SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s real estate slowdown has pushed the number of active licensed realtors below 110,000 for the first time in more than five years, as prolonged policy tightening and weak housing demand reshape the industry. According to data released Wednesday by the Korea Association of Realtors, 109,979 real estate agents [...]
ANKARA & SEOUL, Nov. 25 (Korea Bizwire) — President Lee Jae Myung’s recent four-nation trip — anchored by his appearance at the G20 summit in Johannesburg and followed by stops in the United Arab Emirates, Egypt, and Turkey — was less a ceremonial swing through diplomatic capitals than a quiet attempt to reposition South Korea within [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korean consumer confidence climbed to its highest level in eight years this month, buoyed by easing trade uncertainty and stronger-than-expected economic data, according to a Bank of Korea survey released Tuesday. The central bank’s Composite Consumer Sentiment Index (CCSI) rose to 112.4 in November, up 2.6 points from October [...]
SEOUL, Nov. 24 (Korea Bizwire) — The International Monetary Fund held its forecast for South Korea’s 2025 economic growth at 0.9%, saying the economy has entered a recovery phase in the second half of the year and is positioned for a more meaningful rebound in 2026, according to the finance ministry. The projection is unchanged from [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean brokerage houses are expanding their workforces for the first time in three years, buoyed by a roaring stock market and renewed momentum in investment banking and digital services. As of the end of September, the nation’s 60 securities firms employed 39,238 people, up 398, or about 1 percent, [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s exports of dried seaweed, known as gim, surpassed $1 billion for the first time this year, buoyed by rising global demand and strengthened production capacity, the Ministry of Oceans and Fisheries said Sunday. As of Nov. 20, exports reached $1.015 billion, up 13.2 percent from a year earlier [...]
SEOUL, Nov. 24 (Korea Bizwire) — LG Electronics is accelerating its expansion in the Middle East, positioning itself as a key business-to-government (B2G) partner in the Global South as countries in the region pursue large-scale smart-city and infrastructure projects. The South Korean tech company said Sunday that it has signed a strategic partnership with Expo City [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s kimchi exports are expected to hit an all-time high this year amid rising global demand for Korean food, customs data showed Monday. Overseas sales of kimchi, a traditional Korean side dish typically made from cabbage, reached US$137.39 million in the first 10 months of 2025, up 2 [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean companies can now trade carbon emissions permits through securities firms, in a shift designed to make the market more accessible and liquid, the Ministry of Climate, Energy and Environment said Sunday. The change, effective Monday, allows firms to open brokerage accounts and trade emissions rights using the same [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of Seoul households in their 30s without a home climbed to an all-time high last year, even as homeownership among the same age group fell to its lowest level since records began, government data showed Sunday. According to the National Data Office, 527,729 Seoul households headed by someone [...]