SEOUL, The state-run Korea Development Bank (KDB), the main creditor of Taeyoung Engineering and Construction Co., will likely conduct massive capital reduction and capital expansion in a way to support the troubled builder’s debt restructuring, indu…
PAJU/SEOUL, April 16 (Joint Press Corps-Yonhap) — The United States is looking at “out of the box” options with South Korea and other countries to continue the sanctions monitoring on North Korea, its top envoy to the United Nations said Tuesday, af…
SEOUL, Artificial intelligence (AI) startup Upstage said Tuesday it has attracted about 100 billion won (US$71.7 million) from investors, as it seeks to make inroads into the global generative AI market.
New investors, including state-run Korea Deve…
SEOUL, The ruling People Power Party (PPP) decided Tuesday to form an emergency leadership committee tasked with organizing a national convention to elect a new party leader, after the previous leadership broke up following a crushing defeat in last …
SEOUL, An outgoing monetary board member of the Bank of Korea said Tuesday that the central bank seems to be in no rush for potential rate cuts as inflation still runs high.
Last week, the BOK kept its policy rate unchanged at 3.5 percent for the 10…