South Korea launches $665.5 million industrial growth fund
South Korea has launched a 1.115 trillion won, or about US$665.5 million, Industrial Growth Fund to expand financing for manufacturing innovation, artificial intelligence adoption and...
Tag : South Korea
South Korea ICT exports hit $42.7 billion in April
South Korea’s information and communication technology exports rose 125.9% from a year earlier to $42.71 billion in April, extending a semiconductor-led surge and marking the...
South Korea retail sales climb 5.6% in March
SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based...
Mercedes-Benz unveils electric C-Class in Seoul
SEOUL: Mercedes-Benz on Monday unveiled the all-new electric C-Class at a world premiere in Seoul, introducing the first battery-electric version of one of its best-known sedan nameplates...
RideFlux wins South Korea’s first paid freight permit
SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul...
South Korea auto exports rise on March hybrid demand
SEJONG: South Korea’s automobile exports rose in March as strong global demand for hybrid vehicles lifted overseas shipments despite weaker sales in parts of Asia and the...
Bank of Korea keeps rate at 2.5% for seventh hold
SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy...
South Korea food exports rise 4% in first quarter
SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit,...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
South Korea inflation hits 2.2% in March on oil surge
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official...