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Sunday, July 20, 2025

KOREA

South Korea sanctions North Korean company, five individuals in response to spy satellite launch

Seoul imposed sanctions against five individuals from North Korea and a North Korean tech company on Friday in response to Pyongyang's recent attempt to...

Gov’t hikes funds for biomedical research and development

As Korea shines a spotlight on biopharmaceuticals and healthcare, spending on biomedical research and development (R&D) is about to get a major boost. The ambitious...

Climate change fuels inflation, threatens food industry

Extreme heat and abnormal climate are slamming global economies, fueling inflation. Korea’s inflation fell below 3 percent in June and July, but torrential downpour, extreme...

All 44 Koreans reported safe in Gabon after coup

All 44 Korean nationals in Gabon are safe, including Korean Embassy staff, according to diplomatic sources. The individuals reportedly remain in the Central African country. On...

North practices striking, occupying South in command post exercise

North Korea conducted a command post exercise to rehearse striking and invading South Korean territory, Pyongyang's state media reported Thursday, the same day that...

Hyundai to buy 5 percent of Korea Zinc for $400 million

Hyundai Motor Group will buy 5 percent of Korea Zinc for 530 billion won ($400 million) to stabilize its supply of nickel, the key...

Korean gov’t announces new $1.5B won investment fund for startups

The Korean government created a 2 trillion won ($1.5 billion) investment fund to support startups, including startups with a focus on overseas expansion. Local...

Sorry about the Jamboree debacle, gender minister tells lawmakers

Minister of Gender Equality and Family Kim Hyun-sook made her first apology for her part in the fiasco that was the World Scout Jamboree...

Student population in Korea hits new low as 18-year decline continues

The total number of K-12 students in Korea has hit its lowest level since modern records began, reflecting the drastic decline of the country's...

Korea’s export value index falls for 10th consecutive month

Korea’s export value index plunged by 15.8 percent in July from a year earlier, falling for 10 consecutive months, Bank of Korea data showed...