Seoul: South Korea’s major defense firms have posted robust revenues and profits for the third quarter, led by massive arms export deals, industry data showed Sunday. The combined operating profits of four major South Korean defense firms – Hanwha Aer…
South Korea: South Korea’s retail sales continued to decrease for 2 1/2 years, led by weak demand across durable and non-durable goods, government data showed Sunday. The index for retail sales reached 100.7 on average for the third quarter of this ye…
Changwon: A former lawmaker from the ruling People Power Party (PPP) appeared before prosecutors on Sunday for questioning over allegations of providing funds to a self-proclaimed power broker at the center of a growing political scandal. Kim Young-su…
Seoul: South Korea, the United States, and Japan conducted combined air drills involving at least one B-1B bomber south of the Korean Peninsula on Sunday. This was a display of force following North Korea’s recent intercontinental ballistic missile (I…
Seoul: The neutral interest rate in South Korea is projected to range between -0.2 percent and 1.3 percent for the first quarter of the year, as reported by the Bank of Korea (BOK) on Sunday. This estimate reflects a change in the country’s economic l…