Monetary Policy Committee

South Korea is set to complete the process for a stock market stabilization fund of 10 trillion won ($7 billion) by the middle of this month, to be ...

The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...

South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...

South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...

SK Discovery Co., an intermediate holding company of South Korea’s third-largest conglomerate SK Group, will take charge of the entire biotech...

South Korea’s Kakao Corp. has voluntarily removed an external payment link from the country’s largest messaging app KakaoTalk in complia...

Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

Meta Platforms Inc., formerly known as Facebook, and Seoul National University (SNU) jointly launched an extended reality (XR) research center in So...

The Ministry of SMEs and Startups announced Wednesday it has selected 60 promising startups to which it will provide financial assistance and expert...

SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...

South Korea’s travel and airline stocks are expected to shine as Japan plans to ease its border controls in June. Korea’s Shinhan Inve...

President-elect Yoon Suk-yeol’s transition team announced Thursday it is considering a joint public-private committee that will be in charge o...

South Korea’s incoming government will scrap the country’s ambitious goals of expanding renewable energy sources to 70% of the electrici...

South Korea’s automakers were on high alert as President-elect Yoon Suk-yeol pledged to ban new registrations of internal combustion engine ca...

A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...

WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate ...

South Korean companies are ramping up their local bond issuances to finance expansion into low-carbon and contactless platform businesses, with stro...

South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...

POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...

Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...

Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...

Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...

South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...

WASHINGTON D.C. – South Korea’s major business conglomerates are heading to Washington D.C. to run offices handling regulatory and gover...

South Korean steel giant POSCO has hired Stephen Biegun, former US deputy secretary of state, as its adviser for its American business.POSCO America...

South Korea’s Hyosung Group is looking to the US market for growth as the textile and chemicals conglomerate is expanding facilities in Americ...

The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...

South Korea’s household debt was estimated to have exceeded $1.5 trillion to reach a record high last month, and tighter monetary policies at ...

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...