Korea

Hyundai pledges record US.8b investment in South Korea
Hyundai pledges record US$85.8b investment in South Korea
Hyundai called it “the company’s largest-ever domestic investment commitment”[SEOUL] South Korean auto giant Hyundai Motor Group pledged on Monday (Nov 17) an unprecedented US$85.8 billion investment in the country...
South Korea wealth fund to boost bets on AI startups, eyes China tech
South Korea wealth fund to boost bets on AI startups, eyes China tech
[SEOUL] South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader push to deepen exposure to artificial...
Bank of Korea halts digital currency project, pausing talks with banks
Bank of Korea halts digital currency project, pausing talks with banks
Published Mon, Jun 30, 2025 · 10:50 AM[SEOUL] South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions related to the...
Bank of Korea overhauls repo framework amid changing liquidity conditions
Bank of Korea overhauls repo framework amid changing liquidity conditions
[SEOUL] The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage liquidity, stabilise short-term rates, and respond during periods...
Bank of Korea warns of housing, debt risks as easing continues
Bank of Korea warns of housing, debt risks as easing continues
[SEOUL] Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose risks to financial stability, threatening a financial system that...
Alibaba Cloud to start second data centre in South Korea by June
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud providerPublished Thu, Jun 19, 2025 · 10:47 AM[SEOUL] Alibaba Group Holding will open a...
Thai baht, Taiwan dollar, and Korea won most at risk from oil price, Barclays says
Thai baht, Taiwan dollar, and Korea won most at risk from oil price, Barclays says
Sovereign bonds from Singapore and South Korea would be among the most affected in the event of another 20% spike in oil pricesPublished Tue, Jun 17, 2025 · 05:36...
Thai baht, Taiwan dollar, and Korea won most at risk from oil price, Barclays says
Thai baht, Taiwan dollar, Korea won most at risk from oil price, Barclays says
Sovereign bonds from Singapore and South Korea would be among the most affected in the event of another 20% spike in oil pricesPublished Tue, Jun 17, 2025 · 05:36...
South Korea to minimise impact of 50% tariff on steel products, ministry says
South Korea to minimise impact of 50% tariff on steel products, ministry says
The country is the fourth-biggest exporter of steel to the United States, behind Canada, Mexico and Brazil last year, according to American Iron and Steel Institute dataPublished Mon, Jun...
South Korea central bank cuts rate, slashes 2025 growth forecast
South Korea central bank cuts rate, slashes 2025 growth forecast
Published Thu, May 29, 2025 · 10:17 AM[SEOUL] South Korea’s central bank cut interest rates on Thursday in a bid to cushion the export-dependent economy from US President Donald...