The government will extend intensive policy support to bring inflation down below 3 percent in the first half of 2024 as prices are projected to ease slower than expected, the finance ministry said Friday.
“Inflation is expected to moderate graduall…
President Yoon Suk Yeol vowed Friday to increase the government budget for scientific and technological research and development (R and D), saying he will fully support innovative R and D regardless of its cost.
Yoon made the remark during a meeting…
The Cabinet on Friday approved a motion demanding the National Assembly reconsider two opposition-led special investigation proposals, one of which involves allegations against first lady Kim Keon Hee.
President Yoon Suk Yeol is expected to endorse …
The Seoul city government teamed up with a county on Friday to set up a theme park for pet animals by 2027 in a move to meet the growing demand of pet owners, city officials said.
Under the agreement, the Seoul metropolitan government will handle th…
South Korea’s content industry soared to new heights in 2022, reaching record levels in both exports and sales, a government report showed Friday, amid the global boom of Korean pop culture.
According to a 2022 research study on the cultural content…
U.S. officials and experts have singled out a possible North Korea-triggered security crisis as one of top-tier contingencies deemed plausible this year, a U.S. think tank report showed Thursday, as Pyongyang has ratcheted up tensions through hardene…
Seoul shares opened lower Friday, after strong jobs data dampened hopes for an early interest rate cut by the Federal Reserve this year.
The benchmark Korea Composite Stock Price Index fell 2.65 points, or 0.10 percent, to 2,584.37 in the first 15 m…
North Korea appears to have rebuilt some of its destroyed guard posts inside the Demilitarized Zone (DMZ) separating the two Koreas with concrete structures, a military source said Friday.
Last November, the North began rebuilding the guard posts wi…
A British daily has added the term “East Sea” on a map of South Korea in its recent travel article that had only labeled a sea area by its Japanese name, after the South Korean government requested both names be in the picture.
The London-based new…
LG Chem, Ltd., South Korea’s leading chemical company, said Friday it has signed a deal to sell the global licensing rights for an anti-obesity drug candidate named LB54640 to a U.S. pharmaceutical firm for up to US$305 million.
Under the deal with …