The interest costs the South Korean government must pay on borrowed funds are projected to nearly reach 10% of national tax revenue in four years. Concerns are growing that fiscal health is …
Japan, US, S.Korea FMs express concern over N.Korea-Russia military ties
Foreign ministers of Japan, the United States and South Korea have issued a joint statement expressing serious concern over North Korea’s increasing military cooperation with Russia.
Trump’s $350 Billion Investment Demand Could Trigger 1997-Style Financial Crisis, Says South Korea’s President
South Korean President Lee Jae Myung said that President Donald Trump’s demands for a $350 billion investment in the U.S. could trigger a 1997-style Asian financial meltdown, without the necessary …
Trump’s $350 Billion Investment Demand Could Trigger 1997-Style Financial Crisis, Says South Korea’s President
South Korean President Lee Jae Myung said that President Donald Trump’s demands for a $350 billion investment in the U.S. could trigger a 1997-style Asian financial meltdown, without the necessary …
Exclusive: South Korea Mandates September Tax Revenue Re-Estimations
In recent years, tax revenue discrepancies amounting to tens of trillions of Korean won have occurred, prompting the government to legally mandate annual tax revenue re-estimations every September.
China Boosts Naval Presence Against US Alliance
The persistent presence of the Chinese navy near South Korea, which hosts 28,500 U.S. troops tasked with deterring North Korean attacks, comes as the U.S. has expanded the mission of its forces on the …
Top Crypto To Buy As South Korea Aims To Recognize Crypto Firms As Venture Companies
South Korea is preparing to lift a long-standing restriction that has prevented crypto firms from being recognized as …
Finance dept says no South Korean loan meant for Philippine bridges
The DOF said the Philippines does not have a loan from South Korea meant to fund bridges. This was after South Korea’s President allegedly suspended the loan amid corruption concerns.
Philippines stopped seeking South Korean funding for bridge project in 2024 — officials
There was never any active loan agreement from South Korea to fund a multi-billion-peso bridge project in the Philippines, according to two departments, which say the Philippines had only agreed to …
South Korea scraps proposed Philippine loan; DoF denies existence of loan
The Department of Finance (DoF) on Wednesday categorically denied the existence of a P28-billion loan from South Korea to fund hundreds of bridges in the Philippines. The DoF issued the statement …