Digital transactions in Korea hit record levels in 2024
Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions....
Tag : South Korea
Semiconductor demand drives South Korea’s ICT exports to record high
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...
South Korea unveils visa to attract high-tech foreign workers
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...
South Korea reinstates Japan on export white list to boost economic ties
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...
South Korea opposes North Korean satellite acquisitions
The South Korean government banned dozens of materials used by North Korea in satellite development from being exported via a third country. The move is...
External debt of South Korea rises to $32 billion
Government data showed Wednesday that South Korea’s external debt increased by $32.1 billion from a year earlier. According to the Bank of Korea (BOK) and...
South Korea will release its overarching defense strategy
The South Korean defense ministry said Tuesday it is seeking to release an overarching national defense strategy next month to chart a mid- and long-term...
New COVID-19 infections rebound to over 15,000 in South Korea
Following the extended weekend, the number of COVID-19 cases in South Korea rebounded to over 15,000, though daily infections have been decreasing. According to Yonhap,...
First bilateral talks between South Korea and Japan since 2019
A one-on-one meeting between South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida took place on Wednesday, in which both leaders agreed to...
Meeting with North Korea on family reunions is being proposed by South Korea
Despite long-strained ties between the rivals over the North’s nuclear weapons program, South Korea’s new government proposed a meeting with North Korea on Thursday to...