South Korea Finance & Banking

Financial news from South Korea, covering banking, investments, fintech, and monetary policy.

KDI Says Consumption Improves for Fourth Month; Tariff Uncertainty Resurfaces

The Korea Development Institute (KDI) delivered a positive economic assessment for the fourth consecutive month, stating that "moderate production growth continues, led by the service sector." However...

Published 2026.02.09. 18:20:30 | By Kim Byung-hoon

Korea Customs Service Rebrands Training Institute to Reflect Border Security Mission

In a letter to his minister Wang Xiu during the late Han Dynasty, Cao Cao praised him with the phrase "myeongsilsangbu" (名實相符) — meaning one's name an...

Published 2026.02.09. 18:17:54 | By Lee Myung-gu, Commissioner of Korea Customs Service

Samsung to Ship World's First HBM4 to Nvidia After Lunar New Year

Samsung Electronics will ship HBM4, the sixth-generation high-bandwidth memory critical to next-generation artificial intelligence accelerator perform...

Published 2026.02.09. 18:16:09 | By Kyung-woo Koo

Samsung Reclaims Top HBM Supplier Status With World's First HBM4 Shipment to Nvidia

Samsung Electronics will ship HBM4, the sixth-generation high-bandwidth memory critical to next-generation artificial intelligence accelerators, to Nv...

Published 2026.02.09. 18:15:09 | By Kyung-woo Koo

Nvidia CEO Huang Dismisses Software Doomsday Fears as 'Illogical'

"AI replacing software? That's the most illogical idea." Jensen Huang, CEO of Nvidia, made this remark at the recent Cisco AI Summit in San Francisco...

Published 2026.02.09. 18:14:41 | By Soo-yeon Cho, AX Content Lab

Netflix, AI Subscriptions Drain $17.3B from Korea, Pressuring Won and Inflation

South Korea's payments to overseas digital service providers reached $17.33 billion in 2025, tripling over seven years as subscriptions to Netflix, Yo...

Published 2026.02.09. 18:13:14 | By Kim Hye-ran

Koreans Spent $17.3 Billion on YouTube, ChatGPT, Digital Services Last Year

South Koreans spent over 25 trillion won on digital services including YouTube, Netflix, and ChatGPT last year, according to central bank data release...

Published 2026.02.09. 18:12:41 | By Kim Hye-ran

Samsung Partners with IOC to Nurture Future Tech Talent

Samsung Electronics is joining forces with the International Olympic Committee (IOC) to nurture global youth talent. Samsung Electronics announced on...

Published 2026.02.09. 18:12:39 | By Kim Woo-bo

Seoul Economic Daily Seeks Experienced Reporters for AI Era

Seoul Economic Daily is recruiting experienced journalists. Founded on August 1, 1960, Seoul Economic Daily has served as a guiding beacon alongside ...

Published 2026.02.09. 18:06:24 | By Noh Hee-young

Seoul Bank Deposits Jump 8% While Busan Lags at 3%

Bank deposits in Seoul surged more than 8% over the past year, while Busan, Korea's second-largest city, saw only a 3% increase, data showed, highligh...

Published 2026.02.09. 18:02:57 | By Cho Ji-won

Hana Bank CEO Joins Youth Gambling Eradication Campaign

Hana Bank CEO Lee Ho-sung has joined the "Youth Gambling Eradication Relay Campaign." Hana Bank announced on the 9th that CEO Lee has decided to part...

Published 2026.02.09. 18:00:52 | By Shin Joong-seop

Government Reviews Relocating Gwacheon Racetrack Within Gyeonggi Province

The government is reviewing plans to relocate the Gwacheon racetrack to another location within Gyeonggi Province. Minister of Agriculture, Food and ...

Published 2026.02.09. 17:54:57 | By Kim Nam-myung

Regional Funds Drain to Seoul at ₩100 Trillion Annually

President Lee Jae-myung declared at a groundbreaking ceremony for the South-North Inland Railway in Geoje, South Gyeongsang Province on the 6th that "...

Published 2026.02.09. 17:52:52 | By Cho Ji-won

Illegal Loan Sharks Charge 128% Interest Rates, Preying on Low-Income Workers

Illegal private lending in South Korea carries an average annual interest rate of 128%, according to a Financial Supervisory Service investigation obt...

Published 2026.02.09. 17:52:50 | By Lee Seung-bae

South Korea to Allow Subcontractors, Gig Workers to Strike Against Large Firms

Small and medium-sized enterprises supplying to large corporations will soon be able to engage in collective bargaining and strikes against unfair pra...

Published 2026.02.09. 17:52:00 | By Kim Nam-myung

Samsung SDI, Korea East-West Power Partner on Global ESS, Renewable Projects

Samsung SDI and Korea East-West Power will jointly pursue domestic and international projects in energy storage systems (ESS) and renewable energy sec...

Published 2026.02.09. 17:43:26 | By Sung Chae-yun

Public Home Shopping Cuts Payment Settlement Period to Two Days

Public Home Shopping will now allow partners to receive settlement payments through a simple application process without issuing tax invoices. Public...

Published 2026.02.09. 17:34:30 | By Ryu Seok

FSC Reviews Conditional Installment Payment for IBK's Unpaid Overtime

The Financial Services Commission is reviewing a plan to grant an exception to the total personnel cost system for IBK Industrial Bank of Korea, conti...

Published 2026.02.09. 17:29:10 | By Lee Seung-bae

Dukshin EPC to Host 10th National Junior Golf Championship

Dukshin EPC announced on the 9th that it will host the "10th Dukshin EPC National Junior Championship" at Kings Dale Golf Club in Chungju, North Chung...

Published 2026.02.09. 17:06:58 | By Park Woo-in

Freetech MI Commercializes Dual Propulsion System for Marine Vessels

Freetech MI, a yacht and boat components manufacturer, has commercialized technology that freely controls independent propulsion systems including ele...

Published 2026.02.09. 16:43:17 | By Park Woo-in

T'way Air Jet Loses Wheel During Landing in Taiwan; No Injuries

A T'way Air passenger jet lost a wheel during landing in Taiwan, though no injuries were reported. According to Taiwan's China Times and other outlet...

Published 2026.02.09. 16:17:59 | By Shim Ki-moon

Insurance Purchases Advised Before Lunar New Year System Upgrade

Insurance purchases may be difficult during certain hours on January 14 and 18, the first and last days of the Lunar New Year holiday. The Korea Cred...

Published 2026.02.09. 16:17:27 | By Lee Seung-bae

Korea Fashion Association to Host K-Fashion Globalization Policy Forum

The Korea Fashion Association and Rep. Song Jae-bong of the Democratic Party of Korea announced on the 9th that they will host the "K-Fashion Globaliz...

Published 2026.02.09. 15:44:25 | By Noh Hyun-young

Baemin's Exclusive Deal with Cheogajip Draws 90% of Franchisees

Approximately 90% of Cheogajip Yangnyeom Chicken franchisees have agreed to participate in Baedal Minjok's (Baemin) relaunched "Baemin Only" program, ...

Published 2026.02.09. 15:17:53 | By Kim Yeon-ha

Samyang Foods' Pop-up Store Draws 10,000 Visitors in Two Days

Samyang Foods announced Monday that its "Samyang 1963 100-Day Celebration" pop-up store, which opened last weekend, successfully concluded after attra...

Published 2026.02.09. 15:08:14 | By Sung Hyung-ju

Samyang Foods' Pop-up Store Draws 10,000 Visitors in Two Days

Samyang Foods announced Monday that its "Samyang 1963 100-Day Celebration" pop-up store, which opened last weekend, drew a cumulative 10,000 visitors ...

Published 2026.02.09. 15:08:03 | By Sung Hyung-joo

Samyang Foods' Pop-up Store Draws 10,000 Visitors in Two Days

Samyang Foods announced Monday that its "Samyang 1963 100-Day Celebration" pop-up store, which opened last weekend, concluded successfully after attra...

Published 2026.02.09. 15:07:41 | By Sung Hyung-ju