News South Korea Finance: Donald Trump to raise tariffs on South Korea to 25%
Donald Trump has said he will increase tariffs on South Korea to 25 per cent in response to Seoul’s slow pace in enacting the trade deal it struck with the US last year.
News South Korea Finance: South Korea's economy grew just 1% in 2025, lowest in five years
South Korea logged its slowest growth in half a decade in 2025, the country's central bank said Thursday, while exports rose on the back of a boom in artificial intelligence.South Korea is home to key semiconductor manufacturers -- Samsung Electronics and SK hynix -- whose products have become crucial to sustaining and further expanding infrastructure for the global artificial intelligence market.
News South Korea Finance: South Korea plans tax breaks on domestic chip and tech investments
SEOUL (Reuters) -South Korea said on Tuesday it plans to offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting the economy. Companies making capital investment at home would be given up to a 35% tax deduction which would help companies save more than 3.6 trillion won ($2.82 billion) in 2024 tax payments, the
News South Korea Finance: South Korea Plans Bigger Tax Breaks to Boost Its Chip Sector
(Bloomberg) -- South Korea’s government plans to hike tax breaks for big chip companies’ capex to as much as 25%, after President Yoon Suk Yeol called for bigger incentives to fuel the critical sector.Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionUkraine Latest: Strike Kills 63 Russian Troops in Occupied TownXi Warns of Tough Covid Fight, Acknowledges Divisions in ChinaGemini’s Cameron Winklevoss Slams Crypto Exec Barry Silbert Over Frozen FundsBig companies wil
News South Korea Finance: South Korea unveils tax breaks for domestic investments in chips
South Korea will roll out large tax breaks for semiconductor firms and other technology companies that invest at home as part of efforts to ensure the security of supply chains. Firms that invest in ...
News South Korea Finance: South Korea: President Yoon says labor reforms a priority
South Korean President Yoon Suk-yeol stressed the need for labor reforms in the country this week. Yoon said that reforms must be done in order to improve the way the country functions. Speaking at a ...
News South Korea Finance: North Korea Has Stolen $1.2 Billion in Crypto Since 2017, Spy Agency Says
South Korea’s top spy agency revealed on Thursday that state-sponsored North Korean hackers had stolen $1.2 billion in cryptocurrency and other digital assets from targets around the world over the last five years.
News South Korea Finance: South Korea's economic slump to bottom in first half of 2023, finance minister says
SEOUL (Reuters) - South Korea's finance minister said on Monday the economy is slowing at a more rapid pace than previously expected and would bottom in the first half of next year. "Our economy's growth is expected to slow next year due to the effects from a global economic slump, and the difficulty will be focused on the first half," Minister Choo Kyung-ho said at the opening of a meeting with
News South Korea Finance: South Korea flags economic slump deepening for while
By Choonsik Yoo SEOUL (Reuters) - South Korea on Monday flagged a deeper economic slowdown than expected at least through the first half of next year, and extended sales tax breaks on some fuel oil products and passenger cars by a few months. "Our economy's growth is expected to slow next year due to the effects from a global economic slump, and the difficulty will be focused on the first half,"
News South Korea Finance: South Korea presidential campaign, Singapore Airshow, ASEAN meeting
Welcome to Your Week in Asia. South Korea's presidential campaign kicks off on Tuesday ahead of an election in March. On Thursday, G-20 finance ministers and central bank governors will convene in ...
News South Korea Finance: U.S., Japan, South Korea meet in Hawaii to discuss North Korea
HONOLULU — U.S. Secretary of State Antony Blinken met his Japanese and South Korean counterparts Saturday in Hawaii to discuss the threat posed by nuclear-armed North Korea after Pyongyang began ...
News South Korea Finance: South Korea’s $200 billion wealth fund to invest in the metaverse
The head of the South Korean 200 billion dollar wealth fund has decided ... Previously, he had spent most of his career at the finance ministry, which owns 100% of KIC. He said that hotels could be a ...
