July 28, 2026
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Tag : Seoul

Technology

Samsung sets 2029 start for first Yongin semiconductor plant

omandailynews.com
SEOUL, SOUTH KOREA / RankWire.AI / – Samsung Electronics plans to start operations at its first chip plant in Yongin in 2029. The revised target brings the opening forward by one to two years from the earlier 2030 to 2031 schedule. The facility will anchor Samsung’s planned national semiconductor complex......
Technology

South Korea launches $665.5 million industrial growth fund

omandailynews.com
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

omandailynews.com
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

omandailynews.com
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

omandailynews.com
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

omandailynews.com
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 meeting without a change, as policymakers weighed rising inflation pressure, weaker growth risks and heightened market volatility. The decision by the seven-member Monetary Policy Board......
Business

South Korea FX reserves fall in March on stronger dollar

omandailynews.com
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 to ease currency-market strain, central bank data showed on Friday. Official reserves stood at $423.66 billion at the end of March, down $3.97 billion from......
Business

South Korea starts 2026 with 11.3 trillion won surplus

omandailynews.com
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 leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9 trillion won in the month, up 6.2 trillion won from a year......
Business

Bank of Korea holds 2.5% rate and rolls out dot plot

omandailynews.com
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary Policy Board said it would hold the current level while assessing developments in......