Browsing: Seoul

SEOUL: South Korea posted its largest monthly current account surplus on record in February, as a sharp rise in semiconductor shipments and other technology exports drove a steep increase in the goods balance. Bank of Korea data showed the current

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 to ease currency-market strain, central bank data showed on Friday. Official reserves stood

SEOUL: Asian stock markets fell on Friday, with South Korea’s Kospi leading early losses, as investors weighed another extension in U.S.-Iran diplomacy against continued disruption to energy flows and a sharp overnight selloff on Wall Street. The broader MSCI index

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 leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9

SEOUL: South Korea’s economy expanded 1.0% in 2025, its slowest annual growth since 2020, as weakening investment offset gains in exports and household spending, central bank data showed. The Bank of Korea said real gross domestic product fell 0.2% in

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 economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary

MENA Newswire, OTTAWA: Canada and South Korea signed a new memorandum of understanding on industrial collaboration that places the automotive sector, electric vehicles and batteries at the center of a broadened bilateral agenda, with both governments saying the deal is

SEOUL, 23 October 2025: The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2.50 percent on Thursday, maintaining a cautious stance amid persistent concerns over housing prices, a weakening national currency, and moderate inflation pressures. The decision