South Korea

South Korea’s inflation accelerates on higher oil price impact

Policymakers have kept the benchmark rate at 2.5% since July last year

Eugene Lee, chief marketing officer of Chagee (Asia-Pacific), says that even though tea is the world's second-most consumed beverage, it has not experienced “the same lifestyle elevation or premiumisation” that coffee has.

‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027

Localisation and securing prime store locations are key priorities as the brand expands in the region, says its Apac CMO

Seoul has proposed new measures aimed at supporting and accelerating the development of high-tech industries, particularly those in which South Korea already has a competitive edge.

South Korea’s precarious balancing act

The country has to find a way forward in the face of a rising China and an increasingly unpredictable US under Trump

The surge in South Korean stocks underscores the global pivot toward companies linked to artificial intelligence.

South Korea surpasses UK to become world’s 8th largest stock market

SOUTH KOREA has leapfrogged the UK to become the world’s eighth-biggest stock market, fuelled by a high-octane rally in its artificial intelligence-linked technology champions. 

Asia has cemented its central place in the world’s economy as AI develops and spreads, even amid concerns over the impact of tariffs and the Iran war.

AI chip surge elevates Taiwan, South Korea in global equity rankings

The tech-heavy Asian markets have shot past Germany and France in the past seven months

Honda is struggling with shrinking sales in key Asian markets as it faces growing competition from rivals, including South Korean and Chinese brands.

Honda to halt South Korea car sales, highlighting strain across Asian markets

It cited changes in the environment surrounding the global and South Korean automobile markets

A weaker won has amplified those pressures, raising concerns that inflation could accelerate in the coming months.

South Korea economic growth tops all estimates on AI-fuelled export boom

Risks to the outlook remain for the economy, which has seen choppy momentum over recent quarters

South Korea’s export engine remains intact for now, even as external risks intensify.

South Korea’s early trade data show export momentum still strong

The Asian nation’s import prices have jumped about 16% in March

Shin takes office at a time of heightened global volatility, as geopolitical tensions, shifting trade dynamics and rapid technological change reshape the economic landscape.

Bank of Korea’s new chief signals flexible policy amid oil risks

Shin Hyun-song also highlights a longer-term need to reassess the role of the central bank

North Korea test fired strategic cruise missiles and anti-warship missiles from a destroyer on Apr 12

North Korea fires ballistic missiles again, flexing muscle amid Iran war

The missiles are believed to have fallen near the east coast of the Korean Peninsula