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Korea looking to accelerate nuclear power exports

Korea is on a quest to find new markets for its nuclear power plant exports as more countries, including the Netherlands, Canada and the...

Exports down 16.5 percent in Korea so far in August

Korea’s exports has plunged 16.5 percent through late August, continuing the downward trend since last October. Korea logged $27.9 billion in exports in the first 20...

U.S. confirms unfrozen Iranian funds to be used for humanitarian purposes

Iranian funds recently released from Korea will be used for humanitarian purposes, an official of the U.S. State Department said Monday. “Iran’s accounts in other...

Korea to release billions in frozen Iranian assets

Seoul is taking steps to release Iranian funds held in Korea due to U.S. sanctions on Tehran, according to local media reports on Friday. It...

U.S. ban on tech investments in China not likely to affect Korea: Gov.t

Washington’s latest decision to regulate U.S. investments in Chinese high-tech companies is not likely to impact Korean businesses, the government said Thursday. However, as long-term...

‘Elemental’s success continues with more than 6 million tickets sold in Korea

Pixar Studios' animation film "Elemental" surpassed 6 million viewers in Korea on Thursday. "Elemental" is about characters representing the four elements — fire, earth, air...

Korea protests Japanese white paper laying claim to Dokdo

Seoul’s Foreign Ministry on Friday criticized Tokyo’s claim to Korea’s easternmost islets in a new annual defense white paper adopted by the Japanese cabinet...

Korea commemorates 70th anniversary of Armistice Agreement

President Yoon Suk Yeol underscored that the South Korea of today exists because of the sacrifices of the United Nation forces, marking the anniversary...

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...

Commercial vehicles lead Chinese automakers’ Korean invasion

Slowly but surely, China is expanding its presence in the Korean auto market with its competitively priced commercial electric vehicles. One third of new commercial...

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