South Korean stocks ended almost 2 percent higher Friday to extend their winning streak to a fifth day, as a series of U.S. data soothed economic slowdown fears. The local currency gained ground against the U.S. dollar.
The benchmark Korea Composite…
A former girlfriend of popular basketball player Heo Ung has been transferred to the prosecution on charges of blackmailing him, police said Friday.
The transfer by the Seoul Gangnam Police Station came after Heo, a 31-year-old player for KCC Egis, …
Prosecutors are examining the financial accounts of former President Moon Jae-in and his wife in an investigation into allegations their former son-in-law was unfairly hired as an airline executive in exchange for favors for the firm’s founder, sourc…
The average lending rate of major banks in South Korea dipped slightly from a month earlier in July, marking the third consecutive month of drop, data showed Friday.
COFIX, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, cam…
South Korea’s defense authorities on Friday approved a plan to reduce Indonesia’s contribution for a joint fighter jet development project to 600 billion won (US$440 million), about one-third of the original amount, the state arms procurement agency …