Bank of Korea (BOK) Governor Rhee Chang-yong has been awarded Asia-Pacific Central Bank of the Year 2024 by global financial magazine the Banker for his efforts to stimulate growth and stabilize the South Korean economy.
In a world struggling with s…
South Korea’s agricultural ministry said Wednesday the country will extend the value-added tax exemption on coffee and cacao beans through 2025 to alleviate consumers’ burden amid inflation.
The country has been exempting a 10-percent value-added ta…
SK hynix Inc., the world’s second-largest maker of memory chips, said Wednesday it will showcase its ultra-high-performance memory technology, the key to future artificial intelligence (AI) infrastructure, at the upcoming CES 2024.
Under the banner …
The head of Hyundai Motor Group, South Korea’s top carmaker, said Wednesday it will step up innovations in vehicle electrification and robotics this year, as the auto conglomerate seeks to promote sales of electric vehicles (EVs).
Euisun Chung, Hyun…
The antitrust regulator said Wednesday it has decided to fine Nexon Korea Corp. 11.6 billion won (US$8.85 million) for alleged deceptive business activity against game users regarding in-game items.
The game giant was accused of changing the probabi…