South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt in part by the country's worst political crisis in decades, raising bets for more fiscal and monetary support to revive growth.
South Korea's economy expanded 1.2% year on year in the fourth quarter, its slowest expansion since the second quarter of 2023. The 1.2% reading missed analysts' expectations of 1.4% growth. On a quarter on quarter basis,
SOUTH Korea’s economy continued to sputter last quarter, after President Yoon Suk-yeol’s short-lived declaration of martial law battered consumer confidence at a time when export growth is slowing. Read more at The Business Times.
South Korea's acting president Choi Sang-mok said on Tuesday he hoped for bilateral relations with Washington to develop more reciprocally under the Trump administration, citing concerns about how U.S.
South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last month that killed almost everyone on board, sparking criticism that the design of the airport might have exacerbated the accident.
SEOUL (Reuters) - South Korea's defence ministry said on Tuesday the denuclearisation of North Korea must continue to be the goal necessary for lasting global peace, after reports that U.S. President Donald Trump had called Pyongyang "a nuclear power."
The South Korean government have said it will remove the concrete localizer structure that a Jeju Air Boeing 737-800 crashed into at Muan International Airport.
South Korea rebuked President Trump’s remarks calling North Korea a “nuclear power,” raising concern about the relationship between the two countries. “North Korea’s denuclearization remains a
Upbit and Bithumb, South Korea’s biggest crypto exchanges, to pay customers $2.4m in compensation for outages during Dec 3 martial law chaos.
Any user who downloaded the installer from IPany, a VPN provider in South Korea, may be at risk, according to antivirus company ESET.
Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.