Finance Minister Choi Sang-mok said Wednesday the South Korean government will stay vigilant against heightened tensions in the Middle East following Iran’s massive missile attack on Israel, vowing to enhance market monitoring and devise responses.
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Korea Zinc Inc. said Wednesday it will buy back 2.66 trillion won (US$2 billion) worth of its own shares in a rare counteroffer to fend off a tender offer by private equity firm MBK Partners and Young Poong, the biggest shareholder of the world’s lar…
North Korea has held the first national conference of cadres, state media reported Wednesday, in an apparent bid to tighten the country’s grip on the discipline of officials amid severe flood damage in border areas.
North Korean leader Kim Jong-un s…
The growth of household loans extended by major banks in South Korea slowed from a month earlier in September, data showed Wednesday.
Outstanding household loans extended by the country’s top five lenders had stood at 730.9 trillion won (US$554.2 bi…
After nearly four decades, Korea and Japan held the sixth round of working-level talks regarding a significant bilateral agreement aimed at jointly developing a continental shelf believed to contain potential oil and other natural resources.
The lat…