South Korea’s fiscal deficit grew markedly during the first seven 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 health calculated…
President Yoon Suk Yeol will visit the Czech Republic next week to strengthen bilateral economic ties and solidify South Korea’s bid for a major nuclear energy project in the European nation, his office said Thursday.
Yoon plans to make an official …
Doctors are currently divided, with hardliners accusing moderates of betrayal for resuming their work and condemning them as traitors.
Park Dan, a hardliner and the leader of the Korea Intern and Resident Association (KIRA), criticized Lim Hyun-taek…
Financial Supervisory Service (FSS) Gov. Lee Bok-hyun apologized for his confusing remarks on the bank loan policy. He apologized to “the people, consumers and bank staff” for causing an inconvenience with his “unrefined” remarks pertinent to the sur…
The Nuclear Safety and Security Commission (NSSC) was set to decide Thursday whether to grant a construction permit for two new nuclear reactors on the east coast of South Korea.
The NSSC will discuss proposals from Korea Hydro and Nuclear Power C…
Finance Minister Choi Sang-mok said Thursday that the government will stay vigilant against surging household debt and double up on effort to manage it in a stable manner.
Choi made the remarks during a meeting of economy-related ministers, where he…
