War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.
The government plans to provide 360 trillion won ($247.74 billion) worth of policy financing to exporting companies through state-run banks and institutions this year, according to a statement release
South Korea's acting President Choi Sang-mok said on Friday the government will make an all-out effort to stabilise the economy and will monitor financial markets around the clock to act if needed.
South Korea’s impeached president, Yoon Suk Yeol was formally arrested early on Sunday, days after being apprehended at his presidential compound in Seoul.
The high dollar and expensive U.S. stocks offer a chance to investors to buy cheap overseas assets as the risk of a bond market upset rises
South Korea experienced presidential impeachments and a tragic plane crash. But the Kospi index is now higher than it was a month ago.
Despite mounting woes leading to weak growth momentum, South Korea's central bank kept its benchmark interest rate frozen Thursday in the wake of the weak local currency and uncertainties stemming from the new Donald Trump administration.
The surprise decision came as South Korea's trade-dependent economy faces challenges from weakening export growth and a sluggish recovery in domestic demand, partly hindered by political turmoil following impeached President Yoon Suk Yeol's short-lived declaration of martial law in December.
A World Bank report last week highlighted that risks to the regional outlook remain tilted to the downside, primarily due to global policy shifts and trade policies in particular. It projected growth for East Asia and Pacific to decelerate to 4.6% in 2025 and to 4.1% in 2026, from 4.9% in 2024.
Asia’s fourth-largest economy is facing these problems as it navigates twin political shocks: Donald Trump’s re-election in the US and the fallout from South Korean President Yoon Suk Yeol’s failed attempt to impose martial law.
FRENCH private equity (PE) group Ardian has raised a record US$30 billion in the largest-ever secondary market fundraising globally. This is its ninth such fundraising since 1999, and is 57.9 per cent more than the US$19 billion it last raised in 2020,
The Indonesian rupiah stayed near six-month lows on Thursday, while the South Korean won snapped a three-day winning streak after both countries' central banks shocked investors by eschewing widely anticipated interest rate calls.