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Korea, U.K. to sign ‘Downing Street’ accord establishing ‘global strategic partnership’

Korea and Britain will adopt the so-called "Downing Street Accord" during President Yoon Suk Yeol's state visit to London this week, elevating the two...

IMF ups Korea’s 2024 inflation outlook to 2.4%

The International Monetary Fund (IMF) has expected Korea to reach the country's inflation target of 2 percent by the end of next year, the...

Korea’s exports see first on-year rebound in 13 months

Korea’s exports grew 5.1 percent in October, marking their first on-year rebound in 13 months. Growth was driven by strong automobile exports and recovery...

Korea, Qatar sign $4.6B in deals during Yoon’s state visit

Korea and Qatar signed deals amounting to some $4.6 billion during President Yoon Suk Yeol's bilateral summit with Qatari Emir Sheikh Tamim bin Hamad...

Korea’s defense industry is ‘writing new history,’ Yoon says at ADEX

President Yoon Suk Yeol said the next steps for Korea's defense industry are aerospace engineering and artificial intelligence, citing Korea's achievements in developing high-tech...

Korea plans fourth Nuri rocket launch for 2025

Korea is gearing up for the fourth launch of its homegrown space rocket Nuri in the second half of 2025, this time with an...

U.S. B-52 bomber to land in Korea for first time

A U.S. B-52 strategic bomber will land at Osan Air Base this week, marking the aircraft’s first landing on the Korean Peninsula. It will also...

Korea joins consortium for $2B nuclear project in Romania

Korea is participating in a 1.85 billion euro ($1.97 billion) project for a nuclear plant refurbishment in Romania through a tripartite consortium. State-run Korea Hydro...

Korea, Japan vow to counter North’s threats in revived strategic dialogue

Korea and Japan vowed to work closely on countering threats from North Korea in their first vice foreign ministerial strategic dialogue in nearly a...

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