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…
Prime Minister Han Duck-soo said Thursday the government will improve its management of foreign workers to help address labor shortages caused by a declining and aging population.
Han made the remark during a government meeting held in the central ad…
Swedish furniture giant IKEA said Thursday it has expanded price cuts on its products in South Korea to provide more products at lower prices.
IKEA has cut the prices of 330 products by 12 percent starting Thursday after lowering the prices of 360 pr…
The city of Gyeongju in South Korea’s North Gyeongsang Province has been recommended as the host city candidate for the 2025 Asia-Pacific Economic Cooperation (APEC) summit, Seoul’s foreign ministry said Thursday.
The government’s APEC summit host ci…
The European Union’s aviation safety authority will be “ready to react appropriately” against possible flight maintenance issues of the European operation of South Korean low-cost carrier T’way Air, which has recently been plagued by frequent delays d…