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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...
BUSINESS

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...
BUSINESS

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...
KOREA

Korea, NATO upgrade partnership, stress security cooperation

President Yoon Suk Yeol and NATO Secretary General Jens Stoltenberg agreed to upgrade the partnership between South Korea and the Atlantic alliance. Meeting in Lithuania...
KOREA

Korea’s tougher immigration investment requirement may target Chinese

The already frayed relations between Korea and China could escalate as the Justice Ministry’s plan to toughen the immigration investment program. The Justice Ministry on...
BUSINESS

Births and marriages in Korea hit April lows as declines continue

Korea suffered the steepest drop to date in the number of new births and marriages for an April, despite the month being widely favored...
KOREA

Korea, France to hold first ever joint air exercise as early as next month

Korea and France will hold their first-ever joint air exercise as early as the end of July, according to the French defense ministry. The exercise...
KOREA

Korea to allow international students to seek internship, work more hours

International students will need less money to get student visas and be allowed to work more hours starting July 3, the Justice Ministry announced...
BUSINESS

Korea posts record current account deficit with China in 2022

Korea posted a record current account deficit with China in 2022 on a plunge in chip exports, and a record surplus with the United...
KOREA

Police crackdown 3,670 drug offenders in Korea within three months period

Thousands of drug offenders have been apprehended in Korea during a three-month-long special crackdown, police said on Friday. A total of 3,670 people involved in...
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