A senior government official on Monday hinted at the possibility of opening the door of the South Korean mobile communications market to a foreign operator as part of its effort to enhance competition.”We will give adequate policy support to a company…
South Korean stocks finished lower Monday amid U.S. rate hike woes. The local currency went down against the U.S. dollar.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) shed 6.01 points, or 0.24 percent, to finish at 2,52…
The government criticized weekend rallies where some protesters alleged that the International Atomic Energy Agency (IAEA) received bribes worth 1 million euros (US$1.1 million) from Japan, a senior official said Monday, denouncing the act as “very in…
South Korea launched a government-lead project worth 399.2 billion won (US$305.4 million) to foster research and development of a homegrown small modular reactor (SMR) in an effort to lead the global market of the emerging energy sector, the science m…
A senior U.S. military official in Seoul on Monday reaffirmed Washington’s commitment to enhancing the “regular visibility” of powerful military assets in South Korea, pointing to the “upcoming visit” of a U.S. nuclear ballistic missile submarine.Brig…