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  • Seoul signals use of rarely-used emergency order to fast-track war budget Seoul signals use of rarely-used emergency order to fast-track "war" budget SEOUL, March 31 (AJP) -South Korea is pushing ahead with an aggressive fiscal response to cushion the economic shock from the Middle East war, unveiling a 26.2 trillion won ($19.4 billion) supplementary budget aimed at stabilizing energy prices, supporting households and shielding key industries — despite the risk of stoking inflationary pressure with the won hovering at 2009 crisis-era lows. The emergency
  • Korea burned $22.5 bln defending won Q4, USD-KRW nears 1,530 Korea burned $22.5 bln defending won Q4, USD-KRW nears 1,530 SEOUL, March 31 (AJP) -South Korea spent a staggering $22.5 billion in the final quarter of 2025 to stabilize the won, as the currency hovered near crisis-era lows amid intensifying capital outflows and dollar demand, central bank data showed. Net dollar sales for “market stability” surged to $22.47 billion in the fourth quarter, the Bank of Korea said in its disclosure of its intervention balance shee
  • Samsung Elec union crying foul over wage talks to press ahead with strikes Samsung Elec union crying foul over wage talks to press ahead with strikes SEOUL, March 31 (AJP) - Samsung Electronics claims it has put forward a compensation package more attractive than that of rival SK hynix, but its largest labor union is calling it a deception — and is pressing ahead with plans for a general strike in May. “The company lied to us,” Kim Jae-won, head of policy planning at the National Samsung Electronics Union (NSEU), told AJP on Tuesday. &l
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