S.Korea names budget veteran as finance minister to prop up economy
South Korean President Lee Jae-myung on Sunday appointed Koo Yoon-cheol, former head of the budget office, as finance minister as the government is ...
S.Korea to have 1st civilian defense minister in decades, career technocrats
South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...
US-South Korea talks scrapped after Trump's early G7 exit
A planned meeting between South Korean President Lee Jae-myung and US President Donald Trump was canceled on Monday after Trump unexpectedly left ...
S.Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
South Korea’s newly elected President Lee Jae-myung on Monday had his first official telephone conversation with Japanese Prime Minister Shige...
Lee names nominees for prime minister, spy agency chief, other key posts
South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including prime minister and spy agency chief, i...
Seoul, Washington agree on July tariff deal framework in '2+2' trade talks
WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marki...
Parliament passes bill to expand boards’ fiduciary duties
South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minor...
Korea’s new acting president assures economy resilient, security tight
South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...
South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch
South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoo...
South Korea’s economic system remains resilient: finance minister
The South Korean economy is solid, and the government will take “bold and swift’’ actions if needed to stabilize Asia’s four...
Korea’s finance min, central bank chief to take on demographic crisis
South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...
HD Hyundai establishes foundation for shipyard accident victims
South Korea's HD Hyundai Co. established the HD Hyundai Hope Foundation (tentative name) to support the families of victims of major industrial acci...
LG Chem promises extra $14.4 million in aid over Indian gas leak
South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...
S.Korea’s inflation slows to 10-month low amid tight policy
South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...
Korea’s inflation rebounds, BOK to keep interest rates in H1
South Korea’s headline inflation rebounded in February from a six-month low on higher prices of oil and agricultural products, adding to expec...
Hyundai Motor to invest $845 million to expand India’s Talegaon plant
South Korea’s top automaker Hyundai Motor Co. will invest 70 billion Indian rupees ($845 million) to expand and upgrade its Indian car manufac...
Costco Korea under heavy scrutiny over cart pusher’s death
Costco has come under heavy scrutiny after a 29-year-old cart pusher at one of its outlets near Seoul died after working in scorching heat in June, ...
SK E&S seeks Australia's support for Barossa LNG, CCS projects
SK E&S Co. has asked Australia to support its liquefied natural gas fields in the country and a carbon capture and storage (CCS) project in neig...
HD Hyundai to participate in Ukraine reconstruction project
South Korea's HD Hyundai Construction Equipment Co., the industrial affiliate of HD Hyundai Co., said on Thursday that it held discussions with Ukra...
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...
S.Korea, Japan to resume finance ministers' meeting
South Korea's Ministry of Strategy and Finance announced on Friday that Kim Seong-wook, the ministry's Director of the Office of International Finan...
K-beef targets global halal market through exports to Malaysia
Korean beef is making its entry into the global halal food market, starting with Malaysia. South Korean Ministry of Agriculture, Food and Rural Affa...
S.Korean gov't proposes nuclear power plant cooperation to Hungary
South Korean Minister of Trade, Industry and Energy Lee Chang-yang discussed ways to strengthen industrial and trade cooperation with Lászl&o...
S.Korean state-run railroad companies meet Czech Minister of Transport
South Korea's state-run railway companies Korea Railroad (KORAIL) and Korea National Railway (KR) announced on Thursday that they had met with repre...
S.Korea to strengthen cooperation with Portugal in renewable energy
South Korea’s the Trade, Industry and Energy Minister Lee Chang-yang participated on Wednesday in The Korean-Portuguese Business Forum at the ...
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...
Concerned about CHIPS Act, Korea says US investment less attractive
South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...
S.Korea, Mongolia discuss stabilization of mineral supply chains
The Korea Chamber of Commerce and Industry and Mongolian National Chamber of Commerce and Industry in Seoul on Tuesday held a business forum o...
S.Korea's science minister calls small modular reactors 'game changers'
Minister of Science and ICT Lee Jong-ho on Thursday pledged full support for the development of small modular reactors (SMRs), which he called a "ga...
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
