SEOUL, March 31 (Reuters) – South Korea will introduce a policy allowing oil refiners to swap crude supply from its national reserve, a spokesperson from the industry ministry said on Tuesday. The …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …