SEOUL, Justice Minister nominee Park Sung-jae is a seasoned former prosecutor who previously served as chief at two of the country’s key prosecution offices and is known to be on close terms with President Yoon Suk Yeol.

The 61-year-old Park, who gr…

SEOUL, The head of the financial regulator on Tuesday called for financial firms to swiftly address credit risks stemmed from real estate project financing.

Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), also urged financial firm…

SEOUL, The foreign ministry said Tuesday it provided swift consular service to a South Korean who was robbed in Italy earlier this month.

In early January, four South Koreans traveling in Milan, including the man in his 20s, were targeted with racia…

SEOUL, Taihan Electric Wire Co. on Tuesday reported its fourth-quarter net profit of 32.7 billion won (US$24.5 million), up 168.9 percent from a year earlier.

Operating income for the October-December period was 19.4 billion won, down 1.4 percent fr…

Cambodia was ranked 8th among the top ten largest exporters of garments in 2022 by the World Trade Organisation (WTO).

China was crowned No. 1, followed by the European Union, Bangladesh, Vietnam, Turkey, India, and Indonesia, respectively.

Pakista…

SEOUL, Taihan Electric Wire Co. on Tuesday reported its 2023 net income of 67 billion won (US$50.2 million), up 206.9 percent from a year earlier.

Operating profit for the year was 78.4 billion won, up 62.8 percent on-year, the company said in a reg…

Last week, South Korea’s policymakers noted their alarm at the risks of military clashes in the Middle East that spin out of control, dragging more nations in the region into complex conflicts and hurting weakened supply chains further.

On Tuesday n…

SEOUL, President Yoon Suk Yeol on Tuesday named a former chief of the Seoul High Prosecutors Office as the new justice minister, his office said.

Park Sung-jae, a lawyer who retired from the prosecution in 2017 after serving in the Seoul Central Dis…

SEJONG, South Korea’s industry ministry said Tuesday it has launched the first round of talks with Britain to discuss ways to improve their bilateral free trade agreement (FTA).

The meeting, which will run through Thursday in Seoul, will focus on up…