A court on Thursday ordered SK Group Chairman Chey Tae-won’s cohabitant to pay compensation of 2 billion won (US$1.5 million) to Chey’s estranged wife, Roh Soh-yeong, for ruining their marriage.
The Seoul Family Court made the ruling in a lawsuit fi…
Police have opened an investigation into a pro-North Korean online media outlet founded by Korean American pastor Choi Jae-young on suspicion of violating the National Security Act, officials said Thursday.
Choi, who has made headlines for secretly …
The leader of the ruling People Power Party (PPP) on Thursday urged the main opposition party to agree on postponing the implementation of a new investment tax policy set to take effect next year.
“We should at least agree with each other in advance…
South Korea’s central bank froze its key rate for the 13th straight session Thursday as household debts continue to increase and inflation keeps slowing down.
In a widely expected decision, the monetary policy board of the Bank of Korea (BOK) kept i…
Prime Minister Han Duck-soo said Thursday that South Korea will push to expand free trade agreements (FTAs) with emerging markets in Asia and Africa to boost the export-driven economy and enhance supply chain resilience.
Han unveiled the trade polic…
The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 3.50% for the intermeeting period. Inflation has continued its downward trend and the recovery in domestic demand has been modest. However, it is still n…
