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News
South Korea to Expand Trade Finance for Exporting SMEs to ₩140 Trillion Next Year, Targeting $1 Trillion in Exports — BigGo Finance
4+ day, 22+ hour ago (475+ words) South Korea's government will expand trade finance supply for exporting small and mid-sized enterprises to ₩120 trillion this year and ₩140 trillion next year. With cumulative exports this year surpassing last year's annual total in just 248 days, the measures aim to prevent…...
South Korea's Base Rate Hits 3%: 'Debt-Fueled' Homebuyers From 5 Years Ago Face Mortgage Renewal Shock — BigGo Finance
6+ day, 5+ hour ago (419+ words) According to the real estate industry on the 7th, the Bank of Korea raised its base rate—held at 2.5% since July of last year—by 0.25 percentage points each in July and again last month. As a result, commercial bank mortgage rates…...
Trump Says "South Korea and Japan Are Going to Alaska"… Steel Pipe and Steel Stocks Surge in Early Trading — BigGo Finance
1+ week, 4+ day ago (445+ words) South Korean steel pipe and steel stocks surged across the board on September 3 after U.S. President Donald Trump reiterated that South Korea and Japan would participate in the Alaska LNG project, including pipeline construction. Shinsung Steel hit the daily price limit,…...
South Korea Scraps Grade-and-Score R&D Evaluations in Favor of 'Selecting Outstanding Projects'; Goal Changes Liberalized — BigGo Finance
1+ week, 6+ day ago (669+ words) South Korea's Ministry of Science and ICT is overhauling the national R&D project evaluation system. The existing grade-and-score system will be abolished and replaced with a method of selecting outstanding projects for incentives, with projects that fell short of…...
AI Trade Crushed in July as Hedge Funds Pivot Aggressively into Healthcare, Financials, and Energy — BigGo Finance
3+ week, 2+ day ago (260+ words) Energy's net overweight climbed to its highest since 2015, likewise characterized by broad-based accumulation across subsectors. By contrast, information technology remains the largest sector weight in long portfolios (25%), but net exposure stands at only 15%—a record "underweight" relative to the Russell…...
South Korea's 2040 Power Demand Forecast Jumps 26.6 GW in Four Months—Equivalent to 19 Nuclear Reactors — BigGo Finance
3+ week, 3+ day ago (609+ words) South Korea's projected peak power demand for 2040 has been revised upward by more than 26.6 GW in just four months. The adjustment reflects the formal incorporation of large-scale advanced industry investment plans—including semiconductors and artificial intelligence (AI) data centers—and…...