South Korea food exports rise 4% in first quarter
SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit,...
Tag : South Korea
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
South Korea inflation hits 2.2% in March on oil surge
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official...
South Korea central bank hits record annual profit
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains...
South Korea starts 2026 with 11.3 trillion won surplus
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax...
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
AI boom lifts South Korea ICT exports above 260 billion dollars in 2025
MENA Newswire, SEOUL: South Korea’s exports of information and communication technology products rose more than 12 percent in 2025, underscoring the country’s central role in the global supply chain...
South Korea online sales hit record 16.75 billion in November
MENA Newswire, SEOUL: Online shopping sales in South Korea reached a record 24.15 trillion won (US$16.75 billion) in November, marking a 6.8 percent increase from the same period a...
Korea sees surge in electronic payments with record 2024 data
Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions....
Korea to invest $285M in advanced industrial technologies
South Korea will invest $285M in AI, cybersecurity, and energy tech by 2031, aiming to drive innovation and industrial growth, according to the Ministry of...