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Business & Economy

South Korea’s electric bus market sees Chinese brands dominate sales
Analysis

South Korea’s electric bus market sees Chinese brands dominate sales

South Korea boosts hydrogen bus production and adjusts subsidy regulations to compete with cheaper Chinese models

South Korea’s electric bus market sees Chinese brands dominate sales
Yeji ChungYeji Chung October 18, 2024
South Korea introduces tougher penalties to combat high-tech sector leaks
Briefings

South Korea introduces tougher penalties to combat high-tech sector leaks

New initiative aims to prevent leaks, but past failures raise doubts about the effectiveness of tougher penalties

South Korea introduces tougher penalties to combat high-tech sector leaks
KOREA PROKOREA PRO October 18, 2024
Hyundai Mobis expands EV manufacturing in Slovakia with $257 million investment
Briefings

Hyundai Mobis expands EV manufacturing in Slovakia with $257 million investment

New facility aims to boost production of Power Electric systems as European automakers face shifting market conditions

Hyundai Mobis expands EV manufacturing in Slovakia with $257 million investment
KOREA PROKOREA PRO October 17, 2024
Trump’s potential return risks South Korea’s national security and economy
Analysis

Trump’s potential return risks South Korea’s national security and economy

A second Trump presidency would leave Seoul facing defense and trade uncertainty and challenge Yoon’s alliance strategy

Trump’s potential return risks South Korea’s national security and economy
John LeeJohn Lee October 16, 2024
South Korean trade sees volume growth despite export and import price declines
Briefings

South Korean trade sees volume growth despite export and import price declines

Lower prices fuel trade in the short term, but external risks, including China and oil prices, could reverse gains

South Korean trade sees volume growth despite export and import price declines
KOREA PROKOREA PRO October 16, 2024
Yoon Suk-yeol taps former chief of staff as ambassador to China
Briefings

Yoon Suk-yeol taps former chief of staff as ambassador to China

Kim Dae-ki faces economic challenges and balancing South Korea’s relations with China and the US

Yoon Suk-yeol taps former chief of staff as ambassador to China
KOREA PROKOREA PRO October 15, 2024
Loopholes help South Korean firms continue exports to Russia despite sanctions
Analysis

Loopholes help South Korean firms continue exports to Russia despite sanctions

Sending goods via Chinese subsidiaries risks straining ties with US and NATO and exposes companies to investigation

Loopholes help South Korean firms continue exports to Russia despite sanctions
John LeeJohn Lee October 14, 2024
South Korea’s cosmetics exports hit $7.4 billion but lag behind French giants
Briefings

South Korea’s cosmetics exports hit $7.4 billion but lag behind French giants

Despite growth in the U.S. and Japan, South Korea’s beauty industry faces stiff competition from global leaders

South Korea’s cosmetics exports hit $7.4 billion but lag behind French giants
KOREA PROKOREA PRO October 14, 2024
South Korea’s central bank cuts interest rates to boost economy and exports
Analysis

South Korea’s central bank cuts interest rates to boost economy and exports

Bank of Korea’s rate cut aims to ease financial pressure, but rising household debt and inflation risks persist

South Korea’s central bank cuts interest rates to boost economy and exports
John LeeJohn Lee October 11, 2024
South Korea’s ASEAN push and economic diplomacy in action — Ep. 42
Podcast

South Korea’s ASEAN push and economic diplomacy in action — Ep. 42

Yoon’s strategic partnerships in Southeast Asia and South Korea’s entry into a major bond index signal economic ambition

South Korea’s ASEAN push and economic diplomacy in action — Ep. 42
KOREA PROKOREA PRO October 11, 2024
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