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Korea, Vietnam discuss trade at economic forum in Seoul

Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik and Ho Chi Minh City People's Committee Chairman Phan Van Mai discussed measures to boost Korea-Vietnam economic...

Crab-crazy Korea to solve Italy’s crustacean invasion

Korea, the biggest crab-loving nation in the world, is looking to import blue crabs from Italy, where the crustaceans are proving a headache. The blue...

Korea’s tax revenue to fall short by $44.5 billion, Finance Ministry says

Korea will collect 59.1 trillion won ($44.5 billion) less in tax this year than initially estimated due to dwindling corporate profits and the downturn...

Korea an important partner, Germany’s new ambassador says

As geopolitical tensions grow, Germany sees Korea as an increasingly important partner in the Indo-Pacific region, Germany's incoming ambassador to Korea said at an event...

New ID verification system in Korea to allow foreigners to open bank accounts online

Foreigners will be able to open bank accounts online at more banks with the Ministry of Justice's new residence card verification system. Jeonbuk Bank, Hana...

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...

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