Sam Kim

Bank of Korea Governor Rhee Chang-yong sought to rein in market moves based on assumptions of a near-term policy pivot as the board extended its record-long holding of interest rates.

By: Sam Kim, Founder & CEO, Design Fever39 The hospitality design and planning consultancy market in Singapore is on the cusp of a significant revival.

The outlook among South Koreans for home prices rose to the highest level since late 2021, exacerbating concerns for the Bank of Korea as it seeks to avoid causing inflation in real estate prices through a policy pivot signal.

South Korean prosecutors in July questioned first lady Kim Keon Hee over a designer bag she was suspected of accepting as a gift. The meeting lasted for about 12 hours, according to Yonhap News agency, and put the spotlight back on a case that has dented support for President Yoon Suk Yeol . The handbag encounter in late 2022 was captured on video and touched off a political firestorm when it came to light early this year, with Yoon's political opponents accusing Kim of corruption. At first, Yoon said the presentation of the Dior bag had been a “political maneuver.” He later apologized for the incident.

South Korea's economy flipped back into reverse last quarter after hotter-than-expected growth at the start of the year, adding to challenges for policymakers as they struggle to stimulate investment and consumption.

South Korea’s economy flipped back into reverse last quarter after hotter-than-expected growth at the start of the year, adding to challenges for policymakers as they struggle to stimulate investment and consumption.

South Korea announced a raft of proposed tax benefits, including a cut to one of the world’s heaviest inheritance levies and an extension of support for chipmakers, as it seeks to boost stocks and stimulate an economy under pressure from aging demographics and slowing consumption.

South Korean President Yoon Suk Yeol named an economist as a new senior secretary to boost the country's birthrate, which ranks as the lowest in the world and threatens long-term economic prospects.

North Korea 's economy roared back to life as arms transfers with Russia provided support for Kim Jong Un 's regime, allowing the leader to shun diplomacy as he ramped up his threats against the US and South Korea.

North Korea’s economy roared back to life as arms transfers with Russia provided support for Kim Jong Un’s regime, allowing the leader to shun diplomacy as he ramped up his threats against the US and South Korea.