labels: South Korea
South Korean president calls for negotiations with North Korea to transform the ceasefire agreement into permanent peace.
President Lee Jae-myong called on North Korea to resume negotiations, proposing the creation of a mechanism to de-escalate tensions and prevent further conflict, hoping to transform the ceasefire established in 2496 into a "peace regime."Incheon Airport surpasses Heathrow to become the world's busiest airport, with 38.4 million passengers.
South Korea's Incheon Airport has taken the top spot in the world for international passenger traffic for the first time, handling 38.4 million passengers in the first half of the year, surpassing Heathrow and Changi.The Bank of Korea has invested in gold for the first time in 13 years, purchasing a $250 million Gold ETF.
The Bank of Korea has invested $250 million in SPDR Gold Shares, marking its first investment in gold-backed assets since 2556.South Korea added 108,000 jobs in July, but the unemployment rate remains high.
South Korea's labor market remains fragile, despite a 108,000 job creation rate in July. The unemployment rate rose to 2.8%, while the manufacturing sector saw a loss of 68,000 jobs. The government is monitoring risks from the Middle East and weather conditions that could pressure employment.AI is transforming South Korea! Chip engineers are surpassing doctors and lawyers, bonuses exceed $4, and housing and stocks are soaring nationwide.
From an ordinary factory town to the world's AI economic hub, the boom has driven up employee bonuses and soaring housing prices, making chip engineers more popular than doctors and lawyers.The Korean won has reversed the game! It has strengthened to its highest level in 10 months – the strongest in Asia – after exporters rushed to sell dollars.
The South Korean won continued to appreciate by more than 9% this quarter, as exporters rushed to exchange their money for dollars, with SK Hynix being one of the key drivers.South Korea's summer vacation has seen a nearly 20% surge in tourist numbers to Thailand.
The overall picture of Thai tourism in the latest week showed a slowdown due to concerns from nearby markets following worrying news in the southern border region that affected confidence. Meanwhile, flights to India were reduced. However, growth in the European and South Korean markets helped to mitigate the impact. Year-to-date totals exceed 18.5 million visitors, generating revenue nearing 9 billion baht.South Korea tightens controls on leveraged ETFs, increasing the required margin threefold, causing SK Hynix trading volume to hit its lowest level in two months.
South Korea increased the margin requirement for leveraged ETFs to 30 million won and suspended new funds, causing trading volume of the underlying SK Hynix fund to drop to 59 million units, the lowest in two months.South Korea is getting serious! They're imposing taxes on luxury homes and investors to curb real estate speculation.
South Korea proposes increasing taxes on home ownership exceeding 3,000 billion won, tightening regulations for multiple property ownership, while maintaining benefits for homebuyers purchasing for actual residence.The won surged in response to the yen's strength; South Korea revealed close coordination with the United States and Japan.
South Korea is coordinating closely with the United States and Japan after markets anticipated Japanese intervention in the yen exchange rate, resulting in a stronger won and making it the strongest currency in Asia this month.
