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Tag: South Korea

Posted on March 30, 2026

South Korea considers nationwide driving curbs as oil prices soar

By Kyu-seok Shim SEOUL, March 30 (Reuters) – South Korea is considering extending driving curbs to the general public if global oil prices climb further, senior officials said, as authorities seek to …
Posted on March 30, 2026

Philippines declares ‘national energy emergency’ as Iran war poses ‘imminent danger’ — now it must lean on coal. Does the US face the same shockwave?

No. America produces more oil than any country on earth and has abundant natural gas. It’s not facing the existential supply crisis forcing the Philippines to uncap coal plants, South Korea to restart …
Posted on March 30, 2026

South Korea weighs first driving curbs in 35 years on oil crunch

SEOUL: South Korea may widen restrictions on driving to include the general public if oil prices breach US$120 a barrel as it seeks to cushion the impact of the Iran war on its energy supplies, the …
Posted on March 29, 2026

Regulatory Backlash: $110B in Outflows Forces South Korea to Rethink Crypto Tax

South Korea’s political deadlock over virtual asset taxation has broken under the weight of market reality. Lawmakers from both major parties have agreed to delay the planned 20% Crypto Tax on gains …
Posted on March 29, 2026

Exclusive-South Korea’s $350 Billion US Investment Unlikely to Kick off in H1, Finance Minister Says

SEOUL, Jan 16 (Reuters) – South Korea’s planned investment of $350 billion ‌in strategic U.S. sectors under a trade deal is unlikely ‌to kick off in the first half of 2026, Finance Minister Koo …
Posted on March 29, 2026

Exclusive-South Korea’s $350 Billion US Investment Unlikely to Kick off in H1, Finance Minister Says

SEOUL, Jan 16 (Reuters) – South Korea’s planned investment of $350 billion ‌in strategic U.S. sectors under a trade deal is unlikely ‌to kick off in the first half of 2026, Finance Minister Koo …
Posted on March 27, 2026

South Korea’s overseas direct investment rebounds 8.7% after two-year decline

Last year, South Korea’s total overseas direct investment turned to growth for the first time in two years. Investment in the U.S. also rebounded for the first time in three years. According to the …
Posted on March 27, 2026

South Korea to carry out bond buyback, expand fuel tax breaks to cushion blow from Iran conflict

By Jack Kim and Cynthia Kim SEOUL, March 26 (Reuters) – South Korea on Thursday said it will carry out a 5 trillion won ($3.32 billion) emergency bond buyback and expand fuel tax cuts starting Friday …
Posted on March 26, 2026

South Korea to invest $166 million in AI chip startup Rebellions

SEOUL, March 26 (Reuters) – South Korea’s industry ministry on Tuesday said the Financial Services Commission’s advisory board approved a 250 billion won ($166 million) investment in a local …
Posted on March 26, 2026

South Korea to raise fuel price cap but expand tax break to cushion blow from Iran conflict

By Jack Kim SEOUL, March 26 (Reuters) – South Korea will raise a cap on fuel prices effective Friday at midnight and expand fuel tax breaks to ease the burden on consumers dealing with the fallout …

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