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South Korea

South Korea is a country located in East Asia, occupying the southern portion of the Korean Peninsula. The capital is Seoul, a major global financial and technology hub. With a population of approximately 52-million people, South Korea has developed into one of the world's most advanced economies, ranking among the top 15 by gross domestic product. The country is a leading exporter of electronics, automobiles, ships, petrochemicals and steel, with globally recognised brands including Samsung, Hyundai and LG driving its industrial base. South Korea's currency is the won (KRW), issued by the Bank of Korea. The government operates as a presidential republic with a strong emphasis on export-led growth and technological innovation. South Korea is a member of major international economic organisations including the G20, the Organisation for Economic Co-operation and Development and the World Trade Organization. The nation maintains significant foreign exchange reserves and has emerged as an important source of development finance and investment for African countries, particularly through infrastructure projects and technology partnerships. Since the end of the Korean War in 1953, South Korea has transformed from a war-torn agrarian economy into a high-income industrialised nation, a transition often cited as an economic development model for emerging markets.

South Korea Updates


SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

The international Square Kilometre Array (SKA) Observatory (SKAO) has announced that its new director-general began her tenure on Monday. She is Professor Jessica Dempsey and she has replaced... 


Inflation impact likely in emerging markets owing to US-Iran war – BMI
26th May 2026 By: Schalk Burger

Financial market research company BMI expects oil prices to average $90/bbl this year, and to remain higher for longer, which will, in turn, feed into rising inflation. This will lead to pressure... 


Aluminium bars
Warning lights flash as aluminium reels from Gulf shock
25th May 2026 By: Reuters

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market. Gulf production of the metal, which is used across sectors as diverse as transport,... 


Coal excavation
Indonesia coal export shake-up rattles miners, traders
22nd May 2026 By: Reuters

Indonesia's plan to route coal exports through a state firm has rattled traders and miners in the world's largest exporter over its viability, at a time when liquefied natural gas (LNG) supply... 


Location map of the Prairie project
Prairie lithium project, Canada – update
22nd May 2026 By: Sheila Barradas

Prairie Lithium has started with factory acceptance testing at its commercial-scale direct lithium extraction unit, representing another important step towards commissioning of the project. 


Nolans project
Australia's Arafura approves $1.6 billion rare earths project
21st May 2026 By: Reuters

Arafura Rare Earths said on Thursday it had approved the development of its $1.6-billion Nolans project in Australia's Northern Territory, which is set to be the country's third-biggest rare earths... 


Microsoft South Africa commercial solutions and AI officer Ravi Bhat
Global AI use increases in first quarter – Microsoft
18th May 2026 By: Schalk Burger

During the first quarter of this year, worldwide AI use increased by 1.5 percentage points to 17.8% of the world’s working age population, up from 16.3% in the second half of 2025, information... 


Praire Lithium's DLE unit
Prairie Lithium DLE undergoes factory acceptance testing ahead of move, commercialisation
18th May 2026 By: Marleny Arnoldi

ASX-listed Prairie Lithium has started with factory acceptance testing at its commercial-scale direct lithium extraction (DLE) unit, representing another important step towards commissioning of the... 


Anson, Posco boards approve terms to build demo plant at Utah lithium project
13th May 2026 By: Creamer Media Reporter

The boards of ASX-listed Anson Resources and South Korean industrial group Posco Holdings have approved the terms for a definitive demonstration plant agreement relating to the construction and... 


US President Donald Trump and Chinese President Xi Jinping
Trump, Xi to weigh rare earth truce extension, but China's curbs still bite
13th May 2026 By: Reuters

China and the US are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs data shows Beijing is still throttling shipments of the... 


Most African countries not yet capable of achieving sustained industrial growth
6th May 2026 By: Rebecca Campbell

Africa still has a long way to go to achieve industrialisation, the Business Council for Africa has highlighted, in its '2025 Annual RED Index of Industrial Development in Africa'. (RED stands for... 


Green, smart cities must be secure by design
Green, smart cities must be secure by design
5th May 2026

By: Taru Madangombe - Vice President for Power and Grid Segment, MEA at Schneider Electric Around the world, countries are investing heavily in the development of smart, green cities. These... 


Indonesia coal heaps
Iran war gives small boost to thermal coal, further gains possible - columnist
5th May 2026 By: Reuters

Seaborne thermal coal prices in Asia rallied in the wake of the US and Israeli war against Iran, but the gains are modest and nowhere near the size seen during the crisis created by Russia's... 


South Africa’s Industrial Development Corporation Just Energy Transition Investment Plan green hydrogen:  programme director Rebecca Maserumule.
South Africa’s green hydrogen pursuit spelt out at UNIDO conference
24th April 2026 By: Martin Creamer

South Africa spelled out a detailed green hydrogen pursuit roadmap at the United Nations Industry Development Organisation (UNIDO) conference attended by 70 countries in Vienna on Wednesday, April... 


An oil tanker at sea
Hormuz crisis throws spotlight on world's largest 'chokepoint' – the Malacca Strait
23rd April 2026 By: Reuters

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca, which is the world's busiest... 


Steel worker in factory
Canada clamps down on steel dumping
22nd April 2026 By: Creamer Media Reporter

The Canadian International Trade Tribunal (CITT) on April 21 ruled that anti-dumping tariffs will be imposed on foreign steel imports sold by Tenaris and certain exporters from South Korea, Türkiye... 


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pqt: 0.076s - ct: 1.094s - 258pq - 2rq
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