South Korea's exports to hit record $700B, but not without issues

South Korea is set for a record annual export of $700 billion, yet this growth is solely driven by semiconductors, while other sectors are declining, raising concerns about economic diversification.

South Korean data shows that the country's exports, excluding semiconductors, may contract this year, although the annual export is set to exceed $700 billion for the first time ever... The data indicates that the growth is primarily driven by semiconductors, while other sectors are facing challenges. This highlights the economy's reliance on a single key industry.

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2026-01-29T10:14:58+00:00

Hanwha Surpasses Samsung in Operating Profit

The South Korean company 'Hanwha Solutions' has surpassed its rival 'Samsung Electronics' in operating profit for the first time in 2025. This achievement marks a significant milestone for Hanwha, which has long operated in the shadow of its larger competitor. Analysts attribute Hanwha's success to the successful launch of new products and efficient cost management.

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2026-01-29T04:17:12+00:00

Samsung Profit Hits Record High

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Economy Country

2026-01-26T01:33:41+00:00

South Korea Sets Import Record in 2025

South Korea imported $1.86 billion worth of goods in 2025, setting a new record. The increase is attributed to rising domestic demand and global economic trends. Experts expect continued growth in imports for the current year.

Economy Country

2026-01-23T01:56:53+00:00

South Korea's Economy Grows 1% in 2025

South Korea's economy grew by a modest 1% in 2025, its lowest rate since 2020. Despite a political crisis, the growth was driven by AI-related exports.