South Korea economy

Amid supply chain worries and high-tech competition, there has been a distinct shift in the tenor of the business relationship between Seoul and Washington.

The chaebol spearheaded the country’s rapid industrialization, but it’s SMEs that will keep South Korea’s economy driving forward in the digital era.

Seoul’s preference to cater to established firms over smaller start-ups – or the workers themselves – will have long-term consequences.

Soaring real estate prices are deeply connected to structural issues with the South Korean economy.

The latest Financially Stability Report provides a picture of South Korea’s overall financial health – and there’s some worrying news.

Most South Korean conglomerates have weathered the shortage much better than their global competitors. That could change as early as this month.

South Korea took minimal economic damage overall, but sector-specific impacts varied widely.

South Korea was already struggling with economic inequality. The pandemic has made things worse.

President Moon Jae-in’s New Year’s Address reveals the focus for his last full year in office. Unsurprisingly, COVID-19 recovery tops the list.

Like other countries around the world, Seoul is trying to reshore production – with limited success.

Despite its capable handling of the pandemic overall, South Korea has not been able to escape the global economic fallout.