Korea
Straits Trading unit to divest South Korea logistics property for 432 billion won
[SINGAPORE] The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as part of its strategy to recycle capital...
Bank of Korea stands pat as board wary of weak won, property market rally
[SEOUL] South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won along with risks of financial imbalances stemming...
2025’s winners and laggards: STI posts best gains in years; South Korea, Vietnam outshine regional peers
The Straits Times Index turns in its strongest performance in at least four years, with a total return of 22.7% in 2025 [SINGAPORE] South Korea emerged as Asia’s leading...
South Korea central bank to assess incoming data to decide whether and when to lower rates
[SEOUL] South Korea’s central bank will decide whether and when to implement any further interest rate cuts next year based on a comprehensive assessment of incoming data, it said...
S Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reverses course on the news to rally as much as 1.6% to 1,458.0 per dollar[SEOUL] South Korea’s national pension fund has initiated a new round of...
South Korea digs deeper into intervention toolkit as won slides
The won has been Asia’s worst-performing currency in the second half of the year[SEOUL] In South Korea, calls for action to stem the won’s decline are getting louder by...
South Korea central bank sees upside inflation risk with a weaker won
[SEOUL] South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at its current level against the...
South Korea police raid e-commerce giant Coupang over data leak
Personal information of 33.7 million customers had been leaked – almost two-thirds of the population[SEOUL] South Korean police raided the Seoul headquarters of e-commerce giant Coupang on Tuesday (Dec...
