US and Asia allies push for new panel to monitor North Korea sanctions
By Hyonhee Shin SEOUL (Reuters) – The U.S., South Korea and Japan are pushing for a new multi-national panel of experts, possibly outside the U.N., to ensure sanctions enforcement against North Korea…
South Korea producer inflation slows to 27-month low in April
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The Producer Price…
South Korea cancels third launch of homegrown rocket due to technical problems
SEOUL (Reuters) -South Korea cancelled the third flight of its homegrown space rocket on Wednesday because of technical problems hours before a launch that was meant to mark a significant step in…
South Korea asks US to review China rule for chip subsidies
By Soo-hyang Choi SEOUL (Reuters) – South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such…
South Korea household credit shrinks at record pace in first quarter
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household…
Bank of Korea to hold rates until end of September, cut in Q4- Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic…
South Korea consumer sentiment hits 1-year high, inflation expectations weaken
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Consumer…
Abu Dhabi identifies $2 billion in investment opportunities in South Korea
SEOUL (Reuters) – Abu Dhabi organisations have identified about $2 billion of investment opportunities in South Korea after the two sides agreed to expand business ties in January, a joint statement said…
South Korea May 1-20 exports fall 16.1% on year
SEOUL (Reuters) – South Korean exports in the first 20 days of May fell 16.1% from a year earlier and imports dropped by 15.3%, customs agency data showed on Monday. The country’s…
Taiwan speaker hails Japan, South Korea and Philippines for ‘crescent of defense’
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The speaker of Taiwan’s parliament praised Japan, South Korea and the Philippines on Tuesday for helping to create a “crescent of defense” with…
South Korea think tank cuts 2023 growth forecast due to poor exports
SEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of 1.8%, saying a deeper and longer export…
South Korea to drop mandatory 7-day quarantine for COVID patients from June
By Hyonhee Shin SEOUL (Reuters) – South Korea on Thursday lowered its crisis level for COVID-19 and will from June no longer require infected people to quarantine for seven days, dropping one…
Coffee chain Tim Hortons to open stores in South Korea
NEW YORK (Reuters) – North American coffee shop chain Tim Hortons will enter the retail market in South Korea later this year, its parent company Restaurant Brands International said in a statement…
South Korea current account swings back to surplus in March
SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during…
US push for UN censure of North Korea appears to stall -diplomats
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Security Council negotiations on a U.S. push for the 15-member body to condemn North Korea’s intercontinental ballistic missile (ICBM) launches appear to have stalled after diplomats…
U.S. banking woes a major factor behind Bank of Korea rate freeze
SEOUL (Reuters) – Most of the South Korean central bank’s board members cited concerns about the U.S. banking sector’s health as a major factor to keep interest rates steady at their April…
South Korea, Indonesia central banks agree to promote local currency transactions
SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, such as…
Bank of Korea sees rapid pace of inflation easing for awhile
SEOUL (Reuters) – South Korea’s central bank said on Tuesday inflation would keep easing at a rapid pace through the middle of this year, although core inflation would ease at a slower…
South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global…
South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point
INCHEON, South Korea (Reuters) – South Korea’s finance minister said on Tuesday that the trilateral cooperation between South Korea, Japan and China has became more important as the global economy stands at…
North Korea blasts U.S.-South Korea summit deal for escalating tension
By Hyonhee Shin SEOUL (Reuters) – North Korea criticised a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of…
U.S. and South Korea agree to minimise chipmakers’ uncertainties on subsidy requirements -ministry
SEOUL (Reuters) – The U.S. secretary of commerce and her South Korean counterpart agreed to “minimise uncertainties” of chipmakers’ investments amid new U.S. semiconductor subsidies, Korea’s industry ministry said on Friday. Companies…
Norway sovereign wealth fund excludes Korea Gas, India’s GAIL over Myanmar link
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to the Myanmar military.…
South Korea exports set for longest falling streak in over three years- Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in April for a seventh consecutive month and their longest falling streak in more than three years, a Reuters survey showed…
U.S. and South Korea agreed to boost economic partnerships in chips, EVs, batteries
WASHINGTON (Reuters) – South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips, electric vehicles and batteries, said South Korean President Yoon Suk Yeol. (Reporting…
Bolton calls for redeploying tactical nuclear weapons in South Korea
By Hyonhee Shin SEOUL (Reuters) – The United States should redeploy tactical nuclear weapons in South Korea to send a clear message to North Korea and alleviate growing calls in the South…
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