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Saturday, July 12, 2025

KOREA

IMF trims Korea’s 2023 growth forecast to 1.4 percent

International Monetary Fund lowered Korea’s growth outlook by 0.1 percent to 1.4 percent for this year in its latest forecast released Tuesday despite an...

North fires two missiles after U.S. nuclear sub docks in South

North Korea launched two ballistic missiles into the East Sea late Monday night after a nuclear-powered U.S. submarine arrived in South Korea on the...

Suspect in Gangnam murder was a secret anti-North operative

One of the suspects in the Gangnam kidnap-murder case had served as an anti-North operative, a court hearing revealed. A second trial for the seven...

Watchdog issues warnings to Chinese banks in Korea

The financial watchdog warned Chinese banks operating in Korea over their violation of duty in reporting corporate information. The Financial Supervisory Service (FSS) informed the...

Netflix’s password sharing crackdown to hit Korea

Netflix’s crackdown on password sharing is making its way toward Korea, with a growth in both revenue and subscriber numbers that the streaming giant...

1,700 evacuate Korea Post building due to unknown package

The Korea Post headquarters in Myeong-dong, central Seoul, had to evacuate some 1,700 people from its building on Friday afternoon after a package containing...

Yoon orders measures to restore teachers’ classroom authority

President Yoon Suk Yeol ordered his government to revise "unreasonable" educational ordinances that could possibly infringe upon teachers' rights in schools on Monday. He also...

Korean orders accelerate for Tesla’s low-price Model Y

Tesla’s unconventional low-price strategy seems working in Korea so far, with surging orders of the latest Shanghai-made Model Y. Over 20,000 orders have been made...

Naver joins global AI race with expanded range of services

Naver will unveil its hyperscale artificial intelligence (AI) service HyperClova X next month alongside a line of further affiliated services within this year, joining...

One killed, 3 injured in knife attack outside Sillim Station in Seoul

A man in his 20s died and three were injured after being attacked by a person wielding a knife outside of Sillim Station in...