South Korea has filed a suit to reverse an international tribunal’s recent order to pay US$32 million in compensation to U.S. hedge fund Mason Capital over a controversial 2015 merger of two Samsung affiliates, officials said Thursday.
The suit filed…
The Organization for Economic Cooperation and Development (OECD) forecast that the South Korean economy would grow 2.6 percent this year on rising exports, Seoul’s finance ministry said Thursday.
The latest figure remained unchanged from its projecti…
The defense ministry plans to reorganize its North Korea policy office to focus on sanctions strategies against Pyongyang while reducing tasks related to inter-Korean military engagement, officials said Thursday.
Under the plan, the ministry’s North …
Ulsan HD FC announced Thursday they have terminated their contract with head coach Hong Myung-bo by mutual consent, with Hong having recently been named the manager for the South Korean men’s national team.
Ulsan, two-time defending K League 1 champi…
South Korea’s fiscal deficit rose more than 40 percent on-year during the first five months of 2024 amid weak corporate performances and growing state expenditures, the finance ministry said Thursday.
The managed fiscal balance, a key gauge of fiscal…
South Korea and the United States maintain close consultations on North Korean issues even after the departure of the top U.S. nuclear envoy, a Seoul official said Thursday, dismissing concerns over Washington’s waning diplomacy on Pyongyang.
Jung Pa…
