Luxury Brand Louis Vuitton Korea Reports Data Breach

(MENAFN- IANS) Seoul, July 4 (IANS) Louis Vuitton has become the latest luxury brand in South Korea to suffer a data breach, according to the company on Friday, following recent similar cases involving Dior, Tiffany and Cartier in the country.In a notice …

Korea vows to step up cooperation on development aid to tackle humanitarian crises

Korea has pledged to step up support for international cooperation on development aid to help ease humanitarian crises and promote sustainable growth and stability in less developed regions, the foreign ministry said Friday. Korea reaffirmed its commitment …

South Korea pushes food safety, export strategy in Latin America

Latin America (LATAM) has been a growing food trade partner for South Korea in the past few years, according to data from the Korean Agro-Fisheries and Food Trade Corporation (aT) information platform KATI. In FY2024 alone, South Korea agri-food exports to …

KB Financial Group steps up to lead South Korea’s best-performing banks

Leading scores for operational efficiency and asset quality helped KB Financial Group take the top place in South Korea’s best-performing ranking. Second places for growth, profitability and return on risk have helped the bank to an overall performance …

(EDITORIAL from Korea Herald on July 4)

Sandbox, not straitjacket To reclaim economic dynamism, South Korea must trade patchwork fixes for deregulation South Korea has long prided itself on its technological sophistication, a nation of 5G networks, semiconductor giants and integrated mobile …

S. Korea logs current account surplus for 25th month in May: BOK

SEOUL, July 4 (Yonhap) -- South Korea logged a current account surplus for the 25th consecutive month in May despite falling exports, central bank data showed Friday. The country's current account surplus reached US$10.14 billion in May, widening from …

South Korea: DB Insurance to buy US insurer

DB Insurance plans to acquire US specialty insurer Fortegra, reported inesting.com DB Insurance will invest around KRW2tr ($1.5bn), in the acquisition which is likely to be finalised in July/ August 2025, and would mark DB Insurance’s largest overseas …

South Korea’s DB Insurance leading the race for US insurer Fortegra: reports

South Korea Financial Markets

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, …

Lee calls dialogue key in North Korea ties

President Lee Jae-myung said Wednesday that cutting off all communication with North Korea would be “foolish,” stressing the need to improve inter-Korean relations through close coordination with the United States. Speaking at a news conference marking his …