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The Spectator

Tag : South Korea

Business

South Korea central bank hits record annual profit

thespectator.co.in
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The...
Business

South Korea starts 2026 with 11.3 trillion won surplus

thespectator.co.in
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax leading the increase in receipts. Finance ministry data showed tax...
Business

Bank of Korea holds 2.5% rate and rolls out dot plot

thespectator.co.in
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of...
Technology

AI boom lifts South Korea ICT exports above 260 billion dollars in 2025

thespectator.co.in
MENA Newswire, SEOUL: South Korea’s exports of information and communication technology products rose more than 12 percent in 2025, underscoring the country’s central role in the global supply chain for artificial intelligence hardware and advanced digital components. Government data...
News

South Korea online sales hit record 16.75 billion in November

thespectator.co.in
MENA Newswire,  SEOUL: Online shopping sales in South Korea reached a record 24.15 trillion won (US$16.75 billion) in November, marking a 6.8 percent increase from the same period a year earlier, according to data released by the Ministry of...
Business

UAE and Korea strengthen cooperation in energy and advanced industry

thespectator.co.in
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber,...
Business

Semiconductor demand drives South Korea’s ICT exports to record high

thespectator.co.in
South Korea’s ICT exports surged for the 11th month, reaching $22.4 billion in September, driven by semiconductor sales and strong demand for AI technology. ICT trade surplus hit $9.88 billion....
News

South Korea unveils visa to attract high-tech foreign workers

thespectator.co.in
South Korea will introduce a "Top-Tier Visa" to attract foreign workers in high-tech sectors like AI and robotics, offering immigration benefits to support the country's innovation....
Business

South Korea reinstates Japan on export white list to boost economic ties

thespectator.co.in
South Korea has reinstated Japan on its “white list” of trusted trading partners, a significant step towards mending their bilateral economic and diplomatic ties. Three years ago, Japan was removed from the list, which grants...