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Link to original content: http://asia.nikkei.com/Economy/East-Asia/South-Korea
Economy: News & Insights - Nikkei Asia
South Korean Prime Minister Han Duck-soo has held many high-profile positions.
South Korea leadership crisis

South Korean PM Han stands by for bigger role amid political turmoil

Veteran technocrat could step into spotlight after president's martial law gambit

9 December 2024
Following Donald Trump's win in the U.S. presidential election in early November, SGX's benchmark Straits Times Index rose to 17-year highs. (Nikkei montage/Source photo by Reuters)
Trading Asia

Singapore outruns Hong Kong in 'Trump trade' stock rally

ST Index bests Hang Seng as investors eye 'havens'; South Korean stocks fall further

9 December 2024
People call for South Korean President Yoon Suk Yeol's resignation in Seoul on Dec. 4.
Your Week in Asia

South Korea turmoil, Asian Nobel winners, China's economic meeting

Your weekly lineup of Asia's biggest business and political events

8 December 2024
People gather at the National Assembly in Seoul on Dec. 4 to condemn President Yoon Suk Yeol's short-lived declaration of martial law the day before.
South Korea leadership crisis

South Korean lawmakers submit impeachment motion against Yoon

Embattled president faces condemnation over short-lived martial law declaration

4 December 2024
Korean newspapers report the declaration of martial law on Dec. 4. (Photo by Nami Matsuura)
South Korea leadership crisis

South Korea's martial law shock: 5 things to know

President Yoon at a standstill with National Assembly, could face impeachment

4 December 2024
Trucks and containers are seen at the Busan New Port in Busan.
Trade

South Korea export growth slows to 14-month low, chip sales to 11-month low

Trump's tariff on imports from Canada and Mexico expected to affect Korean exporters

1 December 2024
U.S. President Joe Biden speaks in front of solar panels on a visit to the Vernon Electric Cooperative in Westby, Wisconsin, on Sept. 5.
Trade war

U.S. sets tariffs for solar panels from four Southeast Asian nations

Imports from Malaysia, Cambodia, Vietnam and Thailand at issue

30 November 2024
The central bank has made a surprise move in an attempt to reignite South Korea's sluggish economy, which logged a 0.1% expansion in the third quarter. (Photo by Ahn Seong-bok)
Economy

South Korean central bank surprises with rate cut

Move marks first consecutive trims since 2009

28 November 2024
As governments seek to secure supplies of the materials needed for the "green transition," companies are bumping up against economic realities in an uncertain policy environment. (Nikkei montage / Photo by Ken Kobayashi and Yuki Fukumoto)
Tech Asia

Japan, South Korea struggle to reduce reliance on China tech materials

Governments and companies in key industries hedge against geopolitical tensions

27 November 2024
The U.S. would benefit from the support of Japan, South Korea and Taiwan to manage the economic competition -- or possibly confrontation -- with China.
Opinion

Trump's America must deepen ties with Asian allies to counter China

In new era, U.S. should reinforce economic alliances with Japan, South Korea and Taiwan

21 November 2024
LG Electronics established a R&D subsidiary in Hanoi to strengthen the rapidly growing electric vehicle related business in March 2023. This month, it added more coders to its workforce as part of a broader trend toward white-collar human resources in the region. (From homepage of LG Electronics)
Technology

LG adds software jobs in Vietnam as country moves up value chain

Technical staff like coders and designers on the rise in ASEAN supply-chain hub

20 November 2024
A Korean family walks around one of the K-Towns in Ho Chi Minh City. Vietnam has 50% more Korean residents than the rest of ASEAN combined. (Photo by Yuki Kohara)
ASEAN Money

Vietnam's booming Korea Towns nurture niche businesses

50% more ethnic Koreans live in the communist country than rest of ASEAN combined

12 November 2024
South Korean President Yoon Suk Yeol last week warned of the risks stemming from Trump's threat of steep tariffs on Chinese imports.
Semiconductors

South Korea's ruling party plans chips law to avert Trump threat

Yoon worries U.S. tariffs on Chinese imports could force Korean makers into price war

11 November 2024
Atsumi checks the scallops he is cultivating from his boat. (Photo by Suzu Takahashi)
Big in Asia

South Korea and Japan fishing towns fight to survive as climate change heats seas

Waters warming faster than global average force fish to migrate, upending livelihoods

9 November 2024
 Republican presidential nominee Donald Trump speaks during a campaign rally on Oct. 31 in Henderson, Nevada.
Opinion

Trump's reelection could rival the impact of the 2008 crisis for Asia

Economic and geopolitical risks could multiply under Trump 2.0

7 November 2024
Korea Aerospace Industries talked about its "AI pilot" concept at the Korea Army International Defense Industry Exhibition in October. (Photo by Ahn Seong-bok)
Defense

South Korea pushes AI to bolster military as population shrinks

Hanwha Ocean and KAI pitch unmanned vehicle tech amid North Korea threat

5 November 2024
South Korean President Yoon Suk Yeol attends the 25th ASEAN-Republic of Korea Summit at the National Convention Centre in Vientiane on Oct. 10.
Economy

South Korea says it may consider 'additional reduction in fuel taxes'

President Yoon's office sees limited economic impact from Middle East crisis

27 October 2024
People walk though the Myeongdong shopping district in Seoul. Inflation has eased in recent months, paving the way for the central bank to pivot to a more dovish stance.
Economy

South Korea Q3 GDP expands 0.1% as consumption edges up

Export-led economy saw decline in shipments of autos, chemical products

24 October 2024
Ashwin Ramaswami, second from left, who is running for election in Georgia Senate District 48, meets with a group of Korean American mothers. (Photo by Pak Yiu)
U.S. elections 2024

Georgia's growing Asian population boosts Democrats' U.S. election hopes

Southern battleground state crucial in race between Kamala Harris and Donald Trump

18 October 2024
More people around the world are looking to courts to order governments and companies to take action against global warming, arguing they have a fundamental right to be protected from climate change. (Nikkei montage/Source photos by Getty Images)
Policy Asia

Japan group sues utilities, claiming climate inaction violates human rights

Country's first youth-led climate litigation comes as regional, global cases multiply

18 October 2024
Barricades are placed near the Unification Bridge, which leads to Panmunjom in the Demilitarized Zone in Paju, South Korea, on Oct. 14.
International relations

North Korea set to destroy parts of inter-Korean roads, Seoul says

Pyongyang's Kim Jong Un has mines planted on his own side of the border

14 October 2024
Indonesian President-elect Prabowo Subianto, left, walks with President Joko Widodo as they leave the parliament building in Jakarta on Aug. 16.
Your Week in Asia

Indonesia's new leader, Hyundai launches $3.3bn India IPO, China GDP

Your weekly lineup of Asia's biggest business and political events

13 October 2024
In a Reuters poll, 34 out of 37 economists predicted the Bank of Korea's 25 basis-point cut, with the rest expecting the bank to stand pat. (Photo by Kotaro Hosokawa)
Economy

Bank of Korea cuts rate by 25 basis points amid slowing inflation

Central bank starts easing cycle following Fed's policy pivot

11 October 2024
South Korean President Yoon Suk Yeol's mid-20s approval rating is quite a climb down for a leader who took power with a 53% support rate.
Opinion

Yoon Suk Yeol's midterm report card: Talk less, do more

Bold actions needed to build competitive muscle in the globe's most dynamic neighborhood

10 October 2024
South Korean President Yoon Suk Yeol delivers his address during the 47th ISEAS-Yusof Ishak Institute Singapore Lecture in Singapore on Oct. 9.
Indo-Pacific

South Korea's Yoon offers $100m to 'promote democracy' in Indo-Pacific

President says his country will help digital development, education in ASEAN

9 October 2024
South Korean President Yoon Suk Yeol, second from left, and Philippine President Ferdinand Marcos Jr., second from right, take part in a signing ceremony on Oct. 7 in Manila.
International relations

South Korea offers $1.9bn in loans to Philippines during Yoon visit

President touts nuclear energy cooperation at dormant Bataan plant

7 October 2024
Estimates indicate that by 2050, there will be one working-age adult for each retiree in South Korea. (Photo by Ahn Seong-bok)
Economy

South Korea pension fund in crisis as aging outpaces reform

New proposal by President Yoon faces backlash despite demographic woes

7 October 2024
The logo of Italian energy company Eni is seen at a gas station in Rome. Japan Organization for Metals and Energy Security (JOGMEC) signed a preliminary agreement with Eni to cooperate on LNG procurement.
Energy

Japan expands LNG flexibility via ties with South Korea, Italy

Japan's JERA and Korea Gas collaborate; JOGMEC signs deal with Italian Eni

6 October 2024
Choi Soon-hwa became a runway model in her 70s and hopes her example can inspire other elderly people to pursue their passions, with the 65-and-over population set to rocket to 40% of all South Koreans by 2050. (Photo by Ahn Seong-bok)
Big in Asia

South Korea wakes up to the next K-wave: The 'silver economy'

After pop culture, goods and services for the elderly tipped to be next Korean big thing

5 October 2024