South Korea's foreign reserves fall to five-year low

South Korea's foreign exchange reserves fell by nearly $5 billion in April, slipping to their lowest level in five years, the Bank of Korea said on Thursday. The central bank said reserves stood at $404.67 billion at the end of April, down $4.99 …

South Korea: Is Lee Jae-myung set for presidency?

The Seoul High Court this week postponed the trial of Lee Jae-myung, the opposition Democratic Party's presidential candidate, until after the June 3 election. The court's decision on Wednesday is the latest twist in a political drama that has …

South Korea's Foreign Reserves Reach Lowest Level in 5 Years in April

Last month, South Korea’s foreign exchange reserves dropped by nearly $5 billion compared to the previous month, reaching their lowest level in five years. The decline is attributed to the expansion of foreign exchange swap transactions with the National …

South Korea says North fired missiles at its eastern waters

South Korean and US intelligence detected the preparations in advance and tracked the missiles after launch A missile test carried out by North Korea in 2024. File pic/AFP North Korea on Thursday fired various types of short-range ballistic missiles …

Lutnick warns no ‘fast deals’ for Japan and South Korea

US commerce chief warns South Korea, Japan deals more complicated than Britain agreement

US Commerce Secretary Howard Lutnick was hopeful that initial deals could serve as templates for their respective regions.PHOTO: REUTERS WASHINGTON – Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take …

Royal reality show: How Kim Jong Un is using his family to captivate N. Korea’s youth

North Korea is making an unusual media move by including family members and children of high-ranking officials at “Kim Jong Un’s priority events” and deliberately showcasing them on state media. Korean Central Television repeatedly zoomed in on Kim Jong Un …

South Korea Has $9.14 Billion Current Account Surplus

South Korea posted a current account surplus of $9.14 billion in March, the Bank of Korea said on Friday - up from $7.18 billion in February. The goods account recorded an $8.49 billion surplus as exports increased an annual 2.2 percent to $59.31 billion …

Work takes centre stage for South Korea’s younger workforce, new report finds

For South Koreans in their 20s to 40s, work is not just a necessity—it is the defining priority of life, far outweighing children, marriage, or even personal fulfilment, according to a newly released government-commissioned report. The study, published by …

Tariff support for health IT launched in South Korea following Trump's tariff and more briefs

Korean government launches tariff support for medtech companies The South Korean Ministry of Health and Welfare and the Korea Health Industry Development Institute have launched a tariff support centre to help medical device companies navigate recent trade …