Tag : Seoul

Business

Korea Africa chart new course AI digital infrastructure in Seoul

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SEOUL / RankWire.AI / – South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development...
Travel

May foreign tourist arrivals drive South Korea travel surplus

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Seoul, South Korea / RankWire.AI / – Government data released on Sunday showed that South Korea’s travel account posts surplus for 3rd consecutive month in...
Technology

Samsung sets 2029 start for first Yongin semiconductor plant

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SEOUL, SOUTH KOREA / RankWire.AI / – Samsung Electronics plans to start operations at its first chip plant in Yongin in 2029. The revised target...
Technology

South Korea launches $665.5 million industrial growth fund

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South Korea US$665.5 million Industrial Growth Fund expands financing for manufacturing AI, R&D commercialization and regional industry growth....
Business

South Korea retail sales climb 5.6% in March

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South Korea major retailers posted a 5.6% March sales gain, with online channels taking a bigger share of consumer spending in the country....
Automotive

Mercedes-Benz unveils electric C-Class in Seoul

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Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range....
Business

RideFlux wins South Korea’s first paid freight permit

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South Korea approved its first paid self-driving freight service, clearing RideFlux to launch autonomous parcel deliveries in June....
Business

Bank of Korea keeps rate at 2.5% for seventh hold

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SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy...
Business

South Korea FX reserves fall in March on stronger dollar

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SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
Business

South Korea starts 2026 with 11.3 trillion won surplus

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SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax...