Press Releases

South Korean Banks Keep Lending Rates at 4.06 Percent

(MENAFN) South Korean banks kept their lending rates unchanged in August, as the market continues to anticipate further cuts to the country's policy interest rate, data from the central bank revealed Tuesday. The average lending rate for new bank...

South Korea's Lee Sees Drop in Approval Rating

(MENAFN) South Korean President Lee Jae-myung's public support has dropped sharply, with his approval rating falling 2.5 percentage points to 67.4% last week, according to a poll released Monday by local agency Flower Research. The weekly survey,...

South Korea Says It’s Not Designated as Currency Manipulator by US

(MENAFN) The South Korean presidential office stated on Sunday that the United States has not classified South Korea as a currency manipulator, according to a report from a Seoul-based news agency. Officials from both countries have engaged in...

South Korea Passes Bill to Dismantle Prosecution Office

(MENAFN) In a sweeping overhaul of key government institutions, South Korea's National Assembly approved a bill Friday to disband the national prosecution office and implement structural changes across multiple ministries, according to South...

Airport Workers at South Korean Airports Begin Strike

(MENAFN) Employees at 15 airports throughout South Korea, including the country’s primary international gateway, Incheon Airport, initiated an open-ended strike on Wednesday, according to a local newspaper. This labor action occurs just days...

Christine Lagarde: Opening remarks

Remarks by Christine Lagarde, President of the ECB, at the panel on the “Global Economic Outlook” at the 40th Annual G30 International Banking Seminar Washington DC, 18 October 2025 Global imbalances have once again moved to the forefront of...

South Korean President Calls for Encouraging Responsible AI Use

(MENAFN) South Korean President Lee Jae Myung on Wednesday appealed to the international community to "unite" in order to guarantee the "responsible use" of artificial intelligence (AI). He also urged the UN Security Council to take part in...

South Korea Warns Against Housing Price Hopes

(MENAFN) South Korea’s central bank issued a sharp warning Thursday against rising expectations for higher home prices, cautioning that such optimism could fuel financial imbalances. In its latest financial stability report, the Bank of Korea...

Karnataka Tourism Announces Roadshow in Seoul, South Korea

Roadshow on 30 September 2025 to connect with South Korea’s travel trade and highlight heritage, nature, and cultural experiences. BENGALURU, KARNATAKA, INDIA, September 29, 2025 /⁨EINPresswire.com⁩/ -- As part of its strategic outreach to the...

2025 China (Shenyang) South Korea Week Kicks Off

SHENYANG, China, Sept. 29, 2025 (GLOBE NEWSWIRE) -- On September 25, the opening ceremony for the 2025 China (Shenyang) South Korea Week was held. Under the theme "Shared Opportunities, Shared Development, Shared Future", this year's event spans...

South Korean Leader Pledges to Pursue Peace with North Korea

(MENAFN) South Korean President Lee Jae-myung pledged Tuesday to pursue a steady course toward easing military tensions with North Korea and rebuilding mutual trust, emphasizing his administration’s commitment to peaceful coexistence on the Korean...

VivoPower Establishes South Korean Office and Appoints Local Representative Director

Strategic move affirms VivoPower’s commitment to the important South Korean market VivoPower presented at XRP Seoul and attended Korea Blockchain Week South Korea holds $30 billion of XRP circulating supply, representing 20% of the total LONDON,...

South Korea's Internal Migration Drops Sharply in August

(MENAFN) South Korea’s internal migration dropped sharply in August, reversing a two-month uptick, as a combination of sluggish housing activity and rapid population aging continues to dampen residential mobility, according to Statistics Korea....

South Korea Posts 5.9 Percent Rise in July Births

(MENAFN) South Korea experienced a 13th consecutive month of rising births in July, driven by an increase in marriages, official data revealed Wednesday. According to Statistics Korea, the number of newborns climbed 5.9 percent year-on-year to...

South Korean Fighter Aircraft Veers Off Runway

(MENAFN) A South Korean KF-16 fighter jet veered off the runway at an air base in Chungju, central South Korea, on Tuesday afternoon, though no injuries were reported, according to a South Korean news agency. The incident occurred around 4:38 p.m....

South Korean Battery CEO Sentenced to Prison Over Deadly Factory Fire

(MENAFN) The CEO of a South Korean battery manufacturer has been handed a 15-year prison sentence following a deadly factory fire that took 23 lives in June of the previous year, according to multiple reports on Tuesday. Park Soon-kwan, the leader...

South Korea's Producer Prices See 0.1 Percent Drop in August

(MENAFN) South Korean suppliers saw a slight reduction in the cost of goods and services over the past three months, primarily due to a decline in service fees, data from the central bank revealed on Tuesday. According to Bank of Korea (BOK)...

South Korea Extends Special Counsel Probe into Yoon

(MENAFN) South Korea on Tuesday sanctioned three amended bills to prolong a special counsel inquiry into corruption suspicions involving former President Yoon Suk Yeol and his wife, Kim Keon Hee, a news agency reported. These measures, which were...

Sauna Gas Blast Injures Nearly Thirty in South Korea

(MENAFN) A gas explosion at a dry sauna in Yangju, located in South Korea’s Gyeonggi province, left 28 people injured on Saturday morning, according to a local news agency. The blast occurred around 10:17 a.m. local time (0117 GMT). Emergency...

eXp Realty Expands to South Korea, Offering Agents a Real Exit from the Traditional Model

BELLINGHAM, Wash., Sept. 25, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the largest independent real estate brokerage in the world and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its official entry into South Korea,...