The state-run utility Korea Electric Power Corp. (KEPCO) said Friday its operating loss narrowed sharply in 2023 from the previous year’s record level on the back of electricity rate hikes and restructuring efforts.
Operating loss came to 4.57 trill…
Nearly 80 percent of trainee doctors nationwide have submitted resignations and over 7,800 doctors walked off the job to protest a plan to raise the medical school enrollment quota, leading to the government’s issuance of the highest health alert ami…
South Korean stocks finished slightly higher Friday as foreign investors bet on local tech shares following AI chip giant Nvidia’s strong earnings results. The Korean won lost against the U.S. dollar.
The benchmark Korea Composite Stock Price Index …
Foreign currency deposits declined in January as companies curtailed part of their dollar holdings, central bank data showed Friday.
Residents’ outstanding foreign currency-denominated deposits reached US$98.1 billion at end-January, down $5.78 bill…
The top diplomats of South Korea, the United States and Japan highlighted the importance of trilateral coordination to respond to North Korea’s provocative acts and its military support for Russia’s war against Ukraine during their talks in Brazil on…