South Korea

South Korea to create commercially driven Temasek-style sovereign fund

The government envisions a vehicle capable of deploying capital into sectors with strong long-term potential

Seoul apartment prices rise 0.18% in the week ending Dec 8.

Seoul home prices extend rally as government mulls cooling steps

The persistent rally in property prices has kept the BOK’s board from resuming the monetary easing cycle in recent months

South Korean Oceans Minister Chun Jae-soo (centre) is accused of having received 30 million won (S$26,515) and two luxury watches from the Unification Church between 2018 to 2020.

South Korea minister resigns over alleged Unification Church funds

A SOUTH Korean minister announced his resignation on Thursday after being accused of receiving illegal funds from the Unification Church, a cult-like movement linked to widespread influence-peddling.

Coupang CEO Park Dae-jun is the highest-profile casualty of an ongoing crisis that prompted a probe and disrupted millions in South Korea.

Coupang CEO resigns over historic South Korean data breach

The company faces a potential fine of up to one trillion won

The company suffered a massive data leak this year and was forced to alert customers that their names, email addresses, phone numbers, shipping addresses and some order histories had been exposed.

South Korea police raid e-commerce giant Coupang over data leak

Personal information of 33.7 million customers had been leaked – almost two-thirds of the population

On the back of government support, South Korea's medical tourism industry – especially for dermatological treatments and plastic surgery – is thriving.

Kim Kardashian is hot on Korean beauty concierges, so are Singaporeans

Such services are booming in South Korea’s lucrative medical aesthetics tourism industry

SoftBank’s chief executive officer Masayoshi Son (left), who met with South Korean President Lee Jae Myung on Friday, said that the demand for chips will rise dramatically as AI advances.

SoftBank’s Arm plans to set up chip training facility in South Korea

It will train about 1,400 high-level chip design specialists to bolster the relatively weak system-semiconductor and fabless segments

Rising housing costs and the decline of the traditional system are pushing younger South Koreans to other investment areas.

Young South Koreans dump homeowner dreams to pile into soaring stocks

Housing costs in the capital Seoul have outpaced even hot markets such as New York and Tokyo while affordability has tightened

South Korea’s LG Energy Solution has reportedly developed a lithium-manganese rich battery.
THINKING ALOUD

The battle for next-gen EV batteries takes off

Chinese tech still dominates, but could new innovation from South Korea and Europe catch up?

Lawmakers of the ruling and opposition parties pass the government's 2026 budget of 727.9 trillion won that calls for more spending to prop up the economy and on national defence during a plenary session at the National Assembly in Seoul

South Korea parliament clears 2026 budget to power AI-led growth

[SEOUL] South Korea’s parliament approved a 727.9 trillion won (S$642.4 billion) budget for next year on Tuesday (Dec 2), endorsing President Lee Jae-myung’s sweeping plan to revive the economy throug...