South Korea launches $665.5 million industrial growth fund
South Korea US$665.5 million Industrial Growth Fund expands financing for manufacturing AI, R&D commercialization and regional industry growth....
Tag : South Korea
South Korea ICT exports hit $42.7 billion in April
South Korea ICT exports climbed to $42.7 billion in April as semiconductor demand drove a record annual gain and a wider trade surplus....
South Korea retail sales climb 5.6% in March
South Korea major retailers posted a 5.6% March sales gain, with online channels taking a bigger share of consumer spending in the country....
Mercedes-Benz unveils electric C-Class in Seoul
Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range....
RideFlux wins South Korea’s first paid freight permit
South Korea approved its first paid self-driving freight service, clearing RideFlux to launch autonomous parcel deliveries in June....
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 Middle East. The Ministry of Trade, Industry and Resources said...
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 meeting without a change, as policymakers weighed rising inflation pressure,...
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, according to provisional government data released on April 3. Food...
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 to ease currency-market strain, central bank data showed on Friday....
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 data showed on Thursday. On a monthly basis, the consumer...