By Heejin Kim SEOUL, Sept 8 (Reuters) – South Korea’s demand for power in the coming years is set to surge on plans by chipmakers Samsung Electronics and SK Hynix to expand production and the building …
South Korea exports surpass full-year record, hit $709.4 billion YTD
SEOUL, Sept 5 (Reuters) – South Korea’s exports have reached $709.4 billion so far this year, surpassing last year’s annual record, the customs office said on Saturday, as the economy rides high on …
South Korea reviewing military options for Hormuz, no decision made, official says
By Heejin Kim and Kyu-seok Shim SEOUL, Sept 4 (Reuters) – South Korea is reviewing options, including military measures, to support freedom of navigation in the Strait of Hormuz, the presidential …
South Korea prepares Hormuz military deployment, media reports say
SEOUL, Sept 4 (Reuters) – South Korea is preparing to deploy military assets to support freedom of navigation in the Strait of Hormuz and aims to dispatch them before the end of the year, media …
South Korea eases property tax plan as Seoul owners weigh sales
Seoul homeowners are reassessing sales after South Korea softened a property-tax proposal, while price gains spread to less costly districts.
South Korean finance minister nominee vows to advance AI projects
SEOUL, Sept 2 (Reuters) – South Korea’s finance minister nominee vowed on Wednesday to quickly proceed with “mega projects” for AI investments and actively utilise policy capacity from a global chip …
South Korea drops planned property tax hike for non-resident homeowners
The government of South Korea has momentarily stepped back from its intention to impose stricter property tax rules aimed at wealthy property owners and investors. Following significant public outcry, …
Chey Tae-won proposes $6 trillion South Korea-Japan economic bloc
Chey Tae-won proposed a $6 trillion South Korea-Japan economic partnership focused on AI, supply chains, energy and other advanced industries.
South Korea backs Trump bid to revive North Korea talks, seeks nuclear progress
By Heejin Kim SEOUL, Aug 28 (Reuters) – South Korea supports U.S. President Donald Trump’s efforts to resume dialogue with North Korea, but aims to ensure its security posture is not weakened and that Seoul is not sidelined,
South Korea names veteran technocrat Lee Hyoung-il as new finance chief in cabinet reshuffle
SEOUL, Aug 30 (Reuters) – South Korea unveiled a major cabinet reshuffle on Sunday, naming First Vice Finance Minister Lee Hyoung-il as the new deputy prime minister and minister of economy and …