South Korea

The reforms underscore the government’s desire for currency internationalisation

SK Hynix and Samsung Electronics play a pivotal role in memory chip supply

Growing numbers of young people no longer believe in the old social bargain

It says the economic growth rate for South Korea is expected to ‘considerably exceed’ the bank’s May forecast of 2.6%

It projected 3% economic growth for this year, the strongest since 2021

Samsung’s lavish bonus for its AI division risks alienating other employees

The spending plan is to be financed through higher tax receipts and expenditure cuts

To tackle the nation’s low birth rate, The Korean Buddhist Foundation for Social Welfare launched its blind date programme in 2023

South Korea hopes to double its memory-chip production capacity within five years