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From Festival to Framework: How Korea is Boosting Domestic Spending Through a Nationwide Shopping Event

SEOUL, South Korea, April 7, 2026 /PRNewswire/ -- Amid evolving global economic conditions, South Korea is exploring a distinctive approach to economic stimulus – one that goes beyond traditional fiscal or monetary measures, and instead focuses on mobilizing consumption.

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Special counsel raids ex-Yoon aides over alleged illegal diversion of ministry funds

The second comprehensive special counsel said Tuesday that it raided the homes of former Presidential Chief of Staff Kim Dae-ki and former presidential general affairs secretary Yoon Jae-soon, and imposed travel bans on the two over allegations related to the relocation of the presidential office and residence durin…

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Special counsel seeks 5-yr sentence for ex-defense minister over obstruction of justice

SEOUL, April 7 (Yonhap) -- A special counsel team on Tuesday sought a five-year prison term for former Defense Minister Kim Yong-hyun on charges of deceiving the Presidential Security Service into issuing a secure phone for use after former President Yoon Suk Yeol's declaration of martial law.

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FX volatility likely to ease if Middle East tensions subside: banks

SEOUL, April 7 (Yonhap) -- Officials from major global investment banks and local lenders said Tuesday volatility in the South Korean foreign exchange (FX) market is expected to ease when tensions in the Middle East subside given the country's solid economic fundamentals and stable foreign currency liquidity, accord…

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