Rival political parties held a parliamentary plenary meeting Wednesday and passed several key livelihood bills that have been stalled for months due to partisan disputes, including a nursing act that calls for nurses to play greater roles.
It marks …
South Korean banks’ nonperforming loans grew for a seventh consecutive quarter in the second quarter of the year due to a rise in bad loans extended to banks, data showed Wednesday.
Loans classified as substandard or below (SBL) held by local banks …
North Korea has not yet allowed the entry of a U.N. resident coordinator appointed nearly six months ago, a U.N. official said Tuesday, noting discussions with Pyongyang still continue over the return of international staff to the reclusive country.
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Tackle debt crisis
Korea in bind over looming US rate cut due to surging debt, property market
A clear warning sign for policymakers is on the horizon: surging debt — not only in the South Korean government, but also among households.
According t…
The Yoon Suk Yeol administration on Tuesday announced a 677.4 trillion won ($508.2 billion) budget for next year, only up 3.2 percent from this year. The increase rate is less than half the average annual increase rate of 8.7 percent during the past …
The outgoing Prosecutor General Lee One-seok has called for a review committee to examine the case involving First Lady Kim Keon Hee and her acceptance of a luxury handbag. Opposition political parties, along with Korean American pastor Choi Jae-youn…
