SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s exchange-traded fund (ETF) market has entered a new era, surpassing 250 trillion won ($180 billion) in total assets and reshaping what it means to be a “mega fund” in one of the country’s fastest-growing financial sectors. According to data from the Korea Securities Depository released Tuesday, the number [...]
Government Kicks Off “New Leap Fund” to Wipe Out Old Debts for Over 1 Million Borrowers SEOUL, Oct. 8 (Korea Bizwire) — The South Korean government has launched a new debt relief initiative aimed at helping long-term defaulters rebuild their financial lives, but officials face a key hurdle in securing cooperation from private lenders that [...]
SEOUL, Oct. 8 (Korea Bizwire) — Food prices in South Korea have risen more than 20 percent over the past five years, far outpacing overall inflation and placing a growing strain on household budgets. According to data released Wednesday by the National Data Office, the consumer price index for “food and non-alcoholic beverages” in September [...]
SEOUL, Oct. 7 (Korea Bizwire) — What began as a side business rooted in Korean culinary tradition has become a full-fledged export strategy for the nation’s top hotels. As premium kimchi gains traction among global consumers, luxury hotel brands are ramping up production and shipping abroad. According to the hospitality industry on Tuesday, Walkerhill Hotel [...]
SEOUL, Oct. 7 (Korea Bizwire) — The value of U.S. dollar–pegged stablecoins held by South Korea’s major cryptocurrency exchanges has more than doubled over the past year, underscoring the rapid expansion of digital asset trading — and prompting renewed concerns over unmonitored capital flows. According to data submitted by the Financial Supervisory Service to Rep. [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s non-life insurers are escalating a fierce competition to secure “exclusive usage rights,” which grant temporary monopolies over newly developed insurance products, as the industry pushes for innovation amid slowing growth in traditional sectors such as auto coverage. According to the General Insurance Association of Korea, domestic insurers [...]
SEOUL, Oct. 6 (Korea Bizwire) – Shares in securities firms, which have already doubled this year, are widely expected to further advance down the road on the back of increased turnover and market-friendly steps, industry watchers said Monday. According to the Korea Exchange (KRX), the index tracking listed securities firms’ stock movement has nearly doubled [...]
SEOUL, Oct. 6 (Korea Bizwire) – Nearly 60 percent of South Koreans feel a sense of anxiety about falling behind the trend of using generative artificial intelligence (AI) models to help with investments, a survey showed Monday. According to the poll by the Korea Press Foundation on 1,000 South Koreans, 59.1 percent of respondents expressed [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean trading companies have lost more than 130 billion won (US$96 million) to foreign exchange-related trade fraud in the past four years, underscoring persistent vulnerabilities in international transactions, according to data released by the Financial Supervisory Service (FSS) on Wednesday. Between 2021 and the first half of 2025, [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]