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According to the Bank of Korea, Korea's foreign exchange reserve at the end of July reached a record amount of $458.7 billion, up 1 percent, or $4.6 billion, on month.
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Invoking King Sejong the Great’s centuries-old vision of justice, Supreme Court Chief Justice Jo Hee-de on Monday warned that the law must remain a shield for the people, not a tool of political power.
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Foreign currency deposits in Korea increased for the second consecutive month in June, driven by corporate transaction payments and the temporary placement of overseas investment funds by companies, BOK data revealed.
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One message must be clear: do not let domestic political calculations lead to strategic missteps. Difficult concessions may be unavoidable, but decisions should be made in the interest of the broader national economy.
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Opening sensitive markets is always painful, but clinging to protectionist stances does not offer a sustainable solution.
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The number of manufacturing workers enrolled in employment insurance fell for the second straight month in July, while construction sector enrollment dropped for the 24th consecutive month — the longest decline on record.
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Coupang's turmoil, triggered by a massive data leak, has now become a full-blown regulatory risk, as the New York-listed e-commerce giant faces nearly 10 ongoing investigations.
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Stocks finished nearly 1 percent up Thursday as hopes for a possible U.S. rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the dollar.
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Korean stocks opened higher on Wednesday amid renewed concerns over a trade war between the United States and China.
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Tesla CEO Elon Musk is directly appealing to Korean semiconductor engineers to join his company as he moves to build his own large-scale chip production hub in order to secure a stable supply of AI processors.
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As companies automate and invest more in machines than in workers, stable full-time positions at large manufacturers are shrinking, making it harder for young people to enter the labor market.
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Korea's foreign reserves rose for the third consecutive month in August, led by the increased value of non-U.S. dollar assets and increased investment returns, the central bank said Tuesday.
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As we celebrate Hangul Day on Oct. 9, I cherish the wise king whose many accomplishments have been overshadowed by his invention of the great Korean alphabet in 1446.
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Korea’s push for an unlimited currency swap with the United States is likely to face significant hurdles, given the limited incentive for Washington to agree to the deal.
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U.S. Treasury Secretary Scott Bessent said that the recent depreciation of Korea's won is not in line with its strong economic fundamentals in a ministerial meeting with Seoul’s Finance Minister Koo Yun-cheol in Washington this week.
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Finance Minister Koo Yun-cheol is likely to meet with Treasury Secretary Scott Bessent this Thursday to reach a tariff deal just before the hefty reciprocal duties take effect on Aug. 1, according to sources Sunday.
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The number of employees in Korea's manufacturing sector in the last three months dropped at the fastest pace in 11 quarters amid a protracted economic slowdown, government data showed Sunday.
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China was linked to more than half of Korea's technology leaks involving foreign countries in 2025, with semiconductor and battery technologies particularly targeted.
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After being undercut by lower-cost Chinese rivals in the EV market, Korea’s leading battery makers have recently gained a much-needed jump from the burgeoning humanoid robot sector.
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After the governing People Power Party (PPP) proposed to scrap the financial investment income tax, the majority Democratic Party (DP) vehemently opposed the idea.