Major global investment banks, IB, have collectively raised their forecasts for South Korea’s consumer price inflation rate for this year and next year. This comes as the won’s exchange rate against …
Parataxis Agrees to Buy Control of South Korea’s Sinsiway for $27M, Build Ether Treasury
The deal would rename the company Parataxis ETH, Inc. and make it South Korea’s first ether-focused treasury platform backed by U.S. institutional capital.
South Korea parliament clears 2026 budget to power AI-led growth
SEOUL] South Korea’s parliament approved a 727.9 trillion won (S$642.4 billion) budget for next year on Tuesday (Dec 2), endorsing President Lee Jae Myung’s sweeping plan to revive the economy …
South Korea court dismisses request to detain former finance minister in martial law probe, Yonhap says
A South Korean court rejected a request to detain former deputy prime minister and finance minister Choo Kyung-ho, Yonhap News Agency reported on Wednesday, as prosecutors sought his arrest as part of …
North Korean fingerprints on $30 million hack of South Korea’s largest cryptocurrency exchange, says Seoul
Regulators are investigating a 44.5 billion won ($30 million) hack at Upbit, Korea’s largest cryptocurrency exchange, and say early evidence points to Lazarus, the North Korean hacking unit blamed for …
Over 120,000 home cameras hacked in South Korea for ‘sexploitation’ footage
Four people have been arrested in South Korea for allegedly hacking more than 120,000 video cameras in homes and businesses and using the footage to make sexually exploitative materials for an …
US Commerce chief confirms South Korea’s 15% tariff rate retroactive to November 1
U.S. Commerce Secretary Howard Lutnick on Monday confirmed that the general tariff rate on imports from South Korea, including on autos, would drop to 15% retroactive to November 1 because South Korea …
Public confidence in South Korean economy hits highest level since 2017
By bno – Busan Office South Korea’s consumer sentiment experienced a significant uplift in November, reflecting greater public optimism about the nation’s economic trajectory. This positive shift led …
South Korea’s inflation remains at 2.4% in November
Policymakers in South Korea are struggling to manage inflation because prices are not declining as quickly as they had hoped. The Ministry of Data and Statistics stated that inflation increased to 2.4 …
South Korean ambassador says Georgia ICE raid won’t negatively affect relationship with U.S.
ATLANTA — The South Korean Ambassador to the United States described the ICE raid at a Hyundai electric vehicle plant in Georgia as a “shock” to her nation, but emphasized that it has not damaged relations between South Korea, the U.S., and the state of Georgia.