Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on South Korea Gazette.
South Korea Poised to Reactivate Shin-Hanul 2 Reactor
MENAFN
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August 14, 2025
(MENAFN) South Korea’s Shin-Hanul 2 nuclear reactor is set to resume operations after the country’s Nuclear Safety and Security Commission gave the green light on Thursday. A Seoul-based news agency reported the reactor had been offline since...
South Korean Falconer Set to Make History at International Falcon Breeders Auction
EIN Presswire
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August 14, 2025
South Korean Falconer Set to Make History at International Falcon Breeders Auction RIYADH, SAUDI ARABIA, August 14, 2025 /EINPresswire.com/ -- South Korean breeder Dong Kaj Shin is preparing to become the first falconer from South Korea to...
South Korea's Tax Revenue Jumps in First Half of 2025
MENAFN
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August 14, 2025
(MENAFN) South Korea's tax revenue surged in the first half of 2025, driven by increases in both corporate and income taxes, the Ministry of Economy and Finance reported Thursday. For the January to June period, tax revenue totaled 190.0 trillion...
South Korea Announces Extension of Fuel Tax Reductions
MENAFN
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August 14, 2025
(MENAFN) South Korea's Ministry of Finance announced on Thursday that it will extend its fuel tax reductions for another two months to help alleviate rising fuel expenses for consumers. The current tax breaks—10% on gasoline and 15% on diesel and...
South Korea Sees Increase in Import Prices for July
MENAFN
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August 14, 2025
(MENAFN) Import prices to South Korea saw a notable increase in July, reversing a five-month decline, driven by the weakening of the Korean won against the U.S. dollar and a rise in crude oil costs, according to Bank of Korea (BOK) data released...
South Korea Posts Surge in Exports for Sixth Straight Month
MENAFN
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August 14, 2025
(MENAFN) South Korea's export volumes continued their upward trajectory for the sixth month in a row, driven by robust demand for electronic goods, according to data released Thursday by the Bank of Korea (BOK). The export volume index rose 8.2%...
Reborn Coffee Signs $1 Million Licensing Agreement to Expand into South Korea
GlobeNewswire, Inc.
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August 14, 2025
BREA, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced the signing of a $1 million exclusive licensing agreement with Reborn Korea Co., Ltd. to develop and...
GEN Korean BBQ Expands Internationally with Three New South Korean Locations
GlobeNewswire, Inc.
·
August 14, 2025
CERRITOS, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table”...
South Korea Orders Arrest of Former President’s Wife
MENAFN
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August 13, 2025
(MENAFN) A South Korean court has issued a detention warrant for Kim Keon-hee, wife of former President Yoon Suk-yeol, who is currently held on insurrection and related charges, a special counsel team confirmed Tuesday night. The Seoul Central...
South Korean Crypto CEO Admits Guilt in USD40B U.S. Fraud
MENAFN
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August 13, 2025
(MENAFN) Do Hyeong Kwon, co-founder and CEO of Terraform Labs, admitted guilt on Tuesday to two fraud charges in the U.S. connected to the massive $40 billion crash of his cryptocurrencies. The 33-year-old South Korean executive "used the...
U.S., South Korea strengthen security partnership with enhanced baggage screening at Atlanta airport
U.S. Customs and Border Protection
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August 14, 2025
WASHINGTON — U.S. Customs and Border Protection announced today a groundbreaking collaboration with the Republic of Korea and aviation security authorities at Hartsfield-Jackson Atlanta International Airport. The partnership will expand CBP’s...
South Korea Posts Increase in June Money Supply
MENAFN
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August 13, 2025
(MENAFN) South Korea’s money supply climbed for the third consecutive month, propelled by ongoing policy rate reductions, the Bank of Korea (BOK) reported Wednesday. Seasonally adjusted broad money, known as M2, increased by 0.6 percent...
South Korea Posts Sharp Drop in July Forex Trading
MENAFN
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August 12, 2025
(MENAFN) South Korea’s foreign exchange activity fell sharply in July amid reduced appetite for the U.S. dollar and declining derivatives trades, according to data released Tuesday by the Bank of Korea (BOK). The average daily volume of foreign...
South Korea’s President Set to Meet Trump on August 25
MENAFN
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August 12, 2025
(MENAFN) South Korean President Lee is scheduled to visit Washington for his inaugural summit with U.S. President Donald Trump on August 25, according to South Korean media. This pivotal meeting marks the first in-person encounter between Lee, who...
South Korea’s Military Forces Decline
MENAFN
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August 11, 2025
(MENAFN) South Korea's armed forces have diminished to approximately 450,000 personnel, marking a 20% reduction over the past six years, according to a defence ministry report disclosed by a ruling party legislator on Sunday. Officials attribute...
South Korea, Vietnam Forge Stronger Trade Ties
MENAFN
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August 11, 2025
(MENAFN) South Korean President Lee Jae-myung held talks Monday with Vietnamese leader To Lam, as the two countries pledged to intensify economic and strategic collaboration, including a push to expand bilateral trade to $150 billion by 2030. The...
South Korea Posts Decline in Early August Exports
MENAFN
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August 11, 2025
(MENAFN) South Korea’s exports declined by single digits in the first 10 days of August, primarily due to fewer working days, official customs data revealed Monday. Exports totaled $14.71 billion in the August 1-10 period, marking a 4.3 percent...
South Korea Reports Drop in July Unemployment Claims
MENAFN
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August 11, 2025
(MENAFN) South Korea saw a decline in new jobless claims in July, driven by weaker demand in construction, as well as the lodging and eatery sectors, government figures revealed on Monday. The Ministry of Employment and Labor reported that the...
South Korea Posts 4.3 Percent Decline in Exports
MENAFN
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August 11, 2025
(MENAFN) South Korea’s exports declined by 4.3% in the first 10 days of August compared to the same period a year earlier, according to data released Monday by the Korea Customs Service. The drop was largely due to a shorter working period, with...
US, South Korea Join to Recover War Remains
MENAFN
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August 11, 2025
(MENAFN) The United States and South Korea have agreed to enhance their joint efforts in locating and returning the remains of troops who perished during the Korean War, according to a media outlet based in Seoul. This agreement was finalized...