired a controlling stake in eBay’s South Korean online marketplace for about US$3 billion, expanding its customer base in groceries and general merchandise.
22 days ago
Global Economy
South Korea's central bank vows to stabilise markets amid political turmoil
'Predictability of the political process is expected to improve going forward and financial market volatility is anticipated to reduce'
December 15, 2024
Global Economy
South Korea's Yoon impeached after botched martial law attempt
Yoon will be suspended from his duties, with Prime Minister Han Duck-soo expected to step in as interim leader
December 14, 2024
Global Markets
Kospi’s losses have traders debating need for stabilisation fund
The Kospi Index has lost 5.6% since President Yoon Suk Yeol’s botched martial law imposition, while the small-cap Kosdaq Index has slid even more.
December 09, 2024
Geopolitics
South Korea’s ruling party vows ‘orderly exit’ for Yoon
President Yoon shocked the nation by briefly declaring martial law, which he revoked within hours after parliament unanimously rejected it.
December 08, 2024
Geopolitics
South Korea's Yoon apologises hours before impeachment vote
Yoon Suk Yeol's high-risk political gamble came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trump.
December 07, 2024
Global Markets
South Korea's Yoon can kiss his stock market reform goodbye
Instead of lifting up the stock market, Yoon is giving global investors one more reason to stay away
December 05, 2024
China Focus
China’s meme stock obsession finds new play in Korean theme
A few Chinese meme stocks whose names are related to South Korea jumped as traders sought to cash in on a brief declaration of martial law in the nation.
December 04, 2024