Five banks and five insurance firms in South Korea agreed Thursday to provide up to 5 trillion won (US$3.6 billion) in additional funding for real estate development projects.
The move comes amid government-led efforts to normalize real estate projec…
The top U.S. court has dismissed an appeal case by a British company claiming it was wrongfully excluded during South Korea’s purchase of advanced U.S.-made F-35 fighters, Seoul’s arms procurement agency said Thursday.
The U.S. Supreme Court dismisse…
South Korea’s car exports rose 4.8 percent on-year last month to reach a record high for any May, driven by solid demand for eco-friendly vehicles, data showed Thursday.
The combined value of car shipments came to US$6.5 billion in May, beating the p…
The main opposition Democratic Party (DP) announced Thursday it will seek the impeachment of senior prosecutors involved in investigations into party leader Lee Jae-myung, accusing them of abuse of power.
Rep. Min Hyung-bae told reporters that the pa…
SK Innovation Co., South Korea’s leading refiner, said Thursday various plans, including a merger, have been under consideration to bolster its competitiveness, but no decision has been made.
A company spokesperson at SK Innovation made the remarks a…