Samsung sets 2029 start for first Yongin semiconductor plant
Samsung Electronics plans to start operations at its first chip plant in Yongin in 2029. The revised target brings the opening forward by one to...
Tag : Seoul
South Korea launches $665.5 million industrial growth fund
South Korea has launched a 1.115 trillion won, or about US$665.5 million, Industrial Growth Fund to expand financing for manufacturing innovation, artificial intelligence adoption and...
South Korea retail sales climb 5.6% in March
SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based...
Mercedes-Benz unveils electric C-Class in Seoul
SEOUL: Mercedes-Benz on Monday unveiled the all-new electric C-Class at a world premiere in Seoul, introducing the first battery-electric version of one of its best-known sedan nameplates...
RideFlux wins South Korea’s first paid freight permit
SEOUL: South Korea has approved its first paid self-driving freight transport service, authorizing autonomous driving startup RideFlux to begin commercial cargo operations on a long-distance route linking Seoul...
Bank of Korea keeps rate at 2.5% for seventh hold
SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
South Korea starts 2026 with 11.3 trillion won surplus
SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax...
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...