South Korea

Lee Seung-heon says the government should introduce stronger curbs on the housing market as a rally in property prices could reignite inflationary pressure and prevent middle-class families from buying their own homes.

Contender for Bank of Korea governor backs higher property taxes to contain inflation

[SEOUL] Lee Seung-heon, one of the leading candidates to become the next Bank of Korea (BOK) governor, backs raising taxes on property ownership to stop surging home prices from stoking inflation but ...

Bitcoin prices briefly slumped 17% to 81.1 million won on Friday evening on Bithumb.

South Korean crypto firm accidentally sends US$44 billion in bitcoins to users

[SEOUL] South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of bitcoins to customers as promotional rewards, triggering a...

Investor caution seems to be rising as the global AI trade turns more volatile.

South Korea’s ETF boom puts assets on track to overtake Taiwan

The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise of AI

Anh Sung-jae is arguably the most famous chef in South Korea, thanks to Culinary Class Wars.
FOOD & DRINK

Anh Sung-jae on Culinary Class Wars, fame and staying real

The acclaimed chef-judge of the wildly popular cooking show looks back at his dizzying rise to the top

Culinary Class Wars judge Anh Sung-jae (third from left) with South Korea's Minister of Agriculture, Food and Rural Affairs Song Mi-ryeong (centre), Korean Hanwoo Board chairman Min Kyungcheon (extreme right) and Korea Handon Board chairman Lee Kihong (second from left).
FOOD & DRINK

K-meat fever hits Singapore

The long-awaited arrival of Korean beef and pork raises the bar in a dining scene already crowded with Japanese, Australian, American and Spanish equivalents

The current property market rally is reminiscent of a record 85-week streak of gains for Seoul’s apartment prices between June 2020 and January 2022.

Seoul apartment prices rise further even as President Lee hardens resolve

The president has argued that rising apartment prices reflect distorted incentives rather than genuine housing needs

Trade is a pillar of the economy in South Korea, where exports are equivalent to about 40% of gross domestic product.

South Korea’s top trade chief urges caution over US tariff risks

Yeo Han-koo says Seoul has communicated that it is working to accelerate that process through bipartisan cooperation

Anh Sung-jae is the chef-owner of three-Michelin-starred Seoul restaurant Mosu.

Culinary Class Wars’ Anh Sung-jae talks fame and rise of K-beef fever

WHAT does the judge on one of the highest-rated cooking shows have to do with the debut of Korean meat in Singapore?

South Korean President Lee Jae-myung's remarks came after apartment prices in Seoul rose for 52 consecutive weeks, defying government efforts to cool the market with steps including tighter lending rules.

South Korea’s president vows to smash ‘devil’ of housing speculation

He says that soaring housing costs are forcing young people to abandon plans for marriage and childbirth