The IMF approved South Korea's combined fiscal and monetary policy strategy, including a new Future Response Fund. This targets policymakers and investors watching Korea's economic stability measures. The endorsement signals confidence in the government's approach to managing growth and resilience.
Advanced chipmaking equipment supplier ASML said its planned 30% capacity increases in 2027 and 2028 may fall short of demand, complicating Korea's semiconductor expansion strategy. This affects Samsung, SK Hynix and their plans to build production clusters. Korea's chip industry depends on importin
South Korea and the United States held their first 2+2 dialogue involving finance ministers and central bank governors in Bangkok on Oct. 17. The meeting covers macroeconomic coordination, currency stability, and capital flows affecting both economies. This signals deeper alignment on managing regio
South Korea's government reported continued economic recovery driven by strong semiconductor exports and rising investment levels. The Ministry of Finance and Economy's monthly assessment signals sustained momentum across key sectors.
Camera module maker Cammsys will cancel treasury shares worth 1.5 billion won on book value but only 150 million won at Oct 12 market price, as part of capital restructuring. This affects shareholders and the company's balance sheet as valuations fell sharply.
U.S. consumer prices grew 3.7% in September, slightly above economist expectations. This matters to Korea because a stronger U.S. inflation backdrop affects the Bank of Korea's rate decisions and the won-dollar exchange rate, which in turn influences Korean exporters' competitiveness and domestic in
LS Electric signed a contract worth 185.3 billion won ($138.46 million) to supply power distribution equipment and transformers to a U.S. data center operator, with deliveries over 18 months starting October 2024. The deal is a major export win for South Korea's industrial equipment sector.
Image: ETNEWS (original article) South Korea’s Kakao is rolling out won-denominated stablecoin payments across its major consumer apps and expanding AI-generated content, as the tech …
LS Materials signed a 69 billion won ($51.5M) contract to supply ultracapacitors for AI data centers to a U.S. hydrogen fuel cell company, announced Oct. 13. This represents about 2.4× the company's standalone revenue. South Korean semiconductor equipment suppliers are expanding U.S. market presence
South Korea's Supreme Court upheld a lower court ruling favoring Google Korea in a tax dispute worth 154 billion won (~$115M), dismissing the tax authority's appeal. The case involved disagreements over tax obligations on the company's Korean operations. This resolves a years-long legal battle betwe