South Korean Kospi Index Leads Gains in Asia

The South Korean Kospi index led gains in Asia on Wednesday as investors assessed Japanese trade data and awaited the US Federal Reserve's decision on interest rates.

The South Korean Kospi index led gains in Asia on Wednesday as investors assessed Japanese trade data and awaited the US Federal Reserve's decision on interest rates. This event drew the attention of regional financial markets. Traders were monitoring key economic indicators. The Fed's decision could have a significant impact on the global economy.

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2026-03-17T10:32:28+00:00

South Korean Defense Minister: Warship Deployment to Hormuz Requires Parliamentary Approval

The South Korean defense minister stated on Tuesday that deploying a warship to the Strait of Hormuz would require parliamentary approval. He added that Seoul has no intention of sending its warship, the ROKS Choi Young, to the Strait of Hormuz. South Korea is already present in the Middle East, having dispatched the unit in 2009 to escort commercial vessels near the coast of Somalia.

Politics Economy Country

2026-03-15T13:29:14+00:00

South Korea Studies US Request to Send Ships to Strait of Hormuz

Seoul is carefully studying President Trump's request to send ships to the Strait of Hormuz for oil tanker security. South Korea is consulting with the US on the matter.

Politics Economy Country

2026-03-15T10:14:35+00:00

South Korea Records Record Budget Surplus

South Korea's Ministry of Budget announced a budget surplus of over 11 trillion won in January. Success is due to increased tax revenues despite higher spending. Further improvements are expected.

Economy Politics Country

2026-03-14T10:32:24+00:00

South Korea Implements Temporary Fuel Price Cap

The South Korean government has introduced a temporary fuel price cap system to ease cost burdens amid supply concerns. This is the first such measure since 1997, based on the Petroleum Business Act.