Tag: korea
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South Korea starts 24-hour trading of dollar-won
SEOUL, July 6 : South Korea launched its historic 24-hour onshore spot dollar-won trading system on Monday as part of efforts to broaden currency convertibility as it aims to win an upgrade to developed market status on the MSCI global index. The onshore market opened at 6 a.m. on Monday (21:00 GMT Sunday) an
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South Korea plans future fund fueled by chip boom
South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.
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Son apologises after South Korea’s early World Cup exit, urges fans to support team
VANCOUVER, June 29 : South Korea captain Son Heung-min apologised to fans on Monday after the team’s group-stage exit from the World Cup and urged them to support the players rather than criticise them following the campaign.The apology came a day after Hong Myung-bo resigned as South Korea coach. Results on
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South Korea exports set to grow at strongest pace in nearly 5 decades: Reuters poll
SEOUL, June 29 : South Korean exports likely posted their strongest annual growth in nearly five decades in June, as semiconductor shipments broke fresh records in the wake of a boom in global AI investment, a Reuters poll showed on Monday. Exports from Asia’s fourth-largest economy, a bellwether for global t
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World Cup 2026: South Korea football coach quits as President Lee calls for probe
South Korea was eliminated after missing out on a spot among the eight best third-placed teams.
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Hong quits as South Korea boss after World Cup exit
June 28 : Hong Myung-bo resigned as head coach of South Korea on Sunday following the country’s group-stage exit from the World Cup.Hong made the announcement at the team’s training camp in Guadalajara after results on Saturday meant the Koreans would not advance to the last 32 as one of the eight third-place
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Why North Korean leader Kim Jong Un never talks about his mother, Ko Yong Hui
Very few North Koreans know about her, as her origin could threaten the regime’s legitimacy.
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North Korea: Kim Jong Un oversees ballistic missile tests
Pyongyang tested “major weapons” as North Korea’s leader called for greater strike capabilities along the border with South Korea.
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Always-on won: Korean dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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South Korea to lower fuel price caps, finance minister says
SEOUL, June 26 : South Korea will lower its cap on fuel prices as part of efforts to curb inflation pressure, the finance minister said on Friday. “We kept the sixth fuel cap price unchanged this week due to uncertainty of the Middle East situation, but the seventh cap will be lower than the current…
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