1+ hour, 14+ min ago   (624+ words) Aug. 4 (Asia Today) -- South Korean automakers are warning that electric vehicles face a double setback under the government's latest tax reform plan as Chinese brands intensify their push into the domestic market. Electric vehicles were excluded from a new domestic…...

2+ hour, 34+ min ago   (362+ words) Aug. 4 (Asia Today) -- South Korea's consumer inflation slowed to 2.8% in July, returning to the 2% range after three months as lower global oil prices and a government fuel price cap curbed increases in petroleum prices. Underlying inflation, however, accelerated to its…...

13+ hour, 15+ min ago   (273+ words) SEOUL, Aug. 4 (UPI) -- South Korea's Daewoo Engineering & Construction, or Daewoo E&C, said Tuesday its second-quarter operating profit nearly tripled from a year earlier. The Seoul-based contractor noted its consolidated operating income for the April-June period was $162 million, up 182.6% from…...

1+ day, 37+ min ago   (623+ words) Aug. 3 (Asia Today) -- South Korea is emerging as a potential production and export base for Chinese automakers facing intense competition at home and higher trade barriers in the United States and Europe. Chinese companies are increasingly turning to investments, joint…...

1+ day, 30+ min ago   (515+ words) Aug. 3 (Asia Today) -- South Korea plans to introduce tax credits for domestic production and create a tax-advantaged investment account as part of its efforts to revive the country's potential economic growth rate. The credit will be calculated by multiplying the…...

1+ day, 12+ hour ago   (279+ words) The Financial Services Commission, or FSC, said Friday it has partially suspended the business operations of Lotte Card, one of the country's major card issuers, from Aug. 1 through Sept. 15 and imposed a fine of $3.5 million. Although the Seoul-based company is…...

1+ day, 12+ hour ago   (250+ words) SEOUL, Aug. 3 (UPI) -- South Korea's Samsung Fire & Marine Insurance said it has become the country's first private-sector company to earn an AA rating from international agency S&P Global Ratings. The nation's leading non-life insurer noted Sunday that S&P…...

4+ day, 2+ hour ago   (681+ words) July 31 (Asia Today) -- South Korea will launch a strategic investment fund worth more than 20 trillion won, or about $13.6 billion, next year to provide long-term capital to artificial intelligence, semiconductor and other industries considered vital to national security and economic growth....

4+ day, 8+ hour ago   (340+ words) The North Korean economy grew more than 3 percent for the third consecutive year in 2025, supported by expanded economic cooperation with Russia, South Korea's central bank said Friday. North Korea's gross domestic product (GDP) is estimated to have expanded 3.5 percent from…...

5+ day, 3+ hour ago   (555+ words) July 30 (Asia Today) -- South Korea's state-run housing guarantor failed to properly investigate debtors and recover claims after paying about 15 trillion won, or $10.3 billion, under defaulted guarantees over the past five years, a government audit found Thursday. The Housing and Urban…...