rate decision

South Korea is embroiled in a heated debate on a program to recruit domestic helpers from Southeast Asia at lower rates than those paid to their Kor...

South Korea in the first quarter posted a total fertility rate (TFR) of 0.81, the lowest in history for that quarter. Because the number of bir...

The Bank of Korea’s (BOK) decision on Thursday to keep its base rate steady at 3.50% does not signal the end of its one-and-a-half-year tighte...

SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...

South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...

South Korea’s SK Group and Hana Financial Group are jointly developing a next-generation credit rating model for the financially disadvantaged...

The Seoul Metropolitan Government will change the definition of multi-child families from those with three or more kids younger than 13 to household...

The South Korean won is underperforming most other currencies as Asia’s fourth-largest economy is gradually losing steam for long-term growth....

South Korean entrepreneurs are imposed heavy inheritance taxes of up to 60% to hand down wealth to their children, the highest level among Organizat...

Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea...

South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...

The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...

South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...

South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...

South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...

Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...

Hankook Tire & Technology Co., South Korea’s largest tire maker, will cut its workforce at the fire-hit production complex in Daejeon thro...

South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...

South Korea’s Supreme Court on Thursday reaffirmed the country’s largest-ever penalty of 1.03 trillion won ($800 million) imposed on Qua...

South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...

HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...

LB Investment Inc., a venture capital firm associated with the LG founder's family, has achieved a remarkable competition rate of over 1,000 to 1 fo...

South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...

South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...

Samsung Electronics Co.'s Neo QLED was recently awarded "Best Gaming TV" by Consumer Reports, a leading American consumer magazine. The magazine tes...

South Korea's semiconductor foundry company DB HiTek Co. last month saw its capacity utilization rate rise to the mid-80% level thanks to rising dem...

HD Hyundai Co., the owner of South Korea’s biggest shipbuilding group, opened an in-house daycare center at its new headquarters building in K...

Kumho Petrochemical Co. announced on Wednesday that it had received a "BB rating" in the environmental, social and governance (ESG) evaluation by Mo...