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Korea to double ceiling for immediate tax return for foreign tourists

Tourists and locals on the streets of Myeong-dong in central Seoul The maximum limit of purchases eligible for an immediate tax refund by foreign...

Global Anti-Dog Meat Coalition campaigns for dog meat ban in Korea

  Korean War veterans, Hollywood celebrities, politicians, and others are calling on the South Korean government to pass legislation banning dog meat. The South Korean National...

Korea, Britain agree to deeper cooperation in nuclear sector

Korea and Britain agreed to strengthen their cooperation in the nuclear sector, including the construction of new power plants, the Industry Ministry said Tuesday. The...

Korea’s GDP expected to maintain modest growth until 2028

A state-run research institute projected Korea’s economic growth at 2 percent next year as a slowdown in the overall consumption and investment in the...

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...

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