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    South Korea proposes to spend $94.6 billion on green projects

    14 Jul 2020

    South Korea outlined a plan on Tuesday to spend 114.1 trillion won ($94.6 billion) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.

    South Korea central bank keeps benchmark policy rate on hold

    16 Jul 2020

    South Korea’s central bank (CB) kept its benchmark policy rate on hold on Thursday, avoiding the risk of fuelling runaway property prices amid government efforts to tamp down on demand in the sector.

    South Korea doubles economic rescue package to $80 billion

    24 Mar 2020

    South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.

    South Korea’s central bank cuts GDP target, hints at more stimulus

    27 Aug 2020

    South Korea’s central bank (CB) kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to support an economy hard hit by the coronavirus pandemic.

    Bangladeshi man crafts 2.2-mile-long South Korean flag to show love for country — and its football team

    22 Nov 2022

    The banner cost him a tidy sum of $5,000. It extended from his home, through nearby streets, over a river and into a neighbouring village. But he does not mind it at all.

    World’s first 5G phone released in South Korea

    05 Apr 2019

    Samsung Electronics on Friday released the Galaxy S10 5G, the world’s first available smartphone with built-in fifth-generation communications technology, as South Korea seeks to build a lead in the transformative system.

    Potential US auto tariffs would hurt Germany, Japan and Korea

    11 Apr 2019

    Ratings firm Moody’s said on Tuesday that potential auto tariffs by the United States would be a risk to global growth, hindering economic momentum in Germany, Japan and Korea.

    South Korean, US telcos roll out 5G services early as race heats up

    04 Apr 2019

    South Korea’s three mobile carriers and top US telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their initial schedules

    Energy on the agenda when Saudi crown prince visits South Korea this week

    24 Jun 2019

    Saudi Crown Prince Mohammed Bin Salman plans to visit South Korea this week as the two countries seek to bolster economic ties, officials in Seoul said on Monday.

    South Korea may exports fall for sixth month, worse than expected

    01 Jun 2019

    South Korea’s exports in May fell more than expected and for a sixth consecutive month from a year earlier, official data showed on Saturday, as expanding trade friction between the major economies darkened the prospects.

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