Browsing: South Korea

– South Korea’s semiconductor exports surged 222.5% year on year to $27.5 billion in the first 20 days of October, driving total exports to $61.6 billion. Overall outbound shipments more than doubled from the same period last year, according to

South Korea’s consumer inflation accelerated to 3.1% in August from a year earlier, official data showed. The rate increased from 2.8% in July and moved back above 3%. Consumer prices also rose 0.2% from the previous month. The Ministry of

South Korea welcomed 2,093,223 foreign visitors in July 2026, extending a strong recovery in international tourism. The monthly total increased 20.8% from 1,733,199 arrivals recorded in July 2025. It also stood 44.6% above the level reached in July 2019, before

A South Korean container ship has left Busan for Europe on the country’s first Arctic trial involving commercial container cargo. PanStar Acro departed Busan New Port on August 22 for a planned 45-day round trip. The 2,758-TEU vessel will travel

South Korea’s automobile exports climbed 7.0% from a year earlier to US$6.24 billion in July 2026. The figure set a record for the month of July and exceeded the previous July high of US$5.90 billion in 2023. The Ministry of

South Korea posted a $596.6 million tourism surplus in June 2026, its strongest monthly result since the COVID-19 pandemic. The balance improved by about $1.44 billion from June 2025, when the country recorded an $846.8 million deficit. Korea Tourism Organization

South Korea is facing sharp increases in fresh food prices as extreme heat disrupts farms and reduces vegetable supplies. Korea Agro-Fisheries & Food Trade Corp. data showed spinach reaching 1,978 won per 100 grams on Aug. 7. That price was

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 two years from the earlier 2030 to 2031 schedule. The facility will anchor Samsung’s planned

South Korea’s exports topped US$100 billion in a single month for the first time in June, setting a national record as semiconductor shipments nearly tripled. The Ministry of Trade, Industry and Resources said exports rose 70.9% from a year earlier

South Korea opened its FIFA World Cup Group A campaign with a 2-1 comeback win over the Czech Republic at Guadalajara Stadium. Hwang In-beom scored the equalizer and set up the winner as Korea Republic recovered from a second-half deficit on Thursday night.