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South Korea is set to introduce a facial-recognition system for mobile-phone activations in July, aiming to curb identity
South Korea is expanding a remote baggage-screening program for travelers bound for the United States, allowing more passengers
South Korea’s travel-services deficit with Japan surged to an unprecedented $5.71 billion in 2025. While the record shortfall
South Korea’s share of high-income workers has climbed to a record level, but the gains are increasingly concentrated
Hand is hold three credit cards on white background. South Korea’s leading digital-only banks are aggressively tightening credit lines and freezing loan products, moving in lockstep with financial regulators desperately trying to decelerate a dangerous surge in household debt fueled by retail investors borrowing to play the stock market. Starting this week, the country's three major internet lenders—KakaoBank, Toss Bank,
Photo=Harim South Korea’s competition regulator has approved NS Shopping’s acquisition of the Homeplus Express business, clearing a key step for Harim Group’s return to the offline retail sector after 14 years. The Fair Trade Commission approved the corporate combination on the 12th after reviewing potential competition concerns. NS Shopping, a subsidiary of Harim Group, signed a deal last month with
Photo=motionelemenets Employees at South Korea’s state-owned policy banks earned an average of $84,000 in 2025, more than $30,000 above the public-sector average, highlighting a widening compensation gap among the country’s public institutions, according to a report released on June 17 by the National Assembly Budget Office. Workers at bank-type public institutions, including the Korea Development Bank and the Export-Import Bank
Photo=motionelements South Korea’s largest listed companies more than tripled stock-based compensation for employees in the first five months of 2026, underscoring a growing shift toward equity incentives as companies seek to retain talent and align employee rewards with shareholder returns. The country’s 100 biggest companies by market capitalization awarded shares worth a combined $1.7 billion between January and May, according
(Photo=Republic of Korea Air Force) South Korea’s bid to become a major player in the global fighter aircraft market is gaining momentum as the KF-21 Boramae, the country’s first domestically developed supersonic fighter jet, attracts growing interest from potential overseas buyers. Officials at Korea Aerospace Industries (KAI), South Korea’s leading aircraft manufacturer, said multiple countries have expressed interest in the
