Lee Nak-yon, a former leader of the main opposition Democratic Party (DP), announced his departure from the party Thursday, saying the DP has turned into a shield for its Chairman Lee Jae-myung.
Lee made the remarks in a press conference at the Nati…
South Korea’s central bank froze its key interest rate for the eighth straight session Thursday amid woes over a still weak economic recovery and slower-than-expected inflation moderation.
In a widely expected decision, the monetary policy board of …
South Korea has decided to ban its nationals from traveling to the “Golden Triangle” region in Laos infamous for criminal activities starting next month, the foreign ministry said Thursday.
The Level 4 travel alert, the highest in the government’s f…
Creditors of debt-ridden Taeyoung Engineering and Construction Co. were set to make a decision Thursday on whether to allow the ailing builder to move forward with a debt restructuring program.
Taeyoung, the 16th-largest builder in South Korea in te…
Stalking suspects with a high risk of second offenses can be ordered to wear an electronic tracking device before conviction as a revised bill to prevent revenge crimes against stalking victims is set to come into force later this week.
The Supreme …
The number of South Korean construction firms’ business closures hit an 18-year high in 2023 amid a slumping property market, data showed Thursday.
A total of 581 general construction companies went out of business last year, up 219 cases from the p…
