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…