korea

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IMF Projects South Korea’s Per Capita GDP to Fall to 37th Globally in 2024; Taiwan to Overtake with Strong Growth
Paul Lee 특파원 2025.10.21
[Alpha Biz= Paul Lee] SEOUL, Oct. 20 — South Korea’s per capita gross domestic product (GDP) is expected to fall three places from ...

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China Accused of Forcibly Repatriating at Least 406 North Korean Defectors Since 2023 — HRW
Kim Jisun 2025.10.20
[Alpha Biz= Kim Jisun] SEOUL, Oct. 19 — The Chinese government has forcibly repatriated at least 406 North Korean defectors to Nor ...

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South Korea’s National Security Advisor Says No Progress on U.S. Currency Swap Talks Amid Tariff Negotiations
Kim Jisun 2025.10.17
[Alpha Biz= Kim Jisun] SEOUL, Oct. 16 — South Korea’s National Security Advisor Wi Sung-rak said Tuesday that there has been “no p ...

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South Korea Issues Level 4 Travel Ban for Parts of Cambodia Amid Surge in Kidnapping and Job Scam Cases
Paul Lee 특파원 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — South Korea’s Ministry of Foreign Affairs announced that it will issue a Level 4 travel ale ...

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Unification Minister Chung Dong-young Hints at Possible U.S.-North Korea Summit During APEC
Kim Jisun 2025.10.15
[Alpha Biz= Kim Jisun] Seoul, October 14 — South Korea’s Unification Minister Chung Dong-young said on Monday that a U.S.–North Ko ...

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KRW 129 Billion in State Subsidies Misappropriated Over Three Years, Audit Finds
Kim Jisun 2025.10.14
[Alpha Biz= Kim Jisun] Seoul, October 13 — South Korea’s National Assembly revealed that KRW 129 billion (USD 94 million) in state ...

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Incheon Airport Workers End 10-Day Strike, Return to Work
Kim Jisun 2025.10.13
[Alpha Biz= Kim Jisun] Seoul, October 11 — Workers at Incheon International Airport have decided to end their 10-day strike and re ...

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Over 100 Financial Supervisory Service Staff Violated Stock Trading Rules in 5 Years — Only 4 Received Minor Disciplinary Action
Paul Lee 특파원 2025.10.13
[Alpha Biz= Paul Lee] Seoul, October 12 — A total of 113 employees at South Korea’s Financial Supervisory Service (FSS) were found ...

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Majority of Property Disclosure Violations in Korea Found at State Housing Agency LH
Kim Jisun 2025.10.10
[Alpha Biz= Kim Jisun] Seoul, October 9 — Employees of Korea Land and Housing Corporation (LH), already under public scrutiny for ...

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South Korea’s Environment Ministry Scraps Half of Planned New Dams, Citing Weak Climate Rationale
Paul Lee 특파원 2025.10.01
[Alpha Biz= Paul Lee] Seoul, September 30 – The Ministry of Environment has overturned the Yoon Suk-yeol administration’s plan to ...

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U.S. Tariff Policy Pressures Weigh on Korean Manufacturing Outlook for Q4
Kim Jisun 2025.09.29
[Alpha Biz= Kim Jisun] Seoul, September 28, 2025 – The business sentiment of Korean manufacturers has weakened sharply as the impa ...

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Prosecutors Raid Meritz Fire & Marine Over Insider Trading Allegations Against Former Executives
Paul Lee 특파원 2025.09.26
[Alpha Biz= Paul Lee] Seoul, September 25 – South Korean prosecutors launched a large-scale raid on the headquarters of Meritz Fir ...

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South Korea’s Government Restructuring Bill Heads to Vote; Financial Authority Reform Deferred
Kim Jisun 2025.09.26
[Alpha Biz= Kim Jisun] Seoul, September 25 – South Korea’s government restructuring bill, which includes the abolition of the Pros ...

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National Pension Service Refunds KRW 689.7 Billion in Lump-Sum Payments in H1 2025
Paul Lee 특파원 2025.09.25
[Alpha Biz= Paul Lee] Seoul, September 25, 2025 – The National Pension Service (NPS) paid out a total of KRW 689.7 billion in lump ...

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All Senior Executives of Korea’s Financial Supervisory Service Resign Amid Government Restructuring
Paul Lee 특파원 2025.09.24
[Alpha Biz= Paul Lee] Seoul, September 23, 2025 – Following similar moves at the Ministry of Economy and Finance (MOEF) and the Fi ...

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China Responds Cautiously to Kim Jong-un’s Rejection of Denuclearization, Urges Efforts to Ease Tensions on Korean Peninsula
Paul Lee 특파원 2025.09.23
[Alpha Biz= Paul Lee] Beijing/Seoul, September 22, 2025 – Following North Korean leader Kim Jong-un’s declaration that “denucleari ...

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South Korea’s Financial Services Commission Demands Resignation of Senior Executives Amid Government Reorganization
Kim Jisun 2025.09.22
[Alpha Biz= Kim Jisun] Seoul, September 20, 2025 – South Korea’s Financial Services Commission (FSC), which is slated for dissolut ...

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Financial Supervisory Service Employees Protest Over Reform Plan
Paul Lee 특파원 2025.09.19
[Alpha Biz= Paul Lee] SEOUL, September 18, 2025 – More than 1,000 employees of South Korea’s Financial Supervisory Service (FSS) t ...

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North Korea Signals Intent to Send Athletes to 2026 Asian Games in Japan
Paul Lee 특파원 2025.09.18
[Alpha Biz= Paul Lee] SEOUL, Sept. 17 — North Korea has expressed its intention to send a delegation to the 2026 Asian Games in Ai ...

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Presidential Office: Korea Will Not Sign Tariff Deal That Harms Corporate Interests
Kim Jisun 2025.09.17
[Alpha Biz= Kim Jisun] Seoul, September 16, 2025 — A senior official at the Presidential Office emphasized on the 16th that South ...