The Republic of Korea's foreign exchange reserves increased in December from the previous month, but ended the year at their lowest level in five years, according to South Korea's central bank data released today, Monday, January 6.
Korea's Yonhap news agency reported that South Korea's exports in 2024 are set to hit a new record with a dramatic increase of 8.2 percent from last year, according to state data.
South Korean media reported on the morning of Sunday, December 29 that the explosion of a passenger plane at Moan Airport caused a massive fire and killed about 181 people.
South Korean President Yoon Suk Yeol announced his country will introduce a 26 trillion won ($19 billion) chip industry support package to boost the vital industry amid intensifying global competition.