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  Finance chief to attend series of key financial meetings in US this week SEOUL, April 13 (AJP) - Finance Minister Koo Yun-cheol is set to depart for the U.S. on Monday to attend a series of international meetings and other events, the Ministry of Finance and Economy said on Monday. Koo is scheduled to host an investor blitz in New York on Tuesday for major global investment banks, outlining South Korea's economic fundamentals and key policy priorities to attract investment in the country. He will also meet top executives of global asset managers April 13, 2026
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  South Korea, Poland agree to further deepen ties beyond defense cooperation SEOUL, April 13 (AJP) - South Korea and Poland on Monday agreed to upgrade their bilateral relationship to a "comprehensive strategic partnership" and pledged to expand cooperation in the defense industry and other areas. "South Korea has global competitiveness across a range of industries, while Poland is strong in basic science and technology and has geographic advantages and a skilled workforce. If these strengths are combined in a mutually beneficial way, a ne April 13, 2026
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  Lee set to hold first summit in decades with Polish leader to boost defense cooperation SEOUL, April 13 (AJP) - President Lee Jae Myung is set to hold talks with Poland's Prime Minister Donald Tusk on Monday. The first meeting between the two leaders also marks the first visit by a Polish leader in 27 years and Tusk's first trip to a non-European country since taking office in December 2023. Tusk, who arrived in South Korea on Sunday for a two-day visit at Lee's invitation, is scheduled to hold talks with Lee, followed by expanded discussions with ke April 13, 2026
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  S. Korea clears 26.2 trillion won relief as war risks mount SEOUL, April 11 (AJP) - South Korea has approved a 26.2 trillion won supplementary budget on Saturday, authorizing a massive injection of liquidity to shield households and industry from the volatility of a prolonged Middle East war. Prime Minister Kim Min-seok presided over an extraordinary cabinet meeting at the Government Complex Seoul to finalize the spending package, which cleared the National Assembly late Friday night. The legislative consensus marks a rare moment of bipartisa April 11, 2026
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  Rival parties reach deal on supplementary budget to weather Middle East crisis SEOUL, April 10 (AJP) - The ruling Democratic Party (DP) and the main opposition People Power Party (PPP) on Friday agreed on a supplementary budget to cope with the prolonged Middle East crisis while easing the burden on those hit hardest by soaring fuel prices. The extra budget of about 26 trillion Korean won (US$17 billion), which is expected to be passed at a parliamentary plenary session later in the day, also includes cash handouts to be provided to those in the bottom 70 perc April 10, 2026
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  Lee to meet Polish PM in Seoul next week SEOUL, April 10 (AJP) - President Lee Jae Myung will hold a meeting with Poland's Prime Minister Donald Tusk next week, Cheong Wa Dae said on Friday. In a written press briefing, presidential spokesperson Kang Yu-jung said Tusk is scheduled to arrive in Seoul on Sunday for talks with Lee. It will be the first visit by a Polish leader in 27 years and Tusk's first trip to a non-European country since taking office in December 2023. Lee and Tusk will sit down for talks o April 10, 2026
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  Seoul seeks clarity on Hormuz terms as fee risks grow SEOUL, April 09 (AJP) - Seoul is bracing for the inevitability — payments to transit the Strait of Hormuz — expected to push up fuel prices by about 0.5 percent, as it seeks clarity from Tehran while exploring alternative routes to secure Middle East energy supplies. The Ministry of Foreign Affairs said Thursday that a call between Foreign Minister Cho Hyun and Abbas Araghchi is being arranged and could take place as early as later in the day. The talks are expected t April 9, 2026
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  Surging non-bank lending raises PF scare in Korea SEOUL, April 9 (AJP) — South Korea’s non-bank lending is expanding again as tighter bank regulations and elevated borrowing costs push credit demand into less-regulated sectors, demanding scrutiny amid fragile market conditions. Financial authorities took notice and moved to curb subprime lending growth as rising market yields and exchange rate pressures are increasingly straining vulnerable households and businesses. According to the Financial Services Commission April 9, 2026
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  Seoul advised to seek risk-free energy sourcing at first NEAC meeting SEOUL, April 09 (AJP) -South Korean President Lee Jae Myung admitted Thursday that the escalating Middle East conflict will deliver near-term economic damage while forcing a longer-term overhaul of the country’s industrial and energy structure. Speaking at the first plenary session of the National Economic Advisory Council at Cheong Wa Dae, Lee said the crisis is unfolding on two fronts — an immediate energy supply disruption and a broader erosion of industrial compet April 9, 2026
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  Seoul unveils new measures to fend off inflation, sees stabler FX market SEOUL, April 9 (AJP) —South Korea will reimpose a cap on retail fuel prices to contain a renewed surge in gasoline costs triggered by the prolonged blockade of the Strait of Hormuz, while signaling potential upside for the battered won through parallel market-stabilization measures. Deputy Prime Minister and Finance Minister Koo Yun-cheol said Thursday the government will unveil a third round of emergency price ceilings on petroleum products at 7 p.m., with the new caps to t April 9, 2026