Auto capacity looms over Korea–Germany race for Canada's $41bn submarine project

SEOUL, February 06 (AJP) - Auto-sector capacity — and Ottawa’s efforts to shield its car industry from U.S. tariffs — is emerging as a decisive variable in the two-horse race between South Korea and Germany for Canada’s Canadian Patrol Submarine Project (CPSP), sources said after meetings this week with visiting Canadian officials. “Both South Korea and Germany are automotive manufact

Seoul sells $3 bn in USD bonds, largest sovereign offering since global financial crisis

SEOUL, February 06 (AJP) - South Korea on Thursday sold $3 billion in U.S. dollar-denominated bonds in its largest single sovereign offering since the aftermath of global financial crisis, building up the ammunition to defend the local currency while the debt environment remains favorable. According to the Ministry of Economy and Finance on Friday, the government issued $3 billion in foreign exchange

Korea's record C/A surplus pales by near-tripling capital outflows

SEOUL, Feb. 06 (AJP) -The black figure in South Korea’s current account stretched to a monthly high in December and an annual high for 2025 thanks to red-hot chip sales, but the bulk of the gains went to defending the Korean currency against rapid depreciation and funding outbound investments, data showed. According to data released by the Bank of Korea on Friday, the current account in December reco