Korea
South Korea sets aside record US$19 billion to fuel chipmaking
SOUTH Korea has unveiled a US$19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics and SK Hynix as they race to stay ahead...
South Korea extends rate pause, raises growth outlook
SOUTH Korea’s central bank kept its benchmark policy rate steady for an 11th straight meeting on Thursday as the economy showed no signs of slowing while inflation has begun...
South Korea holds rates, signals tight policy to stay over short term
South Korea’s central bank held interest rates at a 15-year high on Thursday (May 23), and struck a balanced policy tone while reiterating risks around inflationary pressures in the...
StanChart’s South Korea troubles deepen after exotic notes backfire
STANDARD Chartered stuck it out in South Korea’s hotly contested consumer banking market while its global rivals threw in the towel one by one. It’s now paying the price....
South Korea signs agreement with AliExpress, Temu on product safety
SOUTH Korea’s government signed an agreement on Monday (May 13) with the local units of Alibaba’s AliExpress and PDD Holdings’ Temu to promote product safety, the Korea Fair Trade...
South Korea plans US$7.3b programme to support chip industry
South Korea is preparing a programme to provide more than 10 trillion won (S$9.9 billion) to strengthen the country’s pivotal semiconductor industry, Finance Minister Choi Sang-mok said. Choi, in a...
South Korea plans 10 trillion won programme to support chip industry
South Korea is preparing a programme to provide more than 10 trillion won (S$9.9 billion) to strengthen the country’s pivotal semiconductor industry, Finance Minister Choi Sang-mok said. Choi, in a...
South Korea to slap fines on food suppliers for ‘shrinkflation’
SOUTH Korea’s antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of...
