SEOUL, Aug 3 (Reuters) – South Korea proposed on Monday property tax adjustments aimed at imposing higher duties on wealthy homeowners, as policymakers strive to stabilise a red-hot housing market.
South Korea’s smaller crypto exchanges chase finance deals as volume halves
After first-half trading turnover fell 54.6% from a year earlier, South Korea’s five won-based crypto exchanges are rebuilding their businesses around bank and brokerage partnerships, institutional …
N. Korean economy grows over 3 pct for 3rd consecutive year in 2025: BOK
The North Korean economy grew more than 3 percent for the third consecutive year in 2025, supported by expanded economic cooperation with Russia, South Korea’s central bank said Friday.
Posts spin false tale of South Korea library costs masking financial support to Pyongyang
Ahead of the opening of a new library dedicated to unification and North Korea, posts falsely claimed the South Korean government was indirectly providing support to Pyongyang by spending nearly 50 …
South Korea bets $14B on AI as trillion-dollar race accelerates
According to the finance ministry of South Korea, it will set up a sovereign wealth fund worth more than 20 trillion won ($14 billion) on Friday to invest in strategic and advanced industries. It …
South Korea bets $14B on AI as trillion-dollar race accelerates
According to the finance ministry of South Korea, it will set up a sovereign wealth fund worth more than 20 trillion won ($14 billion) on Friday to invest in strategic and advanced industries. It …
South Korea conducts rare dollar-selling intervention, source says
By Yena Park and Jihoon Lee SEOUL, July 31 (Reuters) – South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a …
South Korea conducts rare forex intervention alongside Japan, source says
By Yena Park and Jihoon Lee SEOUL, July 31 (Reuters) – South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a …
‘Lost my apartment fund, feel like dying’: South Korean retail investors recount massive losses in KOSPI crash
South Korean investors are sharing stories of massive losses after the KOSPI’s sharp decline erased billions in wealth. Some lost apartment funds, while others saw years of savings disappear.
Samsung reports record profit as South Korean chip giants benefit from global AI boom
South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also …