Regulators around the world are keen to keep dominant market players from abusing their overwhelming power to eliminate smaller and nascent rivals. South Korea’s top antitrust regulator attempted to legislate an act to prevent such unfair practice, o…
SEOUL, A delegation of North Korea’s ruling party officials have left for Russia to attend an international forum, state media reported Tuesday, amid deepening bilateral cooperation in the military and other sectors.
Kim Su-gil, alternate member of …
Buoyed by the recent flurry of contract signings for exports of major weapons systems, expectations are growing for South Korea to emerge as a powerhouse of the global defense industry. According to defense authorities and industry sources on Monday,…
WASHINGTON, A U.S. diplomat on Monday highlighted America’s commitment to working in tandem with South Korea and Japan to address growing military cooperation between North Korea and Russia, which he said serves only to prolong Moscow’s war in Ukrain…
SEOUL, HD Korea Shipbuilding and Offshore Engineering Co. said Tuesday it has canceled a 416.9 billion-won (US$313 million) order to build two passenger ships for a New Zealand state ferry operator.
The contract was canceled at the request of KiwiRa…