The IMF raised its 2026 growth forecast for South Korea to 3.3%, citing strong semiconductor exports that outweighed the impact of the war in the Middle East.
South Korea’s competitiveness slumps without semiconductors
Analysis shows that once the semiconductor supercycle is removed, South Korea’s industrial competitiveness has already stagnated or begun to decline. There are also suggestions that breaking the trend …
Bangladesh missed Samsung investment in 2013; Vietnam now exports $57bn in Samsung products annually: KBAA president
Koica Bangladesh Country Director Jihoon Kim said the development partnership between Bangladesh and South Korea extends beyond individual training programmes, with alumni playing an important role in …
How Sole Proprietors Can Send Money to South Korean Business Partners: Should You Open a Korean Bank Account? A Comparison to Avoid Losses on Fees, Rates, and Recurring Payments
When you have ongoing business with partners in South Korea, the challenge of international remittances is something you will encounter early on. When sending from a bank, multiple fees stack up, …
S. Korean military detonates suspected N. Korean land mine washed ashore on west coast
Heavy rains often wash North Korean mines across the border into South Korean territory. Located just northwest of Incheon along the Han River estuary, Ganghwa Island is one of the closest islands to …
AI-powered bank hacks in South Korea put cyber insurance gaps under scrutiny
Suspected AI-enabled cyberattacks on major South Korean banks exposed tens of thousands of customer records and raised questions about coverage adequacy …
South Korea finance ministry says it may ban foreign banks arranging global bond deals
By Seunggyu Lim SEOUL, Oct 8 (Reuters) – South Korea is considering prohibiting investment banks without domestic securities licenses from arranging offshore bond sales of local issuers amid an …
CrowdStrike links South Korean bank hacks to China-based attacker using AI
U.S. cybersecurity firm CrowdStrike (CRWD) said a suspected China-based attacker used AI tools to target South Korean financial institutions between late September and early October.
FPT and Inswave Partner to Advance Talent Development and System Integration in South Korea
Global technology corporation FPT and South Korean enterprise software provider Inswave have signed a memorandum of understanding (MOU) to expand collaboration in talent development, system …
How do intellectual property rules differ between Japan and South Korea? Patent attorneys from both countries discuss the current state of systems and AI
The work of a patent attorney changes depending on the country. How to engage with examiners, rules for damages, and how to handle AI. In our neighboring country, they may have arrived at different …