Finance Minister Choi Sang-mok met with World Bank President Ajay Banga in Seoul on Thursday and discussed digital technology, development aid and other issues affecting the global economy, officials said.
Banga was in Seoul as part of his visits to…
Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose …
North Korean leader Kim Jong-un called for an improvement in the country’s regional economy and rebuked officials over their lukewarm attitude in tackling the “serious political issue,” state media said Thursday.
Kim made the remarks as he has stres…
The National Assembly on Thursday passed a special bill calling for the construction of a high-speed railway connecting the southern cities of Gwangju and Daegu.
The legislation propels an 8 trillion-won (US$5.98 billion) project to launch bullet tr…
South Korean composer Unsuk Chin won the Ernst von Siemens Music Prize, dubbed the Nobel Prize of classical music, Thursday, becoming the first Asian to do so.
The Ernst von Siemens Music Foundation and the Bavarian Academy of Fine Arts announced th…
Populations need to grow in South Korea and elsewhere to ensure a sustainable future, the chief of the World Bank said Thursday, amid a falling fertility rate in the country.
World Bank President Ajay Banga made the remarks during a meeting with rep…
President Yoon Suk Yeol vowed Thursday to make sweeping improvements to commuter transport in the Seoul metropolitan area by extending express rail networks and adding new bus lanes and double-decker electric buses.
Yoon made the remark during a gov…
Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday its fourth-quarter net profit fell 21 percent from a year earlier due to higher costs and the strengthening won.
Net profit for the three months ended in December fell to 1.62 …
South Korea’s Hyundai Motor Co. on Thursday set a 4 to 5 percent growth target for sales this year, as it posted a 29 percent on-year jump in the fourth quarter on high-end models.
Net profit for the three months ended Dec. 31 rose to 2.2 trillion w…
The industry ministry said Thursday that it will expand logistics support for exporters in an effort to minimize the impact of the escalating tensions in the Red Sea on the industry and the economy.
Tensions have risen further along the crucial Midd…