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U.S. approves $5 billion F-35 fighter jet sale to Korea

The F-35A Joint Strike Fighter stealth jets taxi on a runway during an “elephant walk” training at the 17th Fighter Wing in Cheongju, North...

Korea offers $2 million worth of humanitarian aid to earthquake-stricken Morocco

The Korean government will extend $2 million worth of humanitarian aid to Morocco following the devastating earthquake that recently struck the North African country. On...

Korea’s major shipbuilders battle for lucrative LNG deals

Korea's three big shipbuilders will be vying to win a series of liquefied natural gas (LNG) carrier orders scheduled for the latter half of...

Korea, Indonesia sign 16 biz deals in Jakarta

Korea and Indonesia clinched a total of 16 deals at the business round table held Thursday in Jakarta, boosting cooperation on advanced technology and...

Demand for private education defies Korea’s declining demographics

Despite decaying demographics, Koreans are spending more on private education and opening more cram schools. There were 109,488 cram schools and private study rooms in...

Korea’s GDP up 0.6% in Q2 despite export decline

Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate. Second-quarter expansion was...

Korea logs $870M trade surplus in August

Korea reported a third consecutive month of trade surpluses in August. Exports fell for 11 months straight, but imports plunged further on the fall of...

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...

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...

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