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KOREA

BUSINESS

Fuel tax cut extended to tackle inflation amidst Israel-Hamas conflict

Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak...
BUSINESS

Korea plans fourth Nuri rocket launch for 2025

Korea is gearing up for the fourth launch of its homegrown space rocket Nuri in the second half of 2025, this time with an...
KOREA

U.S., South Korean envoys urge China to end repatriations of North Korean defectors

Julie Turner, the American special envoy on North Korean human rights, urged Beijing to stop repatriating North Korean defectors during her visit to Seoul...
KOREA

U.S. B-52 bomber to land in Korea for first time

A U.S. B-52 strategic bomber will land at Osan Air Base this week, marking the aircraft’s first landing on the Korean Peninsula. It will also...
BUSINESS

Samsung to supply Apple with OLED panels for tablets, laptops by 2026

Samsung Display is expected to supply organic light-emitting diode (OLED) displays to Apple for tablets and laptops as early as the first half of...
BUSINESS

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through...
KOREA

North warns of ‘rapid first strike’ as U.S. carrier arrives in Busan

North Korea threatened to stage the "most powerful and rapid first strike" against U.S. strategic assets Friday following the arrival of an American nuclear-powered...
KOREA

North Korea’s nuclear arsenal ‘on pace’ to challenge homeland missile defense, says U.S. congressional report

North Korea is "on pace" to deploy enough nuclear-tipped intercontinental ballistic missiles (ICBMs) to possibly penetrate the American missile defense system, according to a...
BUSINESS

Hyundai Glovis breaks ground on Incheon logistics center

Hyundai Glovis, the logistics unit of Hyundai Motor, broke ground for an airfreight logistics center at Incheon International Airport. Once completed in 2025 at Incheon International...
BUSINESS

Korea joins consortium for $2B nuclear project in Romania

Korea is participating in a 1.85 billion euro ($1.97 billion) project for a nuclear plant refurbishment in Romania through a tripartite consortium. State-run Korea Hydro...
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